Prabhu Bank to soon expand in 5 foreign cities; receives initial approval from NRB to operate representative offices

Sun, Jun 30, 2019 9:45 AM on Corporate, Latest,

Prabhu Bank has received a green signal from Nepal Rastra Bank to open its representative offices in five different countries that include Sydney of Australia, New Delhi of India, Kualalumpur of Malaysia, Doha of Qatar and at the United Kingdom. The bank will now reach out to regulatory bodies in the respective countries to acquire permission to expand its services to these foreign cities within six months following which the bank will need to seek for final approval from the bank.

The bank currently provides its services to more than 12 lakh customers from its 186 branches, 139 ATM terminals and 23 extension counters.