Rastriya Banijya Bank inks MoU with Nepal Oil Corporation; NOC employees to enjoy collateral-free loan from RBB with their salary accounts maintained at the bank

Rastriya Banijya Bank and Nepal Oil Corporation have inked an agreement to provide a Salary Saving account and collateral-free credit scheme to the employees of NOC.

The MoU was signed between the CEO of the bank Mr. Kiran Kumar Shrestha and the Acting ED of NOC Mr. Nagendra Sah amid a program.

With this agreement, employees of NOC who have completed their two years initial tenure with the oil monopoly can now receive up to Rs 15 lakh collateral-free loan from the bank whereas the bank will maintain the salary accounts of all the NOC’s employees, as per the media statement.

The bank currently has 256 branches, 218 ATM outlets, and 98 branchless banking outlets in all 77 districts under its network.