Rural Microfinance & Nepal Bank sign pact for banking transaction

Rural Microfinance Development Centre Limited (RMDC) and Nepal Bank Limited (NBL) have signed agreement for banking transaction. Mr. Devendra Pratap Shah, CEO of Nepal Bank and Mr. Jyoti Chandra Ojha, CEO of Rural Microfinance Development Centre signed the agreement today (Magh 25, 2073). With this agreement, partner organizations of these companies can transfer money from the account of RMDC and NBL and from any branches of these companies free of charge. This agreement is supposed to benefit more than 200 partner companies of Rural Microfinance Development Center as they can utilize from huge branch base of Nepal Bank Limited. Nepal Bank is a leading commercial bank of Nepal with 129 branches all over Nepal whereas Rural Microfinance is a leading national level microfinance that provides loan and technical support for other microfinance companies.