Siddhartha Bank inks deal of bancassurance with Reliable Nepal Life Insurance

Siddhartha Bank Limited and Reliable Nepal Life Insurance Limited have inked an agreement of bancassurance. The deal was signed between Deputy MD of the bank Mr. Rameswor Prashad Basyal and CEO of the insurance Mr. Narayan Babu Lohani. Following the agreement, the customers of the bank can avail all the services of the life insurance company from all its 100 branches and other banking facilities.

 SBL is currently providing banking facilities through its 100 branches, 99 branchless banking locations, 3 extension counters, 108 ATM outlets and 687 pos machines throughout the country.

 The bank has deposit collection figure of Rs 87.57 arba while credit disbursement of Rs 79.29 arba.