By Karuna Thapa
Kathmandu, March 11
Global IME Bank and Kamana Sewa Bikas Bank have reached an agreement. A memorandum of agreement has been inked to provide Kamana Sewa clients with non-fund-based banking services. According to the agreement, Kamana service clients can use Global IME to get a non-fund-based letter of credit, bank guarantee, document against payment, document against acceptance, trade transaction banking, and other services.
Ratna Raj Bajracharya, CEO of Global IME Bank, and Pravin Basnet, CEO of Kamana Sewa Bikas Bank, signed the Memorandum of Understanding.
Global IME has around 860 service facilities, including 287 branches, 252 ATMs, 274 branchless banking services, 50 extensions and revenue collection counters, and three international representatives, offering financial services. Kamana Sewa Bikas Bank, on the other hand, has 129 branch offices and one extension counter spread around the country.
