Nepal SBI and   ICFC Finance an agreement  for non-fund-based banking

Kathmandu,  August 29. Nepal SBI Bank Ltd. and ICFC Finance Ltd. have entered into an agreement to provide non-fund-based banking facilities to the customers of ICFC Finance Ltd. Under this agreement, ICFC Finance Ltd. customers will be able to avail Nepal SBI Bank Letters of Credit, Document against Payment (DAP), Document against Acceptance (DAA), Local Bank Guarantee etc.

The agreement was exchange between Md. Rizwan Alam, Deputy CEO & Chief Financial Officer of Nepal SBI Bank Ltd. and Mr. Amit Shrestha, Deputy CEO of ICFC Finance Ltd. in presence of senior officials of Nepal SBI Bank Ltd. and ICFC Finance Ltd.