KATHMANDU: Nepal SBI Bank Ltd (NSBL) has signed a memorandum of understanding (MoU) with MAW Vriddhi Autocorp Pvt Ltd (MVAPL) and MAW Vridhi Commercial Vehicles Pvt Ltd (MVCVPL) to facilitate the financing of vehicles under the bank's hire purchase scheme.

The understanding was signed by Arjun Nepal, chief credit officer of NSBL and Prasanna Panta from MVAPL and Tushar Jaiprakash Gupta from MVCVPL in the presence of Binod Adhikari, head-Corporate Credit and Prabin Bhattarai, head of Retail and SME Credit at NSBL and representatives from the companies, as per a press statement.

The bank is providing its banking services through its 94 branches, 22 extension counters, seven province offices and one corporate office along with 123 ATMs.

A version of this article appears in the print on August 27, 2023, of The Himalayan Times.