Kathmandu, February 23:

Nepal SBI Bank Ltd installed its seventh ATM at Jawalakhel, Lalitpur today.

T C A Ranganathan, the representative of the State Bank of India at the board of Nepal SBI Bank, inaugurated seventh ATM of the bank today, states a press release issued here by the bank.

The bank already has its ATMs at six different locations at Durbarmarg, New Road, and Indian Embassy premises, Lainchour of Kathmandu; Chipledhunga of Pokhara; Surkhet Road of Nepalgunj and Sunauli of Bhairahawa.

The Nepal SBI Bank also held its 14th annual general meeting (AGM) here in the valley yesterday. The AGM was chaired by the chairman of the bank’s Board of Directors Balkrishna Shrestha.

The bank has in this fiscal year posted Rs 254.9 million net profits that is an increase by 118 per cent compared to the last fiscal year, states the press release.