KATHMANDU: Nepal SBI Bank Ltd (NSBL) has signed a memorandum of understanding (MOU) with IME Ltd regarding cash payout of inward remittance received from various outlets/representative office/agents of IME Ltd through NSBL branches.

The service can be availed by general public for receiving remittance through the use of various NSBL branches, as per a media release.

The understanding was signed by MD Rizwan Alam, deputy CEO and CFO of NSBL and Khilendra Paudel, CEO of IME Ltd, in the presence of Dipak Kumar De, MD and CEO of NSBL; Yadvender Kant, COO of NSBL; Ritesh Aryal, CBDO; Suman Pokharel, senior vice-president of IME Group, and other senior officials of NSBL and IME Limited.

A version of this article appears in the print on December 20, 2022, of The Himalayan Times.