KATHMANDU: Siddhartha Bank Ltd (SBL) opened three new branches simultaneously on Sunday.

The new branches have been opened in Chandrauta of Kapilvastu, Musikot of West Rukum and Uttarganga of East Rukum district, the bank said in a press statement.

SBL has said that the new branches have been opened to increase access of banking and financial services for people from remote areas.

With the opening of three new branches Siddhartha Bank now has 121 branches (along with three extension counters), 99 branchless banking service points and 116 ATMs.