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Nepal State Bank launches first-of-its-kind digital initiatives

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Mumbai: Arundhati Bhattacharya, Chairman of the country’s largest lender State Bank of India, announced the launch of SBI’s flagship service INTOUCH in Nepal and also inaugurated NSBL Digital Village initiative. SBI Chairman along with Nepal State Bank Ltd. rolled out these first of its kind initiatives in the banking industry of Nepal.

Under the NSBL Digital Village initiative, the bank has adopted Jaharsing Pauwa village and has embraced the mission to provide financial literacy centres and other banking facilities to the residents of the village. Some services such as Internet Banking Kiosk, Free Wifi, POS utility at 4 Merchant locations, Cash Recycler Machines, and so on, are going to be made available to the 443 house-holds incumbent in the village. The village has approximately 2200 people who are set to witness solar street lights, medicines & medical equipments being provided to the health centre, books & stationeries to the Government School, and similar facilities under the CSR initiatives of Nepal State Bank.

The products to be offered initially by sbiINTOUCH to the customers will include Savings Bank, Saral Bachat Account and Combo Savings Account. The INTOUCH branch outlet will boast of facilities like Account Opening Kiosk, Debit Card Printing Kiosk, INB Kiosk, SSK, CDM/Recycler and ATMs.

Both NSBL Digital Village and NSBL INTOUCH outlet are unique initiatives in the Nepalese banking industry and is an inimitable step taken by any foreign offices of State Bank of India.

In India, SBI has so far made 21 villages digital and is targeting to make 101 digital villages in the coming months. When it comes to sbiINTOUCH, the bank boasts of approximately 250 outlets.

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