State Bank of India rolls out 'Intouch' service in Nepal.

Global Banking News-July 10, 2017--State Bank of India rolls out 'Intouch' service in Nepal

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Global Banking News - 10 July 2017

The State Bank of India (SBI) (SBIN.NS) (500112.BO) (OTC: SBKJY) has launched its service - sbiIntouch- in Nepal, The Financial Express has reported citing a spokesperson for the bank.

The service will provide customers with products like Savings Bank, Saral Bachat Account and Combo Savings Accounts and the branch will have facilities including kiosks for account opening, debit card printing and ATMs.

Along with its subsidiary, Nepal State Bank Limited (NSBL), SBI has also launched NSBL Digital Village Initiative. As part of the initiative, the NSBL has adopted Jaharsing Pauwa village to provide financial literacy centres and other banking facilities to the 2,200 villagers. The services will include an internet banking kiosk, free WiFi, POS utility at four merchant outlets and cash recycle machines.

The non-banking services under the initiative includes providing villagers with solar street lights, medicines and medical equipment to the local health centres, books and stationery to the village government school and other facilities under the NSBL's CSR activities, the report said.

The Digital Village Initiative, along with Intouch, will be the first of its kind digital initiative in the Nepal banking industry and the first by overseas offices of the SBI, the report added.

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