Nepal SBI-PFL pact – The Himalayan Times – Nepal’s No.1 English Daily Newspaper

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Nepal SBI Bank Ltd and Progressive Finance Ltd (PFL) have entered into an agreement to provide non-fund-based banking facilities to the customers of PFL.

Under this agreement, PFL customers will be able to avail Nepal SBI Bank letters of credit, document against payment (DAP), document against acceptance (DAA), local bank guarantee, etcetera, as per a press statement.

The agreement was signed by Md Rizwan Alam, deputy CEO and chief financial officer of Nepal SBI Bank Ltd and Maheswar Pahari, deputy CEO of PFL.

A version of this article appears in the print on December 10, 2021, of The Himalayan Times.

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