First Business News Portal in English from Nepal
KATHMANDU: Banks and financial institutions (BFIs) have established 1,030 new branch offices across the country in 11 months of the last fiscal year 2019-20 taking the number of branches of BFIs to 9,716, as per Nepal Rastra Bank. As of mid-June, 2019, there were a total of 8,686 branches of banks and financial institutions across the country. Bankers have said that banks were expanding their network through new branches in a bid to boost their businesses as well as to support the government’s ‘call’ to ensure the availability of at least one bank at all the 753 local levels.
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