Private banks in Nepalgunj, the main trade centre in the mid-west, are luring customers with swift service and attractive savings and loan schemes. The number of new branches of these banks, which are of international standard, has been on the rise for the past two years.
Banking transactions in Nepalgunj have gone up due to the environment for investment after peace was established in the country, said president of the Nepalgunj Chamber of Commerce and Industry Damodar Acharya.
Similarly, commercial banks and development banks have expanded their services in Karnali too. It is reported that 16 commercial banks, three development banks and six finance companies are providing international standard service in Nepalgunj. Besides, some other banks are planning to open new branches in the town soon.
According to manager of Nepal Investment Bank, Nepalgunj branch office, Mantri Lal Gupta, an easy system of disbursing loans has also attracted the middle and low class people in the mid-western districts. The banks have also increased plans like providing foreign employment loans, education loans and home loans to their customers, he added.
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