Kumari Bank Limited (KBL) and the Bank of Kathmandu (BoK) have signed an agreement to provide remittance service of Kumari Remit, a premier online remit product of Kumari Bank. According to the agreement, BoK shall provide Kumari Remit service from its network of 50 branches. Uday K Upadhyay, acting chief executive officer of KBL, and Prabin Prakash Chettri, chief operating officer of the BoK, signed an agreement to extend remittance service throughout Nepal. KBL has been providing inward remittance from Qatar, UAE, Malaysia, US, Russia and Gulf and European countries.
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