Nepal SBI Bank, a subsidiary of the State Bank of India, today launched its fully automatic digital banking services in the Nepalese capital Kathmandu.
This is for the first time the State Bank of India has expanded the paperless banking system outside India.
Digital banking provides various services including cash deposit, opening of new accounts, distribution of debit card, ATM and online banking information on touch of the screen.
Customers can avail the services from SBI Intouch Bank.
The digital banking unit also has a robot, which provides important information to customers in an interactive manner.
Nepal Rastra Bank Governor Chirinjibi Nepal, SBI Bank's chairperson Arundhati Bhattacharya and Indian Ambassador to Nepal Manjeev Singh Puri, jointly inaugurated the new service, the first of its kind in Nepal.
"The paperless banking service has been launched to target potential younger customers who are exposed to digital technology," Bhattacharya said.
Paperless banking is a revolution in the banking sector of Nepal, said Chiranjibi Nepal. "I am very happy to know that SBI has brought creative and innovative technology in the banking sector in Nepal. We expect other banks of Nepal to follow," he added.
"The launching of the digital banking is a very good example of how bilateral relations between Nepal and India are growing," said Puri.
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