Press Release

First Nepalese Bank To Open Representive Office Outside Nepal

Among other services, the Representative Office will facilitate Nepalese citizens to remit their savings from India to Nepal through banking channel. They would be permitted to open the account in any of the EBL branches in Nepal through selected branches of PNB in India itself. Further, the Nepalese who have proven regular income are likely to be provided Overdraft facility by EBL.

The Representative Office will further make available to potential investors in Nepal the required information regarding the applicable laws, introduction to Nepalese joint-venture partners etc.