Kathmandu.
Rastriya Banijya Bank Limited and Public Service Broadcasting Nepal, also known as Radio Nepal, have struck an agreement. A contract has been inked to operate pay accounts and offer professional loans to Radio Nepal staff members.
Bishnu Ram Neupane, Chief Administrative Officer of Public Service Broadcasting Nepal, Radio Nepal, and Devendra Raman Khanal, Chief Executive Officer of Rastriya Banijya Bank, inked the agreement.
Following the signing of the agreement, the bank will, upon the company’s advice, offer professional loans up to Rs. 1.5 million to workers who have fulfilled the designated service period while employed by Radio Nepal, according to the bank’s Consumer Loan Guidelines, 2077.
By setting an interest rate that is two percent higher than the base rate, the bank will invest the loan. The bank’s base rate is currently 14%. The bank will manage Radio Nepal employees’ salary accounts in accordance with the agreement.
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