Rastriya Banijya Bank & Sipradi Trading Sign Agreement Regarding Loan Investment

December 29, 2020 | Investopaper

Rastriya Banijya Bank Limited and Sipradi Trading Private Limited have signed two separate agreements in Kathmandu on Monday. The agreement has been signed by Chief Executive Officer of the Bank Kiran Kumar Shrestha and Chief Executive Officer of Sipradi Trading Rajan Babu Shrestha.

The first agreement is about concessional loan investment. Following the agreement, Sipradi Trading will provide necessary training at its training center to the entrepreneurs who want to do business by purchasing Tata commercial vehicles and will recommend the trained persons to the bank for concessional loans.

The second agreement is related to private and commercial vehicle loan investment. The bank will provide loans to customers who want to purchase Tata’s private and commercial vehicles through Sipradi Trading.

Speaking on the occasion, Kiran Kumar Shrestha, Chief Executive Officer of the Bank, said that cooperation with big business entities would be fruitful to increase the competitiveness of the bank. CEO of Sipradi Trading, Rajan Babu Shrestha, said that such an agreement would increase the income level of the people and help boost the country’s economy. Also Kaviraj Adhikari, Deputy Chief Executive Officer of the Bank, said that the agreement would help in the business growth of both the institutions. Deputy Executive Officer of the Bank Devendra Man Khanal conducted the program.

The program was attended by departmental heads of the bank Vinayarman Poudel, Padyama Laxmi GC, company secretary Bholanath Poudel, vice president of Sipradi Trading Saurabh Thapaliya, sales chief Sarad Neupane and other employees.


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