SBICAPS, NSMBI ink deal

KATHMANDU, APRIL 16: SBI Capital Markets Limited (SBICAPS), a wholly owned subsidiary of State Bank of India (SBI) and Nepal SBI Merchant Banking Limited
(NSMBL), a wholly owned subsidiary of Nepal SBI Bank Limited (NSBL), have signed a Memorandum of Understanding (MoU). It was inked by. Mukul Modi Executive Vice President of SBICAPS and Dev Raj Adhikari, MD and CEO of NSMBL., on behalf of their respective organisations at a program held today in the capital. 

 The deal is aimed at mutually exploring significant synergy for various opportunities in advisory, project financing, syndication, appraisal and other financial consultancy services in Nepal and further identifying, undertaking, and executing various assignments in the country. 

Both parties expressed their belief that this partnership will lead to their mutual benefits and growth.

There is a heightened level of activities in the infrastructure sector in Nepal, particularly hydropower projects, wherein the need for expert advisory services in project financing and other financial consultancy has been felt, according to them.