KATHMANDU
SBI Capital Markets Limited , 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 ) have signed a Memorandum of Understanding on April 16th, 2023, in Corporate Office, Nepal SBI Bank Ltd., Kathmandu, Nepal.
The MOU is aimed at mutually exploring significant synergy for various potential 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.
There is a heightened level of activities in infrastructure sector in Nepal, particularly hydropower projects, wherein need for expert advisory services in project financing and other financial consultancy has been felt.
The MOU was signed by Mukul Modi (Executive Vice President) on behalf of SBICAPS and Dev Raj Adhikari (MD & CEO) on behalf of NSMBL.
The signing ceremony concluded in the august presence of Dinesh Khara (Chairman, SBI), C. S. Setty (MD, SBI), Amitava Chatterjee (MD & CEO, SBICAPS), Jayati Bansal, Chairman and other members of the Board of NSBL, Dipak Kumar De (MD & CEO, NSBL) and other dignitaries from SBI, SBICAPS, NSBL & NSMBL.
Both the parties were delighted to sign the MOU and expressed their belief that this partnership will lead to mutual benefits and growth of both the organizations.
