Banking News – Rastriya Banijya Bank Limited (RBB) and the Employees Provident Fund (EPF) have signed a Memorandum of Understanding (MoU) for the management of the bank’s retirement and provident funds.

The agreement was signed on Wednesday at the Employees Provident Fund’s central office in Pulchowk, Lalitpur, by RBB Chief Executive Officer Devendra Raman Khanal and Acting Administrator of the Employees Provident Fund Jeevan Kumar Katuwal.

Under the agreement, the Employees Provident Fund will now manage the provident fund and other retirement-related funds of Rastriya Banijya Bank’s employees.

The bank currently employs 2,955 staff members, all of whom will be covered under the new retirement fund management arrangement.

Rastriya Banijya Bank, a fully government-owned commercial bank, currently provides banking services to more than 4.8 million customers through its network of 316 branches across all 77 district headquarters and remote areas in Nepal.

The bank offers a wide range of financial services, including loans, deposits, ATM facilities, mobile banking, and other modern digital banking services.