Banking News – Garima Development Bank Limited has brought its 127th branch office into operation at Balumatar, Kathmandu Metropolitan City-3. The bank brought the new branch into operation on Wednesday, Kartik 18, 2083, from the building housing its central office in Balumatar, on the special occasion of entering its 19th year of establishment.

At the inauguration ceremony chaired by the bank’s Chairman Dilip Pratap Khan, Bishrut Thapa, Executive Director of the Nepal Rastra Bank’s Financial Institution Supervision Department, inaugurated the branch. The bank has stated that from the newly operational Balumatar branch, customers can receive facilities including ATM, locker, and foreign exchange services in addition to regular banking services. The bank, which has been providing simple, secure, and quality banking services from rural areas to urban areas, has stated that it is continuing branch network expansion with the objective of expanding public access to banking services, strengthening financial inclusion, and providing accessible and reliable financial services.

According to the bank, branch expansion is viewed not just as an increase in geographical presence but as an important means of promoting local economic activities, developing entrepreneurship, mobilizing savings, and expanding financial access to productive sectors. With the new branch coming into operation in Balumatar, the bank believes that financial services according to the needs of individual and institutional customers in that area will be available easily and will help make local economic activities more dynamic. Garima Development Bank, certified with ISO 9001:2015 and ISO 27001:2022, has been providing various banking services to approximately 10 lakh customers through its branch network spread across all seven provinces of the country.