Kumari Bank extends service in the UK

Kumari Bank extends service in the UK
Nepalnews.com, 4-Oct-07

A Nepali bank has announced extension of its banking services to cover Nepalese community living in the United Kingdom.

Kumari Bank has signed up with Samsara Nepal Financial Services, UK, a registered Money Transmitter company in the UK and Samsara Pvt. Ltd., Nepal authorised by Nepal Rastra Bank to conduct remittance services to facilitate banking services to the Nepalese community residing in the United Kingdom.

"To this effect Samsara UK will be an access point for Nepalese people to open accounts with Kumari Bank, make deposits, transfer money to more than 195 locations within Nepal, arrange credit facilities, manage account online and many more services," states a press release by the Bank.

On October 2, 2007 Noor Pratap J.B. Rana, Chairman of Kumari Bank officially launched the service at Holiday Inn, Kensington, London amidst two hundred distinguished guests who were specially invited for the function. Speaking on the occasion Rana said, "Globalisation has made the world smaller because of which Kumari Bank has been able to provide its services to the Nepalese community residing in the UK. I believe that you will place your trust in us and avail our services and consequently help us develop our services. We are here not only to provide remittance services but all other banking services that are possible"

At the function, Chief Executive Officer Surender Bhandari introduced Kumari Bank and explained how the service will work. "For a long time people who were working abroad wanted an easy and reliable source to send back their earnings to their beloved ones in Nepal. Keeping this in mind Kumari Bank in collaboration with Samsara Group has started not only remittance services but all other banking services that are required," he said.

Director of Samsara UK, Raja Ram Giri said the partnership with Kumari Bank has opened the doors for smooth, reliable and efficient direct banking facilities not only to the Nepalese community but also to British nationals who visit Nepal in thousands every year, now they can also avail these benefits from our service.

"We will be providing customer single package with a cost of £4.99 a month which gives customer access to all the facilities that Kumari Bank provides; transfer money as many times as you want to any counter of Kumari Bank and Samsara without paying any commission; deliver cheque books, visa electron card direct to your address in UK and many more," Giri added.

Acting ambassador of the Nepalese Embassy in UK Jhabindra Prasad Aryal who was chief guest at the function said, "This is definitely a beginning of a new chapter in the Nepalese banking sector, Kumari Bank in association with Samsara Group coming to UK to provide direct banking service to the Nepalese community, I must say, is a commendable job and I wish them all success." nepalnews.com Oct 04 07