Public lender State Bank of India (SBI) has launched a digital village initiative in Nepal by installing a cash recycling centre.
SBI launched the initiative in Jarisingpouwa in Shankarapur rural municipality, 25km east of Kathmandu.
The centre was inaugurated jointly by the Governor of Nepal Rastra Bank Chiranjibi Nepal and SBI chairperson Arundhati Bhattacharya.
The newly launched cash counter will enable the villagers to deposit and withdraw money through the automatic machine.
In addition to this, the bank also distributed 430 debit cards among the people of the locality, which is considered remote area due to the hillside location, though it is not very far from Kathmandu city.
Solar street lights were also installed in the area.
The SBI also celebrated 25 years of its establishment in Nepal on 7 July.
