By Our Reporter
On 25th March, National Banking Institute Ltd. (NBI) and NMB Bank Limited (NMB) signed a MoU whereby the two institutions would promote Financial Literacy Program to reach out to the larger masses through the Bank’s network spread across the country and NBI App, a recently developed Financial Literacy App. The MoU was signed by Sanjib Subba, Chief Executive Officer and Sunil K.C., Chief Executive Officer, NMB Bank Limited.
In line with the MoU signed, NBI will provide all the information about NBI App in regards to its structure and features to the designated staff members of NMB. The bank shall educate its entire staff and disseminate information about NBI App to their customers to support Financial Literacy awareness program and spread further at a greater pace than would have been possible. Further, the Bank shall use NBI App to facilitate execution of financial literacy program to women group, farmers, families dependent on inward remittance for livelihood and students. If required, NBI shall manage all the logistics of the bank’s Financial Literacy Awareness Program at a nominal amount.
This association to promote financial literacy awareness is expected to create synergy in raising awareness about the importance of savings and channelizing of savings towards entrepreneurial activities. The use of NBI App, equipped with all the necessary materials of financial literacy is expected to bring paradigm shift in the dissemination of financial literacy awareness in the country.