Rastriya Banijya Bank Limited Introduces Online Collateral Freeze and Release System to Enhance Digital Governance
Summary
Rastriya Banijya Bank Limited has introduced an online system for collateral freeze and release, enhancing digital governance and banking transparency in Nepal.
Key Points
- Rastriya Banijya Bank Limited has launched an online system for mortgage collateral freeze and release services.
- The system supports the Government of Nepal's objectives for results-based, faceless, and time-bound digital governance.
- Over 800 collateral freeze and release cases have been processed through the new system.
- The initiative was implemented in partnership with the Department of Land Management and Records to digitize land-related banking services.
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