22nd August 2025, Kathmandu
Rastriya Banijya Bank Limited (RBBL) and Nepal Telecom have officially forged a strategic partnership to deliver specialized financial services to both retired and currently employed staff of Nepal Telecom.
Employee Banking Services Agreement
The agreement is a significant collaboration between two of Nepal’s largest state-owned enterprises, aimed at enhancing the financial well-being and convenience of Nepal Telecom’s vast workforce. This partnership will provide tailored banking facilities, including dedicated pension and salary accounts, as well as simplified loan options, demonstrating a commitment to employee welfare and modern banking practices.
Details of the Groundbreaking Agreement
The agreement was formally signed during a ceremony held at the head office of Nepal Telecom on August 21, 2025 (Bhadra 5, 2082). The signing was conducted by Managing Director Sabina Maske Pradhan representing Nepal Telecom and Chief Executive Officer Devendra Raman Khanal on behalf of Rastriya Banijya Bank. The event marked a new chapter in cooperation between a leading commercial bank and the country’s preeminent telecommunications company.
According to the signed memorandum, Rastriya Banijya Bank will offer a comprehensive suite of financial services specifically designed to meet the unique needs of Nepal Telecom’s staff. The key features of this agreement are:
Pension Account Services: For retired employees of Nepal Telecom, RBBL will be responsible for operating and managing their pension accounts. This service ensures a smooth and reliable disbursement of retirement benefits, providing financial security to those who have served the company for many years.
Salary Savings Accounts: Active employees will be provided with dedicated salary savings accounts. These accounts will facilitate easy access to salaries, streamline daily transactions, and come with a host of additional banking benefits.
Professional Simplified Loans: Current employees of Nepal Telecom will have the opportunity to access simplified credit facilities. These loans are designed to meet their personal and professional financial needs at favorable terms, making it easier for them to finance major life events or investments.
Other Banking Services: In addition to these specialized products, RBBL will extend its full range of modern banking services, including digital banking facilities, debit cards, and other advanced financial solutions, ensuring that Nepal Telecom’s staff can conduct their banking activities with ease and efficiency.
The collaboration’s primary goal is to make banking more convenient and accessible for the thousands of Nepal Telecom employees and retirees spread across the nation. By providing dedicated products and services, the agreement helps to ensure financial stability and provides essential access to credit when required, while also promoting a higher degree of financial inclusion within the workforce.
Profiles of the Partnering Institutions
This partnership is built on the strong foundations and widespread networks of both institutions.
Rastriya Banijya Bank Limited (RBBL):
Established on January 23, 1966 (Magh 10, 2022 B.S.), Rastriya Banijya Bank is one of the oldest and largest commercial banks in Nepal. It has played a pivotal role in the country’s economic development over the decades. With a remarkable network of 310 branches across all 77 districts of Nepal, RBBL is widely recognized as one of the most accessible banking institutions in the country. The bank’s strategic focus areas include financial inclusion, modernization, and sustainable banking practices. According to Deputy CEO Pawan Regmi, the bank is continually investing in technology-driven systems to provide efficient and customer-friendly services, making it an ideal partner for Nepal Telecom in this digital age.
Nepal Telecom (NT):
As the state-owned telecommunications giant, Nepal Telecom has been a cornerstone of Nepal’s digital and communication infrastructure. It is at the forefront of providing mobile, landline, internet, and digital services to millions of citizens across the nation. With a large workforce and a substantial number of retired staff, the company’s decision to partner with a reliable financial institution like RBBL is a crucial step towards ensuring the financial welfare of its employees.
Broader Significance of the Partnership
This agreement between RBBL and Nepal Telecom holds significance beyond the immediate financial benefits for employees. It represents a broader commitment to public sector synergy and employee welfare. The partnership leverages the strengths of both institutions to create a more efficient and beneficial service delivery model. It exemplifies:
Employee Welfare: By providing tailored financial products, the partnership addresses the specific needs of employees and retirees, helping to alleviate financial stress and secure their future.
Digital Growth: The collaboration promotes the use of technology for key functions like salary and pension disbursement, aligning with the national goal of a more digital economy.
Financial Inclusion: Extending a full suite of modern financial services to thousands of employees across the country helps to advance financial inclusion, a core objective of the government and central bank.
Public Sector Synergy: The alliance between two of the country’s most prominent state-owned enterprises sets a powerful example for other public organizations to collaborate for the betterment of their employees and the public.
Conclusion
The service agreement between Rastriya Banijya Bank Limited and Nepal Telecom is a landmark step towards a more integrated and employee-centric financial service ecosystem in Nepal. By offering specialized banking facilities, including pension and salary accounts along with simplified professional loans, the partnership guarantees that the thousands of individuals connected to the telecom sector will have secure and convenient access to essential financial services. This collaboration, which unites RBBL’s extensive branch network with Nepal Telecom’s vast workforce, showcases both institutions’ dedication to modernization, service excellence, and sustainability. It provides a powerful model for how public sector entities can work together to create real and lasting value for their employees and, by extension, for the entire community.
For More: Employee Banking Services Agreement