Nepalgunj, May 27: Nepal Rastra Bank governor Dr Tilak Rawal inaugurated Nepal Bangladesh Bank’s Nepalgunj branch office here Friday.

Speaking on the occasion, Dr Rawal said financial institutions and banks in the country should work towards economic development by investing in hydel projects, industry and trade.

He also expressed confidence that the newly established bank branch would help develop industry and trade in the region.

Chairman of Nepal Bangladesh Bank Board of Directors Ram Lal Shrestha said the new branch has been established as per the bank’s target of providing bank services using modern technology in all the five development regions of the country.

Nepalgunj mayor Dhawal Shumsher Rana, acting chief district officer Balkrishna Panthi and ex-chairman of the bank Jit Bahadur Shrestha also expressed their views at the function chaired by vice-president of Nepalgunj Chamber of Commerce and Industry Sunil Kumar Sharma.

The bank is to expand its services to Biratnagar, Dharan and Pokhara also in the near future.

Meanwhile, in another RSS news received from Syanja, deputy governor of Nepal Rastra Bank Rambabu pant inaugurated Upakar Savings and Loans Cooperative set up For Carrying out financial transactions within Waling municipality.

On the occasion, Mr Pant said the cooperative had been given permission with the conviction that it could serve the rural people.

A host of speakers including Syangja DDC chairman Ram Bahadur Thapa and Waling mayor Bhojraj Aryal expressed confidence that the cooperative would provide reliable services to its clients.