Kumari Bank Limited (KBL) and Bank of Kathmandu (BOK) have signed an agreement to provide remittance service, Kumari Remit , which is the remittance business of KBL.

According to the agreement, BoK will provide Kumari Remit service from its network of 50 branches. Uday K Upadhyay, acting CEO of KBL, and Prabin Prakash Chettri, COO of BOK, signed the agreement. "KBL has been providing inward remittance from Qatar, UAE, Malaysia, USA, Russia and other Gulf and European countries," the statement said.