Bank guarantees are written obligations of the issuing bank to pay a sum on to a beneficiary on behalf of its members in the event that the members themselves do not pay the beneficiary
NCBLNational Cooperative Bank Limited (NCBL) was established in 2003, as the only bank in the cooperative movement of Nepal at national level, in exercise of the power conferred by the sub-section 4 of section 26 under the then prevailing Cooperative Act, 1992 (first amendment, 2000) and from the recommendation of Nepal Rastra bank (Central bank of Nepal) as an umbrella institution to provide banking and financial services to all its member cooperatives following the long and continuous demand and efforts of cooperators
Cooperative Standardization Program
The member co-operative unions/institutions of the bank are engaged in the development and operation of co-operative stratification programmes for institutional development and strengthening
NCBL within its long term strategic direction has developed a Regular Member Counselling Program that typically aims to give extra support to the cooperatives in wide array of cooperative education
