March 22: Muktinath Bikas Bank and Mahalaxmi Life Insurance Limited signed a banccasurance agreement amidst a programme on Thursday, March 21.

Issuing a press statement, the bank said that it will sell insurance packages of Mahalaxmi Life Insurance Limited and provide bancassurance services through its 120 branches across Nepal.

The agreement was signed by Til Bahadur Gurung, acting CEO of Muktinath Bikas Bank, and Kamal Panthi, deputy CEO of Mahalaxmi Life Insurance Limited.