Definition, Importance, types, Characteristics, Advantage and Disadvantages of bank?

Nepal Rastra bank
Nepal Rastra bank

Your General Knowledge regarding Bank

Origin and Development of Banking Sector in Nepal

Background

The history of Commercial Bank in Nepal Starts from the Establishment of the Nepal Bank ltd. on Kartik 30, 1994 B.S. It is the first Commercial Bank of Nepal and prior to this, there was no such organised banking system in the country. The Bank was started with the paid up capital of 845000 rupees. The balance sheet figure of the first year of Nepal Bank ltd. was Rs.2815000. It started it's business by accepting deposits from the public by collecting Rs.1702000 in the initial year which was considered as an indication of Success. Later, the Nepal Rastra Bank was established on 2013 B.S. which has helped to make banking system more systematic and dynamic during that time.

As the time passed, the Rastriya Banijya bank was established on Magh 10, 2022 B.S. in order to play major role not only in domestic banking services but also in foreign trade. After the establishment of this bank, there was progress in the banking industry in Nepal.

What is the definition, Importance, types, characteristics, advantage and disadvantages of bank?

A bank is a financial institution which deals with the monetary activities by accepting deposits, lending to the various parties against securities and performing agency service to its clients/ customer.

The institution of formal banking sector in Nepal commenced with the established in 1937 B.S. As Nepal Bank limited.(NBL). This was the first Commercial bank and after that in 1956 by the act of 1955 Nepal Rastra Bank established. A decade after the establishment of NRB, Rastriya Banijya Bank (RBB), a commercial bank under the ownership of Formal His Majesty's Government of Nepal was Established. Thereafter, HMG/N adopted open and liberalized polices in the mid 1980s reflected by the structrucal adjustment process, which included privatization, tariff adjustments, liberalization of industrial licensing, easing of terms of foreign investment and more liberal trade and foreign exhange regime was initiated. with the adoption of liberalization policy, there has been rapid development of the domestic financial system both in terms of number of financial institutions and as ratio of financial assets to the GDP.

IN the end of july 2005, the number of A class, commercial banks was reached 17 and their branches numbered was 375. A total of 60 finance and other development banks and credit cooperatives have also been established. Total financial assets in 2004/2005 reached around 54.09 percent of GDP and the M2/GDP ratio, which shows the financial sector development of financial deepening increased from in 12.4 percent in 1975 to 50.9 percent in 2000.

As the end of January 2012 A.D. the given commercial Bank and financial institution are availabale.

  • COMMERCIAL BANK-32
  • DEVELOPMENT BANK-88
  • FINANCE COMPANIES- 70
  • MICRO CREDIT DEV. BANKS- 24
  • NGOs- 36
  • CO-OPERATIVE- 16
  • LIFE INSURANCE- 8
  • NON-LIFE INSURANCE- 16
  • NEPAL STOCK EXCHANGE-1
  • LIFE AND NON LIFE INSURANCE-1
  • REGISTERED BROKERAGE-48
  • MERCHANT BANKERS-14

Importance

· Bank provide security to the deposits of the general public and organization on one hand and pays interest on such deposits on the other and encourage saving.

· Banks provide a number of agency services to their clients/ customer

· Banks takes responsibilities for marketing the shares, debentures and other securities issued by the government.

Types of Bank in Nepal

  • · Central Bank
  • · Commercial bank
  • · Development bank

Central Bank:- The bank which holds the top most position in the banking sector and slowly energies the rights o issuing notes, managing cash and credit system, controlling foreign enchant and formulating banking policy for the development of banking sector in the interest and welfare of the public . Nepal rastra bank is the central bank of Nepal which was established in 2013 BS under Nepal rastra bank Act 2012 with 1, 00, 00,000 of authorized capital.

· The central bank of a country issues coins and paper notes which facilities in the transfer of properties.

Functions:-

· Issued of Note

· Working as the government bank

· Management of credit

· Management of foreign currency

· Development of banking system

· Development of industrial and agricultural sectors.

# Monetary policy of Nepal

http://www.nrb.org.np/ofg/policy.php?tp=monetary_policy&&vw=15

# Other Policy

http://www.nrb.org.np/ofg/policy.php?tp=other_policy&&vw=15

# Guidelines and Manuals

http://www.nrb.org.np/ofg/manuals.php?tp=manuals_guidelines&&vw=15

# Acts of Nepal Rastra Bank

http://www.nrb.org.np/lgd/acts_ordinances.php

# Rules and By laws

http://www.nrb.org.np/lgd/rules_bylaws.php


SOME INFORMATION ABOUT CENTRAL BANK OF NEPAL

Name :- Nepal Rastra Bank

Established :-1956

Vision:-To become a "Modern, dynamic, credible and effective Central Bank"

Mission:-To maintain micro-economic stability through sound and effective monetary, and foreign exchange and financial sector polices

Address

Nepal Rastra Bank
Central Office

Baluwatar
Kathmandu, Nepal
P. O. Box 73
Phones: 977 1 4410158 FREE 977 1 4410158, 4410201, 4411250
977 1 4419804 FREE 977 1 4419804, 4419805, 4419807
Fax: 977 1 4410159

Nepal Rastra Bank
Banking Office

Thapathali
Kathmandu, Nepal
Phone: 977 1 4226832 FREE 977 1 4226832, 4241557
Fax: 977 1 4227378

DISTRICT OFFICES:

Nepal Rastra Bank, Biratnagar
Morang
Nepal
Phone: 021 526522
Fax: 021 526519

Nepal Rastra Bank, Janakpur
Dhanusa
Nepal
Phone: 041 520362
Fax: 041 520302

Nepal Rastra Bank, Birgunj
Parsa
Nepal
Phone: 051 522598
Fax: 051 521902

Nepal Rastra Bank, Pokhara
Kaski
Nepal
Phone: 061 520115
Fax: 061 521561

Nepal Rastra Bank, Siddharthanagar
Rupandehi
Nepal
Phone: 071 520344
Fax: 071 520189

Nepal Rastra Bank, Nepalgunj
Banke
Nepal
Phone: 081 520683
Fax: 081 520226

Nepal Rastra Bank, Dhangadhi
Kailali
Nepal
Phone: 091 523172
Fax: 091 521322

Official website :- http://www.nrb.org.np




Commercial bank:-Commercial bank refers to that bank which accepts deposits of the public and organization, grants loan to them against securities, providing financial and technical assistance to the traders and commercial parties. As you know the first commercial bank of Nepal was Nepal bank limited, second was Nepal Rastra Bank and the third commercial bank was Nepal Arab Bank ltd (Now it is Nabil Bank) in 1984.

There are also other joint venture banks like Nepal indosuez Bank ltd.(Now called as Nepal investment Bank) Nepal Grindlays Bank ltd (now called as Standard Chartered Bank Nepal).

Function

  • -Commercial banks collect capital in terms of the deposit of the general public and mobilize to the productive fields to activate the entire economic sector.
  • -Commercial banks issue various credit instrument like cheque, bank draft, traveler’s cheque, credit cards, letter of credit etc. that assure fast and safe remittance of money.
  • -Accepting deposits
  • - current A/c
  • -Saving bank a/c
  • -Fixed deposit a/c
  • -Providing loan
  • -Serving with agency function
  • -Exchanging foreign currency
  • - Transfer of Money.
  • - Providing guarantee on the behalf of client
  • - Issuing capital

Future of Commercial Bank of Nepal

The present development and remarkable progress is not the optimum aim of the banking industry. The continuous changes which is taking place in the banking industry. The continuous changes which is taking place in the economic and financial milieu of the country, the areas needing special attention for improvement in the commercial banking sector are the following :

  • Ensuring that the banks attract quality management and service.
  • Protecting and building up their deposit base.
  • Building their capacity for creating products in different areas of operation:
  • Strengthening their ability to manage credit in a second way as well as maintaning compatibility to the privatisation, joint ventures, industrial policies of the country etc
  • Enhancing their ability for providing services as per customer needs.

In such a situation, the role of the commercial banks can not be under emphasised due to it's significant contribution in the development of nation's economy as well as it's growing importance to enter in those sectors to fulfill the demand of the customers where services are inadequately served or not reached.

#Note:- list of commercial bank of Nepal are given below in Table



Development Bank

Industrial development bank:-

The bank which is established for the development of industrial sector by providing financial, technical and administrative and other necessary assistance is known as development bank.

Function

  • · NIDC provides medium term and long term loan to the industries, against securities for the development of bank.
  • · It helps industrial enterprises in collecting capital by selling their shares and debenture to different persons and organization in capital market.
  • · It provides guarantee to the third parties the money lender bank or merchant on the behalf of its client.
  • · It also performs general banking transaction with other national and foreign banks, specially for the benefit of the industrial undertaking.
  • · It organizes industrial seminar, workshop, training etc. and assist the industrial also and govt. by providing necessary suggestion and advice for the betterment of industrial sector.

#Note:- list of Development bank of Nepal are given below in Table

Agriculture development bank (ADB)

The bank which is established for the development of agricultural sectors by imitating the modern system and methodology through financial, technical and administrative assistance is known as ADB.

Functions:-

  • · Providing agricultural products.
  • · Providing loan for farm development.
  • · Providing loan for selling agricultural products.
  • · Providing loan to the tenants.
  • · Commercial function.




List of Commercial Bank of Nepal (A Gruoup)

(click column header to sort results)
   
Name  
Head/corporate office  
operation date  
Phone and website  
1.
Nepal Bank limited
Nepal Bank Limited Dharmapath Kathmandu (Head Office) P.O.Box: 36, Kathmandu
Kartik 30,1994
Tel.: +977 1 422 2397 Fax: +977 1 422 0414, http://www.nepalbank.com.np
2.
Rastriya Banijya Bank
Central Office Singhadurbar Plaza, Kathmandu
January 23, 1966 (2022 Magh 10 BS)
Tel: (977-1) 425-2595 (977-1) 425-2595 http://rbb.com.np
3.
Agriculture Dev. Bank
Agricultural Development Bank Limited, Nepal Head Office, Ramshah Path Kathmandu, Nepal
1968
977-1-4262885/4262596 /http://www.adbl.gov.np
4.
Nabil Bank ltd.
Head Office Nabil Center Beena Marga, Durbar Marg Kathmandu, Nepal
July 1984
Tel: 01-4221718, 01-4227181, http://www.nabilbank.com
5.
Nepal investment Bank ltd.
Durbar Marg, P.O. Box: 3412 Kathmandu Nepal
1986
Telephone: (977-1) 4228229 (977-1) 4228229 http://www.nibl.com.np
6.
Standard Chartered Bank ltd
New Baneshwor, Kathmandu
1987/01/30
http://www.standardchartered.com/np
7.
Himalayan Bank ltd.
Kamaladi, P.O. Box 20590, Kathmandu, Nepal.
1993
Phone 4246218, 4246219, 4227749, 4250201//http://www.himalayanbank.com
8.
Nepal SBI Bank ltd.
Hattisar, Kathmandu, Nepal
July 7, 1993
Tel: 00-977-1-4435516 00-977-1-4435516, http://nepalsbi.com.np
9.
Nepal Bangladesh Bank ltd.
Bijuli bazar, Naya Baneshwor, ktm Nepal P.O. 9062
1994
977-01-4783975 977-01-4783975, http://www.nbbl.com.np
10.
Everest Bank ltd.
Head Office: EBL House, Lazimpath, P.O.Box 13384 Kathmandu, Nepal
1994 AD
Phone 4443377, 4443863, 4443864/http://www.everestbankltd.com
11.
Bank of Kathmandu ltd.
Bank of Kathmandu Limited, P.O. Box 9044, Kamal Pokhari, Kathmandu, Nepal
March 1995
(977 1) 4414541/http://www.bok.com.np
12.
NCC Bank ltd.
Corporate Office / Kathmandu Main Branch Bagbazar, Kathmandu, Nepal
14th October, 1996
Phone : (01) 4246991; Fax : (01) 4244610, http://www.nccbank.com.np
13.
Lumbini Bank ltd.
Pragatipath, Narayangarh, Chitwan.
1998
Phone: 977 56 524930 77 56 524930 +977 56 524930, 56 521919, , http://www.lumbinibank.com
14.
NIC Bank ltd.
279 Kamaladi Sadak, Kathmandu, Nepal P. O. Box: 7367
21st July 1998
Tel: 977 01 4262277 977 01 4262277, http://wwww.nicbank.com.np
15.
Machhapuchhre Bank ltd.
P.O. Box: 41 Naya Bazar Pokhara, Nepal
1998/2000
Tel: 977-61-530900-530900, http://www.machbank.com
16.
Kumari Bank ltd.
Durbarmarg, Kathmandu
Chaitra 21, 2057 B.S (April 03, 2001)
Phone 01-4221311, 01-4221314, http://www.kumaribank.com
17.
Laxmi Bank ltd.
Hattisar, Kathmandu, Nepal
April 2002
Tel. 014444684/685, http://laxmi.laxmibank.com
18.
Siddartha Bank ltd.
130/23, HATTISAR, Kathmandu, Nepal. PO BOX: 13806
2002/12/24
TEL: 01-4442919, 01-4442920, http://www.siddharthabank.com
19.
Global ime Bank ltd.
IME Complex, Panipokhari, Kathmandu P.O. Box: 19327, Nepal
2007/01/02
Phone No: 4002507, 4002508 , http://globalimebank.com
20.
Citizen Bank int'l limited
CITIZENS BANK INTERNATIONAL LIMITED P.O.BOX: 19681 , SHARDA SADAN KAMALADI, KATHMANDU, NEPAL
2007/06/21
4169067://ctznbank.com
21.
Prime Bank ltd.
Bira Complex, New Road, Kathmandu , Nepal
September 2007
Phone No : 4233388, http://www.primebank.com.np
22.
Bank of Asia Nepal limited
Tripureswore Kathmandu Metropolitan City - 11 P.O. Box: 11021 Nepal
12th October 2007
+ 977 1 4263212/4263218/http://www.boanepal.com
23.
Sunrise Bak ltd.
P.O. Box: 15203 Gairidhara Crossing, Kathmandu, Nepal
2007/10/12
Tel: 4004560, 4004561, 4004562, http://wwww.sunrisebank.com.np
24.
DCBL Bank ltd.
Kathmandu Plaza, First Floor, Kamaladi GPO Box: 7716, Kathmandu, Nepal
2001 AD
Phone 4168605, 4168606, 4168607, 4168608/http://www.dcbl.com.np
25.
NMB Bank ltd.
NMB Bank Limited Babarmahal. GPO Box - 11543 Kathmandu, Nepal
May 2008
Phone: 977-1-4246160
26.
Kist Bank ltd.
KIST Building Anamnagar, Kathmandu Post Box No : 8975 E.P.C. No. 5157
May 7, 2009
+977-1-4232500//http://www.kistbank.com
27.
Janata Bank ltd.
Shankhamul Marg, New Baneshwor, Kathmandu, Nepal.
2010/04/05
Tel: 977 01 4786100 http://www.janatabank.com.np
28.
Mega Bank ltd.
MEGA Bank Nepal LimitedMega Mahal, Kantipath, Nepal.
2010/07/23
Ph.: 977-1-4257711 , http://www.megabanknepal.com
29.
Commerz & Trust Bank Nepal ltd.
Tindhara Road, Kamaladi, Kathmandu. House No: 130/23 P. O. Box: 23399
2010/09/20
Phone: 4446150, 4446151, http://www.ctbanknepal.com/
30.
Civil bank ltd.
Classic Complex, Tindhara Road, Kamaladi, Kathmandu-31 P.O. Box: 9799
2010/11/26
Tel No: 4169040, 4169030,http://wwww.civilbank.com.np
31.
Century Commercial Bank ltd.
Putalisadak, Kathmandu, Nepal. Swift Code : CCBNNPKA
2011/03/10
Phone: 977-1-4445062 /www.centurybank.com.np
32.
Sanima Bank
"Alakapuri", Naxal, Kathmandu G.P.O. Box: 20394
2004 as a Development bank now got promoted on "Ka" Group Bank
Phone: +977-1- 4428977 begin_of_the_skype_highlighting FREE 977-1- 4428977, 4428979, 4428980 , http://www.sanimabank.com

NOTE

1. Standard Finance ltd. has been merged with Machapuchhre Bank ltd.

2. With Global Bank ltd., IME Financial Institution ltd. and Lord Buddha Finance ltd. has been merged with new name "Global IME Bank ltd.

LIst of Development Bank of Nepal (B Group)

 
Name
Address Corporate Office/Head office
Operation date
Phone/ Website
1.
NIDC Development Bank ltd.
Durbar marg, Kathmandu
2016/03/01 B.S. 1959/06/15 A.D
4230208, 4221641, 4222560, 4248040, http://www.nidc.org.np
2.
Siddhartha Development Bank ltd.
Tinkune, Kathmandu
1998/08/20
Phone No.: +977-01-4488480 http://www.sdbl.com.np
3.
Malika Development Bank ltd.
Dhangadhi Kailali
1998/12/19
Phone: +977-91-526590 http://www.malikabank.com
4.
Manakamna Development Bank ltd.
Durbar marg Kathmandu
2001/06/19
Phone No.: +977-1-4268719 //www.manakamanabank.com
5.
Narayani Development Bank ltd.
Ratnanagar, Chitwan
2001/10/17
Tel: 056-561258,621221, http://www.ndb.com.np
6.
United Development Bank Ltd.
Jeetpur, Bara
202/03/16
 
7.
Pashimanchal Development Bank ltd.
MItrapark, Rupendehi
2003/03/02
Phone No.: +977-071-549900 , 545603, 549899, http://www.pdbl.com.np
8.
Sahayogi Bikas Bank ltd.
Vidhyapati Chowk, Janakpurdham-4, Dhanusha, Nepal P.O. BOX : 18
2003/10/21
TEL. : 977-041- 525972/527124, EMAIL : sahayogi@jncsweb.net,info@sahayogibank.com, www.sahayogibank.com
9.
Axis Development Bank Ltd.
Banepa, Kavre
2004/01/01
 
10.
Karnali Bikash Bank ltd.
Nepalgunj, Banke
2004/02/14
Phone: 081-526014/526015, Fax: 081-526044/525986 ,http://www.kdblnepal.com
11.
Triveni Development Bank ltd.
CENTRAL BUS TERMINAL Bharatpur, Chitwan
2004/07/26
PHONE : 056-521800, 521100, FAX : 056-521135, http://www.trivenibank.com
12.
Bhrikuti Bikash Bank ltd.
Butwal -8 Traffic Chowk, Rupandehi
2004/08/19
 
13.
Suprim Development Bank Ltd.4
New Baneshwor, Kathmandu
2004/01/23
 
14.
Shubhechchha Bikas Bank ltd.
Narayangadh, chitwan
2004/09/14
 
15.
Bageshwori Bikas Bank ltd.
Surkhet Road, Dhamboji Chowk Central Office Dhamboji Chowk Nepalgunj, Nepal
2004/10/19
Ph. 977 081 526246, 523457, Fax 977 081 526346, http://www.bdbl.com.np/
16.
Gaurishankar Development Bank ltd.
Kawasoti, Nawalparasi
2004/11/29
Call us :078-540040/532, www.gaurishankarbank.com
17.
Gorkha bikas bank ltd.
Triveni Complex, Putalisadak G.P.O. Box 5617 Kathmandu, Nepal
2004/12/01
Phone : (977) -1- 4255650, 4255182 , http://www.gurkhabank.com
18.
Gandakli Bikash Bank ltd.
New Road, Pokhara - 09,Nepal
2005/01/19
Phone No. : 061-540460, 540466, http://www.gandakibank.com.np
19.
Infrastructure Development Bank ltd.
Khichapokhari, Kathmadu
2005/04/29
Tel:, 661462, 660578 , http://www.idbank.com.np
20.
Business Development Bank ltd.
Anamnagar, Kathmandu
2005/05/10
Telephone # 977 61 540725 , 540725 531133 Fax # 977 61 540724,, http://www.bdbank.com.np
21.
Biratlaxmi Bikas Bank ltd.
Himalaya Road, Biratnagar-14
2005/05/11
Ph No: +977-21-538051 / 538052
22.
Excel Development Bank ltd.
Mukti Chowk, Anarmani-3 Birtamod ,Jhapa Nepal
2005/07/21
Phone: , 023-543714 Fax: 023-543563, http://www.edb.com.np
23.
Western Development Bank ltd.
Ghorahi, Dang
2005/09/15
 
24.
H.& B. Development Bank ltd.
PO Box No. 2755 Kamaladi, Kathmandu(Nepal) 4th Floor, Kamaladi Complex
2011/06/15
Phone:- 00977-01-4222730/4222670 Fax:- 00977-01-4222882, http://www.hnbdevbank.com
25.
Arniko Development Bank ltd.
Bus Stop, Dhulikhel Municipality-6, Kavrepalanchowk, Nepal
2006/07/06
Tel: 977-011-490193 -490193 490195 Fax: 977-011-490195-105, http://www.aranikobank.com
26.
NDEP Development Bank ltd.
First Floor, Kamaladi Complex Kamaladi, Kathmandu
2006/07/11
Tel. : 01-4242272, 4242553 Fax: 01-4251653, http://www.ndepbank.com
27.
Clean Energy Development Bank ltd.
Sitapaila Chowk, Ringroad, Kathmandu PO Box: 24773
2006/09/06
Tel. 4671444 / 4671666 Fax. 4277013, http://www.cedbl.com
28.
MIteri Development Bank ltd.
MahendraPath-5, Dharan, Sunsari
2006/10/13
025-531317 / 025-533505, http://www.miteribank.com.np
29.
Tinau Bikas Bank ltd.
Tinau Development Bank Limited Hospital Line, Butwal - 8, Rupandehi, Nepal
2006/12/18
Phone No. +977-71-545576 , 545205 Fax No. +977-71-542812, http://www.tinaubank.com
30.
Rising Development Bank ltd.
Shaheed Chowk, Narayangarh Phone No:+977-056-533875/533876/Gaindakot-2, Nawalparasi Phone No: +977-056-502500/501850
2006/12/18
http://risingbank.com.np
31.
Muktinath Bikas Bank ltd.
Prithivechowk, Pokhara
2007/02/25
Phone: +977-061- 522786 , 522787, 537952 Fax: +977-061-537952, 520475, http://www.muktinathbank.com.np
32.
Sewa Bikas Bank ltd.
Butwal 8, Puspalal Park , Rupendehi
2007/02/25
Phone: +977-071-546993 _977-071-546993, 546994, http://www.sewabank.com.np
33.
Kankai Bikas Bank ltd.
Damak, Jhapa
2007/05/04
 
34.
Public Development Bank ltd.
Adarshnagar, Birgunj, Nepal P.O. Box No. 33
2007/06/07
Tel: +977-51-527822 , 527833 Mob: +977-51-527822 , http://pdbankltd.com
35.
Ace Development Bank ltd.
Narayan Chour, Naxal, Kathmandu, P.O. Box. 13383
2007/08/15
Tel: 4441110, http://www.ace.com.np
36.
Mahakali Bikas Bank Ltd.
Mahendranagar, Kanchanpur
2007/08/18
 
37
Sangrila Bikas Bank ltd.
Newroad Pokhara, Kaski
2007/08/26
Tel: +977-61-523715 / 523716 / 523717 / 541215 / 539271, www.shangrilabank.com
38.
Bhargab Bikas Bank Ltd.
Surkhet Road,Nepalgunj, Banke, Post Box No: 85
2007/08/30
Phone: 521027, 525037, http://bhargavbank.com.np
39.
Resunga Bikas Bank ltd.
Tamghas, Gulmi
2007/09/26
 
40.
Kamana Bikas Bank Ltd.
Lekhnath-7, Kaski
2007/09/29
Phone : 061-560300 ,560700, http://www.kamanabank.com.np
41.
Diyalo Bikas Bank ltd.
Banepa 8, Kavre
2007/10/01
Phone : 011 661215 / 660702,, http://www.diyalobank.com/
42.
Country Development Bank ltd.
Banepa 10, Kavre POB 15111 Kathmandu GPO Nepal
2007/10/04
Tel : 011-660701 / 660711, http://www.cdbank.com.np
43.
Vibor Bikas Bank Ltd.
Tripureswor, Kathmandu, Nepal P.O Box: 20700
2007/10/04
Tel: 01 4233373/77/68, http://www.viborbank.com
44.
Alpine Development Bank ltd.
MAIN ROAD HETAUDA-4 MAKWANPUR DISTRICT NARAYANI ZONE
2007/10/05
PHONE : 057524674,524682, http://www.alpinedevbank.com.np
45.
Rara Bikas Bank Ltd.
Birendranagar, Surkhet
2007/09/30
083-523500, http://www.rdbl.com.np
46.
Nilgiri Bikas Bank ltd.
 
 
 
47.
Kasthamandap Development Bank ltd.
P.O. Box 11844, Pako, New Road, Kathmandu,Nepal
2007/10/25
Tel: 977 14258400, http://www.kdbl.com.np
48.
Corporate Development Bank ltd.
Adarshnagar, Main Road Birgunj - 13, Parsa Nepal
2007/10/25
Phone:- 977-51-531031, http://www.corporatebank.com.np
49.
Professional Bikas Bank Ltd.
Banepa, Kavre
2007/10/17
http://www.profbbl.com/
50.
City Development Bank ltd.
Pokhara, Kaski
2007/10/19
http://www.citybanknepal.com
51.
Biswo Bikas Bank ltd.
Chipledhunga (B.P. Chowk), Pokhara, Nepal
2007/11/21
Phone: +977-061-528001 , 528002, www.bbbank.com.np
52.
Pathibhara Bikas Bank Ltd.
Urlabari-2,Morang
2007/11/21
Phone : 021-540702,540703, http://pbb.com.np
53.
Garima Bikas Bank Ltd.
MahendraPul Pokhara Mahendrapul, Pokhara -9
2007/11/23
Phone : +977-061-533694 ,http://www.garimabank.com.np/
54.
Kabeli Bikas Bank ltd.
Hulaktole, Dhankuta
2007/11/15
 
55.
Purnima Biksa Bank ltd.
Siddharthanagar, Rupandehi
2008/05/20
 
56.
Jyoti Bikas Bank ltd.
Kamaladi, Kathmandu
2008/08/25
Hunting Line : 01-4411116, 01-4427550, http://www.jbbl.com.np
57.
Shine Development Bank ltd.
Siddhartha Road, Butwal-8, Rupandehi
2009/02/22
Ph.: 071-551500, http://www.shinebank.com.np
58.
Bagmati Development Bank ltd.
Hariwon, Sarlahi
2009/03/23
 
59.
Hamro Bikas Bank ltd.
Bidur - 3, Battar, Nuwakot
2009/04/19
Phone No : 010561777/778, http://hamrobank.com
60.
Kakre Bihar Bikas Bank ltd.
Birendranagar, Surkhet
2009/05/15
 
61.
Pacific Development Bank ltd.
BesiShahar,Narayanthan-1, Lamjung
2009/07/26
Phone No.: 066-520789, 520795
62.
Civic Development Bank ltd.
Neelkantha VDC-5, Sugam Tole, Dhading Besi, Dhading
2009/08/13
Phone No.: 010-520704, 521092, http://www.cdbl.com.np
63.
Inrenational Development Bank ltd.
Ambe Complex Teku, Kathmandu
2009/09/04
Tel: 01-4212814, 01-4215312, http://www.internationalbank.com.np
64.
Gullmi Bikas Bank ltd.
Tamghas, Gulmi
2009/09/24
 
65.
Kanchan Development Bank ltd.
Bhimdatta Municipality, Ward No.- 4, Kanchanpur, Nepal
2009/09/19
Phone: +977-99-520265 , 520266, http://www.kanchanbank.com.np/
66.
Bright Development Bank ltd.
Panauti - 5, Kavre, Nepal P.O.Box No: 19505, Kathmandu
2009/10/08
Phone: +977 - 11 - 440682 , 440683, http://www.brightbank.com.np
67.
Matribhumi Bikas Bank Ltd.
Kamalamai Municipality-6,Sindhuli
2009/10/09
Telephone: 047-520625, http://mbdbl.com.np
68.
Innovative Development Bank ltd.
SIDDHARTHNAGAR-5, RUPENDEHI, BHAIRAHAWA
2009/11/13
Phone:071-526301,526302, http://www.innovativedevelopmentbank.com
69.
Jhimruk Bikas Bank ltd.
Bagdula,Pyuthan
2009/12/14
 
70.
Metro Development Bank ltd.
Newroad, Pokhara-9
2009/12/16
Phone : 061-526347, http://www.metrodevbank.com.np
71.
Rapti Bheri Bikas Bank ltd.
Nepalgunj, Banke
2010/01/15
 
72.
Gaumukhi BIkas Bank ltd.
Bijuwar, Pyuthan
2010/01/25
 
73.
Nepal Counsumer Development Bank ltd.
Sabhagriha Chowk, New road, Pokhara
2010/02/05
Phone: 061-539406, 061-537881, http://www.nconsumerbank.com
74.
Khandbari Development Bank ltd.
Khandbari, Sankhuwasava
2010/03/05
 
75.
Tourism Development Bank ltd.
Saraswati Sadan 29,Thamel, Kathmandu,
2010/03/18
Tel : 977-01-4701357, 01-4701358, 01-4701359, http://tdbl.com.np
76.
Mission Development Bank ltd.
Butwal-8 Durgamandir line Rupandehi, Lumbini, Nepal
2010/06/15
Ph. no.: +977-071-551586/87, http://www.missionbanknepal.com.np
77.
Surya Development Bank ltd.
Charikot, Dolkha
2010/07/18
 
78.
Mount Makalu Development Bank ltd.
JiriKhimti, Terathum
2010/07/21
Phone No.: 026-0630125, http://mmdbank.com
79.
Sindhu Bikas Bank Ltd.
Barhabise Bazar, Barhabise
2010/09/09
Tel: 011-489245, 489246, http://www.sindhubikashbank.com.np
80.
Social Development Bank Ltd.
Narayanchaur, Naxal, Kathmandu, Nepal P.O.B:23400
2010/10/12
T: 01-4424685, 4424686 , http://socialbank.com.np
81.
Sahara Bikas Bank ltd.
Thesahara Complex Building (First Floor) Near Bus Stand, Malangwa-9, Sarlahi, Nepal
2010/10/27
Tel: +977-046-521471 , http://www.saharabikashbank.com/
82.
Nepal Community Development Ban ltd.
Butwal, Rupendehi
2010/11/03
http://www.ncdbank.com
83.
Cosmos Development Bank ltd.
Gorkhabazar, Gorkha
2010/11/17
 
84.
Manasalu Development Bank ltd.
Gorkha Municipality -1, Buspark, Gorkha
2010/12/14
Phone no.: 064-421540/421541, http://www.manaslubank.com.np
85.
Samabridhi Development Bank ltd.
Gajuri,Dhading
2010/12/31
Phone: 010-402088/402330, http://www.sbbl.com.np
86.
Ekata Development Bank
Pushpalal park, Butwal-8, Rupandehi
2011/10/24
Ph: 071-550556, 550557, http://ekatabank.com
87.
Kalinchowk Development Bank
Charikot, Dolkha
2012/02/15
 
88.
Kailsh Bikash Bank Ltd.
Putalisadak,Newplaza,Kathmandu
2012/02/24
Phone: 01-4443034(hunting Line), 01-4432139,01-4422724, http://www.kailashbank.com
 
 
 
 
 

NOTE

1. Uddyam Development Bank Ltd. is now merged with Pashupati Bikash Bank Ltd. and changed the name.

2. Shikhar Finance Co. Ltd. is merged with Kastamandap Deveploment Bank Ltd. 8 .Upgraded from 'C' class Financial Institution , Annapurna Finance Co. Ltd.

3. Universal Finance Co.Ltd. is merged with Business Development Bank Ltd. and changed the name.

4. Swostik Merchant Finance Company Ltd. is merged with Infrastructure Development Bank Ltd.

5. Suryadarshan Finance Co. Ltd. is merged with Annapurna Development Bank Ltd. and changed the name.

Finance Company "C" Class

S.no
Finance Company
Operation Date (A.D.)
Head Office
1.
Nepal Aawas Finance Co.
1992/03/08
Bijulibazar, Kathmandu
2.
Nepal Finance ltd.
1993/01/06
Kamaladi, Kathmandu
3.
N.I.D.C. Capital Markets ltd.
1993/03/11
Kamalpokhari, Kathmandu
4.
Narayani National Finance ltd.
2009/11/01
Kalikasthan, Kathmandu
5.
Nepal share Markets and Finance ltd.
1993/10/19
Ramshahapath, Kathmandu
6.
Peoples Finance Ltd.
1993/04/15
Mahabauddha, Kathmandu
7.
Mercantile Finance Co. ltd.
1994/11/10
Birgunj, Parsa
8.
Kathmandu Finace ltd.
1994/11/10
Dillibazar, Kathmandu
9.
Himalaya Finance Ltd.
1993/11/11
Sundhara, Kathmandu
10.
Union Finace co.
1995/12/12
Kamaladi,Kathmandu
11.
Gorkha Finance ltd.
1995/03/12
Hattisar, Kathmandu
12.
Paschhimanchal Finance Co.Ltd.
1995/04/09
Butawal, Rupandehi
13.
Nepal Housing & Merchant Finance Ltd.
1995/04/11
Dillibazar, Kathmandu
14.
Samjhana Finance Co. Ltd.( In the process of liquidatio
1995/05/03
Banepa, Kavre
15.
Goodwill Finance Ltd.
1995/05/16
Dillibazaar, Kathmandu
16.
Siddhartha Finance Ltd.
1995/05/25
Siddarthanagar, Rupandehi
17.
Shree Investment & Finance Co. Ltd.
1995/06/01
Dillibazar, Kathmandu
18.
Lumbini Finance & Leasing Co. Ltd.
1995/06/26
Thamel, Kathmandu
19.
Yeti Finance Ltd.
1995/07/23
Hetauda, Makawanpur
20.
International Leasing & Finance Co. Ltd.
1995/10/31
Naya Baneshwor, Kathmandu
21.
Mahalaxmi Finance Ltd.
1995/11/26
Putalisadak, Kathmandu
22.
Lalitpur Finance Co. Ltd.
1995/12/12
Lagankhel, Lalitpur
23.
Bhajuratna Finance & Saving Co. Ltd.
1996/01/09
Kantipath, Kathmandu
24.
United Finance Co. Ltd.
1996/1/25
Durbarmarg, Kathmandu
25.
General Finance Ltd.
1996/02/02
Chabahil, Kathmandu
26.
Progressive Finance Co. Ltd.
1996/01/02
Newroad, Kathmandu
27.
Alpic Everest Finance Ltd.
1996/07/16
Kathmandu Mall, Kathmandu
28.
Nava Durga Finance Co.Ltd.
1997/02/09
Itachhe, Bhaktapur
29.
Janaki Finance Co. Ltd.
1997/03/07
Janakpurdham, Dhanusha
30.
Pokhara Finance Ltd.
1997/03/16
Pokhara, Kaski
31.
Central Finance Ltd.
1997/04/14
Kupondole, Lalitpur
32.
Premier Finance Co. Ltd.
1997/05/08
Kumaripati, Lalitpur
33.
Arun Finance Ltd.
1997/08/17
Dharan, Sunsari
34.
Multipurpose Finance Co. Ltd
1998/03/25
Rajbiraj, Saptari
35.
Butwal Finance Ltd.
1998/06/21
Butawal, Rupandehi
36.
Shrijana Finance Ltd.
1999/12/14
Biratnagar, Morang
37.
Om Finance Ltd.
2000/09/17
Pokhara, Kaski
38.
CMB Finance Ltd.
2000/11/20
Kamalashhi, Kathmandu
39.
World Merchant Banking & Finance Ltd.
2001/08/10
Hetauda, Makawanpur
40.
Capital Merchant Banking & Finance Co. Ltd.
2002/02/01
Battisputali, Kathmandu
41.
Crystal Finance Ltd.
2002/02/13
Thapathali, Kathmandu
42.
Royal Merchant Banking & Finance Ltd.
2002/02/14
Durbarmarg, Kathmandu
43.
Guheshwori Merchant Banking & Finance Ltd.
2002/06/13
Pulchowk, Lalitpur
44.
Patan Finance Co. Ltd.
2002/06/23
Pulchowk, Lalitpur
45.
Fewa Finance Ltd.
2003/04/30
Pokhara, Kaski
46.
Everest Finance Ltd.
2003/07/02
Siddharthanagar, Rupandehi
47.
Prudential Finance Company Ltd
2003/06/06
Dillibazar, Kathmandu
48.
ICFC Finance Ltd.
2003/06/15
Bhatbhateni, Kathmandu
49.
Sagarmatha Merchant Banking and Finance Ltd.
2005/08/29
Maanvawan,Lalitpur
50.
Civil Merchant Bittiya Sanstha Ltd.
2005/09/18
Kuleshwor,Kathmandu
51.
Prabhu Finance Co. Ltd.
2006/02/16
Lainchur,Kathmandu
52.
Imperial Finance Ltd.
2006/03/08
Thapathali,Kathmandu
53.
Kuber Merchant Finance Ltd.
2006/03/24
Kamalpokhari, Kathmandu
54.
Nepal Express Finance Ltd.
2006/05/04
Sundhara, Kathmandu
55.
Valley Finance Ltd.
2006/05/11
Maharajgunj,Kathmandu
56.
Seti Bittiya Sanstha Ltd.
2006/06/07
Tikapur, Kailali
57.
Hama Merchant & Finance Ltd.
2006/06/16
Tripureshwor, Kathmandu
58.
Reliable Finance Ltd.
2006/09/06
Sundhara, Kathmandu
59.
Api Finance Ltd.
2007/04/25
Pokhara, Kaski
60.
Nameste Bitiya Sanstha Ltd..
2007/07/07
Ghorai, Dang
61.
Kaski Finance Ltd.
2007/07/30
Pokhara, Kaski
62.
Zenith Finance Ltd.
2007/10/08
Newroad, Kathmandu
63.
Unique Financial Institution Ltd.
2007/10/12
Putalisadak, Kathmandu
64.
Manjushree Financial Institution Ltd.
2007/10/15
New Baneshor, Kathmandu
65.
Subhalaxmi Finance Ltd.
2007/11/11
Naxal, Kathmandu
66.
Jebil's Finance Ltd.
2009/10/28
New Road, Kathmandu
67.
Reliance Finance Ltd.
2009/12/03
Pradarsani Marg, Kathmandu
68.
Lotus Investment Finance Ltd.
2010/04/11
Newroad, Kathmandu
69.
Baibhab Finance Ltd.
2011/01/24
Naya Baneshwor , Kathmandu
70.
Bhaktapur Finance Ltd.
2011/02/08
Chyamsing ,Bhaktapur

Micro finance Development company "D"class

S.no.
Name of Bank
Operation Date
Headoffice
1.
Purbanchal Grameen Bikas Bank Ltd.
1993/03/28
Biratnagar, Morang
2.
Sudur Pashimanchall Grameen Bikas Bank Ltd.
1993/03/28
Dhangadhi, Kailali
3.
Pashimanchall Grameen Bikas Bank Ltd.
1995/04/01
Butawal, Rupandehi
4.
Madhya Pashimanchal Grameen Bikas Bank Ltd.
1995/04/01
Nepalgunj, Banke
5.
Madhymanchall Grameen Bikas Bank Ltd.
1996/07/08
Janakpur, Dhanusha
6.
Nirdhan Utthan Bank Ltd.
1999/04/13
Siddharthanagar, Rupandehi
7.
Rural Microfinance Development Centre Ltd.
1996/12/06
Putalisadak, Kathmandu
8.
Deprosc Microfinance Development Bank Ltd.
2001/07/03
Ratnanagar, Chitwan
9.
Chhimek Microfinance Development Banks Ltd.
2001/12/10
Hetauda ,Makawanpur
10.
Shawalamban Laghu Bitta Bikas Banks Ltd.
2002/02/22
Janakpur, Dhanusha
11.
Sana Kisan Bikas Bank Ltd.
2002/03/11
Subidhanagar, Kathmandu
12.
Nerude Laghu Bitta Bikas Bank Ltd.
2007/06/07
Biratnagar, Morang
13.
Naya Nepal Laghu Bitta Bikas Bank Ltd.
2009/03/20
Dhulekhel, Kavrepalanchock
14.
Summit Microfinance Development Bank Ltd
2009/05/20
Anarmani, Jhapa
15.
Sworojagar Laghu Bitta Bikas Bank Ltd
2009/12/1
Banepa, Kavre
16.
Frist Microfinance Development Bank Ltd
2009/12/28
Gyaneshwor, Kathmandu
17.
Nagbeli Microfinance Development Bank Ltd
2010/02/04
Anarmani, Jhapa
18.
Kalika Microcredit Development Bank Ltd.
2010/07/21
Waling, Syanja
19.
Mirmire Microfinance Development Bank Ltd.
2010/09/23
Banepa, Kavre
20.
Janautthan Samudayik Microfinance Dev. Bank Ltd.
2010/11/09
Butwal, Rupandehi
21.
Mithila Laghu Bitta Bikas Bank Ltd.
2009/04/29
Dhalkebar,Dhanusha
22.
Womi Microfinance Bittiya Sanstha Ltd.
2012/03/08
Khanikhola, Dhading
23.
Laxmi Microfinance Bittiya Sanstha Ltd.
2012/06/04
Nayabaneshwor, Kathmandu
24.
ILFCO Microfinance Bittiya Sanstha Ltd.
2012/07/05
Chuchepati , Kathmandu

Limited Banking- Saving and Credit Co-operatives

S.no.
Name
Operation Date
Headoffice
1.
Shree Nabajivan Co-operative Ltd.
1993/12/15
Dhangadi, Kailali
2.
Sagun Co-operative Society Ltd.
1994/10/9
Kathamandu
3.
Nepal Co-operative Society Ltd.
1994/12/30
Kathamandu
4.
The Sahara Loan,Savings Co-op.Soc. Ltd.
1995/04/15
Sarlahi , Malangwa
5.
Bindabasini Saving & Credit Co-operative Society Ltd.
1995/06/21
Khopasi, Kavre
6.
Mahila Co-operative Society Ltd.
1995/09/27
Kathmandu
7.
Nepal Bahooddeshya Co-operative Society Ltd.
1995/12/25
Jhapa
8.
Sahakari Bittiya Sanstha Ltd.
1996/6/16
Nepalgunj, Banke
9.
Shree Manakamana Sahakari Sanstha Ltd.
1997/02/18
Banepa, Kavre
10.
Very Co-operative Sanstha Ltd.
1997/12/25
Nepalgunj, Banke
11.
Viccu Saving & Loan Co-operative Sanstha Ltd.
1997/02/18
Gaidakot, Nawalparasi
12.
Kisan Bahoo-uddesyiya Co-op. Sanstha Ltd.
1997/08/11
Lamki,Kailali
13.
Himalaya Co-operative Ltd.
1998/12/29
Old Baneshowar, Kathmandu
14.
Star Bahoo-Uddesyiya Saving & Credit Co-op Ltd.
1998/02/13
Biratnagar, Morang
15.
Upakar Savings & Credit Co-operative So. Ltd.
1998/04/14
Walling, Sanja
16.
Rastriya Sahakari Bank Ltd.
2010/08/17
Baneshwor, Kathmandu

Past governor of Nepal

S.no
Governer
1.
Himalayashemsher Jabara
2.
Laxminath Gautam
3.
Praghumnalal Rajbhandari
4.
Dr. Bhesbahadur Thapa
5.
Pushkar Nath Panta
6.
Yadav prasad panta
7.
Kulshekhar Sharma
8.
Kalyan bikram Adhikari
9.
Ganesh Bahadur Thapa
10.
Harishankar Tripathi
11.
Satyendra Pyara Shrestha
12.
Dr. Tilak Rawal
13.
Dipendra Purush Dhakal
14.
Bijay nath Bhattrai
15.
Tilak rawal
16.
Krishana bahadur Manandhar
17.
Dipendra Bahadur chettri
18.
Dr. Yuba Raj Khatiwada

Central Bank of World

Country
Bank
 
Argentina-
Banco Central DE Le Republica Argentina
 
Australia
Reserved Bank of Australia
 
England
Bank of England
 
Egypt
Central Bank of Egypt
 
Iraq
Central Bank of Iraq
 
Iran
Central Bank of Iran
 
Indonesia
Bank Negara Indonesia
 
Israel
Bank of Israel
 
Italy
Banco d'italia
 
Qatar
Qatar National Bank
 
Kuwait
The central Bank of Kuwait
 
Kenya
Central Bank of Kenya
 
Canada
Bank of Canada
 
Cuba
Banco National de cuba
 
China
People's Bank of China
 
Germany
Deusche Bundesbank
 
Japan
The Bank of Japan
 
Ziimbabwe
Reserved Bank of Zimbabwe
 
Denmark
Denmark's National Bank
 
Thailand
The Bank of Thailand
 
South Africa
South Africa Reserved Bank
 
South Korea
Bank of Korea
 
Nigeria
Central Bank of Nigeria
 
Nepal
Nepal Rastra Bank
 
Netherlands
Bank Van De Nedarlan Antilleds
 
New zeland
The Reserved Bank of New-zeland
 
Pakistan
State Bank of Pakistan
 
Poaland
National Bank of Poland
 
France
Banque de france
 
Philippines
Central Bank of Phiplippines
 
Bangladesh
Bangladesh bank
 
Brazil
Banco Central de Brazil
 
Brunei
National Bank of Brunei
 
Bhutan
Royal Monetary Authority
 
Malaysia
Bank Negara Tanah Melayu
 
Maldives
Maldives Monetary Authority
 
Mexico
Banco de Mexico
 
Russia
Gos Bank Russia
 
Lebanon
Banque du liban
 
United Arab Emirates
United Arab Emirates Central Bank
 
United States of America
Federal Resereve Bank
 
Saudi Arabia
Saudi Arabian Monetary Agency
 
Singapore
Monetary Authority of Singapore
 
Spain
Banco de Espana
 
Switzerland
Swiss National Bank
 
Sweden
Bank fo sweden
 
Sri-lanka
 
 

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Comments 15 comments

farrah 6 years ago

that is never good


DavidLivingston 6 years ago

Very interesting....


mico 5 years ago

good info on banks!


nafisa 5 years ago

information is too short


Olamide 4 years ago

Which place u people are spending our money to pls can u tell us


Ron 4 years ago

This is a fantastic hub!

Ron from Fitness http://www.intervalstraining.net


nitishchaudhary profile image

nitishchaudhary 4 years ago from Nepal Author

if you don't get what you were searching than do write what u want i will try to get that. thank you


Praveen 4 years ago

lovely notes on bank thak you.


Sikandar Singh 4 years ago

I want the every details about "The sahara Loan saving co operative organization, Sarlahi Malangwa


punam 3 years ago

thank u very much for providing this information.


roshani 3 years ago

information is too short


Anil Niroula, Singiya-6-lalpur, "Sunsari" 2 years ago

only limited information are provided...and not updated information too.

e.g, no. of commercial bank in nepal is 31 not 32


Ram 2 years ago

thank you.it really help me.


Manidipa 2 years ago

Liked the definition, functions,etc. for my project. good info. about banks in Nepal.


supriya 2 years ago

Plz can you provide me the information on cooperatives for an internship report.

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