List of banks and financial institutions in Nepal

The concept of banking in Nepal dates back to the first half of 20th century. The first bank that was established in the country was Nepal Bank Limited (NBL). It was founded in 1937 AD. Establishment of NBL marked the beginning of an era of formal banking in Nepal. In this article, we present you the list of Banks and Financial Institutions in Nepal.

List of banks and financial institutions in Nepal

1. The Central Bank of Nepal: Nepal Rastra Bank
2. Commercial Banks (Class ‘A’ Banks)
3. Development Banks (Class ‘B’ Banks)
4. Finance Companies (Class ‘C’ Banks)
5. Micro Credits Development Banks (Class ‘D’ Banks)

1. The Central Bank of Nepal: Nepal Rastra Bank

Nepal Rastra Bank was established in 1956 AD as the Central Bank of Nepal. It is the monetary, regulatory and supervisory authority of banks and financial institutions. Key objectives of the Bank are to achieve price and balance of payments stability, manage liquidity and ensure financial stability, develop a sound payments system, and promote financial services. Dr. Chiranjibi Nepal is the current Governor of Nepal Rastra Bank. The operations of all the banks in Nepal are controlled by Nepal Rastra Bank

The following are the list of banks and financial institutions in Nepal, licensed by Nepal Rastra Bank:

2. Commercial Banks

Commercial banks are Class ‘A’ type Financial Institutions. Nepal Bank Limited (established in 1937 AD) is the first commercial bank in Nepal. Commercial banks perform all kinds of the banking business. The primary function of commercial banks is receiving deposits and lending to others. Functions of the commercial banks are; accepting deposits; advancing loan, letter of credit, guarantee, remittance, e-banking, bills etc.

These banks provide banking facility to the customer through bank branches, branchless banking service, mobile banking, internet banking, ATMs, debit cards, credit cards, etc.

As per the latest data from Nepal Rastra Bank (Jestha, 2075), at present, there are a total of 28 Commercial Banks in Nepal.

• Nepal Bank Ltd. (NBL)
• Rastriya Banijya Bank Ltd. (RBB)
• Nabil Bank Ltd. (NABIL)
• Nepal Investment Bank Ltd. (NIBL)
• Standard Chartered Bank Nepal Ltd. (SCBNL)
• Himalayan Bank Ltd. (HBL)
• Nepal SBI Bank Ltd. (NSBI)
• Nepal Bangaladesh Bank Ltd. (NBB)
• Everest Bank Ltd. (EBL)
• Bank of Kathmandu Lumbini Ltd. (BOK)
• Nepal Credit and Commerce Bank Ltd. (NCC)
• NIC ASIA Bank Ltd. (NIC)
• Machhapuchhre Bank Ltd. (MBL)
• Kumari Bank Ltd. (Kumari)
• Laxmi Bank Ltd. (Laxmi)
• Siddhartha Bank Ltd. (SBL)
• Agriculture Development Bank Ltd. (ADBNL)
• Global IME Bank Ltd. (Global)
• Citizens Bank International Ltd. (Citizens)
• Prime Commercial Bank Ltd. (Prime)
• Sunrise Bank Ltd. (Sunrise)
• NMB Bank Ltd. (NMB)
• Prabhu Bank Ltd. (PRABHU)
• Janata Bank Nepal Ltd. (Janata)
• Mega Bank Nepal Ltd. (Mega)
• Civil Bank Ltd. (Civil)
• Century Commercial Bank Ltd. (Century)
• Sanima Bank Ltd. (Sanima)

3. Development Banks

Development banks are ‘B’ type Financial Institutions. On the basis of geographical coverage and activity level, the development banks are three types and these are a) 1- 3 districts type b) 4- 10 districts type and c) national type.

As per the latest data from Nepal Rastra Bank, at present, there are a total of 33 Development Banks in Nepal.

• Mahalaxmi Bikas Bank Ltd.
• Narayani Development Bank Ltd.
• Sahayogi Bikas Bank Ltd.
• Karnali Bikash Bank Ltd.
• Sangrila Development Bank Ltd.
• Excel Development Bank Ltd.
• Western Development Bank Ltd.
• Deva Development Bank Ltd.
• Miteri Development Bank Ltd.
• Tinau Bikas Bank Ltd.
• Muktinath Bikas Bank Ltd.
• Kankai Bikas Bank Ltd.
• Bhargab Bikas Bank Ltd.
• Garima Bikas Bank Ltd.
• Om Development Bank Ltd.
• Gandaki Development Bank Ltd.
• Kabeli Bikas Bank Ltd.
• Kamana Bikas Bank Ltd.
• Corporate Development Bank Ltd.
• Purnima Bikas Bank Ltd.
• Jyoti Bikas Bank Ltd.
• Hamro Bikas Bank Ltd.
• Shine Resunga Development Bank Ltd.
• Kanchan Development Bank Ltd.
• Lumbini Bikas Bank Ltd.
• Mission Development Bank Ltd.
• Sindhu Bikas Bank Ltd.
• Sahara Bikas Bank Ltd.
• Nepal Community Development Bank Ltd.
• Kailash Bikash Bank Ltd.
• Salapa Bikash Bank Ltd.
• Saptakoshi Development Bank Ltd.
• Green Development Bank Ltd.

4. Finance Companies

Finance companies are ‘C’ type Financial Institutions. As per the latest data from Nepal Rastra Bank, at present, there are a total of 25 Finance Companies in Nepal.

• Nepal Finance Ltd.
• Nepal Share Markets and Finance Ltd.
• Gurkhas Finance Ltd.
• Goodwill Finance Ltd.
• Shree Investment & Finance Co. Ltd.
• Lalitpur Finance Co. Ltd.
• United Finance Co. Ltd. United
• General Finance Ltd.
• Progressive Finance Co. Ltd.
• Janaki Finance Co. Ltd.
• Pokhara Finance Ltd.
• Central Finance Ltd.
• Arun Finance Ltd.
• Multipurpose Finance Co. Ltd
• Synergy Finance Ltd.
• Shrijana Finance Ltd.
• World Merchant Banking & Finance Ltd.
• Capital Merchant Banking & Finance Co. Ltd.
• Crystal Finance Ltd.
• Guheshwori Merchant Banking & Finance Ltd.
• ICFC Finance Ltd.
• Kuber Merchant Finance Ltd.
• Manjushree Financial Institution Ltd.
• Jebil’s Finance Ltd.
• Reliance Finance Ltd.

5. Micro Credit Development Banks

Micro credit development banks are ‘D’ type Financial Institutions.
As per the latest data from Nepal Rastra Bank, there are a total of 63 Micro Credit Development Banks in Nepal.

• Nepal Grameen Bikas Bank Ltd.
• Nirdhan Utthan Bank Ltd.
• Rural Microfinance Development Centre Ltd.
• Deprosc Microfinance Development Bank Ltd.
• Chhimek Microfinance Development Banks Ltd.
• Swabalamban Laghu Bitta Bikas Banks Ltd.
• Sana Kisan Bikas Bank Ltd.
• Nerude Laghu Bitta Bikas Bank Ltd.
• Naya Nepal Laghu Bitta Bikas Bank Ltd.
• Summit Microfinance Development Bank Ltd.
• Sworojagar Laghu Bitta Bikas Bank Ltd
• First Microfinance Development Bank Ltd
• Nagbeli Microfinance Development Bank Ltd
• Kalika Microcredit Development Bank Ltd.
• Mirmire Microfinance Development Bank Ltd.
• Janautthan Samudayik Microfinance Dev. Bank Ltd.
• Mithila Laghu Bitta Bikas Bank Ltd.
• Womi Microfinance Bittiya Sanstha Ltd.
• Laxmi Microfinance Bittiya Sanstha Ltd.
• Civil Microfinance Bittiya Sanstha Ltd.
• Mahila Sahayatra Microfinance Bittiya Sanstha Ltd.
• Vijaya Laghubitta Bittiya Sanstha Ltd.
• Kisan Microfinance Bittiya Sanstha Ltd.
• NMB Microfinance Bittiya Sanstha Ltd.
• Forward Community Microfinance Bittiya Sanstha Ltd.
• Reliable Microfinance Bittiya Sanstha Ltd.
• Mahuli Samudyik Laghubitta Bittiya Sanstha Ltd.
• Suryodaya Laghubitta Bitiya Sanstha Ltd.
• Mero Microfinance Bittiya Sanatha Ltd.
• Samata Microfinance Bittiya Sanatha Ltd.
• RSDC Laghubitta Bitiya Sanstha Ltd.
• Samudayik Laghubitta Bitiya Sanstha Ltd.
• National Microfinance Bittiya Sanstha Ltd.
• Nepal Sewa Laghubitta Bitiya Sanstha Ltd.
• Unnati Microfinance Bittiya Sanstha Ltd.
• Swadeshi Lagubitta Bittiya Sanstha Ltd.
• NADEP Laghubitta Bittiya Sanstha Ltd.
• Support Microfinace Bittiya Sanstha Ltd.
• Arambha Microfinance Bittiya Sanstha Ltd.
• Janasewi Laghubitta Bittiya Sanstha Ltd.
• Chautari Laghubitta Bittiya Sanstha Ltd.
• Ghodighoda Laghubitta Bittiya Sanstha Ltd.
• Asha Laghubitta Bittiya Sanstha Ltd.
• Nepal Agro Microfinance Bittiya Sastha Ltd.
• Creative Laghubitta Bittiya Sastha Ltd.
• Ramaroshan Laghubitta Bittiya Sastha Ltd.
• Gurans Laghubitta Bittiya Sastha Ltd.
• Ganapati Laghubitta Bittiya Sastha Ltd.
• Infinity Microfinance Bittiya Sastha Ltd.
• Adhikhola Laghubitta Bittiya Sastha Ltd.
• Swabhiman Microfinance Bittiya Sastha Ltd.
• Sparsha Microfinance Bittiya Sastha Ltd.
• Sabaiko Microfinance Bittiya Sastha Ltd.
• Aarthik Samriddhi Laghubitta Bittiya Sanstha Ltd
• Sadhana Laghubitta Bittiya Sanstha Ltd.
• NIC Asia Laghubitta Bittiya Sanstha Ltd.
• Nagarik Laghubitta Bittiya Sanstha limited
• Sahakarya Laghubitta Bittiya Sanstha limited
• Trilok Laghubitta Bittiya Sanstha Ltd.
• Sarathi Laghubitta Bittiya Sanstha limited
• Manakamana Laghubitta Bittiya Sanstha Ltd.
• Sajeelo Laghubitta Bittiya Sanstha Ltd.
• Satyawati Laghubitta Bittiya Sanstha Ltd.

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