Banks in Nepal play an important role in the country’s economy by providing financial services to individuals, businesses and the government. Here are some highlights about banks in Nepal:
Legislation: The banking sector of Nepal is regulated and supervised by the Central Bank of Nepal, Nepal Rastra Bank (NRB). The NRB formulates and implements monetary policy, regulates and supervises banks and financial institutions, and ensures the stability of the banking system
Banks: Nepal has a variety of banks including commercial banks, development banks and finance companies. Commercial banks offer a wide range of banking services to the public and corporations. Development banks focus on providing financial services to specific sectors such as agriculture, industry and tourism. Financial companies provide financial services such as loans, leases and business purchases.
Services: Banks in Nepal provide various services such as savings and current accounts, loans, remittance services, foreign currency deposits and also online banking They also provide specialized services such as business banking, banking a they provide investment and advisory services.
Branching: Banks have a wide branch network in Nepal, especially in urban and semi-urban areas. These networks contribute to increased financial inclusion and access to banking services for the general public.
Challenges: The banking industry in Nepal faces challenges such as technological advancement, risk management, compliance and competition. Banks are adopting more and more technology to improve their services and operations.
Future Outlook: The banking sector in Nepal is expected to grow as the economy expands and modernizes. The government and regulatory authorities are also taking steps to strengthen the banking sector and improve financial stability.
Overall, banks in Nepal play a vital role in the country's economy and are continuously evolving to meet the changing needs of the market and customers.
List of Commercial Banks (Class 'A') in Nepal
Central Bank (рдХेрди्рдж्рд░ीрдп рдмैँрдХ)- Nepal Rastra Bank (рдиेрдкाрд▓ рд░ाрд╖्рдЯ्рд░ рдмैँрдХ)
Commercial Banks (Class 'A') рдХрдорд░्рд╕िрдпрд▓ рдмैँрдХ ('рдХ' рд╡рд░्рдЧ)- Agriculture Development Bank Limited (рдХृрд╖ि рд╡िрдХाрд╕ рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Citizens Bank International Limited (рд╕िрдЯीрдЬрди्рд╕् рдмैрдЩ्рдХ рдЗрди्рдЯрд░्рдиेрд╢рдирд▓ рд▓िрдоिрдЯेрдб)
- Everest Bank Limited (рдПрднрд░ेрд╕्рдЯ рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Global IME Bank Limited (рдЧ्рд▓ोрдмрд▓ рдЖрдИрдПрдордИ рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Himalayan Bank Limited (рд╣िрдоाрд▓рдпрди рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Kumari Bank Limited (рдХुрдоाрд░ी рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Laxmi Sunrise Bank Limited (рд▓рдХ्рд╖्рдоी рд╕рдирд░ाрдЗрдЬ рдмैंрдХ рд▓िрдоिрдЯेрдб)
- Machhapuchhre Bank Limited (рдоाрдЫाрдкुрдЪ्рдЫ्рд░े рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Nabil Bank Limited (рдирдмिрд▓ рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Nepal Bank Limited (рдиेрдкाрд▓ рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Nepal Investment Mega Bank Limited (рдиेрдкाрд▓ рдЗрди्рднेрд╕्рдЯрдоेрди्рдЯ рдоेрдЧा рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Nepal SBI Bank Limited (рдиेрдкाрд▓ рдПрд╕.рдмी.рдЖрдИ. рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- NIC Asia Bank Limited (рдПрди.рдЖрдИ.рд╕ि. рдПрд╢िрдпा рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- NMB Bank Limited (рдПрдирдПрдордмी рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Prabhu Bank Limited (рдк्рд░рднू рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Prime Commercial Bank Limited (рдк्рд░ाрдЗрдо рдХॉрдорд░्рд╢िрдЕрд▓ рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Rastriya Banijya Bank Limited (рд░ाрд╖्рдЯ्рд░ीрдп рд╡ाрдгिрдЬ्рдп рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Sanima Bank Limited (рд╕ाрдиिрдоा рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Siddhartha Bank Limited (рд╕िрдж्рдзाрд░्рде рдмैрдЩ्рдХ рд▓िрдоिрдЯेрдб)
- Standard Chartered Bank Nepal Limited (рд╕्рдЯ्рдпाрдг्рдбрд░्рдб рдЪाрд░्рдЯрд░्рдб рдмैрдЩ्рдХ рдиेрдкाрд▓ рд▓िрдоिрдЯेрдб)
(Updated) 30-3-2024
Banks in Nepal play an important role in the country’s economy by providing financial services to individuals, businesses and the government. Here are some highlights about banks in Nepal:
Legislation: The banking sector of Nepal is regulated and supervised by the Central Bank of Nepal, Nepal Rastra Bank (NRB). The NRB formulates and implements monetary policy, regulates and supervises banks and financial institutions, and ensures the stability of the banking system
Banks: Nepal has a variety of banks including commercial banks, development banks and finance companies. Commercial banks offer a wide range of banking services to the public and corporations. Development banks focus on providing financial services to specific sectors such as agriculture, industry and tourism. Financial companies provide financial services such as loans, leases and business purchases.
Services: Banks in Nepal provide various services such as savings and current accounts, loans, remittance services, foreign currency deposits and also online banking They also provide specialized services such as business banking, banking a they provide investment and advisory services.
Branching: Banks have a wide branch network in Nepal, especially in urban and semi-urban areas. These networks contribute to increased financial inclusion and access to banking services for the general public.
Challenges: The banking industry in Nepal faces challenges such as technological advancement, risk management, compliance and competition. Banks are adopting more and more technology to improve their services and operations.
Future Outlook: The banking sector in Nepal is expected to grow as the economy expands and modernizes. The government and regulatory authorities are also taking steps to strengthen the banking sector and improve financial stability.
Overall, banks in Nepal play a vital role in the country's economy and are continuously evolving to meet the changing needs of the market and customers.