List of banks in Nepal

Last updated

The Nepal Rastra Bank has licensed 107 BFIs[ clarification needed ] as of mid-Jan 2025 and 4 of them are declared problematic a& transactions are suspended. This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank and their branches/ extension counters.[ clarification needed ] [1]

Contents

Class A: Commercial banks

Commercial banks are classified as Class "A" banks by the Nepal Rastra Bank. There are 20 commercial banks as of Mid Jan 2025. [2]

Bank NameHeadquarters Paid-up capital Branches &
Extension Counters
[ clarification needed ]		Website
Agriculture Development Bank Ramshahpath, Kathmandu रु 19.29 Arab 306
Nepal Bank Bhugol Park, Kathmanduरु 14.69 Arab296
Rastriya Banijya Bank Singhadurbar, Kathmanduरु 15.64 Arab361
Citizens Bank International Narayanhitipath, Kathmanduरु 14.77 Arab208
Everest Bank Lazimpat, Kathmanduरु 12.94 Arab143
Global IME Bank Limited Kamaladi, Kathmanduरु 38.12 Arab443
Himalayan Bank Kamaladi, Kathmanduरु 21.66 Arab212
Kumari Bank Naxal, Kathmanduरु 26.23 Arab360
Laxmi Sunrise Bank Hattisar, Kathmanduरु 24.35 Arab299
Machhapuchhre Bank Lazimpat, Kathmanduरु 11.62 Arab185
Nabil Bank Teendhara, Kathmanduरु 27.06 Arab296
Nepal Investment Mega Bank Durbar Marg, Kathmanduरु 34.13 Arab355
Nepal SBI Bank Kamaladi, Kathmanduरु 10.50 Arab130
NIC Asia Bank Thapathali, Kathmanduरु 14.92 Arab486
NMB Bank Nepal Babarmahal, Kathmanduरु 18.37 Arab219
Prabhu Bank Anamnagar, Kathmanduरु 23.54 Arab395
Prime Commercial Bank Kamalpokhari, Kathmanduरु 19.40 Arab201
Sanima Bank Narayanchaur, Kathmanduरु 13.58 Arab141
Siddhartha Bank Naxal, Kathmanduरु 14.09 Arab205
Standard Chartered Bank Naya Baneshwor, Kathmanduरु 10.04 Arab17

Defunct commercial banks

BankClosedFate
Bank of Asia Nepal2013Merged with NIC Bank and renamed NIC Asia Bank [3]
Bank of Kathmandu2023Merged with Global IME Bank [4]
Century Commercial Bank 2023Acquired by Prabhu Bank [5]
Commerz & Trust Bank2014Merged with Global IME Bank [6]
Grand Bank Nepal2016Acquired by Prabhu Bank [7]
Janata Bank 2019Merged with Global IME Bank [8]
KIST Bank2014Merged with Prabhu Bikas Bank [9]
Lumbini Bank2016Merged with Bank of Kathmandu [10]
Mega Bank Nepal 2023Merged with Nepal Investment Bank and renamed as Nepal Investment Mega Bank [11]
Nepal Bangladesh Bank 2022Acquired by Nabil Bank [12]
Nepal Credit & Commerce Bank2023Merged with Kumari Bank [13]
Civil Bank2023Acquired by Himalayan Bank [14]
Sunrise Bank2023Merged with Laxmi Bank and renamed as Laxmi Sunrise Bank [15]

Class B: Development banks

Nepal Rastra Bank has licensed 16 development banks and has classified these on national and province level as per working area. There are 8 national level and 8 province/district level development banks operational as of Dec 2024.

Bank NameHeadquarters/ Corporate OfficeWorking AreaWebsite Paid-up capital Branches &
Extension Counters
Garima Bikas Bank Lazimpat, KathmanduNational रु 5.68 Arab135
Jyoti Bikas Bank Kamaladi, Kathmandu रु 4.40 Arab123
Kamana Sewa Bikas Bank Gyaneshwor, Kathmandu रु 3.51 Arab131
Lumbini Bikas Bank Dillibazaar, Kathmandu रु 3.62 Arab91
Mahalaxmi Development Bank Durbar Marg, Kathmandu रु 4.17 Arab104
Muktinath Bikash Bank Kamaladi, Kathmandu रु 7.05 Arab191
Sangrila Development Bank Baluwatar, Kathmandu रु 3.43 Arab112
Shine Resunga Development Bank Kalikanagar, Butwal रु 4.86 Arab90
Corporate Development Bank Adarsanagar, Birgunj Parsa District रु 0.53 Arab4
Excel Development Bank Mukti Chowk, Birtamode Koshi Pradesh रु 1.25 Arab48
Green Development Bank Sabhagriha Chowk, Pokhara Gandaki Province रु 0.53 Arab16
Miteri Development Bank Mahendra Path, Dharan (Sunsari) Koshi Pradesh रु 1.22 Arab18
Narayani Development Bank Ratnanagar, Chitwan Chitwan District रु 0.26 Arab5
Salapa Bikash Bank Diktel Bazar, Khotang Khotang District रु 0.35 Arab6
Saptakoshi Development Bank Main Road, Biratnagar Koshi Pradesh रु 0.83 Arab35
Sindhu Bikas Bank Banepa, Kavrepalanchowk Bagmati Pradesh रु 0.56 Arab27

Problematic Development Bank

Following development companies are declared problematic by Nepal Ratra bank and is under resolution process.

Defunct Development Banks (National)

BankClosedFate
Om Development Bank2019Merged with NMB Bank [19]
Kailash Bikash Bank2020Merged with Prime Commercial Bank [20]
Deva Development Bank2020Acquired by Kumari Bank [21]
Gandaki Bikash Bank2020Merged with Mega Bank Nepal [22]
Tourism Development Bank2018Merged with Mega Bank Nepal [22]
NIDC Development Bank2018Acquired by Rastriya Baninjya Bank [23]
Reliable Development Bank2017Acquired by Global IME Bank [24]
Siddhartha Development Bank2017Acquired by Janata Bank Nepal Limited [25]
Ace Development Bank2017Acquired by Nepal Investment Bank Limited [26]
Supreme Development Bank2017Merged with NCC Bank Nepal [27]

Class C: Finance Companies

Nepal Rastra Bank has licensed 17 finance companies as of mid Jan 2025. Among them 2 finance companies are problematic and 15 are operational. [2]

Company NameHeadquarters/ Corporate OfficeWorking Area Paid-up capital BranchesWebsite
Best FinanceChabahil, KathmanduNationalरु 0.89 Arab19
Central FinanceKupondole, LalitpurNationalरु 0.95 Arab20
Gurkhas FinanceDillibazar, KathmanduNationalरु 0.87 Arab27
Goodwill FinanceHattisar, KathmanduNationalरु 0.95 Arab19
Guheshwori Merchant Banking & FinancePulchowk, LalitpurNationalरु 1.01 Arab27
ICFC FinanceBhatbhateni, KathmanduNationalरु 1.18 Arab21
Janaki FinanceStation Road, Janakpur Madhesh Provinceरु 0.69 Arab5
Manjushree FinanceNayabaneshwor, KathmanduNationalरु 1.35 Arab28
Multipurpose FinanceBidhyapati Chowk, Janakpur Madhesh Provinceरु 0.61 Arab8
Nepal FinanceKamaladi, KathmanduNationalरु 0.73 Arab13
Pokhara Finance New Road, PokharaNationalरु 1.08 Arab26
Progressive Finance New Road, KathmanduNationalरु 0.85 Arab28
Reliance FinancePradarsani Marg, KathmanduNationalरु 1.12 Arab22
Samriddhi FinancePutalisadak, KathmanduNationalरु 0.82 Arab13
Shree Investment & FinanceDillibazar, KathmanduNationalरु 1.00 Arab13

Problematic Finance Companies

Following finance companies are declared problematic by Nepal Ratra bank and is under resolution process.

Class D: Micro Finance Financial Institutions

Micro finance financial institutions are classified as Class "D" banks by the Nepal Rastra Bank. There are 52 microfinance companies as of Dec 2024, and 51 are operational & a microfinance is suspended. Following are the details. [2]

Company NameHeadquarter/ Corporate OfficeWorking Area Paid-up capital Branches
Aatmanirbhar Laghubitta Ghorahi, Dang Lumbini Province रु 7.83 Crore22
Aviyan Laghubitta Panauti, Kavrepalanchowk Nationalरु 25 Crore61
Aarambha Chautari LaghubittaBanepa, KavrepalanchowkNationalरु 36.71 Crore137
Asha LaghubittaMadanpur, NuwakotNationalरु 73.30 Crore133
Chhimek LaghubittaMid-Baneshwor, KathmanduNationalरु 321.53 Crore205
CYC Nepal LaghubittaPokhara, KaskiNationalरु 26.64 Crore125
Deprosc LaghubittaBharatpur, ChitwanNationalरु 170.62 Crore158
Dhaulagiri LaghubittaBaglung bazar, BaglungNationalरु 13.31 Crore59
First Microfinance LaghubittaGyaneswar, Kathmandu Wholesale Banking रु 134.49 Crore3
Forward LaghubittaDuhabi, SunsariNationalरु 119.6 Crore161
Ganapati LaghubittaSuklagandaki, TanahuNationalरु 15.15 Crore44
Global IME LaghubittaPokhara, KaskiNationalरु 61.89 Crore125
Grameen Bikas LaghubittaButwal, RupandehiNationalरु 98.25 Crore195
Gurans LaghubittaDhankutabazar, Dhankuta Koshi Province रु 10.14 Crore37
Himalayan LaghubittaChabahil, KathmanduNationalरु 31.98 Crore76
Infinity Laghubitta Gaidakot, NawalparasiNationalरु 49.74 Crore98
Jeevan Bikas LaghubittaKatahari MorangNationalरु 134.75 Crore165
Janautthan Samudayik LaghubittaButwal, RupandehiNationalरु 17.01 Crore40
Kalika LaghubittaPokhara, KaskiNationalरु 40.77 Crore106
Laxmi LaghubittaMaharajgung, KathmanduNationalरु 44.17 Crore96
Mahila LaghubittaBanepa, KavrepalanchowkNationalरु 21.76 Crore85
Mahuli LaghubittaBakdhuwa, SaptariNationalरु 36.99 Crore66
Manushi LaghubittaBanepa, KavrepalanchowkNationalरु 10.94 Crore37
Matribhumi Laghubitta [28] Budanilkantha, KathmanduNationalरु 62.84 Crore237
Mero Microfinance LaghubittaBattar, NuwakotNationalरु 132 Crore151
Mithila LaghubittaDhalkebar, Dhanusha Madhesh Province रु 19.60 Crore45
NADEP LaghubittaGajuri, DhadingNationalरु 48.58 Crore98
National LaghubittaNilkantha, DhadingNationalरु 133.16 Crore187
Nerude Mirmire LaghubittaBanepa, KavrepalanchowkNationalरु 139.78 Crore233
NESDO Samridda LaghubittaKushma, ParbatNationalरु 25.50 Crore57
NIC Asia LaghubittaBanepa, KavrepalanchowkNationalरु 173.94 Crore296
Nirdhan Uthhan LaghubittaNaxal, KathmanduNationalरु 261.21 Crore196
NMB LaghubittaPokhara, KaskiNationalरु 72.14 Crore156
RSDC LaghubittaRupandehi, Butwal Wholesale Banking रु 94.44 Crore4
Sampada Laghubitta [29] Gorkha, GorkhaNationalरु 70.09 Crore187
Samaj LaghubittaMalangawa, Sarlahi Madhesh Province रु 2.29 Crore6
Samata Garelu Laghubitta [30] Banepa, KavrepalanchowkNationalरु 59.91 Crore92
Samudayik LaghubittaBanepa, KavrepalanchowkNationalरु 17.08 Crore45
Sana Kisan Bikas LaghubittaBabarmahal, Kathmandu Wholesale Banking रु 431.26 Crore13
Shrinjansil LaghubittaGolbazar, SirahaNationalरु 10.94 crore34
Support LaghubittaItahari, Sunsari Koshi Province रु 12.24 Crore26
Suryodaya Womi LaghubittaBanepa, KavrepalanchowkNationalरु 79.19 Crore181
Swabalamban LaghubittaKamalpokhari, KathmanduNationalरु 165.66 Crore155
Swabhiman LaghubittaTillottama, Rupandehi Lumbini Province रु 14.61 Crore37
Swastik LaghubittaLahan, Siraha Madhesh Province रु 3.47 Crore13
Sworojgar LaghubittaBanepa, KavrepalanchowkNationalरु 69.06 Crore91
Unique Nepal LaghubittaKohalpur, BankeNationalरु 14.86 Crore42
Unnati Sahakarya LaghubittaSiddharthanagar, RupandehiNationalरु 24.69 Crore84
Upakar LaghubittaKohalpur, Banke Lumbini Province रु 10.61 Crore37
Vijaya LaghubittaGaidakot, NawalparasiNationalरु 74.50 Crore136
Wean Nepal LaghubittaBanepa, Kavrepalanchowk Bagmati Province रु 7.92 Crore23

Problematic Retail Microfinance

Following finance companies are declared problematic by Nepal Ratra bank and is under resolution process.

Infrastructure Development Bank

Infrastructure Development Bank is non-classified Financial Institution licensed by Nepal Rastra Bank. There is one BFI as of January 2024. [2]

References

  1. ↑ "BFI's outlets". Nepal Rastra Bank . Retrieved 6 June 2024.
  2. 1 2 3 4 "List of BFIs" (PDF). nrb.org.np.
  3. ↑ "NIC ASIA Bank : Successful Merger". SpotlightNepal. 14 July 2013. Retrieved 2023-01-12.
  4. ↑ "Global IME Bank, BoK joint operation". The Himalayan Times. 2023-01-08. Retrieved 2023-01-12.
  5. ↑ "Prabhu Bank completes acquisition of Century Bank". The Annapurna Express. Retrieved 2023-01-12.
  6. ↑ "Global, Commerz & Trust merge; starts operations". kathmandupost.com. Retrieved 2023-01-12.
  7. ↑ "Prabhu, Grand start joint ops after merger". kathmandupost.com. Retrieved 2023-01-12.
  8. ↑ Joshi, Kriti (2019-12-07). "Global IME, Janata start integrated transaction". The Himalayan Times. Retrieved 2023-01-12.
  9. ↑ "Prabhu Bank starts ops". kathmandupost.com. Retrieved 2023-01-12.
  10. ↑ "Merged BoK, Lumbini start joint operations". kathmandupost.com. Retrieved 2023-01-12.
  11. ↑ "इन्भेस्टमेन्ट र मेगा बैंक गाभिए, एकीकृत कारोबार सुरु". ekantipur.com (in Nepali). Retrieved 2023-01-12.
  12. ↑ "Nabil completes acquisition of NBB". The Himalayan Times. 2022-07-12. Retrieved 2023-01-12.
  13. ↑ "KBL, NCCB merge". The Himalayan Times. 2023-01-02. Retrieved 2023-01-12.
  14. ↑ "HBL and CBL start joint operation". The Himalayan Times. 2023-02-25. Retrieved 2023-07-15.
  15. ↑ "एकीकृत कारोबार गर्दै 'लक्ष्मी सनराइज बैंक लिमिटेड'". Karobar Daily. Retrieved 2023-07-15.
  16. ↑ "NRB declares Karnali Development Bank as Problematic" (PDF) (in np). Retrieved 2024-12-25.{{cite web}}: CS1 maint: unrecognized language (link)
  17. ↑ "NRB declares Karnali Development Bank as problematic".
  18. ↑ "NRB declares Karnali Development Bank as crisis-ridden bank, takes management control" . Retrieved 2024-12-25.
  19. ↑ "NMB Bank & Om Development bank start joint transaction after merger" . Retrieved 2019-09-24.
  20. ↑ "Prime Bank & Kailash Bikash bank start joint transaction after merger" . Retrieved 2020-03-10.
  21. ↑ "Kumari Bank & Deva Development bank start joint transaction after acquisition" . Retrieved 2020-01-20.
  22. 1 2 "Mega Bank & Gandaki Bikash bank start joint transaction after merger" . Retrieved 2020-06-30.
  23. ↑ "Rastriya Baninjya Bank & NIDC Development bank start joint transaction after aquisition [sic]" . Retrieved 2018-05-03.
  24. ↑ "Global IME Bank & Reliable Development bank start joint transaction after acquisition" . Retrieved 2017-07-07.
  25. ↑ "Janata Bank Nepal & Siddhartha Development bank start joint transaction after acquisition" . Retrieved 2017-07-17.
  26. ↑ "Nepal Investment Bank & AceDevelopment bank start joint transaction after acquisition" . Retrieved 2017-07-14.
  27. ↑ "NCC Bank & Supreme Development bank start joint transaction after merger" . Retrieved 2017-01-01.
  28. ↑ "Jalpa Laghubitta to Merge with Kisan Laghubitta". investopaper.com. 2024-06-12. Retrieved 2024-06-14.
  29. ↑ "तनहुँको सबैको र गोरखाको साधना लघुवित्तले पाए एकीकृत कारोबार गर्ने स्वीकृति". bizmandu.com. Retrieved 2024-06-28.
  30. ↑ "Samata Gharelu Laghubitta Bittiya Sanstha Limited after the successful acquisition of Manakamana Smart Laghubitta Bittiya Sanstha Limited to commence its joint operation in the name of "Samata Gharelu Laghubitta Bittiya Sanstha Limited" from 24th Ashad, 2081". sharesansar.com. 15 December 2016. Retrieved 2024-06-28.
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