List of banks in Nepal

Last updated

Nepal Rastra Bank has licensed 107 BFIs as of mid-July 2024. This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank and their branches/ extension counters. [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 2024.

Bank NameHeadquarter Paid-up capital Branches & Extension CountersWebsite
Agriculture Development Bank Ramshahpath, Kathmandu रु 18.88 Arab299
Nepal Bank Bhugol Park, Kathmanduरु 14.69 Arab296
Rastriya Banijya Bank Singhadurbar, Kathmanduरु 15.63 Arab361
Citizens Bank International Narayanhitipath, Kathmanduरु 14.77 Arab207
Everest Bank Lazimpat, Kathmanduरु 14.24 Arab141
Global IME Bank Limited Kamaladi, Kathmanduरु 38.12 Arab442
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 11.63 Arab185
Nabil Bank Teendhara, Kathmanduरु 27.06 Arab295
Nepal Investment Mega Bank Durbarmarg, Kathmanduरु 34.13 Arab355
Nepal SBI Bank Kamaladi, Kathmanduरु 10.90 Arab130
NIC Asia Bank Thapathali, Kathmanduरु 14.92 Arab486
NMB Bank Nepal Babarmahal, Kathmanduरु 18.37 Arab218
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 [2]
Bank of Kathmandu2023Merged with Global IME Bank [3]
Century Commercial Bank 2023Acquired by Prabhu Bank [4]
Commerz & Trust Bank2014Merged with Global IME Bank [5]
Grand Bank Nepal2016Acquired by Prabhu Bank [6]
Janata Bank 2019Merged with Global IME Bank [7]
KIST Bank2014Merged with Prabhu Bikas Bank [8]
Lumbini Bank2016Merged with Bank of Kathmandu [9]
Mega Bank Nepal 2023Merged with Nepal Investment Bank and renamed as Nepal Investment Mega Bank [10]
Nepal Bangladesh Bank 2022Acquired by Nabil Bank [11]
Nepal Credit & Commerce Bank2023Merged with Kumari Bank [12]
Civil Bank2023Acquired by Himalayan Bank [13]
Sunrise Bank2023Merged with Laxmi Bank and renamed as Laxmi Sunrise Bank [14]

Class B: Development banks

Nepal Rastra Bank has licensed 17 development banks and has classified these on national and province level as per working area. There are 8 national level development banks and 9 province level development banks.

National Level Development Banks

Following is the list of National level development banks and their outlets. [15]

Bank NameHeadquarter/ Corporate OfficeWebsite Paid-up capital Branches & Extension Counters
Garima Bikas Bank Lazimpat, Kathmरु 5.68 Arab134
Jyoti Bikas Bank Kamaladi, Kathmandu रु 4.40 Arab123
Kamana Sewa Bikas Bank Gyaneshwor, Kathmandu रु 3.28 Arab136
Lumbini Bikas Bank Dillibazaar, Kathmandu रु 3.52 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 4.73 Arab90

Following is the list of Province/District level development banks and their outlets. [15]

Bank NameHeadquarter/ Corporate OfficeWorking Area Paid-up capital BranchesWebsite
Corporate Development Bank Adarsanagar, Birgunj Madhesh Pradesh रु 0.53 Arab4
Excel Development Bank Mukti Chowk, Birtamode Koshi Provinceरु 1.25 Arab46
Green Development Bank Sabhagriha Chowk, Pokhara Gandaki Provinceरु 0.52 Arab16
Karnali Development Bank Surkhet Road, Nepalgunj Karnali Provinceरु 0.50 Arab19
Miteri Development Bank Mahendrapath Dharan, Sunsari Koshi Provinceरु 1.11 Arab18
Narayani Development Bank Ratnanagar, Chitwan Bagmati Pradesh रु 0.26 Arab5
Salapa Bikash Bank Diktel Bazar, Khotang Koshi Pradesh रु 0.35 Arab6
Saptakoshi Development Bank Main Road, Biratnagar Koshi Provinceरु 0.83 Arab35
Sindhu Bikas Bank Banepa, Kavrepalanchowk Bagmati Provinceरु 0.56 Arab27[https basanta Pandey

Defunct Development Banks (National)

BankClosedFate
Om Development Bank2019Merged with NMB Bank [16]
Kailash Bikash Bank2020Merged with Prime Commercial Bank [17]
Deva Development Bank2020Acquired by Kumari Bank [18]
Gandaki Bikash Bank2020Merged with Mega Bank Nepal [19]
Tourism Development Bank2018Merged with Mega Bank Nepal [19]
NIDC Development Bank2018Acquired by Rastriya Baninjya Bank [20]
Reliable Development Bank2017Acquired by Global IME Bank [21]
Siddhartha Development Bank2017Acquired by Janata Bank Nepal Limited [22]
Ace Development Bank2017Acquired by Nepal Investment Bank Limited [23]
Supreme Development Bank2017Merged with NCC Bank Nepal [24]

Class C: Finance Companies

Nepal Rastra Bank has licensed 17 finance companies as of mid July 2014. Among then 2 finance companies are problematic and 15 are operational. [15]

Company NameHeadquarter/ Corporate OfficeWorking Area Paid-up capital BranchesWebsite
Best FinanceChabahil, KathmanduNationalरु 0.85 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 Arab22
Janaki FinanceStation Road, Janakpur Madhesh Provinceरु 0.69 Arab5
Manjushree FinanceNayabaneshwor, KathmanduNationalरु 1.35 Arab27
Multipurpose FinanceBidhyapati Chowk, Janakpur Madhesh Provinceरु 0.61 Arab5
Nepal FinanceKamaladi, KathmanduNationalरु 0.73 Arab13
Pokhara FinanceNewroad, PokharaNationalरु 1.05 Arab26
Progressive FinanceNew Road, KathmanduNationalरु 0.85 Arab27
Reliance FinancePradarsani Marg, KathmanduNationalरु 1.12 Arab22
Samriddhi Finance CompanyPutalisadak,, KathmanduNationalरु 0.82 Arab13
Shree Investment & FinanceDillibazar, KathmanduNationalरु 0.98 Arab13

Problematic Finance Companies

Following finance was 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 July 2024. Among them 49 are retail microfinance and 3 are wholesale microfinance companies.

Retail Microfinance Companies

Following are the retail microfinance companies and their outlets. [15] [25]

Company NameHeadquarter/ Corporate OfficeWorking Area Paid-up capital Branches
Aatmanirbhar LaghubittaGhorahi, DangLumbiniरु 6.86 Crore22
Aviyan LaghubittaPanauti, KavrepalanchowkNationalरु 25 Crore61
Aarambha Chautari LaghubittaBanepa, KavrepalanchowkNationalरु 36.71 Crore142
Asha LaghubittaMadanpur, NuwakotNationalरु 64.16 Crore143
Chhimek LaghubittaOld Baneshwor, KathmanduNationalरु 297.7 Crore205
CYC Nepal LaghubittaPokhara, KaskiNationalरु 26.62 Crore125
Deprosc LaghubittaBharatpur, ChitwanNationalरु 170.6 Crore158
Dhaulagiri LaghubittaBaglung bazar, BaglungNationalरु 13.31 Crore59
Forward LaghubittaDuhabi, SunsariNationalरु 105.6 Crore161
Ganapati LaghubittaSuklagandaki, TanahuNationalरु 15.15 Crore44
Global IME LaghubittaPokhara, KaskiNationalरु 61.89 Crore124
Grameen Bikas LaghubittaButwal,RupandehiNationalरु 98.25 Crore195
Gurans LaghubittaDhankutabazar, DhankutaKoshiरु 10.14 Crore36
Himalayan LaghubittaChabahil, KathmanduNationalरु 31.98 Crore76
Infinity LaghubittaGaidakot, NawalparasiNationalरु 49.7 Crore100
Jeevan Bikas LaghubittaKatahari MorangNationalरु 134.7 Crore165
Janautthan Samudayik LaghubittaButwal, RupandehiNationalरु 17.01 Crore40
Kalika LaghubittaPokhara, KaskiNationalरु 37.23 Crore101
Laxmi LaghubittaMaharajgung, KathmanduNationalरु 44.15 Crore96
Mahila LaghubittaBanepa, KavrepalanchowkNationalरु 21.76 Crore84
Mahuli LaghubittaBakdhuwa, SaptariNationalरु 32.24 Crore66
Manushi LaghubittaBanepa, KavrepalanchowkNationalरु 10.94 Crore37
Matribhumi Laghubitta [26] Budanilkantha, KathmanduNationalरु 74.33 Crore237
Mero Microfinance LaghubittaBattar, NuwakotNationalरु 132 Crore151
Mithila LaghubittaDhalkebar, DhanushaMadheshरु 19.60 Crore45
Nadep LaghubittaGajuri, DhadingNationalरु 48.58 Crore100
National LaghubittaNilkantha, DhadingNationalरु 116.6 Crore187
Nerude Mirmire LaghubittaBanepa, KavrepalanchowkNationalरु 139.8 Crore233
Nesdo Samridda LaghubittaKushma,ParbatNationalरु 25.50 Crore57
NIC asia LaghubittaBanepa, KavrepalanchowkNationalरु 173.9 Crore296
Nirdhan Uthhan LaghubittaNaxal, KathmanduNationalरु 261.2 Crore200
NMB LaghubittaPokhara, KaskiNationalरु 72.14 Crore156
Sampada Laghubitta [27] Gorkha, GorkhaNationalरु 70.00 Crore185
Samaj LaghubittaMalangawa, SarlahiMadeshरु 2.29 Crore6
Samata Garelu Laghubitta [28] Banepa, KavrepalanchowkNationalरु 56.40 Crore92
Samudayik LaghubittaBanepa, KavrepalanchowkNationalरु 17.52 Crore43
Shrinjansil LaghubittaGolbazar, SirahaNationalरु 10.94 crore34
Super LaghubittaTulsipur, DangProblematicरु 1.95 Crore25
Support LaghubittaItahari, SunsariKoshiरु 9.52 Crore26
Suryodaya Womi LaghubittaBanepa, KavrepalanchowkNationalरु 79.19 Crore194
Swabalamban LaghubittaKamalpokhari, KathmanduNationalरु 145 Crore155
Swabhiman LaghubittaTillottama, RupandehiLumbiniरु 16.61 Crore37
Swastik LaghubittaLahan, SirahaMadeshरु 1.20 Crore13
Sworojgar LaghubittaBanepa, KavrepalanchowkNationalरु 67.11 Crore91
Unique Nepal LaghubittaKohalpur, BankeNationalरु 14.86 Crore42
Unnati Sahakarya LaghubittaSiddharthanagar, RupandehiNationalरु 24.69 Crore84
Upakar LaghubittaKohalpur, BankeLumbiniरु 10.61 Crore34
Vijaya LaghubittaGaidakot, NawalparasiNationalरु 74.50 Crore148
Wean Nepal LaghubittaBanepa, KavrepalanchowkBagmatiरु 7.92 Crore23

Wholesale Microfinance Companies

Following are the wholesale microfinance companies as of June 2024. [1]

Company NameHeadquarter/ Corporate OfficeWorking Area Paid-up capital Branches
First Microfinance LaghubittaGyaneswar, KathmanduNationalरु 1.23 Arab3
Sana Kisan Bikas LaghubittaBabarmahal, KathmanduNationalरु 3.81 Arab13
RSDC LaghubittaRupandehi, ButwalNationalरु 0.94 Arab3

Infrastructure Development Bank

Infrastructure Development Bank is non-classified Financial Institution licensed by Nepal Rastra Bank. There is one BFI as of January 2024. [15]

Related Research Articles

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References

  1. 1 2 "BFI's outlets". Nepal Rastra Bank . Retrieved 6 June 2024.
  2. ↑ "NIC ASIA Bank : Successful Merger". SpotlightNepal. 14 July 2013. Retrieved 2023-01-12.
  3. ↑ "Global IME Bank, BoK joint operation". The Himalayan Times. 2023-01-08. Retrieved 2023-01-12.
  4. ↑ "Prabhu Bank completes acquisition of Century Bank". The Annapurna Express. Retrieved 2023-01-12.
  5. ↑ "Global, Commerz & Trust merge; starts operations". kathmandupost.com. Retrieved 2023-01-12.
  6. ↑ "Prabhu, Grand start joint ops after merger". kathmandupost.com. Retrieved 2023-01-12.
  7. ↑ Joshi, Kriti (2019-12-07). "Global IME, Janata start integrated transaction". The Himalayan Times. Retrieved 2023-01-12.
  8. ↑ "Prabhu Bank starts ops". kathmandupost.com. Retrieved 2023-01-12.
  9. ↑ "Merged BoK, Lumbini start joint operations". kathmandupost.com. Retrieved 2023-01-12.
  10. ↑ "इन्भेस्टमेन्ट र मेगा बैंक गाभिए, एकीकृत कारोबार सुरु". ekantipur.com (in Nepali). Retrieved 2023-01-12.
  11. ↑ "Nabil completes acquisition of NBB". The Himalayan Times. 2022-07-12. Retrieved 2023-01-12.
  12. ↑ "KBL, NCCB merge". The Himalayan Times. 2023-01-02. Retrieved 2023-01-12.
  13. ↑ "HBL and CBL start joint operation". The Himalayan Times. 2023-02-25. Retrieved 2023-07-15.
  14. ↑ "एकीकृत कारोबार गर्दै 'लक्ष्मी सनराइज बैंक लिमिटेड'". Karobar Daily. Retrieved 2023-07-15.
  15. 1 2 3 4 5 "List of BFIs" (PDF). nrb.org.np.
  16. ↑ "NMB Bank & Om Development bank start joint transaction after merger" . Retrieved 2019-09-24.
  17. ↑ "Prime Bank & Kailash Bikash bank start joint transaction after merger" . Retrieved 2020-03-10.
  18. ↑ "Kumari Bank & Deva Development bank start joint transaction after acquisition" . Retrieved 2020-01-20.
  19. 1 2 "Mega Bank & Gandaki Bikash bank start joint transaction after merger" . Retrieved 2020-06-30.
  20. ↑ "Rastriya Baninjya Bank & NIDC Development bank start joint transaction after aquisition" . Retrieved 2018-05-03.
  21. ↑ "Global IME Bank & Reliable Development bank start joint transaction after acquisition" . Retrieved 2017-07-07.
  22. ↑ "Janata Bank Nepal & Siddhartha Development bank start joint transaction after acquisition" . Retrieved 2017-07-17.
  23. ↑ "Nepal Investment Bank & AceDevelopment bank start joint transaction after acquisition" . Retrieved 2017-07-14.
  24. ↑ "NCC Bank & Supreme Development bank start joint transaction after merger" . Retrieved 2017-01-01.
  25. ↑ "BFIs Branches". nrb.org.np.
  26. ↑ "Jalpa Laghubitta to Merge with Kisan Laghubitta". investopaper.com. 2024-06-12. Retrieved 2024-06-14.
  27. ↑ "तनहुँको सबैको र गोरखाको साधना लघुवित्तले पाए एकीकृत कारोबार गर्ने स्वीकृति". bizmandu.com. Retrieved 2024-06-28.
  28. ↑ "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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