| Company type | Public |
|---|---|
| NEPSE: 145 | |
| Industry | Banking |
| Founded | 2002 |
| Headquarters | Naxal, Kathmandu |
Number of locations | 197 Branches |
Area served | Nepal |
Key people | Mr. Manoj Kumar Kedia (chairman) Mr. Sundar Prasad Kadel (CEO) [1] |
| Products | Loans, Credit cards, Savings, Investment, Merchant banking |
Number of employees | 2000+ |
| Parent | Siddhartha Group |
| Website | www.siddharthabank.com |
Siddhartha Bank Limited (SBL) is one of the largest private Commercial Bank in Nepal which is 18th commercial bank to be licensed by Nepal Rastra Bank. It started operation in Dec 2002. [2] and has 196 branches and 226 ATMs all across the nation with its head office in Kathmandu which provides entire commercial banking services and remittance services. [3]
Siddhartha bank is also official title sponsor of (NPL) Nepal premier league.
The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. [4]
Siddhartha Bank Limited has received several awards and recognitions for its performance and contribution to the banking industry in Nepal.[ citation needed ] It has been awarded as the 'Bank of the Year' by The Banker,[ citation needed ] a leading financial magazine, and has also been recognized by various organizations for its contribution to the economy and society.
The bank has been maintaining correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross-border services. Through these correspondent, the bank is able to provide services in any major currencies in the world.
SBL Remit is also a popular remittance company in Nepal. SBL Remit is a product of Siddhartha Bank Limited (SBL), one of the commercial banks in Nepal. It offers various remittance services to its customers, including online remittance, bank deposit, and cash pickup. SBL Remit has tie-ups with various banks and financial institutions in Nepal and has a presence in countries such as the United States, Australia, the United Kingdom, and the Gulf countries.
The Bank currently has a paid-up capital of Nepalese Rupees 14.09 Billion (as of FY 2023/24) [5]
The bank's subsidiaries are as follows:
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kerala. The Bank has 1544+ banking outlets and, 2045+ ATMs/ CDMS spread across different states in India and overseas representative offices at Abu Dhabi and Dubai.
Himalayan Bank Limited (HBL) is one of the largest private banks in Nepal. The Bank was incorporated in 1992 by a few eminent individuals of Nepal in partnership with the Employees Provident Fund and Habib Bank Limited of Pakistan. The bank commenced its operations in January 1993. Himalayan Bank is also the first commercial bank of Nepal with most of its shares held by the private sector of Nepal. The bank has its head and corporate office at Kamaladi, Kathmandu.
Nabil Bank Limited is the first private commercial bank in Nepal.
The Nepal Rastra Bank was established on April 26, 1956 A.D. under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector. The NRB is functioning under the new Nepal Rastra Bank Act, 2002. The functions of NRB are to formulate required monetary and foreign exchange policies so as to maintain the stability in market prices, to issue currency notes, to regulate and supervise the banking and financial sector, to develop efficient payment and banking systems among others. The NRB is also the economic advisor to the government of Nepal. As the central bank of Nepal, it is the monetary, supervisory and regulatory body of all the commercial banks. development banks, finance companies and micro-finances institutions.
Laxmi Bank is the 16th commercial bank in Nepal, founded in 2002.
Nepal SBI Bank Limited (NSBL) is the first Indo-Nepal joint venture in the financial sector. Sponsored by three institutional promoters, namely the State Bank of India (SBI), Employees Provident Fund and Agricultural Development Bank of Nepal through a memorandum of understanding signed on 17 July 1992.
Sanima Bank started its operation in 2004 as a National Level Development Bank. Sanima was licensed to operate by the Nepal Rastra Bank to function as an "A" Class Commercial Bank in 2012. Sanima has 105 full-fledged branches and 28 extension counters within and outside the Kathmandu Valley.
Kumari Bank Limited is one of the leading commercial banks in Nepal.
Machhapuchchhre Bank Limited registered in 1998 as the first regional commercial bank from the western region of Nepal. The 'A' class commercial bank started its banking operations from its own head office located in the foothills of Machhapuchchhre in the town of Pokhara since year 2000.
NMB Bank Nepal is a commercial bank in Nepal with headquarters in Kathmandu. The bank is licensed by central bank of Nepal, the Nepal Rastra Bank, and has 202 branches across the nation providing retail and commercial banking services.
Civil Bank Limited (CiBL) (Nepali: सिभिल बैंक लिमिटेड; NEPSE: CBL) is a commercial bank in Nepal. Founded in 2010, the bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.
Commercial banks are 'A' Class Financial Institutions in Nepal. Nepal Bank Limited is the first & oldest Commercial bank in Nepal established in 1937 AD with government and private investment.Commercial Bank mainly provide facilities to their customer like Deposits, Loans, Mobile Banking, Remittance.
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Laxmi Sunrise Bank Limited is a commercial bank in Nepal. The bank is an 'A' class commercial bank licensed by Nepal Rastra Bank and has branches across the nation with its head office in Kathmandu. The bank's shares are publicly traded on the Nepal Stock Exchange.
Mega Bank Nepal Limited was an ‘A’ class commercial bank licensed by Nepal Rastra Bank and had branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.
Century Commercial Bank Limited was a commercial bank in Nepal. The bank was an ‘A’ class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. But now it's merged with Prabhu bank Limited in January 2023.
Global IME Bank Limited is a commercial bank in Nepal. The bank was an ‘A’ class commercial bank licensed by Nepal Rastra Bank and had branches all across the nation with its head office in Kathmandu which provided a complete commercial banking service.The Bank was formed merging formar Janata Bank Nepal Limited and Global IME Bank Limited.
Prabhu Bank Limited is a commercial bank in Nepal. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.
Global IME Bank Limited is a commercial bank in Nepal. The bank was an ‘A’ class commercial bank licensed by Nepal Rastra Bank and had branches all across the nation with its head office in Kathmandu which provided a complete commercial banking service. The Bank was formed with the merger and acquisition of 21 BFIs including 5 commercial banks i.e. Commerz and Trust Bank, Global Bank, Janata Bank Nepal, Lumbini Bank & Bank of Kathmandu.
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