Agriculture Development Bank

Last updated
Agricultural Development Bank Limited
कृषि विकास बैंक लिमिटेड
Company type Public
NEPSE:  397
Industry Banking
FoundedJanuary 1968, 21;56 years ago (21-01-1968)
HeadquartersRamshah Path, Kathmandu
Number of locations
279 branches [1]
Area served
Nepal
Key people
Govinda Gurung (CEO)
ProductsLoans, savings, investment (focused in agricultural sectors)
Number of employees
2402 [2]
Website adbl.gov.np

Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal. [3]

Contents

History

The bank has been working as a premier rural credit institution since the last three decades, contributing more than 67 percent of the institutional credit supply in the country. Hence, rural finance is the principal operational area of ADBL. It has also been executing Small Farmer Development Program (SFDP), the major poverty alleviation program launched in the country. Furthermore, the bank has also been involved in commercial banking operations since 1984.[ citation needed ]

The enactment of the Bank and Financial Institution Act (BAFIA) in February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967. [4] In line with the BAFIA, ADBL has been incorporated as a public limited company on July 14, 2005. [5] Thus, ADBL operates as an "A" category financial Institution under the legal framework of BAFIA and the Company Act. The bank has a 51% share of the Government of Nepal and 49% of the general public. Most of its shareholders are customers and employees.[ citation needed ]

Its headquarters is in Ramshah Path, Kathmandu.

Related Research Articles

The Australian financial system consists of the arrangements covering the borrowing and lending of funds and the transfer of ownership of financial claims in Australia, comprising:

A community development financial institution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the USA but also in the UK. A CDFI may be a community development bank, a community development credit union (CDCU), a community development loan fund (CDLF), a community development venture capital fund (CDVC), a microenterprise development loan fund, or a community development corporation.

Rastriya Banijya Bank (RBB) is fully government owned, and the largest commercial bank in Nepal. RBB was established on January 23, 1966 under the RBB Act. RBB provides banking services to customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. RBB has 293 branches.

<span class="mw-page-title-main">Zarai Taraqiati Bank Limited</span> Pakistani government-owned bank

The Zarai Taraqiati Bank Limited (ZTBL), formerly known as Agricultural Development Bank of Pakistan, is Pakistani government-owned agricultural development bank which is based in Islamabad, Pakistan. Founded in 1961 as the agricultural development bank, the bank was renamed in 2002 as Zarai Taraqiati Bank Limited (ZTBL) and was subsequently incorporated as a public limited company in 2002 under Companies Ordinance 1984.

<span class="mw-page-title-main">National Bank for Agriculture and Rural Development</span> Regulatory agency of regional rural banks in India

National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is fully owned by Ministry of Finance, Government of India. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing and implementing financial inclusion.

<span class="mw-page-title-main">Small Industries Development Bank of India</span> Regulatory Body

Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country.The SIDBI was established on April 2, 1990, by Government of India, as a wholly owned subsidiary of IDBI Bank. It was delinked from IDBI w.e.f. March 27, 2000. Its purpose is to provide refinance facilities to banks and financial institutions and engage in term lending and working capital finance to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established in 1990, through an Act of Parliament.

Nabil Bank Limited is the first private commercial bank in Nepal.

<span class="mw-page-title-main">Ministry of Finance (India)</span> Finance ministry of India

The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.

<span class="mw-page-title-main">FMO (Netherlands)</span>

FMO is a Dutch development bank structured as a bilateral private-sector international financial institution based in the Hague, the Netherlands. FMO manages funds for the Ministries of Foreign Affairs and Economic Affairs of the Dutch government to maximize the development impact of private sector investments. It is licensed as a bank and supervised by the Dutch Central Bank.

Financial inclusion is the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services which include banking, loan, equity, and insurance products. It is a path to enhance inclusiveness in economic growth by enabling the unbanked population to access the means for savings, investment, and insurance towards improving household income and reducing income inequality

Gajuri(Nepali: गजुरी ; gajuri) is a Gaupalika in Dhading District in the Bagmati Zone of central Nepal. It has a literacy rate of 64.28%. The city hosts as one of the city with highest literacy rate in the Dhading district. The local body was formed by merging three VDCs namely Gajuri, Pida, Nepal, Kiranchok.

<span class="mw-page-title-main">Regional rural bank</span> Government banks at regional level

Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India, Sponsered Bank and concerned State Government in the ratio of 50:35:15 respectively. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches.

<span class="mw-page-title-main">Nepal Rastra Bank</span> Central bank of Nepal

The Nepal Rastra Bank was established 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. As of now, 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.

All India Financial Institutions (AIFI) is a group composed of financial regulatory bodies that play a pivotal role in the financial markets. Also known as "financial instruments", the financial institutions assist in the proper allocation of resources, sourcing from businesses that have a surplus and distributing to others who have deficits - this also assists with ensuring the continued circulation of money in the economy. Possibly of greatest significance, the financial institutions act as an intermediary between borrowers and final lenders, providing safety and liquidity. This process subsequently ensures earnings on the investments and savings involved. In Post-Independence India, people were encouraged to increase savings, a tactic intended to provide funds for investment by the Indian government. However, there was a huge gap between the supply of savings and demand for the investment opportunities in the country.

<span class="mw-page-title-main">Microcredit for water supply and sanitation</span>

Microcredit for water supply and sanitation is the application of microcredit to provide loans to small enterprises and households in order to increase access to an improved water source and sanitation in developing countries. While most investments in water supply and sanitation infrastructure are financed by the public sector, investment levels have been insufficient to achieve universal access. Commercial credit to public utilities was limited by low tariffs and insufficient cost-recovery. Microcredits are a complementary or alternative approach to allow the poor to gain access to water supply and sanitation.

<span class="mw-page-title-main">Nepal SBI Bank</span> Indo-Nepal joint venture

Nepal SBI Bank Limited (NSBL) was the result of the first Indo-Nepal joint venture in the financial sector sponsored by three institutional promoters, namely State Bank of India (SBI), Employees Provident Fund and Agricultural Development Bank of Nepal through a memorandum of understanding signed on 17 July 1992.

Kumari Bank Limited is one of the leading commercial banks in Nepal.

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. and has 197 branches all across the nation with its head office in Kathmandu which provides entire commercial banking services and remittance services.

References

  1. Annual report of ADBL (Report).
  2. Annual report of ADBL 77/78-Page No 92 (Report).
  3. World Bank (2003). Financial Accountability in Nepal: Country Assessment. World Bank Publications. ISBN   9780821354414.
  4. "नेपाल बैंक र कृषि विकास बैंकमा कुन राम्रो ? दुबै बैंकका पूर्वसीइओ देवेन्द्रप्रताप शाह". Clickmandu. Retrieved 2022-07-30.
  5. "कृषि विकास बैंक लिमिटेडको कम्पनी विश्लेषण". merolagani.com. Retrieved 2022-07-30.

ADBL Register in Company Act at 2062/3/31 B.c.