Name List of All the A-Class Commercial Banks in Nepal With Detail Information

Commercial Banks in Nepal: – Commercial banks perform all kinds of banking business. The primary function of commercial banks is receiving deposits and lending to others, the banks undertake a wide variety of functions to assist their customers by performing agency services and general utility services.

Deposit of the commercial banks generally are for a short period of time, hence they involve in the short period of lending activities. However, recently the commercial banks have also extended their areas of operation to medium term and long term finance.

Functions of the commercial banks are; accepting deposits; advancing loan, letter of credit, guarantee, remittance, e-banking, bills, etc. A modern commercial bank is expected to go beyond the conventional banking functions and to take up the challenging task of achieving economic growth, combined with stability and social justice-Nepal Bank Ltd. was established on 15th November 1937 as the first commercial bank in Nepal. Rastriya Banijya bank is the second government-owned commercial bank which was established on 23 January 1966.

Banks are those organized institutions established under the provision of current laws, rules, and regulations to perform work related to currency. It accepts deposits and grants loan. The person can withdraw the deposited money at any time.

The word ‘Bank’ is derived from the Italian word ‘Banco’ means exchanging money sitting on a bench. Previously Italian Goldsmith used to perform the monetary task sitting on the bench in the market. So, ‘ banco’ was used to denote the monetary transactions. Later it was spelled as ‘Bank’. It is very difficult to give a particular meaning of bank in this modern age. Different economists have given different definition like;

According to the Dictionary of Banking and finance, “Business which holds money for its clients, lends money at interested and trades generally in money.

Commercial Banks are those banks which are established to accept deposits and grant a loan to the individuals, traders, and industries with the purpose of earning a profit. Commercial banks are so popular nowadays that we understand commercial banks just by calling banks.

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They are established as the joint stock company. Establishment of commercial banks is to accept as a deposit to the unused amount of one type of client and promotes to another type of clients to use such amount as loan. It also provides the long term, mid-term, and short term loans.

Roles of Commercial Banks

  • It accepts the scattered and idle saving of public under the accounts such as current account, savings account and fixed deposit account.
  • It provides the loan to the individual and organizations for specific purposes against the security deposit of silver, gold and other stock such as buildings, land, share, and securities of the company.
  • It transfers the amount of public and organizations from one place to another within the country or outside the country or one account to another account with the help of draft, TT, etc.
  • It purchases and sells the shares and debentures of the company, collects the income and pays the expenditures.

It opens the letter of credit for the import and export of goods.

Name List of All the ‘Class A’ Commercial Banks in Nepal

Here is name list of all the ‘Class A’ commercial banks in Nepal. Commercial banks in Nepal are playing vital roles to collect money in the state. Nepal has many nationalized and private banking ventures. There are 28 commercial banks of Nepal. There are enlisted 28 lists of licensed commercial banks of Nepal. It includes the top 10 banks in Nepal. It means a list of top 10 banks in Nepal.

These are top commercial banks of Nepal. These are not only the top ten commercial banks of Nepal. These are a-class commercial banks of Nepal. It may include the best commercial banks of Nepal.

In a modernized business age, banks are undergoing sweeping changes in function and form and these changes affect the banking business today. Many industries and business houses also have to adopt this banking revolution for their smooth activities.

The organization chart of a large organization or of a large money center bank is much more complex than that of a small bank. The key problem in such an organization is a span of control. Top level management has often knowledge about banking practices but is less informed about the products and services offered by subsidiary companies.

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In recent years, a number of large banks have moved toward the profit center approach, in which each major department strives to maximize its contribution to the bank’s profitability and closely monitors its own performance. Largest banks-possess some advantages because they serve many different markets with many different services. They are better diversified and they rarely depend on the economic fortunes of a single industry or in many cases, even of a single nation.

The tendency in recent years has been for most banking institutions to become more complex organizations over time. Another significant factor influencing banking organizations today is the changing makeup of the skills bankers need to function effectively and efficiently as market conditions and technology change.

Due to global trend government deregulation and the resultant increase in the number of competitors, banks become market driven. It means they are more alert to the changing service demands of their customers and also the challenges posed by the bank and nonbank competitors.

So it requires the appointment of bank management and staff who can devote more time to surveying customer service needs, developing new services, and modifying old services offering to reflect changing customer needs. Similarly, they are adopting computer-based systems and automation, modern technologies and automated bookkeeping have reduced the time managers spend in routine operations.

These are Nepal Bank Limited, Rastriya Banijya Bank Limited, Nabil Bank Limited, Nepal Investment Bank Limited, Standard Chartered Bank Limited, Himalayan Bank Limited, Nepal SBI Bank Limited, Nepal Bangladesh Bank Limited, Everest Bank Limited, Bank of Kathmandu Limited, Nepal Credit and Commerce Bank Limited, Lumbini Bank Limited, Nepal Industrial and Commercial Bank Limited,

Machhapuchre Bank Limited, Kumari Bank Limited, Laxmi Bank Limited, Siddharth Bank Limited, Global IME Bank Limited, Citizens Bank International Limited, Prime Commercial Bank Limited, NIC Asia Nepal Limited, Grand Bank Nepal limited, NMB Bank Limited, Kist Bank Limited, Mega Bank Limited,

Sunrise bank limited, Janata Bank limited, Commerz and Trust bank limited, Civil Bank limited, Century commercial bank limited, Sanima Bank limited and Nepal Agricultural Development Bank. All the detail of commercial bank in Nepal on the basis of name, year established, head office, links, etc are given below:

You are recommended to see also:

  1. Nature of Business of Union Bank of California (N.A.)
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  3. name list of finance companies bank in Nepal
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  5. Banking in Nepal: History of Banking System in Nepal

Name list of All The Commercial Banks in Nepal

S.N.Name of Commercial BankYear of establishment A.D.Head officeLinks to Related bank
1Nepal Bank Limited1957Kathmanduwww.nepalbank.com.np
2Rastriya Banijya Bank Limited1966Kathmanduwww.rbb.com.np
3Nabil Bank Limited1984Kathmanduwww.nabilbank.com
4Nepal Investment Bank Limited(previously Nepal Indosuez Bank)1986Kathmanduwww.nibl.com.np
5Standard Chartered Bank Limited(previously Nepal Grindlays Bank Limited)1987Kathmanduwww.standardchartered.com.np
6Himalayan Bank Limited1993Kathmanduwww.himalayanbank.com
7Nepal SBI Bank Limited1993Kathmanduwww.nepalsbi.com.np
8Nepal Bangladesh Bank Limited1993Kathmanduwww.nbbl.com.np
9Everest Bank Limited1994Kathmanduwww.everestbankltd.com
10Bank of Kathmandu Lumbini Limited1995Kathmanduboklumbini.com
11Nepal Credit and Commerce Bank Limited(Previously Nepal Bank of Ceylon Limited)1996BhairawaNccbank.com.np
12Machhapuchre Bank Limited2000PhokaraMachbank.com
13  Kumari Bank Limited2001Kathmanduwww.kumaribank.com
14 Laxmi Bank Limited2002Birjungwww.laxmibank.com
15Siddharth Bank Limited2002Kathmanduwww.siddharthabank.com
16Global IME Bank Limited2013BirjungGlobalimebank.com
17Citizens Bank International Limited2007KathmanduCtznbank.com
18Prime Commercial Bank Limited2007KathmanduEprimebank.com
19NIC Asia Nepal Limited2013Kathmandunicasiabank.com
20NMB Bank Limited2009KathmanduNmb.com.np
21Prabhu Bank Limited2009Kathmanduprabhubank.com
22Mega Bank Limited2009KathmanduMegabanknepal.com
23Sunrise bank limited2009KathmanduSunrisebank.com.np
24Janata Bank limited2009KathmanduJanatabank.com.np
25Civil Bank limited2010KathmanduCivilbank.com.np
26Century commercial bank limited2011KathmanduCenturybank.com.np
27Sanima Bank limited2011KathmanduSanimabank.com
28Agricultural Development Bank2024 B.S.Kathmanduadbl.gov.np

Name List of All the ‘Class A’ Commercial Banks in Nepal

Commercial Banks of Nepal

1Nepal Bank Limited – First commercial bank in Nepal

Nepal Bank Limited (NBL) is the first commercial bank of Nepal established on 15th November 1937 which marked the beginning of an era of formal banking of Nepal. Nepal government is the owner of the bank. The headquarter of the bank is in Dharmapath, Kathmandu. The CEO of Bank is Devendra Pratap Shah.

On 15th November 1937 (Kartik 30, 1994), King Tribhuvan inaugurated Nepal Bank Limited. Until the establishment of the bank, all monetary transactions were carried out by private dealers and trading center. Intensifying equity shares were not easy and simple. As well the mobilization of deposits was even more difficult.

This was marked when the bank presented equity shares of worth NPR 2,500,000 but was successful only in raising NPR 842,000. The total deposits for the first year were NPR 17,02,025. The current deposits were about NPR 12,98,898, the fixed deposit was about NPR 3,88,964 and saving deposit was NPR 14,163.

Loan expends and outstanding at the end of the first year was NPR 1,985,000. In 2007, Mr. Rohit Ghambole was appointed as a chief banker. He carried out investment in Tesco doughnut supplies from Yateley which is blamed to be the reason for the 2007 financial market crash.

From its creation, Nepal Bank Limited was a joint venture between the government and the private sector. When the bank was first started, there were only 10 shareholders. It’s authorized capital was NPR 10 million & issued capital NPR 2.5 million of which paid-up capital was NPR 842,000 with 10 shareholders.

The bank is providing banking through its branch offices in the different locations of the country. It has it’s 1 branch and it is flourishing its services and branches in other parts of the country. It provides the facility of deposit, various loan Services, advanced ABBS services from 133 branches, Internet Banking. It has ATM facilities all over the country.

2. Nepal Banijya Bank Limited-  Commercial bank in Nepal

Nepal Banijya Bank is the largest commercial bank in Nepal. The bank is fully owned by the Government of Nepal. It was established on January 23, 1966 (2022 Magh 10 BS) under the Rastriya Banijya Bank Act.

It provides various banking services to a wide range of customers and to the bank, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. The bank has the most extensive banking network with 161 branches. The head office of this bank is Singha Darbar Plaza, Kathmandu.

The bank can be called as a stable and people’s choice bank of Nepal. It is one of the pioneer banks with a history of half a century in the country. Earlier, the bank was constituted under RBB act 2021 with the full ownership of Nepal’s government but at present, the Bank has been running under the Bank and Financial Institute Act and Company Act 2063.

The Bank is licensed by NRB as an ‘A’ class commercial Bank of the country. This bank has grown up as a crucial component of the Nepalese economy. For the Fiscal Year 2014/15, the highest profit earning bank is Nepal Banijya Bank. Until the end of Fiscal Year 2015/16, the bank has second highest paid up capital after agriculture development bank.

In terms of deposit, the bank has collected more than Rs 130 Billion(F/Y 2015/16) which is the highest deposit of any commercial bank in Nepal in the fiscal year 2015/16.

Rastriya Banijya Bank is one of the forerunner banks in Nepalese market that has carried out Note Kosh Fund, Bharu Kosh Fund, Government Transaction, Pension Fund of Nepal Government. Besides more than 2 dozens of the branches of Banijya Bank are running in Losses but they are providing continue services to the general public because it is the government bank. The solo motive of the bank is not only the profit.

The bank is providing services in remote and undeveloped areas of Nepal. Rastriya Banijya Bank has made glorious history by contributing for the monetization of the economy, initiating preliminary financial literacy, eliminating dual currency in the market, help flourish industrial, commercial and financial sector of the country.

The bank has now developed as a modern and strong financial institute of the country. The Bank has been providing its incredible services in different parts of the country with 161 branches, 28 branches less banking (BLB), 17 counters and 72 itemsets. The Bank has many as 1.7 million satisfied /direct customers ranging from poor to top ones and millions of indirect ones.

The development of bank has drawn important imprint in the picture of the country’s economy by its significant involvement in the reliable use of its resources to enhance the production, income and employment opportunities.

Services provided by Rastriya Banijya Bank

  • RBB Credit- Business loan
  • Housing Loan
  • Vehicle Loan
  • Hire Purchase Loan
  • Educational loan
  • Apartment Loan
  • Loan Against Gold
  • Loan against fixed deposit
  • Loan against the government bond
  • Loan against shares
  • Loan against the first class bank guarantee
  • Rastra Sewak Loan
  • Teachers Loan
  • Personal Loan
  • Agricultural Loan
  • Deposit Current Account
  • Saving account
  • Fixed Deposit
  • Karmayogi Bachat Khata
  • Mahalaxmi Bachat Khata
  • Chhunamuna Bachat Khata
  • Sikshak Bachat Khata
  • Remittance Branch less
  • Banking ATM/ CDM
  • E-Banking Mobile Pay SMS
  • Banking Card Services (Debit/Credit Card)

3. Agriculture Development Bank Limited;  Commercial bank in Nepal

Agriculture development bank limited is a self-governing organization owned by the Government of Nepal. Since the last three decades, the bank has been working as a leading rural institution contributing a more than 67 percent of institutional credit supply in the country.

The principal operational area of Agriculture development bank limited is rural finance. The bank has been executing a Small Farmer Development Program which is the key poverty alleviation program launched in the country. Since 1984, the bank has also been involved in commercial banking operations.

The bank was commenced on January 2nd, 1968. In 1973, The Land Reform Savings Corporation was merged with ADBN. The headquarter of the bank is situated in Ramshah Path, Kathmandu. In February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967 was abolished with the enactment of Bank and Financial institution. On July 14th, 2005,

In link with the BAFIA, Agriculture Development Bank Limited has integrated as a public limited company on July 14, 2005. As well, under the legal framework of BAFIA and the Company Act, 2033, the bank operates as an “A” category financial Institution.

4. Nabil Bank Limited; Commercial bank in Nepal

Nabil Bank is a commercial bank in Nepal with branches all over Nepal. Its head office is situated in Nabil center, Durbar Marg, Kathmandu, which is the premium location of the capital.

The bank was founded on July 12th, 1984. The Predecessor of Nabil Bank is Nepal Arab Bank Limited. The CEO of Bank is Mr. Sashin Joshi. Nabil bank is the first foreign joint venture bank of Nepal. Nabil was unified with the objective of extending international standard modern banking services in various sectors of society.

Nabil bank is providing a wide range of commercial banking services through its 51 points of representation all over the country and over 170 correspondent banks across the globe. As well, it has the largest staff among private commercial banks of Nepal.

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Jitendra Sahayogee

I am Jitendra Sahayogee, a writer of 12 Nepali literature books, film director of Maithili film & Nepali short movies, photographer, founder of the media house, designer of some websites and writer & editor of some blogs, has expert knowledge & experiences of Nepalese society, culture, tourist places, travels, business, literature, movies, festivals, celebrations.

18 thoughts on “Name List of All the A-Class Commercial Banks in Nepal With Detail Information

  1. Its not Nepal Agricultural Development Bank, its Agricultural Development Bank Ltd. and was established way before that is 2024 B.S.

    1. We are collecting information about all the commercial bank of Nepal. We will publish in the future. But for now, Sudip jee, you can collect information from the their official website.

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