Name list of All the “Class B’ Development Banks in Nepal

Most developing countries are facing with scarcity of capital. They need development banks, as the existing financial agencies cannot co-ordinate and integrate with the long-term development requirements. Development banks are thus established in different underdeveloped countries to suit the development need of the countries. Development banks are established for the development of certain special sector. Development banks collect funds from share capital, debentures, long term deposit and refinance from central banks and provide long &medium term loans. They also play an important role in promoting investment projects, undertaking project reports and providing technical advice and managerial services. Nepal Industrial Development Corporation (NIDC) was established in 1956 for the industrial development in Nepal. Similarly Agricultural Development Bank was established in 1968 for the agriculture sector development.

Name list of All the “Class B’ Development Banks in Nepal

development banks in nepal

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Here is name list of all the “Class B’ Development Banks in Nepal. Development banks in Nepal are playing vital roles for the development of economy status of Nepal.  Nepal has many nationalized and private banking. There are 87 development banks in Nepal. All the detail of development bank in Nepal on the basis of name, year established, head office, paid up capital are given below:

Name list of “Class B’ Development Banks in Nepal

name list of development banks in NepalNepali banks namesName list of All the “Class B’ Development Banks in NepalSee also: Name list of All the “Class A’ Commercial Banks in NepalNature of Business of Union Bank of California (N.A.)Huntington Bank Hours of Operation

Nepali banksdevelopment banks of Nepal

S.N.Name of development Banks in NepalYear established in A.D.Head officePaid up Capital(Rs.’ 00′ in thousands)
1Nepal Industrial Development Corporation1959/06/15Durbar Marg, Kathmandu

4158

2Uddyam Development Bank Ltd.1999/11/11Narayangadh, Chitawan

500

3Malika Development Bank Ltd.1998/12/19Dhangadhi, Kailali

2048

4Siddhartha Development Bank Ltd.1998/08/20Tinkune, Kathmandu

6450

5United Development Bank Ltd.2002/03/16Jeetpur, Bara

802

6Manakamana Development Bank Ltd.2001/06/19Durbar Marg, Kathmandu

10000

7Narayani Development Bank Ltd.2001/10/17Ratna Nagar, Chitawan

655

8Pashimanchal Development Bank Ltd.2003/03/02Mitrapark, Rupandehi

3365

9Sahayogi Bikas Bank Ltd.2003/10/21Janakpur, Dhanusha

750

10Pashupati Development Bank Ltd.2004/01/01Banepa, Kavre

6632

11Karnali Bikash Bank Ltd.2004/02/14Nepalgunj, Banke

800

12Triveni Development Bank Ltd.2004/07/26Narayangadh, Chitawan

1357

13Annapurna Development Bank Ltd.2004/08/23Banepa, Kavre

6720

14Bhrikuti Bikas Bank Ltd.2004/08/19Butawal, Rupandehi

2792

15Shubhechchha Bikas Bank Ltd.2004/09/14Narayangadh, Chitawan

1008

16Bageshowri Development Bank Ltd.2004/10/19Nepalgunj, Banke

594

17Sanima Bikas Bank Ltd.2004/11/26Kamalpokhari, Kathmandu

20160

18Gaurishankar Development Bank Ltd.2004/11/29Kawasoti, Nawalparasi

2100

19Gorkha Bikas Bank Ltd.2004/12/01Putalisadak, Kathmandu

6608

20Gandaki Bikas Bank Ltd.2005/01/19Pokhara, Kaski

2000

S.N.Name of development Banks in NepalYear established in A.D.Head officePaid up Capital(Rs.’ 00′ in thousands)
21Infrastructure Development Bank Ltd.2005/04/29Banepa, Kavre

6607

22Business Development Bank Ltd.2005/05/10Pokhara, Kaski

6901

23Biratlaxmi Bikas Bank Ltd.2005/05/11Biratnagar, Morang

605

24Excel Development Bank Ltd.2005/07/21Birtamod, Jhapa

800

25Western Development Bank Ltd.2005/09/15Ghorahi, Dang

500

26H. & B. Development Bank Ltd.**2011/06/15Kamalpokhari , Kathmandu

8979

27Arniko Development Bank Ltd.2006/07/06Dhulekhel, Kavre

2000

28NDEP Development Bank Ltd.2006/07/17Kamaladi, Kathmandu

5461

29Clean Energy Development Bank Ltd.2006/09/06Sitapaila, Kathmandu

10550

30Miteri Development Bank Ltd.2006/10/13Dharan, Sunsari

903

31Tinau Bikas Bank Ltd.2006/10/13Butwal, Rupandehi

1000

32Rising Development Bank Ltd.2006/12/18Gaidakot, Nawalparasi

1400

33Muktinath Bikas Bank Ltd.2006/12/18Pokhara, Kaski

1300

34Sewa Bikas Bank Ltd.2007/02/25Butawal, Rupandehi

1000

35Kankai Bikas Bank Ltd.2007/05/04Damak , Jhapa

400

36Public Development Bank Ltd.2007/06/07Birjunj , Parsa

1500

37Ace Development Bank Ltd.2007/08/15Narayanchaur, Kathmandu

7505

38Mahakali Bikas Bank Ltd.2007/08/18Mahendranagar, Kanchanpur

356

39Sangrila Bikas Bank Ltd.2007/08/26Newroad Pokhara, Kaski

2240

40Bhargab Bikas Bank Ltd.2007/08/30Nepalgunj, Banke

600

41Vibor Bikas Bank Ltd.2007/10/04Tripureshwor, Kathmadu

6818

42Resunga Bikas Bank Ltd.2007/09/26Tamghas, Gulmi

306

43Rara Bikas Bank Ltd.2007/09/30Birendranagar, Surkhet

2001

44Diyalo Bikas Bank Ltd.2007/10/01Banepa, Kavre

1000

45Country Development Bank Ltd.2007/10/04Banepa, Kavre

3200

46Kasthamandap Development Bank Ltd.2007/10/25New Road, Kathmandu

3360

47Alpine Development Bank Ltd.2007/10/05Hetauda, Makawanpur

1000

48Nilgiri Bikas Bank Ltd.2007/10/12Beni, Myagdi

500

49Corporate Development Bank Ltd.2007/10/25Birjung, Parsa

1400

50Kamana Bikas Bank Ltd.2007/09/29Lekhnath, Kaski

2000

51City Development Bank Ltd.2007/10/19Pokhara, Kaski

2000

52Garima Bikas Bank Ltd.2007/11/23Pokhara, Kaski

2000

53Biswo Bikas Bank Ltd.2007/11/21Pokhara, Kaski

2400

54Pathibhara Bikas Bank Ltd.2007/11/21Urlabari, Morang

500

55Professional Bikas Bank Ltd.2007/10/17Banepa, Kavre

1000

56Kabeli Bikas Bank Ltd.2007/11/15Dhankuta

200

57Purnima Bikas Bank Ltd.2008/05/20Sidhardhanagar, Rupandehi

1000

58Jyoti Development Bank Ltd.2008/08/25Kamalpokhari, Kathmandu

7400

59Shine Development Bank Ltd.2009/02/22Butawal, Rupandehi

1200

60Bagmati Development Bank Ltd.2009/03/23Hariwon, Sarlahi

140

S.N.Name of development Banks in NepalYear established in A.D.Head officePaid up Capital(Rs.’ 00′ in thousands)
61Hamro Bikas Bank Ltd.2009/04/19Battar, Nuwakot

210

62Kakre Bihar Bikas Bank Ltd.2009/05/15Birendranagar, Surkhet

180

63Pacific Development Bank Ltd.2009/07/26Beshishahar, Lamjung

374

64Civic Development Bank Ltd.2009/08/13Dhadingbesi, Dhading

140

65International Development Bank Ltd.2009/09/04Taku, Kathmandu

4480

66Kanchan Development Bank Ltd.2009/09/19Mahendranagar, Kanchanpur

700

67Gulmi Bikas Bank Ltd.2009/09/24Tamghas, Gulmi

140

68Bright Development Bank Ltd.2009/10/08Panouti, Kavre

980

69Matribhumi Bikas Bank Ltd.2009/10/09Sindhulimadi, Sindhuli

154

70Innovative Development Bank Ltd.2009/11/13Sidhardhanagar, Rupandehi

663

71Jhimruk Bikas Bank Ltd.2009/12/14Bagdula,Pyuthan

120

72Metro Development Bank Ltd.2009/12/16Pokhara, Kaski

700

73Raptibheri Bikas Bank Ltd.2010/01/15Nepalgunj, Banke

600

74Gaumukhi Bikas Bank Ltd.2010/01/25Bijuwar, Pyuthan

140

75Nepal Consumer Development Bank Ltd2010/02/5Pokhara, Kaski

1400

76Khandbari Development Bank Ltd.2010/03/5Khandbari, Sankhuwasava

175

77Tourism Development Bank Ltd.2010/03/18Thamel, Kathmandu

4000

78Mission Development Bank Ltd.2010/06/15Butwal, Rupandehi

700

79Surya Development Bank Ltd.2010/07/18Charikot, Dolkha

140

80Mount Makalu Development Bank Ltd.2010/07/21Basantapur, Terathum

140

81Sindhu Bikas Bank Ltd.2010/09/09Barhabise, Sindhupalchowk

510

82Social Development Bank Ltd.2010/10/12Naxal, Kathmandu

3827

83Sahara Development Bank Ltd.2010/10/27Mahangawa,Sarlahi

140

84Nepal Community Development Bank Ltd.2010/11/03Butwal, Rupendehi

700

85Cosmos Development Bank Ltd.2010/11/17Gorkhabazar, Gorkha

175

86Manasalu Development Bank Ltd.2010/12/14Buspark, Gorkha

700

87Samabriddhi Development Bank Ltd.2010/12/31Gajuri,Dhading

700

 source: Nepal Rastra bank

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