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Nepal Bank Limited (Nepali: नेपाल बैंक लिमिटेड) is the first commercial bank of Nepal. It was established in 1937, by Juddha Shumsher , which marked the beginning of an era of formal banking in Nepal .
Nepal Rastra Bank head office located in Baluwatar, Kathmandu. The Nepal Rastra Bank (NRB; Nepali: नेपाल राष्ट्र बैंक) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector.
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.
Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; Nepali: राष्ट्रिय वाणिज्य बैंक) is fully government owned, and the largest commercial bank in Nepal. [1] [2] RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act.
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 ]
Nabil Bank, (Nepali: नबिल बैंक लिमिटेड; NEPSE: 131 formerly known as Nepal Arab Bank Limited, is the first private commercial bank in Nepal, established in 1984. It provides a wide range of commercial banking services, including branch banking, treasury, trade, cards, remittance, and investment banking through its ...
The merger was the first between of two commercial banks in the Nepalese Banking history. After the merger, NIC ASIA was recognized as ”Bank of the Year 2013-Nepal” by The Banker, Financial Times, UK. This is the second time that the bank was recognized with this prestigious award, the previous occasion being in 2007. [2]
Starting with King Mahendra who succeeded to his father Tribhuvan in 1955, the banknotes were issued by Nepal Rastra Bank (Nepal National Bank) which was founded in April 1956. The signature of the governors of this institution is found on the banknotes which were issued after this date.