This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank.[1]

Class A: Commercial banks

Commercial banks are rated as Class "A" banks by the Nepal Rastra Bank. There are 20 commercial banks as of Mid Jan 2024. (B.S. 2079-2080:Quarter 2)[1]

Bank Name Established Headquarters Paid-up capital
Agriculture Development Bank 1968 Ramshahpath, Kathmandu रु 18.88 Arab
Nepal Bank 1937 Babarmahal, Kathmandu रु 14.69 Arab
Rastriya Banijya Bank 1966 Singhadurbarplaza, Kathmandu रु 15.64 Arab
Citizens Bank International Limited 2007 Narayanhitipath, Kathmandu रु 14.20 Arab
Everest Bank 1994 Lazimpat, Kathmandu रु 11.77 Arab
Janata Bank Nepal Limited 2023 Kamaladi, Kathmandu रु 36.13 Arab
Himalayan Bank 1993 Kamaladi, Kathmandu रु 21.66 Arab
Kumari Bank 2023 Durbarmarg, Kathmandu रु 26.23 Arab
Laxmi Bank 2023 Hattisar, Kathmandu रु 21.67 Arab
Machhapuchhre Bank 2012 Lazimpat, Kathmandu रु 11.62 Arab
Nabil Bank 1984 Beena Marg, Kathmandu रु 27.06 Arab
Nepal Investment Bank 2023 Durbarmarg, Kathmandu रु 34.13 Arab
Nepal SBI Bank 1993 Kesharmahal, Kathmandu रु 10.12 Arab
NIC Asia Bank 2013 Thapathali, Kathmandu रु 14.92 Arab
NMB Bank 2008 Babarmahal, Kathmandu रु 18.37 Arab
Prabhu Bank 2023 Babarmahal, Kathmandu रु 23.54 Arab
Prime Commercial Bank 2007 Kamalpokhari, Kathmandu रु 19.40 Arab
Sanima Bank 2012 Nagpokhari, Kathmandu रु 13.58 Arab
Siddhartha Bank 2002 Hattisar, Kathmandu रु 14.09 Arab
Standard Chartered Bank 1987 Nayabaneshwor, Kathmandu रु 9.43 Arab

Defunct commercial banks

Bank Closed Fate
Bank of Asia Nepal 2013 Merged with NIC Bank and renamed NIC Asia Bank[2]
Bank of Kathmandu 2023 Merged with Global IME Bank[3]
Century Commercial Bank 2023 Acquired by Prabhu Bank[4]
Commerz & Trust Bank 2014 Merged with Global IME Bank[5]
Grand Bank Nepal 2016 Merged with Prabhu Bank[6]
Global Bank 2012 Merged with IME Financial Institution and Lord Buddha Finance and renamed Global IME Bank[7]
Janata Bank 2019 Merged with Global IME Bank[8]
KIST Bank 2014 Merged with Prabhu Bikas Bank, Gaurishankar Development Bank & Zenith Finance and renamed Prabhu Bank[9]
Lumbini Bank 2016 Merged with Bank of Kathmandu and operated as Bank of Kathmandu Lumbini; later renamed to Bank of Kathmandu in 2017[10][11]
Mega Bank Nepal 2023 Merged with Nepal Investment Bank and renamed Nepal Investment Mega Bank[12]
Nepal Bangladesh Bank 2022 Acquired by Nabil Bank[13]
Nepal Credit & Commerce Bank 2023 Merged with Kumari Bank[14]
Nepal Investment Bank 2023 Merged with Mega Bank Nepal and renamed Nepal Investment Mega Bank[12]
Nepal Industrial and Commercial Bank 2013 Merged with Bank of Asia Nepal and renamed NIC Asia Bank[2]
Civil Bank 2023 Acquired by Himalayan Bank[15]
Laxmi Bank 2023 Merged with Sunrise Bank and renamed Laxmi Sunrise Bank[16]
Sunrise Bank 2023 Merged with Laxmi Bank and renamed Laxmi Sunrise Bank[16]

Class B: Development banks

Development banks are rated as Class "B" banks by the Nepal Rastra Bank. There are 17 development banks as of January 2023.[1]

Bank Name Established Headquarters Working Area Paid-up capital
Corporate Development Bank 2007 Birgunj, Madhesh 3 Districts रु 0.53 Arab
Excel Development Bank 2005 Birtamod, Koshi Provincial रु 1.25 Arab
Garima Bikas Bank 2007 Lazimpat, Kathmandu National रु 5.19 Arab
Green Development Bank 2013 Pokhara, Gandaki 5 Districts रु 0.52 Arab
Jyoti Bikas Bank 2008 Kamaladi, Kathmandu National रु 4.40 Arab
Kamana Sewa Bikas Bank 2006 Gyaneshwor, Kathmandu National रु 3.14 Arab
Karnali Development Bank 2004 Nepalgunj, Lumbini 5 Districts रु 0.50 Arab
Lumbini Bikas Bank 1998 Dillibazaar, Kathmandu National रु 3.52 Arab
Mahalaxmi Development Bank 1995 Durbar Marg, Kathmandu National रु 4.17 Arab
Miteri Development Bank 2006 Dharan, Koshi 5 Districts रु 1.11 Arab
Muktinath Bikash Bank 2007 Kamaladi, Kathmandu National रु 7.04 Arab
Narayani Development Bank 2001 Ratnanagar, Bagmati 3 Districts रु 0.26 Arab
Salapa Bikash Bank 2013 Diktel, Koshi 1 District रु 0.35 Arab
Saptakoshi Development Bank 2012 Dhankuta, Koshi 7 Districts रु 0.83 Arab
Sangrila Development Bank 2014 Baluwatar, Kathmandu National रु 3.43 Arab
Shine Resunga Development Bank 2013 Butwal, Lumbini National रु 4.73 Arab
Sindhu Bikas Bank 2010 Barhabise, Bagmati 5 Districts रु 0.56 Arab

Class C: Finance Companies

Finance companies are rated as Class "C" banks by the Nepal Rastra Bank. There are 17 finance companies as of January 2023.[1]

Company Name Established Headquarters Working Area Paid-up capital
Best Finance 1995 Chabahil, Kathmandu National रु 0.85 Arab
Capital Merchant Banking & Finance 2002 Battisputali, Kathmandu Problematic रु 0.94 Arab
Central Finance 1996 Kupondole, Lalitpur National रु 0.95 Arab
Gurkhas Finance 1994 Dillibazar, Kathmandu National रु 0.87 Arab
Goodwill Finance 1995 Hattisar, Kathmandu National रु 0.95 Arab
Guheshwori Merchant Banking & Finance 2002 Pulchowk, Lalitpur National रु 1.01 Arab
ICFC Finance 2004 Bhatbhateni, Kathmandu National रु 1.18 Arab
Janaki Finance 1997 Janakpurdham, Madhesh Provincial रु 0.69 Arab
Manjushree Finance 2007 Nayabaneshwor, Kathmandu National रु 1.35 Arab
Multipurpose Finance 1998 Rajbiraj, Madhesh 5 Districts रु 0.61 Arab
Nepal Finance 1993 Kamaladi, Kathmandu National रु 0.73 Arab
Nepal Share Markets and Finance 1993 Ramshahapath, Kathmandu Problematic रु 0.23 Arab
Pokhara Finance 1997 Pokhara, Gandaki National रु 1.05 Arab
Progressive Finance 1996 New Road, Kathmandu National रु 0.85 Arab
Reliance Finance 2009 Pradarsani Marg, Kathmandu National रु 1.12 Arab
Samriddhi Finance Company 2001 Hetauda, Bagmati National रु 0.82 Arab
Shree Investment & Finance 1994 Dillibazar, Kathmandu National रु 0.98 Arab

Class D: Micro Finance Financial Institutions

Micro finance financial institutions are classified as Class "D" banks by the Nepal Rastra Bank. There are 55 micro finance companies as of March 2024. Among them 3 microfinance companies are wholesale microfinance and remaining 52 are retail microfinance companies.

Retail Microfinance Companies

Following are the retail microfinance companies. [1]

Wholesale Microfinance Companies

Following are the wholesale microfinance companies as of July 2023. [1]

Infrastructure Development Bank

Infrastructure Development Bank is non-classified Financial Institution licensed by Nepal Rastra Bank. There is one BFI as of June 2023.[1]

References

  1. ^ a b c d e f g "BFI's List in English (Mid Jan 2023)" (PDF). Nepal Rastra Bank. Retrieved 4 May 2023.
  2. ^ a b "NIC ASIA Bank : Successful Merger". SpotlightNepal. 14 July 2013. Retrieved 2023-01-12.
  3. ^ "Global IME Bank, BoK joint operation". The Himalayan Times. 2023-01-08. Retrieved 2023-01-12.
  4. ^ "Prabhu Bank completes acquisition of Century Bank". The Annapurna Express. Retrieved 2023-01-12.
  5. ^ "Global, Commerz & Trust merge; starts operations". kathmandupost.com. Retrieved 2023-01-12.
  6. ^ "Prabhu, Grand start joint ops after merger". kathmandupost.com. Retrieved 2023-01-12.
  7. ^ "From IME to Global IME Bank: Story behind Nepal's leading commercial bank". Fiscal Nepal. 31 May 2020. Retrieved 2023-01-12.
  8. ^ Joshi, Kriti (2019-12-07). "Global IME, Janata start integrated transaction". The Himalayan Times. Retrieved 2023-01-12.
  9. ^ "Prabhu Bank starts ops". kathmandupost.com. Retrieved 2023-01-12.
  10. ^ "Merged BoK, Lumbini start joint operations". kathmandupost.com. Retrieved 2023-01-12.
  11. ^ "BOKL to endorse to rename the company back to "Bank of Kathmandu Limited"". eng.merolagani.com. Retrieved 2023-01-12.
  12. ^ a b "इन्भेस्टमेन्ट र मेगा बैंक गाभिए, एकीकृत कारोबार सुरु". ekantipur.com (in Nepali). Retrieved 2023-01-12.
  13. ^ "Nabil completes acquisition of NBB". The Himalayan Times. 2022-07-12. Retrieved 2023-01-12.
  14. ^ "KBL, NCCB merge". The Himalayan Times. 2023-01-02. Retrieved 2023-01-12.
  15. ^ "HBL and CBL start joint operation". The Himalayan Times. 2023-02-25. Retrieved 2023-07-15.
  16. ^ a b "एकीकृत कारोबार गर्दै 'लक्ष्मी सनराइज बैंक लिमिटेड'". Karobar Daily. Retrieved 2023-07-15.
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