List of banks in Nepal explained

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]

Class A: Commercial banks

Commercial banks are classified as Class "A" banks by the Nepal Rastra Bank. There are 20 commercial banks as of Mid Jan 2024.

Bank Name Headquarter Branches & Extension Counters Website
Agriculture Development BankRamshahpath, Kathmanduरु 18.88 Arab 290 https://adbl.gov.np/
Nepal BankBhugol Park, Kathmanduरु 14.69 Arab 290 https://nepalbank.com.np/
Rastriya Banijya BankSinghadurbar, Kathmanduरु 15.63 Arab 355 https://www.rbb.com.np/
Citizens Bank InternationalNarayanhitipath, Kathmanduरु 14.20 Arab 200 https://www.ctznbank.com/
Lazimpat, Kathmanduरु 11.77 Arab 135 https://everestbankltd.com/
Global IME Bank LimitedKamaladi, Kathmanduरु 36.13 Arab 435 https://www.globalimebank.com/
Kamaladi, Kathmanduरु 21.66 Arab 195https://www.himalayanbank.com/
Kumari BankNaxal, Kathmanduरु 26.23 Arab 350https://www.kumaribank.com/
Laxmi BankHattisar, Kathmanduरु 23.19 Arab 285https://www.laxmisunrise.com/
Machhapuchhre BankLazimpat, Kathmanduरु 11.63 Arab 180https://www.machbank.com/
Nabil BankTeendhara, Kathmanduरु 27.06 Arab 290https://www.nabilbank.com/
Nepal Investment BankDurbarmarg, Kathmanduरु 34.13 Arab 340https://www.nimb.com.np/
Kamaladi, Kathmanduरु 10.50 Arab 120https://nsbl.statebank/
NIC Asia BankThapathali, Kathmanduरु 14.92 Arab 480https://www.nicasiabank.com/
NMB Bank NepalBabarmahal, Kathmanduरु 18.37 Arab 210https://nmb.com.np/
Prabhu BankAnamnagar, Kathmanduरु 23.54 Arab 390 https://www.prabhubank.com/
Prime Commercial BankKamalpokhari, Kathmanduरु 19.40 Arab 195https://www.primebank.com.np/
Sanima BankNarayanchaur, Kathmanduरु 13.58 Arab 135https://www.sanimabank.com/
Siddhartha BankNaxal, Kathmanduरु 14.09 Arab 200https://www.siddharthabank.com/
Standard Chartered BankNaya Baneshwor, Kathmanduरु 9.43 Arab 15https://www.sc.com/np/

Defunct commercial banks

BankClosedFate
Bank of Asia Nepal2013Merged with NIC Bank and renamed NIC Asia Bank[2]
Bank of Kathmandu2023Merged with Global IME Bank[3]
Century Commercial Bank2023Acquired by Prabhu Bank[4]
Commerz & Trust Bank2014Merged with Global IME Bank[5]
Grand Bank Nepal2016Acquired by Prabhu Bank[6]
Janata Bank2019Merged with Global IME Bank[7]
KIST Bank2014Merged with Prabhu Bikas Bank[8]
Lumbini Bank2016Merged with Bank of Kathmandu [9]
Mega Bank Nepal2023Merged with Nepal Investment Bank and renamed as Nepal Investment Mega Bank[10]
Nepal Bangladesh Bank2022Acquired by Nabil Bank[11]
Nepal Credit & Commerce Bank2023Merged with Kumari Bank[12]
Civil Bank 2023Acquired by Himalayan Bank[13]
Sunrise Bank2023Merged with Laxmi Bank and renamed as Laxmi Sunrise Bank[14]

Class B: Development banks

Nepal Rastra Bank has licenced 17 development banks and has classified these on national and province level as per working area. There are 8 national level development banks and 9 province level development banks.

National Level Development Banks

Following is the list of National level development banks and their outlets.[15]

Bank Name Headquarter/ Corporate Office Website Branches & Extenson Counters
Garima Bikas BankLazimpat, Kathmanduhttps://www.garimabank.com.np/रु 5.68 Arab 134
Jyoti Bikas BankKamaladi, Kathmanduhttps://jbbl.com.np/रु 4.40 Arab 123
Kamana Sewa Bikas BankGyaneshwar, KathmanduGyaneshwor, Kathmanduhttps://kamanasewabank.com/रु 3.28 Arab 136
Lumbini Bikas BankDillibazaar, Kathmanduhttps://www.lumbinibikasbank.com/रु 3.52 Arab 91
Mahalaxmi Development BankDurbar Marg, Kathmanduhttps://www.mahalaxmibank.com/रु 4.17 Arab 104
Muktinath Bikash BankKamaladi, Kathmanduhttps://www.muktinathbank.com.np/रु 7.05 Arab 190
Sangrila Development BankKathmanduBaluwatar, Kathmanduhttps://www.shangrilabank.com/रु 3.43 Arab 112
Shine Resunga Development BankKalikanagar, Butwalhttps://srdb.com.np/रु 4.73 Arab 90
Following is the list of Province/District level development banks and their outlets.
Bank Name Headquarter/ Corporate Office Working Area Branches Website
Corporate Development BankAdarsanagar, BirgunjParsa districtरु 0.53 Arab 4 https://www.corporatebank.com.np/
Excel Development BankKoshi Provinceरु 1.25 Arab 46 https://edb.com.np/
Green Development BankSabhagriha Chowk, PokharaGandaki Provinceरु 0.52 Arab 16 https://greenbank.com.np/
Karnali Development BankSurkhet Road, NepalgunjKarnali Provinceरु 0.50 Arab 19 https://kdblnepal.com/
Miteri Development BankMahendrapath Dharan, SunsariKoshi Provinceरु 1.11 Arab 18 https://www.miteribank.com.np/
Narayani Development BankRatnanagar, Chitwan Chitwan Districtरु 0.26 Arab 5https://ndbl.com.np/
Salapa Bikash BankDiktel Bazar, Khotang Khotang Districtरु 0.35 Arab 6https://salapabikasbank.com.np/
Saptakoshi Development BankMain Road, BiratnagarKoshi Provinceरु 0.83 Arab 35https://skdbl.com.np/
Sindhu Bikas BankBanepa, KavrepalanchowkBagmati Provinceरु 0.56 Arab 27https://www.sindhubank.com.np/

Defunct Development Banks (National)

BankClosedFate
Om Development Bank2019Merged with NMB Bank [16]
Kailash Bikash Bank2020Merged with Prime Commercial Bank [17]
Deva Development Bank2020Acquired by Kumari Bank [18]
Gandaki Bikash Bank2020Merged with Mega Bank Nepal [19]
Tourism Development Bank2018Merged with Mega Bank Nepal
NIDC Development Bank2018Acquired by Rastriya Baninjya Bank [20]
Reliable Development Bank2017Acquired by Global IME Bank [21]
Siddhartha Development Bank2017Acquired by Janata Bank Nepal Limited[22]
Ace Development Bank2017Acquired by Nepal Investment Bank Limited[23]
Supreme Development Bank2017Merged with NCC Bank Nepal [24]

Class C: Finance Companies

Nepal Rastra Bank has licenced 17 finance companies as of mid july 2014. Among then 2 finance companies are problematic and 15 are operational.

Company Name Headquarter/ Corporate Office Working Area Branches Website
Best Finance Chabahil, KathmanduNationalरु 19https://bestfinance.com.np/
Central Finance Kupondole, LalitpurNationalरु 0.95 Arab 20https://centralfinance.com.np/
Gurkhas Finance Dillibazar, Kathmandu Nationalरु 0.87 Arab 27https://www.gurkhasfinance.com.np/
Goodwill Finance Hattisar, Kathmandu Nationalरु 0.95 Arab 19https://goodwillfinance.com.np/
Guheshwori Merchant Banking & Finance Pulchowk, Lalitpur Nationalरु 1.01 Arab 27https://www.gmbf.com.np/
ICFC Finance Bhatbhateni, Kathmandu Nationalरु 1.18 Arab 22https://www.icfcbank.com/
Janaki Finance Station Road, JanakpurMadhesh Provinceरु 0.69 Arab 5https://jfcjanakpur.com/
Manjushree Finance Nayabaneshwor, Kathmandu Nationalरु 1.35 Arab 27https://manjushreefinance.com.np/
Multipurpose Finance Bidhyapati Chowk, Janakpur Madhesh Provinceरु 0.61 Arab 5https://multipurposefinance.com/
Nepal Finance Kamaladi, Kathmandu Nationalरु 0.73 Arab 13https://nepalfinancelimited.com.np/
Pokhara Finance Newroad, PokharaNationalरु 1.05 Arab 26https://pokharafinance.com.np/
Progressive Finance New Road, Kathmandu Nationalरु 0.85 Arab 27https://www.pfltd.com.np/
Reliance Finance Pradarsani Marg, Kathmandu Nationalरु 1.12 Arab 22https://reliancenepal.com.np/
Samriddhi Finance Company Putalisadak,, KathmanduNationalरु 0.82 Arab 13https://www.sfcl.com.np/
Shree Investment & Finance Dillibazar, Kathmandu Nationalरु 0.98 Arab 13https://www.shreefinance.com.np/

Problematic Finance Companies

Folowing finance as declared problematic by Nepal Ratra bank and is under resolution process.

Class D: Micro Finance Financial Institutions

Micro finance financial institutions are classified as Class "D" banks by the Nepal Rastra Bank. There are 52 microfinance companies as of July 2024.Among them 49 are retail microfinance and 3 are wholesale microfinance companies.

Retail Microfinance Companies

Following are the retail microfinance companies and their outlets.[25]

Company Name Headquarter/ Corporate Office Working Area Branches
Aatmanirbhar Laghubitta Ghorahi, DangLumbiniरु 6.86 Crore 22
Aviyan Laghubitta Panauti, KavrepalanchowkNationalरु 25 Crore 61
Aarambha Chautari Laghubitta Banepa, KavrepalanchowkNationalरु 36.71 Crore142
Asha Laghubitta Madanpur, NuwakotNationalरु 64.16 Crore 143
Chhimek Laghubitta Old Baneshwor, KathmanduNationalरु 297.7 Crore 205
CYC Nepal Laghubitta Pokhara, KaskiNationalरु 26.62 Crore 125
Deprosc Laghubitta Bharatpur, ChitwanNationalरु 170.6 Crore 158
Dhaulagiri Laghubitta Baglung bazar, BaglungNationalरु 13.31 Crore59
Forward Laghubitta Duhabi, SunsariNationalरु 105.6 Crore 161
Ganapati Laghubitta Suklagandaki, TanahuNationalरु 15.15 Crore 44
Global IME Laghubitta Pokhara, KaskiNationalरु 61.89 Crore 124
Grameen Bikas Laghubitta Butwal,RupandehiNationalरु 98.25 Crore 195
Gurans Laghubitta Dhankutabazar, DhankutaKoshiरु 10.14 Crore36
Himalayan Laghubitta Chabahil, KathmanduNationalरु 31.98 Crore76
Infinity Laghubitta Gaidakot Nawalparasi, Nationalरु 50 Crore 100
Jeevan Bikas Laghubitta Katahari MorangNationalरु 134.7 Crore 165
Janautthan Samudayik Laghubitta Butwal, RupandehiNationalरु 17.01 Crore 40
Kalika Laghubitta Pokhara, KaskiNationalरु 37.23 Crore 101
Laxmi Laghubitta Maharajgung, KathmanduNationalरु 44.15 Crore96
Mahila Laghubitta Banepa, KavrepalanchowkNationalरु 21.76 Crore 84
Mahuli Laghubitta Bakdhuwa, SptariNationalरु 32.24 Crore66
Manushi Laghubitta Banepa, KavrepalanchowkNationalरु 10.94 Crore 37
Matribhumi Laghubitta [26] Budanilkantha, KathmanduNationalरु 74.33 Crore236
Mero Microfinance Laghubitta Battar, NuwakotNationalरु 132 Crore 151
Mithila Laghubitta Dhalkebar, DhanushaMadheshरु 19.60 Crore 45
Nadep Laghubitta Gajuri, DhadingNationalरु 48.58 Crore100
National Laghubitta Nilkantha, DhadingNationalरु 116.6 Crore 187
Nerude Mirmire Laghubitta Banepa, KavrepalanchowkNationalरु 139.8 Crore 233
Nesdo Samridda Laghubitta Kushma,ParbatNationalरु 25.50 Crore 57
NIC asia Laghubitta Banepa, KavrepalanchowkNationalरु 173.9 Crore 296
Nirdhan Uthhan Laghubitta Naxal, KathmanduNationalरु 261.2 Crore 200
NMB Laghubitta Pokhara, KaskiNationalरु 72.14 Crore156
Sampada Laghubitta[27] Gorkha,GorkhaNationalरु 70.00 Crore 186
Samaj Laghubitta Malangawa, SarlahiMadeshरु 2.29 Crore6
Samata Garelu Laghubitta [28] Banepa, KavrepalanchowkNationalरु 45.00 Crore 100
Samudayik Laghubitta Banepa, KavrepalanchowkNationalरु 17.52 Crore43
Shrinjansil Laghubitta Golbazar, SirahaNationalरु 10.94 crore 34
Super Laghubitta Tulsipur, DangProblematicरु 1.95 Crore 25
Support Laghubitta Itahari, Sunsari Koshiरु 9.52 Crore 26
Suryodaya Womi Laghubitta Banepa, KavrepalanchowkNationalरु 79.19 Crore 194
Swabalamban Laghubitta Kamalpokhari, KathmanduNationalरु 145 Crore 155
Swabhiman Laghubitta Tillottama, RupandehiLumbiniरु 16.61 Crore37
Swastik Laghubitta Lahan, SirahaMadeshरु 1.20 Crore 13
Sworojgar Laghubitta Banepa, KavrepalanchowkNationalरु 67.11 Crore 91
Unique Nepal Laghubitta Kohalpur, BankeNationalरु 14.86 Crore 42
Unnati Sahakarya Laghubitta Siddharthanagar, RupandehiNationalरु 24.69 Crore 84
Upakar Laghubitta Kohalpur, BankeLumbiniरु 10.61 Crore 34
Vijaya Laghubitta Gaidakot, NawalparasiNationalरु 74.50 Crore148
Wean Nepal Laghubitta Banepa, KavrepalanchowkBagmatiरु 7.92 Crore 23

Wholesale Microfinance Companies

Following are the wholesale microfinance companies as of June 2024.

Company Name Headquarter/ Corporate Office Working Area Branches
First Microfinance Laghubitta Gyaneswar, KathmanduNationalरु 1.23 Arab 3
Sana Kisan Bikas Laghubitta Babarmahal, KathmanduNationalरु 3.81 Arab 13
RSDC Laghubitta Rupandehi, ButwalNationalरु 0.94 Arab 3

Infrastructure Development Bank

Infrastructure Development Bank is non-classified Financial Institution licensed by Nepal Rastra Bank. There is one BFI as of January 2024.

Notes and References

  1. Web site: https://www.nrb.org.np/bank-list/ BFI's outlets ]. 6 June 2024 . Nepal Rastra Bank.
  2. Web site: 14 July 2013 . https://www.spotlightnepal.com/2013/07/14/nic-asia-bank-successful-merger/ NIC ASIA Bank : Successful Merger ]. 2023-01-12 . SpotlightNepal . en.
  3. Web site: 2023-01-08 . https://thehimalayantimes.com/business/global-ime-bank-bok-joint-operation Global IME Bank, BoK joint operation ]. 2023-01-12 . The Himalayan Times . en.
  4. Web site: https://theannapurnaexpress.com/news/prabhu-bank-completes-acquisition-of-century-bank-36869 Prabhu Bank completes acquisition of Century Bank ]. 2023-01-12 . The Annapurna Express . en.
  5. Web site: https://kathmandupost.com/money/2014/04/10/global-commerz-trust-merge-starts-operations Global, Commerz & Trust merge; starts operations ]. 2023-01-12 . kathmandupost.com . English.
  6. Web site: https://kathmandupost.com/money/2016/02/13/prabhu-grand-start-joint-ops-after-merger Prabhu, Grand start joint ops after merger ]. 2023-01-12 . kathmandupost.com . English.
  7. Web site: Joshi . Kriti . 2019-12-07 . https://thehimalayantimes.com/business/global-ime-janata-start-integrated-transaction Global IME, Janata start integrated transaction ]. 2023-01-12 . The Himalayan Times . en.
  8. Web site: https://kathmandupost.com/money/2014/09/16/prabhu-bank-starts-ops Prabhu Bank starts ops ]. 2023-01-12 . kathmandupost.com . English.
  9. Web site: https://kathmandupost.com/money/2016/07/15/merged-bok-lumbini-start-joint-operations Merged BoK, Lumbini start joint operations ]. 2023-01-12 . kathmandupost.com . English.
  10. Web site: https://ekantipur.com/business/2023/01/12/167348680300226907.html इन्भेस्टमेन्ट र मेगा बैंक गाभिए, एकीकृत कारोबार सुरु ]. 2023-01-12 . ekantipur.com . ne.
  11. Web site: 2022-07-12 . https://thehimalayantimes.com/business/nabil-completes-acquisition-of-nbb Nabil completes acquisition of NBB ]. 2023-01-12 . The Himalayan Times . en.
  12. Web site: 2023-01-02 . https://thehimalayantimes.com/business/kbl-nccb-merge KBL, NCCB merge ]. 2023-01-12 . The Himalayan Times . en.
  13. Web site: 2023-02-25 . https://thehimalayantimes.com/business/hbl-and-cbl-start-joint-operation HBL and CBL start joint operation ]. 2023-07-15 . The Himalayan Times . en.
  14. Web site: https://www.karobardaily.com/news/227233 एकीकृत कारोबार गर्दै 'लक्ष्मी सनराइज बैंक लिमिटेड' ]. 2023-07-15 . Karobar Daily . en.
  15. Web site: https://www.nrb.org.np/contents/uploads/2024/05/List-of-BFIs-Chaitra-2080-English.pdf List of BFIs ]. nrb.org.np. en.
  16. Web site: https://www.sharesansar.com/newsdetail/nmb-bank-and-om-development-bank-to-commence-joint-operation-as-nmb-bank-from-ashwin-11-2076paid-up-capital-and-reserves-to-reach-rs-2042-arba NMB Bank & Om Development bank start joint transaction after merger]. 2019-09-24 . en.
  17. Web site: https://www.sharesansar.com/announcementdetail/prime-commercial-bank-limited-and-kailash-bikas-bank-limited-have-received-final-merger-approval-from-nrb-to-commence-their-joint-transaction-in-the-name-of-prime-commercial-bank-limited-from-29th-falgun-2076#:~:text=Share%20Kheladi-,Prime%20Commercial%20Bank%20Limited%20and%20Kailash%20Bikas%20Bank%20Limited%20have,Limited%20from%2029th%20Falgun%2C%202076. Prime Bank & Kailash Bikash bank start joint transaction after merger]. 2020-03-10 . en.
  18. Web site: https://myrepublica.nagariknetwork.com/news/kumari-bank-to-acquire-deva-bikas-bank/#:~:text=KATHMANDU%2C%20Jan%2020%3A%20Kumari%20Bank,class%20development%20bank%20on%20Wednesday. Kumari Bank & Deva Development bank start joint transaction after acquisition]. 2020-01-20 . en.
  19. Web site: https://eng.merolagani.com/NewsDetail.aspx?newsID=61668#:~:text=Mega%20Bank%20acquires%20Gandaki%20Bikas,on%20July%203%20and%204. Mega Bank & Gandaki Bikash bank start joint transaction after merger]. 2020-06-30 . en.
  20. Web site: https://kathmandupost.com/money/2018/05/03/rbb-acquires-nidc-to-become-2nd-largest-bank Rastriya Baninjya Bank & NIDC Development bank start joint transaction after aquisition]. 2018-05-03 . en.
  21. Web site: https://www.sharesansar.com/newsdetail/global-ime-bank-to-start-joint-operation-from-asadh-25-after-acquiring-reliable-dev-bank Global IME Bank & Reliable Development bank start joint transaction after acquisition]. 2017-07-07 . en.
  22. Web site: https://myrepublica.nagariknetwork.com/news/janata-bank-acquires-siddhartha-dev-bank/ Janata Bank Nepal & Siddhartha Development bank start joint transaction after acquisition]. 2017-07-17 . en.
  23. Web site: https://kathmandupost.com/money/2017/07/14/nibl-starts-joint-operation-with-ace-development-bank Nepal Investment Bank & AceDevelopment bank start joint transaction after acquisition]. 2017-07-14 . en.
  24. Web site: https://eng.merolagani.com/NewsDetail.aspx?newsID=29332#:~:text=NCC%20Bank%20has%20commenced%20its,Bank%20and%20Supreme%20Development%20Bank. NCC Bank & Supreme Development bank start joint transaction after merger]. 2017-01-01. en.
  25. Web site: BFIs Branches. nrb.org.np .
  26. Web site: https://www.investopaper.com/news/jalpa-laghubitta-to-merge-with-kisan-laghubitta/ Jalpa Laghubitta to Merge with Kisan Laghubitta ]. investopaper.com . 2024-06-12 . 2024-06-14.
  27. Web site: https://bizmandu.com/content/20240628105846.html तनहुँको सबैको र गोरखाको साधना लघुवित्तले पाए एकीकृत कारोबार गर्ने स्वीकृति ]. bizmandu.com . 2024-06-28.
  28. Web site: https://www.sharesansar.com/announcementdetail/samata-gharelu-laghubitta-bittiya-sanstha-limited-after-the-successful-acquisition-of-manakamana-smart-laghubitta-bittiya-sanstha-limited-to-commence-its-joint-operation-in-the-name-of-samata-gharelu-laghubitta-bittiya-sanstha-limited-from-24th-ashad-2081-2024-06-28 Samata Gharelu Laghubitta Bittiya Sanstha Limited after the successful acquisition of Manakamana Smart Laghubitta Bittiya Sanstha Limited to commence its joint operation in the name of "Samata Gharelu Laghubitta Bittiya Sanstha Limited" from 24th Ashad, 2081 ]. sharesansar.com . 2024-06-28 . 15 December 2016 .

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