The concept of banking in Nepal dates back to the first half of 20th century. The first bank that was established in the country was Nepal Bank Limited (NBL). It was founded in 1937 AD. Establishment of NBL marked the
Tag: Access to banking
Financial inclusion an urgent call
Financial inclusion plays an important role in determining the socio-political and economic fabric of a country. In Nepal, access to finance is a need of every household and businesses. A government aiming for a balanced development of multi-sector should consider
NIBL wins Nepal’s Best Bank Award 2018
Nepal Investment Bank Limited (NIBL) has won Nepal’s Best Bank award from Euromoney magazine’s Awards for Excellence 2018, one of the most significant awards in financial services. Euromoney awards evaluate levels of service, financial performance and other achievements across the
Banking access in rural areas a must to formalize economy of Nepal: Finance Minister Yubaraj Khatiwada
Banks and financial institutions should play a pivotal role to make the economy of Nepal formal, promote financial inclusion, and propel economic growth in the country, The Himalayan Times reports Finance Minister Yubaraj Khatiwada as saying. Addressing the inauguration ceremony
The Trend of Domestic Savings in Nepal
The economy of Nepal is consumption oriented. Nepal Rastra Bank’s Fifth Household Budget Survey 2014-15 shows that Nepalis spend over 85% of income on consumption. Meanwhile, the World Bank’s Global Findex database 2017 shows that only 46% of the adult
The status of Financial Institutions in Nepal
The Financial Institutions in Nepal mainly comprises of the Central Bank which is better known as the Nepal Rastra Bank, the commercial banks, development banks, finance companies, and micro-credit development banks. The Nepalese financial system development has a very recent history, starting
Sakchyam partners with 14 commercial banks to establish 57 bank branches in rural part of Nepal
Sakchyam Access to Finance, a project run by Department for International Development has supported 14 Commercial Banks to establish 57 new branches in rural municipalities of Karnali Province and Province No. 5 & 7. These newly signed partnerships embody UKaid