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 beginning of an era of formal banking in Nepal. In this article, we present you the List of Banks in Nepal.

List of banks in Nepal

1. The Central Bank of Nepal: Nepal Rastra Bank

2. Commercial Banks (Class ‘A’ Banks)

3. Development Banks (Class ‘B’ Banks)

4. Finance Companies (Class ‘C’ Banks)

5. Micro Credits Development Banks (Class ‘D’ Banks)

1. The Central Bank of Nepal: Nepal Rastra Bank

Nepal Rastra Bank was established in 1956 AD as the Central Bank of Nepal. It is the monetary, regulatory and supervisory authority of banks and financial institutions. Key objectives of the Bank are to achieve price and balance of payments stability, manage liquidity and ensure financial stability, develop a sound payments system, and promote financial services. Dr. Chiranjibi Nepal is the current Governor of Nepal Rastra Bank.

The operations of all the banks in Nepal are controlled by Nepal Rastra Bank.

The following are the list of banks in Nepal, licensed by Nepal Rastra Bank:

2. Commercial Banks

Commercial banks are Class ‘A’ type Financial Institutions. Nepal Bank Limited (established in 1937 AD) is the first commercial bank in Nepal. Commercial banks perform all kinds of the banking business. The primary function of commercial banks is receiving deposits and lending to others. Functions of the commercial banks are; accepting deposits; advancing loan, letter of credit, guarantee, remittance, e-banking, bills etc.

These banks provide banking facility to the customer through bank branches, branchless banking service, mobile banking, internet banking, ATMs, debit cards, credit cards, etc.

As per the latest data from Nepal Rastra Bank (Asar, 2076), at present, there are a total of 28 Commercial Banks in Nepal. So far, a total of 3585 branches of commercial banks have been established across the nation.

  1. Nepal Bank Ltd. (NBL)
  2. Rastriya Banijya Bank Ltd. (RBB)
  3. Nabil Bank Ltd. (NABIL)
  4. Nepal Investment Bank Ltd. (NIBL)
  5. Standard Chartered Bank Nepal Ltd. (SCBNL)
  6. Himalayan Bank Ltd. (HBL)
  7. Nepal SBI Bank Ltd. (NSBI)
  8. Nepal Bangaladesh Bank Ltd. (NBB)
  9. Everest Bank Ltd. (EBL)
  10. Bank of Kathmandu Lumbini Ltd. (BOK)
  11. Nepal Credit and Commerce Bank Ltd. (NCC)
  12. NIC ASIA Bank Ltd. (NIC)
  13. Machhapuchhre Bank Ltd. (MBL)
  14. Kumari Bank Ltd. (Kumari)
  15. Laxmi Bank Ltd. (Laxmi)
  16. Siddhartha Bank Ltd. (SBL)
  17. Agriculture Development Bank Ltd. (ADBNL)
  18. Global IME Bank Ltd. (Global)
  19. Citizens Bank International Ltd. (Citizens)
  20. Prime Commercial Bank Ltd. (Prime)
  21. Sunrise Bank Ltd. (Sunrise)
  22. NMB Bank Ltd. (NMB)
  23. Prabhu Bank Ltd. (PRABHU)
  24. Janata Bank Nepal Ltd. (Janata)
  25. Mega Bank Nepal Ltd. (Mega)
  26. Civil Bank Ltd. (Civil)
  27. Century Commercial Bank Ltd. (Century)
  28. Sanima Bank Ltd. (Sanima)

3. Development Banks

Development banks are ‘B’ type Financial Institutions. On the basis of geographical coverage and activity level, the development banks are three types and these are a) 1- 3 districts type b) 4- 10 districts type and c) national type.

As per the latest data from Nepal Rastra Bank, at present, there are a total of 29 Development Banks in Nepal. So far, a total of 1267 branches of development banks have been established across the nation.

  1. Mahalaxmi Bikas Bank Ltd.
  2. Narayani Development Bank Ltd.
  3. Sahayogi Bikas Bank Ltd.
  4. Karnali Bikash Bank Ltd.
  5. Sangrila Development Bank Ltd.
  6. Excel Development Bank Ltd.
  7. Deva Development Bank Ltd.
  8. Miteri Development Bank Ltd.
  9. Tinau Bikas Bank Ltd.
  10. Muktinath Bikas Bank Ltd.
  11. Kankai Bikas Bank Ltd.
  12. Bhargab Bikas Bank Ltd.
  13. Garima Bikas Bank Ltd.
  14. Om Development Bank Ltd.
  15. Gandaki Development Bank Ltd.
  16. Kamana Bikas Bank Ltd.
  17. Corporate Development Bank Ltd.
  18. Purnima Bikas Bank Ltd.
  19. Jyoti Bikas Bank Ltd.
  20. Shine Resunga Development Bank Ltd.
  21. Kanchan Development Bank Ltd.
  22. Lumbini Bikas Bank Ltd.
  23. Sindhu Bikas Bank Ltd.
  24. Sahara Bikas Bank Ltd.
  25. Nepal Community Development Bank Ltd.
  26. Kailash Bikash Bank Ltd.
  27. Salapa Bikash Bank Ltd.
  28. Saptakoshi Development Bank Ltd.
  29. Green Development Bank Ltd.

4. Finance Companies

Finance companies are ‘C’ type Financial Institutions. As per the latest data from Nepal Rastra Bank, at present, there are a total of 23 Finance Companies in Nepal. So far, a total of 205 branches of finance companies have been established across the nation.

  1. Nepal Finance Ltd.
  2. Nepal Share Markets and Finance Ltd.
  3. Gurkhas Finance Ltd.
  4. Goodwill Finance Ltd.
  5. Shree Investment & Finance Co. Ltd.
  6. Lalitpur Finance Co. Ltd.
  7. United Finance Co. Ltd. United
  8. Best Finance Ltd.
  9. Progressive Finance Co. Ltd.
  10. Janaki Finance Co. Ltd.
  11. Pokhara Finance Ltd.
  12. Hathway Finance Company Ltd.
  13. Central Finance Ltd.
  14. Multipurpose Finance Co. Ltd
  15. Shrijana Finance Ltd.
  16. World Merchant Banking & Finance Ltd.
  17. Capital Merchant Banking & Finance Co. Ltd.
  18. Crystal Finance Ltd.
  19. Guheshwori Merchant Banking & Finance Ltd.
  20. ICFC Finance Ltd.
  21. City Express Finance Company Ltd.
  22. Manjushree Financial Institution Ltd.
  23. Reliance Finance Ltd.

5. Micro Credits Development Banks

Micro credit development banks are ‘D’ type Financial Institutions.

As per the latest data from Nepal Rastra Bank, there are a total of 90 Micro Credit Development Banks in Nepal. So far, a total of 4644 branches of micro-credits development banks have been established across the nation.

  1. Grameen Bikas Laghubitta Bittiya Sanstha Limited
  2. Nirdhan Utthan Laghubitta Bittiya Sanstha Limited
  3. RMDC Laghubitta Bittiya Sanstha Limited
  4. Deprosc Laghubitta Bittiya Sanstha Limited
  5. Chhimek Laghubitta Bittiya Sanstha Limited
  6. Swabalamban Laghubitta Bittiya Sanstha Limited
  7. Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited
  8. Nerude Laghubitta Bittiya Sanstha Limited
  9. Naya Nepal Laghubitta Bittiya Sanstha Limited
  10. Summit Laghubitta Bittiya Sanstha Ltd.
  11. Sworojagar Laghu Bitta Bika Bank Limited
  12. First Microfinance Laghubitta Bittiya Sanstha Limited
  13. Nagbeli Laghubitta Bittiya Sanstha Limited
  14. Kalika Microcredit Development Bank Limited
  15. Mirmire Microfinance Development Bank Limited
  16. Janautthan SamudayikMicrofinance Dev. Bank Limited
  17. Mithila Laghu Bitta Bikas Bank Limited
  18. Womi Microfinance Bittiya Sanstha Ltd.
  19. Laxmi Microfinance Bittiya Sanstha Ltd.
  20. Civil laghubitta Bittiya Sanstha
  21. Mahila Sahayatra Microfinance Bittiya Sanstha Ltd.
  22. Vijaya Laghubitta Bittiya Sanstha Ltd.
  23. Kisan Microfinance Bittiya Sanstha Ltd.
  24. NMB Microfinance Bittiya Sanstha Ltd
  25. FORWARD Community Microfinance Bittiya Sanstha Ltd.
  26. Global IME Laghubitta Bittiya Sanstha Limited
  27. Mahuli Samudyik Laghubitta Bittiya Sanstha Ltd.
  28. Suryodaya Laghubitta Bitiya Sanstha Ltd.
  29. Mero Microfinance Bittiya Sanatha Ltd.
  30. Samata Microfinance Bittiya Sanatha Ltd.
  31. RSDC Laghubitta Bitiya Sanstha Ltd.
  32. Samudayik Laghubitta Bitiya Sanstha Ltd.
  33. National Microfinance Bittiya Sanstha Ltd.
  34. Nepal Sewa Laghubitta Bitiya Sanstha Ltd.¤
  35. Unnati Microfinance Bittiya Sanstha Ltd.
  36. Swadeshi Lagubitta Bittiya Sanstha Ltd.
  37. NADEP Laghubitta Bittiya Sanstha Limited
  38. Support Microfinance Bittiya Sanstha imited
  39. Arambha Microfinance Bittiya Sanstha Limited
  40. Janasewi Laghubitta Bittiya Sanstha Limited
  41. Chautari Laghubitta Bittiya Sanstha Limited
  42. Ghodighoda Laghubitta Bittiya Sanstha Limited
  43. Asha Laghubitta Bittiya Sanstha Ltd
  44. Nepal Agro Microfinance Bittiya Sastha Ltd
  45. Creative Laghubitta Bittiya Sanstha Ltd
  46. Rama Roshan Microfinance Bittiya Sastha Ltd
  47. Gurans Laghubitta Bittiya Sanstha Ltd
  48. Ganapati Microfinance Bittiya Sastha Ltd
  49. Infinity Microfinance Bittiya Sanstha Ltd
  50. Adhikhola Laghubitta Bittiya Sanstha Ltd.
  51. SwabhimanMicrofinance Bittiya Sanstha Ltd.
  52. Sparsha Laghubitta Bittiya Sanstha Ltd.
  53. Sabaiko Laghubitta Bittiya Sanstha Ltd
  54. Sadhana Laghubitta Bittiya Sanstha Ltd.
  55. NIC Asia Laghubitta Bittiya Sanstha Ltd.
  56. Sarathi Laghubitta Bittiya Sanstha Ltd.
  57. Nagarik Laghubitta Bittiya Sanstha limited
  58. Trilok Laghubitta Bittiya Sanstha Ltd.
  59. Manakamana Laghubitta Bittiya Sanstha Ltd.
  60. Sahakarya Laghubitta Bittiya Sanstha Ltd.
  61. Sajeelo Laghu Bitta Bittiya Sanstha Ltd.
  62. Satyawati Laghubitta Bittiya Sanstha Ltd.
  63. Buddha Jyoti Laghubitta Bittiya Sanstha Ltd.
  64. Samaj Laghubitta Bittiya Sanstha Ltd.
  65. Divya Laghubitta Bittiya Sanstha Limited
  66. Cweda Laghubitta Bittiya Sanstha Limited
  67. Grameen Swayamsewak Laghubitta Bittiya Sanstha Limited
  68. Mahila Laghubitta Bittiya Sanstha Limited
  69. Adarsha Laghubitta Bittiya Sanstha Limited
  70. Unique Nepal Lagubitta Bittiya Sanstha Ltd.
  71. Manushi Laghubitta Bittiya Sanstha Limited
  72. Smart Laghubitta Bittiya Sanstha Limited
  73. Jalpa Laghubitta Bittiya Sanstha Limited
  74. Mahila Samudayik Laghubitta Bittiya Sanstha Limited
  75. Rastra Utthan Laghubitta Bittiya Sanstha Limited
  76. Solve Laghubitta Bittiya Sanstha Limited
  77. WEAN Laghubitta Bittiya Sanstha Limited
  78. Upakar Laghubitta Bittiya Sanstha Limited
  79. Dhaulagiri Laghubitta Bittiya Sanstha Limited
  80. CYC Nepal Laghubitta Bittiya Sanstha Limited
  81. NESDO Samriddha Laghubitta Bittiya Sanstha Limited
  82. Swastik Laghubitta Bittiya Sanstha Limited
  83. Garibi Nyunikaran Laghubitta Bittiya Sanstha Limited
  84. Shrijanshil Laghubitta Bittiya Sanstha Limited
  85. NRN Laghubitta Bittiya Sanstha Limited
  86. Jiban Bikash Laghubitta Bittiya Sanstha Limited
  87. Gharelu Laghubitta Bittiya Sanstha Limited
  88. Janakpur Laghubitta Bittiya Sanstha Limited
  89. BPW Laghubitta Bittiya Sanstha Limited
  90. Aatmanirbhar Laghubitta Bittiya Sanstha Limited

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Read also: A Brief History of Banking in Nepal