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Banks Of Nepal
The Nepal Rastra Bank has licensed 107 BFIs as of mid-Jan 2025 and 4 of them are declared problematic a& transactions are suspended. This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank and their branches/ extension counters. 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 2025. Merger And Acquisition of commercial banks Class B: Development banks Nepal Rastra Bank has licensed 16 development banks and has classified these on national and province level as per working area. There are 8 national level and 8 province/district level development banks operational as of Dec 2024. Problematic Development Bank Following development companies are declared problematic by Nepal Ratra bank and is under resolution process. * Karnali Delepment Bank. Defunct Development Banks (National) Class C: Finance Companies Nepal Rastra B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepal Rastra Bank
The Nepal Rastra Bank (NRB; ) 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. The NRB is functioning under the new Nepal Rastra Bank Act, 2002. The functions of NRB are to formulate required monetary and foreign exchange policies so as to maintain the stability in market prices, to issue currency notes, to regulate and supervise the banking and financial sector, to develop efficient payment and banking systems among others. The NRB is also the economic advisor to the government of Nepal. As the central bank of Nepal, it is the monetary, supervisory and regulatory body of all the commercial banks. development banks, finance companies and micro-finances institutions. The central office is located in Baluwatar, Kathmandu and it has eight provincial offices, located at Biratnagar, Janakpur, B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
