Kumari Bank Limited is one of the leading
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
s in
Nepal
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China Ch ...
.
History
Kumari Bank Limited came into existence as the fifteenth commercial bank of Nepal, starting banking operations from Chaitra 21, 2057 B.S (April 3, 2001) with an objective of providing competitive modern banking services in the Nepalese financial market. The bank has a paid-up capital of NPR 26.23 billion.
The Bank has been offering both Domestic and International Visa Debit and Credit Card, accessible in all VISA linked ATMs in Nepal and India. It serves through 294 ATMs and over 1,200 POS terminals across the country. Along with this, the Bank offers latest digital banking services such as Mobile, Internet, and Viber Banking and QR payments. The Bank is recognized as an innovative and fast-growing institution that always strives towards customer satisfaction. It has transparent business practices, professional management, corporate governance, and Total Quality Management as the organizational mission.
Its head office is located in Tangal,
Kathmandu
Kathmandu () is the capital and largest city of Nepal, situated in the central part of the country within the Kathmandu Valley. As per the 2021 Nepal census, it has a population of 845,767 residing in 105,649 households, with approximately 4 mi ...
. The current CEO of Kumari Bank Limited is Mr. Ram Chandra Khanal.
Ownership structure
The Bank currently has a paid-up capital of Nepalese
Rupees
Rupee (, ) is the common name for the currencies of
India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Afr ...
26.23 Billion. (as of FY 2023/24)
Subsidiaries
The bank's subsidiaries are as follows:
* Kumari Capital Limited.
* KBL Securities Limited.
See also
*
List of banks in 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/ ...
*
Nepal Stock Exchange
The Nepal Stock Exchange (NEPSE) is the only stock exchange of Nepal. the Market
Capitalization of the companies listed on NEPSE totaled .
NEPSE opened its trading floor on 13 January 1994.
The basic objective of NEPSE is to impart free mark ...
*
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 ...
References
External links
Kumari Bank Limited Official WebsiteKumari Bank Limited Management TeamKumari Bank Limited Online Account Opening
Banks of Nepal
Banks established in 2001
2001 establishments in Nepal
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