Development Banks in Nepal are one of the major banks that can be categorized as class ‘B’ banks of Nepal, which are operated under the regulation of Nepal Rastra Bank (NRB).
Class ‘A’ financial institutions in Nepal are the commercial banks in Nepal, while Class B are the Development Banks. These development banks are also one of the types of community development banks. The development banks of Africa and inter Inter-American Development Bank are among the popular development banks in the world.
Development Banks play a pivotal role in Nepal’s financial landscape. As “A” Class financial institutions, they are crucial for channeling funds towards specific sectors like agriculture, industry, energy, and infrastructure, acting as a catalyst for the nation’s economic growth.
Besides development banks, there are other sector banks like commercial banks in Nepal, investment banks in Nepal, and Agriculture banks in Nepal are the major types of banks in Nepal.
Development Banks in Nepal Vs Commercial Banks define
Commercial banks define, they are simply the financial institution that collects deposits from the general public and give loans for investment to earn a profit.
In the same way, development banks are those banks that provide infrastructure facilities for the industrial growth of the country. Simply, these development banks provide financial help for both public and private sector industries.
Development Banks in Nepal
As per the rules and regulations of Nepal Rastra Bank, the development banks are usually categorized according to their operating level, and they are actively traded in the Nepal Stock Exchange.
Types of Development Banks
In Nepal, based on the regional levels, the types of Development banks are categorized into 3 categories:
- National-level development banks
- Regional-level development banks and
- District-level development banks.
Lists of Development Banks in Nepal
We have listed the different-level development banks as follows. These are the currently running development banks of Nepal.
- Ace Development Bank Ltd.
- Alpine Development Bank Ltd.
- Annapurna Development Bank Ltd.
- Arniko Development Bank Ltd.
- Bageshowri Development Bank Ltd.
- Bagmati Development Bank Ltd.
- Bhargab Bikas Bank Ltd.
- Bhrikuti Bikas Bank Ltd.
- Biratlaxmi Bikas Bank Ltd.
- Biswo Bikas Bank Ltd.
- Bright Development Bank Ltd.
- Business Development Bank Ltd.
- City Development Bank Ltd.
- Civic Development Bank Ltd.
- Clean Energy Development Bank Ltd.
- Corporate Development Bank Ltd.
- Cosmos Development Bank Ltd.
- Country Development Bank Ltd.
- Diyalo Bikas Bank Ltd.
- Excel Development Bank Ltd.
- Gandaki Bikas Bank Ltd.
- Garima Bikas Bank Ltd.
- Gaumukhi Bikas Bank Ltd.
- Gaurishankar Development Bank Ltd.
- Gorkha Bikas Bank Ltd.
- Gulmi Bikas Bank Ltd.
- & B. Development Bank Ltd.
- Hamro Bikas Bank Ltd.
- Infrastructure Development Bank Ltd.
- Innovative Development Bank Ltd.
- International Development Bank Ltd.
- Jhimruk Bikas Bank Ltd.
- Jyoti Development Bank Ltd.
- Kabeli Bikas Bank Ltd.
- Kakre Bihar Bikas Bank Ltd.
- Kamana Bikas Bank Ltd.
- Kanchan Development Bank Ltd.
- Kankai Bikas Bank Ltd.
- Karnali Bikash Bank Ltd.
- Kasthamandap Development Bank Ltd.
- Khandbari Development Bank Ltd.
- Mahakali Bikas Bank Ltd.
- Malika Development Bank Ltd.
- Manakamana Development Bank Ltd.
- Manasalu Development Bank Ltd.
- Matribhumi Bikas Bank Ltd.
- Metro Development Bank Ltd.
- Mission Development Bank Ltd.
- Miteri Development Bank Ltd.
- Mount Makalu Development Bank Ltd.
- Muktinath Bikas Bank Ltd.
- Narayani Development Bank Ltd.
- NDEP Development Bank Ltd.
- Nepal Community Development Bank Ltd.
- Nepal Consumer Development Bank Ltd
- Nepal Industrial Development Corporation
- Nilgiri Bikas Bank Ltd.
- Pacific Development Bank Ltd.
- Pashimanchal Development Bank Ltd.
- Pashupati Development Bank Ltd.
- Pathibhara Bikas Bank Ltd.
- Professional Bikas Bank Ltd.
- Public Development Bank Ltd.
- Purnima Bikas Bank Ltd.
- Raptibheri Bikas Bank Ltd.
- Rara Bikas Bank Ltd.
- Resunga Bikas Bank Ltd.
- Rising Development Bank Ltd.
- Sahara Development Bank Ltd.
- Sahayogi Bikas Bank Ltd.
- Samabriddhi Development Bank Ltd.
- Sangrila Bikas Bank Ltd.
- Sanima Bikas Bank Ltd.
- Sewa Bikas Bank Ltd.
- Shine Development Bank Ltd.
- Shubhechchha Bikas Bank Ltd.
- Siddhartha Development Bank Ltd.
- Sindhu Bikas Bank Ltd.
- Social Development Bank Ltd.
- Surya Development Bank Ltd.
- Tinau Bikas Bank Ltd.
- Tourism Development Bank Ltd.
- Triveni Development Bank Ltd.
- Uddyam Development Bank Ltd.
- United Development Bank Ltd.
- Vibor Bikas Bank Ltd.
- Western Development Bank Ltd
Major “A” Class Commercial Banks Formed by Merging with Development Banks
Many former development banks have been absorbed into the following larger commercial banks:
- Nabil Bank (Merged with Dhangaadi Bikas Bank, etc.)
- NIC Asia Bank (Merged with numerous development banks like Sahayogi, Lumbini, etc.)
- Global IME Bank (Merged with numerous development banks like Commerz & Trust, Janaki, etc.)
- Prabhu Bank (Merged with numerous development banks like Gandaki, etc.)
- Agriculture Development Bank Ltd. (ADBL) (Originally a development bank, now “A” class)
- Nepal Investment Mega Bank Ltd. (Formed by the merger of Mega Bank and Nepal Investment Bank)
- Laxmi Sunrise Bank Limited (Merger of Laxmi Bank and Sunrise Bank)
Prominent Banks that Originated as Development Banks (Now “A” Class Commercial Banks)
Janata Bank Nepal Limited (Merger of Janata Bank and Grande International Hospital promoters)
Siddhartha Bank Limited (SBL)
Sunrise Bank Limited
Muktinath Bank Limited
Civil Bank Limited
Century Commercial Bank Limited
In conclusion, this data list is taken from different sources. Do authenticate by yourself. More updates will be updated timely manner in the future.