List of Commercial Banks of Nepal – Updated

The updated list of Commercial Banks in Nepal contains the 29 commercial banks under Nepal Rastra Bank are the A class National level banks

What are Commercial Banks in Nepal?

Commercial Banks in Nepal are the financial institutions in the country that are licensed by the Nepal Rastra Bank, the government national bank of Nepal. These commercial banks in Nepal are the A-Class national level banks with a Minimum paid-up Capital (NPR) of 8,000,000,000

These commercial banks offer a wide range of financial services to their customers all over the country through their multiple branches. Presently, commercial banks in Nepal provide regular financial services that include savings and deposits, loans, and other financial services products such as credit cards, remittance services, and trade finance.

Commercially, these commercial banks mobilize people’s savings and provide credit to businesspeople and individuals, playing an important role in the economic development of Nepal.

Currently, there are 29 commercial banks listed in Nepal Rastra Bank of Nepal which are as follows

List of Commercial Banks of Nepal [updated]

1. Agricultural Development Bank Limited
2. Bank of Kathmandu
3. Century Commercial Bank Limited
4. Citizens Bank International Limited
5. Civil Bank Limited
6. Everest Bank Limited
7. Global IME Bank Limited
8. Himalayan Bank Limited
9. Janata Bank Nepal Limited
10. Kumari Bank Limited
11. Laxmi Bank Limited
12. Lumbini Bank Limited
13. Machhapuchhre Bank Limited
14. Mega Bank Nepal Limited
15. Nabil Bank Limited
16. Nepal Bangladesh Bank Limited
17. Nepal Bank Limited
18. Nepal Credit & Commercial Bank Limited
19. Nepal Investment Bank Limited
20. Nepal SBI Bank Limited
21. NIC Asia Bank Limited
22. NMB Bank Limited
23. Prabhu Bank Limited
24. Prime Commercial Bank Limited
25. Rastriya Banijya Bank Limited
26. Sanima Bank Limited
27. Siddhartha Bank Limited
28. Standard Chartered Bank Limited
29. Sunrise Bank Limited

Key Services Offered by Commercial Banks in Nepal:

Commercial banks in Nepal provide safe and secure facilities to the general people and business individuals to park their money. Like development banks in Nepal, they also provide deposits in the form of savings accounts, fixed deposits, or current accounts. Other key services provided by the commercial banks in Nepal are listed as follows

1. Loans and Advances:

Commercial banks provide loans to people, and firms, as well as to the state. These are also available for personal needs, expansion of business, agriculture, real estate, and many others.

2. Transfer Services:

 Banks undertake payment services, such as inland and foreign remittances, electronic funds transfer services, and utility bill payments.

3. Credit Creation:

Commercial banks create credit by lending out a part of the deposits they receive, and it acts as fuel for various economic activities.

4. Investment Services:

 Many commercial banks these days now provide related investment services to their customers, such as underwriting issues, selling and buying securities, and providing varied advice and portfolio management services.

5. Foreign Exchange Service:

Likewise, Nepalese commercial banks work on foreign exchange for foreign trade and other remittance transactions.

6. Trade Finance:

This is a range of operations that facilitate international trade. They are a significant part of the Nepalese financial system and, therefore, constitute one mechanism for an increase in economic growth through efficient allocation of financial resources and management of financial risks.

conclusion

This list of commercial banks in Nepal are updated every time. The list of banks will be updated as soon as possible