SBI Bank Branches in Nepal are extended all over Nepal. Know the list of SBI bank branches with their details and contacts.
Nepal SBI Bank Ltd. or NSBL in the short name is a subsidiary of State Bank of India (SBI) having 55 percent of ownership. State Bank of India (SBI) is one of the largest commercial banks in India in terms of assets, deposits, profits, branches, customers, and employees.
55 percent of the total share capital of the Bank is owned by the State Bank of India, 15 percent is held by the Employees Provident Fund and the balance is held by the general public. with permission from Nepal Rastra bank, it has been providing the banking service in Nepal .
These are the complete list of SBI Bank Branches in Nepal listed as follows
#1. Kathmandu SBI Bank Branches
Within the Kathmandu valley, the SBI has altogether 18 branches with 3 extension counters and 2 Administrative Offices. Below is the list of SBI bank branches in Kathmandu valley
- Commercial Branch
- Durbar Marg Main Branch
- New Baneshwor
- New Road
- Patan, Jawalakhel
- Embassy of India Ext. Counter, Lazimpat
- Pashupatinath Ext. Counter, Pashupati
- Indian Visa Service Centre, Lazimpat
- Regional Office, Kathmandu
- Corporate Office, Hattisar
#2. Eastern Region SBI Bank Branches
Eastern Region of Nepal, the SBI bank has altogether 12 branches with one 1 extension counter and One 1 administrative office)
- Pension Paying Office, Dharan
- Regional Office, Biratnagar
#3. Central Region SBI Banks Branches
In the central region of Nepal except for Kathmandu valley, altogether there are altogether 10 branches and 1 extension counter)
- Abu Khaireni
- CGI Ext. Counter, Birgunj
#4. Western Region – SBI Bank Branches in Nepal
There are altogether 15 branches with 2 extension counters
- Manipal Extension Counter, Pokhara
- Pension Paying Office, Pokhara
- Srijana Chowk
#5. Mid-Western -SBI Bank Branches
The SBI Bank Branches in Nepal of the mid-western region contain fewer branches which are 4 branches, 1 administrative office)
- Regional Office, Nepalgunj
#6. Far-Western Region SBI Bank Branches
There are altogether 3 branches of SBI Banks in this fast western region. This is the smallest in number.
- Mahendra Nagar
About SBI Bank & Branches
The origins of the State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India.
In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India.
The SBI group consists of SBl and five associate banks. The group has an extensive network, with over 20000 plus branches in India and another 187 offices in 34 countries across the world. As of 31 March 2012, the group had assets worth USD 359 billion, deposits of USD 278 billion, and capital & reserves in excess of USD 20.88 billion. The group commands over 22% share of the domestic Indian banking market.
Nepal SBI Bank has also established its wholly-owned merchant banking subsidiary viz: Nepal SBI Merchant Banking Ltd. in the year 2016. In terms of the Technical Services Agreement between SBI and the NSBL, the former provides management support to the bank through its expatriate officers including the Managing Director who is also the CEO of the Bank.
Central Management Committee (CENMAC), consisting of the Managing Director & CEO, Chief Operating Officer & Dy. CEO, Chief Financial Officer, Chief Risk Officer, and Chief Credit Officer, exercises overall control functions with the help of 3 Regional Offices and oversees the overall operations of the Bank.
This is the first time NSBL is partnering with a digital wallet in Nepal to facilitate its customers to make digital payments via e-Banking channels. This partnership is expected to further help in the adoption of digital payments in Nepal ultimately moving the country towards a cashless economy through the SBI Bank Branches in nepal .