Commercial Banks of Nepal, A Class Banks In Nepal

August 21, 2019, Kathmandu A commercial bank is a financial organization that accepts deposits, offers accounting services such as cheques, loans, and offers saving or fixed deposit accounts to individuals or businesses. A commercial bank makes a profit by investments and interest incomes that may include auto loans, mortgages, personal loans, or even business loans. There are currently 28 Commercial Banks (Class A) in Nepal as per the report collect from the Central Bank, Nepal Rastra Bank(NRB). The first commercial bank of Nepal is Nepal Bank Ltd., and it was established on 1937/11/15. Agriculture Development Bank Ltd. has the highest paid-up capital of Rs. 1393.79 Crore and Nepal Credit and Commerce Bank Ltd. have the lowest paid-up capital of Rs. 467.91 Crore as per the report from NRB. The list of the Class A banks currently providing banking services in Nepal along with their head offices (all located inside Kathmandu) is presented below: S.No. Name Operation Date (A.D.) Head Office 1 Nepal Bank Ltd. 1937/11/15 Dharmapath 2 Agriculture Development Bank Ltd. 1968/01/21 Ramshahpath 3 Nabil Bank Ltd. 1984/07/12 Beena Marg 4 Nepal Investment Bank Ltd. 1986/03/09 Durbarmarg 5 Standard Chartered Bank Nepal Ltd. 1987/02/28 Nayabaneshwor 6 Himalayan Bank Ltd. 1993/01/18 Kamaladi 7 Nepal SBI Bank Ltd. 1993/07/07 Kesharmahal 8 Nepal Bangladesh Bank Ltd. 1994/06/06 Kamaladi 9 Everest Bank Ltd. 1994/10/18 Lazimpat 10 Kumari Bank Ltd. 2001/04/03 Durbarmarg 11 Laxmi Bank Ltd. 2002/04/03 Hattisar 12 Citizens Bank International Ltd. 2007/04/20 Narayanhitipath 13 Prime Commercial Bank Ltd. 2007/09/24 Kamalpokhari 14 Sunrise Bank Ltd. 2007/10/12 Gairidhara 15 Century Commercial Bank Ltd. 2011/03/10 Putalisadak 16 Sanima Bank Ltd. 2012/02/15 Nagpokhari 17 Machhapuchchhre Bank Ltd. 2012/7/9 Lazimpat 18 NIC Asia Bank Ltd. 2013/6/30 Thapathali 19 Global IME Bank Ltd. 2014/4/9 Panipokhari 20 NMB Bank Ltd. 2015/10/18 Babarmahal 21 Prabhu Bank Ltd. 2016/2/12 Babarmahal 22 Siddhartha Bank Ltd. 2016/7/21 Hattisar 23 Bank of Kathmandu Ltd. 2016/7/14 Kamaladi 24 Civil Bank Ltd. 2016/10/17 Kamaladi 25 Nepal Credit and Commerce Bank Ltd. 2017/01/01 Bagbazar 26 Janata Bank Nepal Ltd. 2017/04/07 Thapathali 27 Rastriya Banijya Bank Ltd. 2018/05/02 Singhadurbar Plaza 28 Mega Bank Nepal Ltd. 2018/05/13 Kamaladi