Despite the negative economic structure in Nepal, there are many commercial, development, and cooperative banks flourishing. How many of them? what are their names?
Mainly most of the banks are named after social positions, starting with the country name, relatives such as Sanima, Garima, city, etc. Here are the lists of commercial and development banks so far in Nepal.
Following are the category “A” banks, Commercial.
- Agricultural Development Bank Ltd
- Bank Of Kathmandu Ltd
- Century Commercial Bank Ltd
- Citizens Bank International Ltd
- Civil Bank Ltd
- Everest Bank Ltd
- Global IME Bank Ltd
- Himalayan Bank Ltd
- Janata Bank Nepal Ltd
- Kumari Bank Ltd
- Laxmi Bank Ltd
- Machhapuchchhre Bank Ltd
- Mega Bank Nepal Ltd
- Nabil Bank Limited
- Nepal Bangladesh Bank Limited
- Nepal Bank Limited
- Nepal Credit And Commerce Bank Ltd.
- Nepal Investment Bank Ltd.
- Nepal Sbi Bank Ltd.
- Nic Asia Bank Limited
- Nmb Bank Ltd.
- Prabhu Bank Ltd.
- Prime Commercial Bank Ltd.
- Rastriya Banijya Bank
- Sanima Bank Limited
- Siddhartha Bank Limited
- Standard Chartered Bank Nepal
- Sunrise Bank Limited
- Tourism Development Bank Ltd.
Following are the Development Banks which are categorized “B” by the central bank of Nepal
- Corporate Development Bank Ltd.
- Deva Development Bank Ltd.
- Excel Development Bank Ltd
- Gandaki Bikas Bank Ltd.
- Garima Bikas Bank Ltd.
- Green Development Bank Ltd.
- Jyoti Bikas Bank Ltd.
- Kailash Bikash Bank Ltd.
- Kamana Sewa Bikas Bank Ltd.
- Kanchan Development Bank Ltd.
- Karnali Development Bank Ltd.
- Lumbini Bikas Bank Ltd.
- Mahalaxmi Bikas Bank Ltd.
- Muktinath Bikas Bank Ltd.
- Miteri Development Bank Ltd.
- Narayani Development Bank Ltd.
- Sahara Bikas Bank Ltd.
- Sahayogi Vikas Bank Ltd. Sahayogi
- Salapa Bikash Bank Ltd.
- Shangrila Development Bank Ltd.
- Saptakoshi Development Bank Ltd.
- Shine Resunga Development Bank Ltd.
- Sindhu Bikas Bank Ltd.
- Tinau Mission Bikas Bank Ltd.
Nepal’s economy is dependent on various sources such as remittances, the huge tax imposed on imported goods, tourism, foreign aid, and agriculture. Taking a bank loan in Nepal is quite an effortful job and many creditors could not pay in time which leads to losses of property and in some cases suicide too.
probably, Nepal’s banks are the only banks in the world that profited highly during the coronavirus pandemic too due to high-Interest rates, service charges, and other hidden charges.
What are your experiences with banking in Nepal? it would be great to share your opinion below.