For many people, having a bank account and banking services is a necessity in modern life, regardless of where you live in the world. Likewise there are many banks in Nepal, and most of them are popular because of the good services they provide to their customers.
There are plenty of banks to choose from in Nepal, and each one has certain features that make it unique. To help you decide which bank to choose, this list of the top 10 popular banks in Nepal will detail the benefits of each bank, so you can find the one that’s right for you. Once you’ve decided on a bank, go ahead and take advantage of the best ways to save money with your new account.
Banks in Nepal are specially categorized into four classes i.e Class A, Class B, Class C, and Class D also known as Commercial Banks, Development Banks, Financial Banks, and Micro Credit Development Banks respectively.
Besides these four classes of Bank, there is a Central Bank called Nepal Rastra Bank (RBB), that supervised and regulated the bodies of all commercial, non-commercial banks, financial institutes, and other micro-financial organizations. In other words, the central Nepal Rastra Bank controls and governs all the banks that run in Nepal.
List Of The 10 Most Popular Banks In Nepal
There are 27 Class A (Commercial Bank), 20 Class B (Development Bank), 23 Class C (Finance Companies), and 92 Class D (Micro Credit Development Bank) giving their services in Nepal. All these banks have been giving good aid in the financial development of the country.
This list of top 10 banks in Nepal isn’t made on the basis of the facilities or on the basis of their extended branches over the country, the list is based on the PAID-UP CAPITALS.
Paid-Up Capital is the amount of money that a company has received from its shareholders in exchange for shares of stock. Paid-up Capital is created when a company sells its shares on the primary market directly to investors, usually through an Initial Public Offering (IPO). When shares are bought and sold among investors on the secondary market, no additional paid-up capital is created as proceeds in those transactions go to the selling shareholders, not the issuing company.
Here are the top 10 popular banks in Nepal to consider as you start your search.
1. Global IME Bank Limited
Global IME Bank Ltd. holds the position of Number One Bank in Nepal. Global IME Bank Ltd. makes the Paid-Up Capital through the shareholders of about 1920. 84 Crores annually.
Global IME Bank Ltd. is a successful merger of Global Bank( a Class A Bank), IME Financial Institution( a Class C financial company), and Lord Buddha Finance Ltd( a Class C financial company). These financial companies and Global Bank merged and established themselves as Global IME Bank Ltd. in the year 2012. There are other Class B and Class C banks that have been merged with this bank.
The headquarters of the Bank is situated in Kamaladi, Kathmandu, and has several branches in the small and big cities throughout the country.
2. Agriculture Development Bank Limited
With a turnover of 1498.91 Crores of Paid-Up Capital, one of the oldest and the popular banks Agriculture Development Bank Ltd. is the second best bank in the country.
Agriculture Development Bank is a governmental bank owned by the Government Of Nepal that works and provides services, loans, savings, and investments especially in the agriculture sectors of the country.
The headquarters of the bank is situated in Ramshahapath, Kathmandu, and was established on January 21, 1968.
3. Nepal Investment Bank Limited
Nepal Investment Bank Ltd, also known as NIBL was established on February 27, 1986, and since then it has been one of the leading commercial banks in Nepal. At the time of its establishment, NIBL was known as Nepal Indoseuz Bank because it was the joint venture of the investment by Nepal and the French company Credit Agricole Indoseuz.
The Paid-Up Capital of the Nepal Investment Bank Ltd. is approximately 1064.56 Crores. The headquarters of the bank is situated in Durbar Marg, Kathmandu.
4. Kumari Bank Limited
Kumari Bank Ltd. is also one of the leading commercial banks in Nepal providing banking and financial services to more than 4,00,000 customers. The bank has about 100 branches. Among these, 25 are within the Kathmandu Valley and 75 outside the valley.
The Paid-Up Capital of Kumari Bank Ltd. is about 955.41 crores that make it one of the leading and best commercial banks in Nepal.
The bank was established on April 3, 2001, and its headquarters is situated in Tangal Kathmandu.
5. Nepal Credit And Commerce Bank Limited
Nepal Credit And Commerce Bank Ltd, popularly known as NCC Bank is one of the largest private-sector commercial banks in Nepal. When NCC Bank was established on October 14, 1996, it was called Nepal-Bank Of Ceylon Ltd as it was a joint venture with the Bank Of Ceylon of Sri Lanka. At the time of its establishment, it was the first private sector bank with the largest authorized capital of NRs. 1000 Million.
The Paid-Up Capital of NCC Bank is expected to be more than 935.39 crores that make them one of the leading banks in Nepal. NCC Bank has been providing banking and financial services to the rural as well as urban areas of the country through its 120 branches and 85 ATMs.
The headquarters of the NCC Bank is at Bagbazar, Kathmandu.
6. Mega Bank Nepal Limited
Within a decade of its establishment, Mega Bank Nepal has been able to establish itself as one of the leading banks in Nepal. In 2019, it has even been awarded Bank Of The Year. Since its establishment, Mega Bank Nepal has been succeeding consistently.
With a Paid-Up Capital of more than 928 crores, it is one of the leading premium commercial banks in Nepal. Mega Bank Nepal has been providing its services in the country with 206 branches, 29 extended counters, and 142 ATMs.
The bank was established on July 20, 2010, and its headquarters is situated in Kamaladi, Kathmandu.
7. Bank Of Kathmandu Limited
With the annual Paid-Up Capital of about 924.54 crores, the Bank Of Kathmandu has been one of the leading commercial banks in Nepal. The bank has been providing banking services to customers, providing best interest rates on products and services, generating good returns to shareholders, providing attractive incentives to employees, and serving the community through stronger corporate social responsibility endeavors.
The headquarters of Bank Of Kathmandu is situated in Kamaladi, Kathmandu.
8. Rashtriya Banijya Bank
Rashtriya Banijya Bank also known as National Commercial Bank and RBB, is the largest commercial bank in Nepal. RBB is fully owned and operated by the Government Of Nepal. As it is owned by the government, RBB provides the largest number of services to the customer including banks, insurance companies, industrial companies, airlines, hotels, and many other sectors.
The annual Paid-Up Capital of Rashtriya Banijya Bank is more than 900.48 crores. With a network of 238 branches, 93 branchless banking, and 204 ATMs throughout the country, It has the most expensive banking networks in Nepal.
Rashtriya Banijya Bank has a history of even more than 50 years that also makes it one of the oldest banks in Nepal. It was established on January 23, 1966 A.D., and the headquarters of RBB is situated at the Singh Durbar Plaza, Kathmandu.
9. Siddhartha Bank Limited
Siddharth Bank is one of the largest private and consistently growing commercial banks in Nepal. It is the bank that has been promoted by some of the prominent and famous personalities of Nepal. Siddharth Bank provides a wide range of banking services and remittances services. It is one of the very few technically equipped banks in Nepal with the best mobile banking services.
The Paid-Up Capital of Siddharth Bank Limited is about 846 crores. The bank was established in 2002 and its headquarters is situated at Hattisar, Kathmandu. Siddharth Bank has been providing its service with 180 branches throughout the country.
10. Laxmi Bank Limited
Laxmi Bank Ltd. was incorporated in April 2002 as the 16th commercial bank in Nepal. In 2004 Laxmi Bank merged with HISEF Finance Limited, a first-generation financial company that was the first merger in Nepali corporate history. Further, the bank acquired Professional Diyalo Bikas Bank in January 2017, a class “B” development bank.
Today, through its branches and a host of IT-enabled channels, the Bank serves a wide range of customers. Despite a relatively short history, Laxmi Bank has emerged as a major player across all business lines – retail, midmarket, corporate, infrastructure, and treasury. The Bank is widely recognized as one of the best-managed banks in Nepal with high standards of corporate governance culture, risk-management systems, and strong technology.
The Paid-Up Capital of Laxmi Bank is approximately 822.17 crores. It was established in 2002 and has its headquarters situated at Hattisar, Kathmandu.
| Ranks | Commercial Banks In Nepal | Paid-Up Capitals(NRs) |
| 1 | Global IME Bank Ltd. | 1920.84 Crores |
| 2 | Agriculture Development Bank Ltd. | 1498.91 Crores |
| 3 | Nepal Investment Bank Ltd. | 1064.56 Crores |
| 4 | Kumari Bank Ltd. | 955.41 Crores |
| 5 | Nepal Credit And Commercial Bank Ltd. | 935.39 Crores |
| 6 | Mega Bank Nepal | 928 Crores |
| 7 | Bank Of Kathmandu Ltd. | 924.54 Crores |
| 8 | Rashtriya Baninjya Bank | 900.48 Crores |
| 9 | Siddhartha Bank Ltd. | 846 Crores |
| 10 | Laxmi Bank Ltd. | 822.17 Crores |
Conclusion
These are the names of the top 10 most popular banks in Nepal. We have already mentioned that this list is made on the basis of Paid-Up Capitals of the banks in Nepal. So the ranks of these banks might be altered with time. But we will though keep updating this list according to the changes in paid-up capitals of these best banks in Nepal 2022.
