Monday, October 26, 2020
Home Banks Class A

Class A

A commercial 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. The commercial banks in Nepal make a profit by lending 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 collected 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.

Functions, Duties, and Rights of the Commercial Banks According to BAFIA

A Class “A” licensed institution can carry out the following financial transactions subject to BAFIA, MOA, and AOA.

  • Accepting deposits with or without interest and repaying the deposit through various financial instruments.
  • Provide intermediary services and transfer funds through various electronic mediums.
  • Disbursement of credit (hire-purchasing, leasing, overdraft, and housing).
  • A Disbursement of credit on a guarantee of foreign B&FIs.
  • The Disbursement loans from the amount received from the Government of Nepal or other native or foreign agencies for project promotion.
  • Issuing shares, debenture, bond and so on to meet the capital fund subject to the limitations, conditions or directives issued by the Nepal Rastra Bank.
  • Foreign currency transactions subject to the prevailing laws.
  • Carrying out the government transactions subject to the limits, terms and conditions or directives of NRB.
  • Purchasing, selling or accepting bonds issued by NRB and Government of Nepal.
  • Remitting or transmitting funds to different places within or outside Nepal and receive remittance from abroad to make payment thereof.
  • Buying and selling of gold and silver bullions.
  • Prudently managing selling its own assets of all types to come under its own according to this and prevailing laws.
  • Carry out the other functions as prescribed by Nepal Rastra Bank.

One can find basic information on the bank and for the detail, one can click their respective web address.

Commercial banks are listed below. Please click on the company name you are looking for and find the information:

Class A Banks 

S.No.NameOperation Date(A.D.)Head Office
1Nepal Bank Ltd.1937/11/15Dharma path
2Agriculture Development Bank Ltd.1968/01/21Ramshahpath
3Nabil Bank Ltd.1984/07/12Beena Marg
4Nepal Investment Bank Ltd.1986/03/09Durbarmarg
5Standard Chartered Bank Nepal Ltd.1987/02/28Nayabaneshwor
6Himalayan Bank Ltd.1993/01/18Kamaladi
7Nepal SBI Bank Ltd.1993/07/07Kesharmahal
8Nepal Bangladesh Bank Ltd.1994/06/06Kamaladi
9Everest Bank Ltd.1994/10/18Lazimpat
10Kumari Bank Ltd.2001/04/03Durbarmarg
11Laxmi Bank Ltd.2002/04/03Hattisar
12Citizens Bank International Ltd.2007/04/20Narayanhitipath
13Prime Commercial Bank Ltd.2007/09/24Kamalpokhari
14Sunrise Bank Ltd.2007/10/12Gairidhara
15Century Commercial Bank Ltd.2011/03/10Putalisadak
16Sanima Bank Ltd.2012/02/15Nagpokhari
17Machhapuchchhre Bank Ltd.2012/7/9Lazimpat
18NIC Asia Bank Ltd.2013/6/30Thapathali
19Global IME Bank Ltd.2014/4/9Panipokhari
20NMB Bank Ltd.2015/10/18Babarmahal
21Prabhu Bank Ltd.2016/2/12Babarmahal
22Siddhartha Bank Ltd.2016/7/21Hattisar
23Bank of Kathmandu Ltd.2016/7/14Kamaladi
24Civil Bank Ltd.2016/10/17Kamaladi
25Nepal Credit and Commerce Bank Ltd.2017/01/01Bagbazar
26Janata Bank Nepal Ltd.2017/04/07Thapathali
27Rastriya Banijya Bank Ltd.2018/05/02Singhadurbar Plaza
28Mega Bank Nepal Ltd.2018/05/13Kamaladi