Category: Class B
A development bank is a financial organization engaged in the promotion of industry, agriculture and other key sectors. Development banks in Nepal are ‘ B’ type of financial Institutions. On the basis of geographical coverage and activity level, the development banks are three types and these are:
- 1-3 districts type
- 4-10 districts type
- National type
Firstly, development Banks primarily aim to accelerate the rate of growth. But, the main objective of these banks is to serve the public interest rather than earning profits. It is a multipurpose financial institution. After all a development bank does not accept deposits from the public like commercial Banks and other financial institutions that entirely depend upon saving mobilization.
Moreover, as per the latest data from Nepal Rastra Bank, at present, there are 32 Development Banks in Nepal.
Functions of Development Banks:
Above all, the development banks have been started with the motive of increasing the pace of industrialization. Similarly, traditional financial institutions could not take up this challenge because of their limitations. In addition, to help all round industrialization development banks were made multipurpose institutions. Besides financing, they were assigned promotional work also.
Therefore, the list of the class ‘B ‘ banks currently providing banking services in Nepal along with their head offices and operation date are listed below:
NATIONAL TYPE
| S. No | Name | Operation Date | Head Office |
| 01 | Deva Bikas Bank Ltd. | 2015/7/10 | Laldarbar, Kathmandu |
| 02 | Gandaki Bikas Bank Ltd. | 2017/7/5 | Pokhara, Kaski |
| 03 | Garima Bikash Bank Ltd. | 2016/9/20 | Lazimpat, Kathmandu |
| 04 | Jyoti Bikash Bank Ltd. | 2016/8/12
|
Kamaladi, Kathmandu |
| 05 | Kailash Bikash Bank | 2016/4/4 | New plaza, Kathmandu |
| 06 | Kamana Sewa Bikas Bank Ltd. | 2017/8/4 | Srijana Chowk, |
| 07 | Mahalaxmi Bikas Bank | 2017/7/2 | Darbarmarga, Kathmandu |
| 08 | Muktinath Bikas Bank Ltd. | 2007/01/03 | Kamaladi, Kathmandu |
| 09 | Om Development Bank Ltd. | 2017/6/16 | Chipledhunga, Pokhara |
| 10 | Shangri – la development Bank Ltd. | 2014/ 07/13 | Baluwatar, Kathmandu |
| 11. | Lumbini Bikas Bank Ltd. | 2017/7/9 | Dilibazar, Kathmandu |
Ten District Development Bank
| S.No | Name | Operation Date | Head Office |
| 01. | Shine Resunga Development Bank Ltd. | 2013/3/17 | Butwal, Rupandehi |
Three district Development Bank
| S. NO | Name | Operation Date | Head Office |
| 01. | Bhargav Bikas Bank Ltd. | 2007/08/30 | Nepalgunj, Banke |
| 02. | Corporate Development Bank Ltd. | 2007/11/07 | Birgunj, Parsa |
| 03. | Excel Development Bank Ltd. | 2005/07/21 | Birtamod, Jhapa |
| 04. | Green Development Bank Ltd. | 2013/8/25 | Hari Shankar Road, Baglung |
| 05. | Kanchan development bank Ltd. | 2009/09/19 | Vimdatta, Kanchanpur |
| 06. | Kankai Bikas Bank Ltd. | 2007/05/03 | Damak, Jhapa |
| 07 | Karnali Bikash Bank Ltd. | 2004/02/18 | Nepalgunj, Banke |
| 08 | Mission Development Bank Ltd. | 2010/06/15 | Butwal, Rupandehi |
| 09 | Miteri Development Bank ltd. | 2006/10/13 | Dharan, Sunsari |
| 10. | Nepal Community development Bank Ltd. | 2010/11/03 | Butwal, Rupandehi |
| 11. | Purnima Bikas Bank Ltd. | 2008/05/20 | Siddharthanagar, Rupandehi |
| 12. | Sahayogi Bikas Bank Ltd. | 2003/10/23 | Janakpurdham, Dhanusa |
| 13. | Sajha Bikas Bank Ltd. | Dhangadi, Kailali | |
| 14. | Saptakoshi Development Bank Ltd. | 2012/10/02 | Tankisinuwari, Morang |
| 15. | Sindhu Bikas Bank Ltd. | 2010/09/09 | Barhabise, Sindhupalchowk |
| 16. | Tinau Bikas Bank Ltd. | 2006/11/01 | Butwal, Rupandehi |
| 17. | Western Development Bank Ltd. | 2017/10/15 | Ghorahi, Dang |
ONE DISTRICT DEVELOPMENT BANK
| S.No | Name | Operation Date | Head Office |
| 01 | Hamro Bikas Bank Ltd. | 2009/04/19 | Butter Bazzar, Nuwakot |
| 02 | Kabeli Bikas Bank Ltd. | 2007/12/16 | Dhankuta, Dhankuta |
| 03 | Mount Makalu Development Bank Ltd. | Basantapur, Terathum | |
| 04 | Sahara Bikash Bank Ltd. | 2010/10/27 | Malangwa, Sarlahi |