Nepal Rastra Bank is the governed body of banks and financial institutions, which give license for operation. The banks and financial institutions operated now are:
Latest Statistics of Banks and Financial Institutions in Nepal
Nepal Rastra Bank

  • 28 are “A” class commercial banks, 
  • 44 “B” class development banks, 
  • 30 “C” class finance companies, 
  • 41 “D” class micro-credit development banks, 
  • 15 saving and credit co-operatives and 
  • 25 NGOs with micro-credit dealings and 
  • 27 Insurance Companies
  • 1 Employees Provident Fund
  • 1 Citizen Investment Trust
  • 1  Post Office Deposit Bank 
In End Jesth 2073/74, the total banks' branches reached 4894 with the population of 5809 per branch. The present development of financial institutions in Nepal is reflected in the table below

Additional Notes:
  • Nepal Bank Ltd. (1994 Kartik 30) is the first commercial bank of Nepal with the joint ownership of government and general public (with the cooperation of Imperial Bank of India). 
  • Nepal Rastra Bank was established in 2013 Baishak 14 as a Central Bank of Nepal.
  • Rastriya Banijya Bank, a commercial bank under the ownership of Government Nepal was established in 2022 Magh 22
  • The first joint venture of the foreign bank in Nepal is Nabil Bank (Nepal Arab Bank) 2040 BS.
  • First Bank to introduce ATM in Nepal is Everest Bank Limited.
  • First Bank to introduce Credit Card in Nepal is Himalayan Bank Limited.
  • First Bank to introduce Multi-Currency Card Service in Nepal is Century Commercial Bank.
  • Himalayan Bank is the first Bank to introduce Tele-Banking (Telephone Banking) in Nepal.
  • Kumari Bank is the first Bank to introduce e-Banking (Internet Banking) in Nepal.
  • Laxmi Bank is the first Bank to introduce SMS Banking (Mobile Banking) in Nepal.
  • First Governor of NRB is Mr. Himalayan Samser JBR (2013 Baishak 13 to 2017 Magh 25)
  • First Modern Bank in the world is the Bank of Venice.
  • Maximum number of Shareholders to form Private Company is 7.
  • According to NRB, Unified Directives Loan Loss Provisioning is: For Good Loan (up to 3 months) is 1%, For Substandard Loan (3 month to 6 months) is 25%, For Doubtful Loan (6 to 12 months) is 50%. For Bad Loan (12 months and above) is 100%
  • First Development Bank of Nepal is NIDC.
  • Deposit is a component of the liability side of the Commercial Bank.
  • Monetary Policy formulates in Nepal by Nepal Rastra Bank.

Introduction of Paper Note in Nepal

  • Rs. 5, Rs.10 and Rs. 100 in Aswin 2002 by Sadar Muluki Khana
  • Rs. 2 in Aswin 2009 by Sadar Muluki Khana
  • Rs.1 Rs.5 Rs.10 Rs. 100 in 7 Falgun 2016 by NRB
  • Rs. 1000 in 14 Baishak 2026
  • Rs. 500 in 30 Jesth 2027
  • Rs. 50 in 14 Baishak 2034
  • Rs. 2 in 14 Baishak 2038
  • Rs. 20 in 22 Kartik 2039 
  • Rs. 250 in 28 Chaitra 2052
  • Rs. 25 in 29 Chaitra 2052
  • Polymer Note Rs. 10 in 14 Aswin 2059

Important Notes: 

  • SBA, SAF, ESAF, PRGF, RCF are related to IMF.
  • The latest Industrial Policy of Nepal is 2067.
  • Nepal is the 147th member of WTO.
  • Millennium Development Goals (MDGs) is the designation of the United Nations.
  • IMF was established in 1945.
Keywords: Commercial Banks in Nepal, Development Banks in Nepal, Financial Institutions, Paper Notes, banking and financial statistic of Nepal