Banks are pretty crucial for any individual or even a business concern for that matter. To transfer funds and carry out transactions safely or to save money for safety reasons, banks are the go to option. Various other services like loans can be availed at cost effective rates through reputed banks in Nepal. To ensure the relationship with the bank is peaceful and their services satisfy the objectives, it becomes essential to consider a list of top 10 banks in Nepal.
1. Standard Chartered Bank Nepal
Standard Chartered Bank Nepal is in the first position in this list. The bank established its office in the year 1987. Today, it hires more than 450 staff members to conduct its operations. It is one of the companies, which has introduced advanced technological services like credit cards and ATMs in the country. The ATMs also accept international cards which facilitate maximum convenience to the customers.
2. Nepal SBI Bank
The Nepal SBI Bank is the bank which was established with the help of Memorandum of Understanding between three main organizations, State Bank of India, Agricultural Development Bank of Nepal and Employees Provident Fund. It was established in the year 1992. It operates with the aim of facilitating services to the customers. It continues to use the services of over 500 staff members to carry out its operations.
3. Everest Bank
Everest Bank Limited is third on the list. It was established in the yea
r 1994. Punjab National Bank of India holds at least 20% stake in this bank allowing access to over 10,000 branches and ATMs across Nepal and India. It is a leader in the online banking services as it uses advanced technology and facilitates high quality services. It imparts special services for various sectors like agriculture, industries, corporate, etc.
4. Nepal Investment Bank
Nepal Investment Bank Limited earlier referred to as Nepal Indosuez Bank Limited was established in the year 1986. It was a joint investment by the Nepali people and the French company Credit Agricole Indosuez. With around 50% stake of the Nepali investors, the bank is one of the most reliable financial institutions of Nepal. It facilitates modern facilities which are on par with the international standards.
5. Sanima Bank
Sanima Bank is one of the leading commercial banks of Nepal. It was established in the year 2004 by Nonresident Nepali individuals to cater the domestic market. It operates with over 25 fully fledged branches around the country. The bank features quality services with customization to ensure the requirements of customers are met. SMS banking, internet banking, Utility payments, FCY transaction, etc., are some of them.
6. NMB Bank
NMB Bank facilitates quality services in the field of banking and hence was recognized as ‘A’ class financial company by the Nepal Rastra Bank in the year 2008. It was established in the year 1995 and is the first institution to upgrade to ‘A’ class from ‘C’ class in the history. Apart from featuring services to the general public, it concentrates on merchant banking and activities like underwriting, IPO management, registration of companies, issue of shares, debentures & other negotiable instruments, etc.
7. Lumbini Bank
Lumbini Bank Limited is the first regional commercial, financial institution set up in Nepal. It was established in the year 1998. The company customizes the products and services according to the requirements of the customers and is now also focusing on retail target segments. It now provides different categories of loans for various purposes.
8. Bank of Kathmandu
Bank of Kathmandu Limited was established in the year 1995. It offers a wide range of products and services ranging from different varieties of loans to SMS banking and other convenient banking services. The bank has spread across to over 45 branches with more than 50 ATMs.
9. Nabil Bank
Nabil Bank Limited is the first foreign joint venture financial institution in Nepal. It was established in the year 1984 with the objective to synch modern banking technologies in the country. The bank earlier referred as a Nepal Arab Bank Limited is the largest employer amongst several private players in the commercial bank sector of Nepal.
10. Himalayan Bank
Himalayan Bank Limited holds a very reliable and trustworthy reputation in the commercial bank market of Nepal. It was established by three parties which included a few Nepali residents, Pakistan’s Habib Bank Limited and Employees Provident Fund. It basically offers the services of merchant banking and industrial banking.