Table of Contents
Introduction
This is because there are several options available for banking in Nepal for individuals and businesses. The banking sector in Nepal has recently witnessed a high growth rate and most banks offer a number of services to their valued customers to select from. In this article, we will unveil the top 10 banks of Nepal and discuss about the type of services they offer, their features and customers satisfaction.
1. Nepal Rastra Bank
The Bank of Nepal (NRB) is the central bank of Nepal and has the responsibility of controlling and directing the banking and financial systems of the country. It is responsible for the formulation and implementation of monetary policies with the view of achieving price stability and supporting economic growth. Furthermore, NRB is responsible for issuing and monitoring commercial banks in Nepal.
Key Features:
- Regulates and supervises the banking sector
- Formulates and implements monetary policies
- Supervises and controls the issuance of commercial banks' licenses.
2. Nepal Investment Bank Limited
Nepal Investment Bank Limited (NIBL) is one of the biggest and most popular commercial banks in Nepal that provides banking services such as retail banking, corporate banking, and international banking. NIBL has a large network of branches and ATMs across the country.
Key Features:
- Provides retail, corporate, and international banking services
- Large number of branches and ATMs
- Provides new and unique solutions in the field of digital banking.
3. Standard Chartered Bank Nepal Limited
As a branch of the international bank Standard Chartered, Standard Chartered Bank Nepal Limited has always been a customer oriented bank and provides unique and quality banking services. The bank provides various products and services such as personal banking, business banking and wealth management.
Key Features:
- High awareness of the customers' needs and wants
- Provides personal banking, business banking and wealth management services
- Provides new and unique solutions in the banking sector.
4. Himalayan Bank Limited
Himalayan Bank Limited (HBL) is one of the biggest private sector banks in Nepal and has a good presence in the urban and rural sectors. It offers a number of banking products and services to customers and firms and has been recognized for its customer focused banking that has earned it several awards.
Key Features:
- Many banking products and services
- Presence in both the urban and rural areas
- Focused on the customers
5. Nabil Bank Limited
Nabil Bank Limited is one of the first private sector banks of Nepal and is known for its stability and courtesy of customers. The bank offers retail banking, corporate banking, and international banking and other products and services.
Key Features:
- One of the most stable banks
- Very good customer relations
- Offers retail, corporate and international banking services
6. Everest Bank Limited
Everest Bank Limited is one of the biggest commercial banks in Nepal and offers banking products and services such as retail banking, corporate banking and remittance. The bank has a good coverage in most of the cities and towns of the country.
Key Features:
- Provides retail, corporate and remittance services
- Good coverage in major cities and towns
- Provides easy and simple banking services.
7. Rastriya Banijya Bank
Rastriya Banijya Bank (RBB) is one of the biggest commercial banks in Nepal. Being government owned, it has a large network of branches and ATMs throughout the country. It offers retail banking, corporate banking, and international banking services.
Key Features:
- State owned bank
- Large number of branches and ATMs
- Provides retail, corporate and international banking services
8. Nepal SBI Bank Limited
Nepal SBI Bank Limited, a bank branch of State Bank of India, is also one of the big banks of Nepal. It offers retail banking, corporate banking, and international banking services with a good coverage of the rural and urban areas.
Key Features:
- A branch of State Bank of India
- Offers many banking services
- Covers both the urban and rural areas
9. Sanima Bank Limited
Sanima Bank Limited is a major commercial bank in Nepal that provides all sort of banking services such as retail banking, corporate banking, and remittance. The bank focuses on technology and provides new and unique digital banking solutions to its customers.
Key Features:
- Has retail, corporate and remittance services
- Focused on the use of technology
- New and unique solutions for digital banking
10. Mega Bank Nepal Limited
Mega Bank Nepal Limited is one of the growing commercial banks of the country. It provides retail banking services, corporate banking services, and international banking services and has received several awards for customer satisfaction.
Key Features:
- The most rapid growing commercial bank
- Offers retail, corporate and international banking services
- High focus on customers' satisfaction
Conclusion
Currently, there are many banks in Nepal that have developed over the years and offer different services to their clients. From the central bank of Nepal, Nepal Rastra Bank to investment banks like Nepal Investment Bank Limited and international banks such as Standard Chartered Bank Nepal Limited, all of these banks have their own advantages and features.
If you are in search of personal banking services or corporate banking services then these top 10 banks of Nepal will help you. With many branches, new and improved technology in digital banking, and high levels of customer satisfaction, they are ready to meet your financial needs.
It is important to take your time to consider the type of banking services you require and the services offered by various banks before making a decision. It is important to choose the right bank in order to ensure that your financial transactions are safe, easy and tailored to your needs.
