Sub Groups of the listed Company:

Development Banks

Development banks are 'B' type Financial Institution. On the basis of geographical coverage and activity level, the development banks are three types and these are a) 1- 3 districts type b) 4- 10 districts type and c) national type .

As per th NRB rules the new paid up capital requirement for these development banks are respectively NRs.500 million, 1.2 billion and 2.5 billion  and it was previously NRs.100, 200 and 640 millions respectively.

As a result of changed requirement to increase paid up capital , many of then operating development banks have merged or restructured the organization to establish a stronger financial institution. In the process, some development banks acquirred finance companies and improved their positions and some merged with other stronger finance company or development bank or with the commercial bank.

At present there are 18 development banks. The development banks are presented here on alphabetical order stating their classification types. Navigation links are gradually being developed for all banks and it is not given for all the development banks.

 

SN  National Level 10 District Level 3 to 5 Districts Level 1 District Level
1  Garima Bikas Bank Sapta Koshi Development Bank Corporate Development Bank Sahara Bikash Bank
 2 Jyoti Bikash Bank   Excel Development bank Salapa Bikash Bank
 3 Kamana Sewa Bikas Bank   Green Development Bank  
 4 Lumbini Bikash Bank   Karnali Development Bank  
 5 Mahalaxmi Bikash Bank   Meteri Development Bank  
 6 Muktinath Bikash Bank   Narayani Development Bank  
 7 Shangrila Development Bank   Sindhu Bikash Bank   
 8 Shine Resunga Development Bank      
 9        
 10        
  8 1 7 2

 

Corporate News

India makes exemption for Nepal, allows some refined palmolein imports

February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.

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HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

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Security audit of BFIs compulsory

Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.

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Age limit set for CEOs, directors at BFIs

KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).

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