Rastriya Banijya Bank Limited (RBB) – राष्ट्रिय वाणिज्य बैंक | Commercial Banks in Nepal

Rastriya Banijya Bank Limited (RBB)

Rastriya Banijya Bank Limited (RBB)

Rastriya Banijya Bank Limited (RBB) is a pioneer bank in the country established in 1966 (2022 BS) with a history of more than half a century. The RBB was originally established under the RBB act 2021 with a fully government-owned bank. The RRB is currently governed by the Bank and Financial Institute Act and the Company Act 2063. Rastriya Banijya Bank (RBB) owns and operates as a commercial bank of class A for Nepal with a license from Nepal Rastra Bank (NRB). RBB has become an integral part of Nepal’s economy.

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Role of Commercial Banks in Economic Development – Commercial Banks | Management Notes

Role of Commercial Banks in Economic Development

Role of Commercial Banks in Economic Development

An important part of the economy is the commercial banking sector. They create liquidity and capital in the market, in addition to providing consumers with an essential service. Customers deposit funds in their accounts, and then they lend them out. This ensures liquidity. As a result of these activities, commercial banks create credit that leads to an increase in production, employment, and consumer spending, thereby boosting the economy.

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