Management Notes

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List of Commercial Banks in Nepal

List of Commercial Banks in Nepal – Name and Symbols | Management Notes

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List of Commercial Banks in Nepal 

Commercial banks accept deposits, provide checking accounts, loan services, and offer certificates of deposit (CDs) and savings accounts to individuals and small businesses. Commercial banks are the most popular places for people to conduct their banking. Commercial banks provide and earn interest on mortgages, auto loans, business loans, and personal loans. Deposits from customers make these loans possible. Short-term loans are provided by commercial banks in the form of Bank Credit.

Small and medium-sized businesses, as well as individuals, can access basic banking products and services through a commercial bank. Checking and savings accounts, loans, mortgages, CDs, safe deposit boxes, and basic investments are all available. Banks make money by charging fees and service charges. A variety of fees are associated with different products, including account maintenance fees, minimum balance fees, overdraft fees, and late fees, as well as fees for safe deposit boxes. It is common for loan products to be accompanied by fees in addition to interest.

Besides earning interest on money lent to other clients, banks also earn interest on their own money. Their customers deposit money into their accounts so they can lend it out. While banks charge higher interest rates on loans than on borrowings, they charge lower rates on borrowings. Savings account customers might receive 0.25% interest, while mortgage clients would receive 4.75%. Commercial banks have traditionally been located in buildings where customers use teller windows and automated teller machines (ATMs) for routine banking activities. Banks now offer their customers many of the same services that they offer in person online, such as money transfers, deposits, and bill payments.

Commercial Banks plays an important role in the economic development of the country. 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.

S.No.

List of Commercial Banks in Nepal

Symbol
1 Agricultural Development Bank Limited ADBL
2 Bank of Kathmandu Limited BOKL
3 Century Commercial Bank Limited CCBL
4 Citizen Bank International Limited CZBIL
5 Civil Bank Limited CBL
6 Everest Bank Limited EBL
7 Global IME Bank Limited GBIME
8 Himalayan Bank Limited HBL
9 Kumari Bank Limited KBL
10 Laxmi Bank Limited LBL
11 Machhapuchre Bank Limited MBL
12 Mega Bank Limited MEGA
13 Nabil Bank Limited NABIL
14 Nepal Bangladesh Bank Limited NBB
15 Nepal Bank Limited NBL
16 Nepal Credit and Commerce Bank Limited NCCB
17 Nepal Investment Bank Limited NIB
18 Nepal SBI Bank Limited SBI
19 NIC Asia Bank Limited NICA
20 NMB Bank Limited NMB
21 Prabhu Bank Limited PRVU
22 Prime Commercial Bank Limited PCBL
23 Rastriya Banijya Bank Limited RBB
24 SANIMA Bank Limited SANIMA
25 Siddhartha Bank Limited SBL
26 Standard Chartered Bank Limited SCB
27 Sunrise Bank Limited  SRBL

It is said that “with great risk comes great reward,” especially in banking. In order to generate profit, banks take on financial risks. Although the stakes are high, there is a large downside potential. The legal repercussions of such conduct have steadily increased since the 2008 financial crisis. From regulatory compliance to litigation and compensation claims, banks have spent significant amounts of money. In order to manage a wider variety of risks effectively, risk managers are feeling more pressure to build and maintain sustainable risk management frameworks.

There is an increasing impact of model risk and ESG risk beyond traditional risks such as credit, default, interest and  liquidity, and they are also on the rise. Furthermore, there are many nonfinancial risks whose downside is difficult to quantify. When working with risk clients at global banks, we encounter nine common risk types.

 

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