Nepal Rastra Bank is the governing body of banks and financial institutions, which give license for operation. The banks and financial institutions operated now are:
- 27 are “A” class commercial banks,
- 19 “B” class development banks,
- 20 “C” class finance companies,
- 77 “D” class micro-credit development banks,
- 25 Payment Service Providers,
- 1 Employees Provident Fund,
- 1 Citizen Investment Trust,
- 1 Post Office Deposit Bank,
- Nepal Bank Ltd. (1994 Kartik 30) is the first commercial bank of Nepal with the joint ownership of government and general public (with the cooperation of Imperial Bank of India).
- Nepal Rastra Bank was established in 2013 Baishak 14 as a Central Bank of Nepal.
- Rastriya Banijya Bank, a commercial bank under the ownership of Government Nepal was established in 2022 Magh 22
- The first joint venture of the foreign bank in Nepal is Nabil Bank (Nepal Arab Bank) 2040 BS.
- First Bank to introduce ATM in Nepal is Everest Bank Limited.
- First Bank to introduce Credit Card in Nepal is Himalayan Bank Limited.
- First Bank to introduce Multi-Currency Card Service in Nepal is Century Commercial Bank.
- Himalayan Bank is the first Bank to introduce Tele-Banking (Telephone Banking) in Nepal.
- Kumari Bank is the first Bank to introduce e-Banking (Internet Banking) in Nepal.
- Laxmi Bank is the first Bank to introduce SMS Banking (Mobile Banking) in Nepal.
- First Governor of NRB is Mr. Himalayan Samser JBR (2013 Baishak 13 to 2017 Magh 25)
- First Modern Bank in the world is the Bank of Venice.
- Maximum number of Shareholders to form Private Company is 7.
- According to NRB, Unified Directives Loan Loss Provisioning is: For Good Loan (up to 3 months) is 1%, For Substandard Loan (3 month to 6 months) is 25%, For Doubtful Loan (6 to 12 months) is 50%. For Bad Loan (12 months and above) is 100%
- First Development Bank of Nepal is NIDC.
- Deposit is a component of the liability side of the Commercial Bank.
- Monetary Policy formulates in Nepal by Nepal Rastra Bank.
Introduction of Paper Note in Nepal
- Rs. 5, Rs.10 and Rs. 100 in Aswin 2002 by Sadar Muluki Khana
- Rs. 2 in Aswin 2009 by Sadar Muluki Khana
- Rs.1 Rs.5 Rs.10 Rs. 100 in 7 Falgun 2016 by NRB
- Rs. 1000 in 14 Baishak 2026
- Rs. 500 in 30 Jesth 2027
- Rs. 50 in 14 Baishak 2034
- Rs. 2 in 14 Baishak 2038
- Rs. 20 in 22 Kartik 2039
- Rs. 250 in 28 Chaitra 2052
- Rs. 25 in 29 Chaitra 2052
- Polymer Note Rs. 10 in 14 Aswin 2059
- SBA, SAF, ESAF, PRGF, RCF are related to IMF.
- The latest Industrial Policy of Nepal is 2067.
- Nepal is the 147th member of WTO.
- Millennium Development Goals (MDGs) is the designation of the United Nations.
- IMF was established in 1945.
Keywords: Commercial Banks in Nepal, Development Banks in Nepal, Bank and Financial Institutions, Paper Notes, Banking and Financial Statistics of Nepal.