| S.No. | Name of PEs | Contact |
| 1 | Agricultural Development Bank | www.adbl.gov.np |
| 2 | Rastriya Beema Sasthan | www.beema.com.np |
| 3 | Nepal Industrial Development Corporation | www.nidc.org.np |
| 4 | Rastriya Baninjya Bank | www.rbb.com.np |
| 5 | Deposit and Credit Guarantee Corporation | www.dcgc.org.np |
| 6 | Nepal Housing Development Finance Company Ltd | Bijulibazar, Kathmandu nhdfc@mos.com.np |
| 7 | Nepal Stock Exchange | www.nepalstock.com |
| 8 | Citizen Investment Trust (CIT) | www.nlk.org.np |
Tuesday, August 28, 2012
Public Financial Enterprises (PEs) in Nepal
Nepal follows the mixed economy, government of Nepal also invested some of the financial institutions and enterprises. They are either fully owned by Nepal government or Partially. Up to date there are following financial public enterprises in Nepal.
Wednesday, August 22, 2012
Debit Cards in Nepal
Debit card also know as Bank card is plastic card that provide cardholders electronic access to his/her own bank account. If there is amount in bank one can easily withdrawn money using this card or make payments on purchase using this card.
In Nepal, use of Debit card is increasing rapidly recent years. Almost all banks and many other financial institutions provide debit card facility to withdraw money from ATMs and make payment on purchase where service available. SCT Debit card is the most famous in Nepal followed by VISA, Mastercard and others. Almost all ATMs of the banks support these cards.
Recent days online shopping is growing, which also increase the importance of these cards. Since Credit cards are not easy to get for everyone, anyone can deposit some money on their bank accounts and access that money whenever, wherever they want. This card also reduces the robbery of money.
There are also some debit card fraud news around the news media. So we should be careful while using the debit card along with bank's safety instruction. Passwords are must be kept secret.
If you want to get a debit card, you can open an account in any of these commercial banks and you will get it easily.
In Nepal, use of Debit card is increasing rapidly recent years. Almost all banks and many other financial institutions provide debit card facility to withdraw money from ATMs and make payment on purchase where service available. SCT Debit card is the most famous in Nepal followed by VISA, Mastercard and others. Almost all ATMs of the banks support these cards.
Recent days online shopping is growing, which also increase the importance of these cards. Since Credit cards are not easy to get for everyone, anyone can deposit some money on their bank accounts and access that money whenever, wherever they want. This card also reduces the robbery of money.
There are also some debit card fraud news around the news media. So we should be careful while using the debit card along with bank's safety instruction. Passwords are must be kept secret.
If you want to get a debit card, you can open an account in any of these commercial banks and you will get it easily.
Tuesday, August 21, 2012
Finance Companies in Nepal
Finance company is an organization that originates loans for both businesses and consumers. Much like a bank, a typical finance company acts as a lending entity by extending credit. However, the main difference between a bank and a finance company is that, unlike a bank, a finance company does not accept deposits from the public. Instead, a finance company may draw funding from banks and various other money market resources. But in case of Nepal, finance companies also a depository institution. They are licensed by Nepal Rastra Bank "C" class.
Until now there are 77 Finance Companies in Nepal (Source: Nepal Rastra Bank- Mid April-2012). Which are given below..
Until now there are 77 Finance Companies in Nepal (Source: Nepal Rastra Bank- Mid April-2012). Which are given below..
| 1 | Nepal Housing Development Finance Co.Ltd. | Bijulibazar, Kathmandu |
| 2 | Nepal Finance Ltd. | Kamaladi, Kathmandu |
| 3 | NIDC Capital Markets Ltd. | Kamalpokhari, Kathmandu |
| 4 | Narayani National Finance Ltd. | Kalikasthan, Kathmandu |
| 5 | Annapurna Finance Co.Ltd. | Pokhara, Kaski |
| 6 | Nepal Share Markets and Finance Ltd. | Ramshahapath, Kathmandu |
| 7 | Peoples Finance Ltd. | Mahabauddha, Kathmandu |
| 8 | Mercantile Finance Co. Ltd. | Birgunj, Parsa |
| 9 | Kathmandu Finance Ltd. | Dillibazar, Kathmandu |
| 10 | Himalaya Finance Ltd. | Sundhara, Kathmandu |
| 11 | Union Finance Ltd. | Kamaladi,Kathmandu |
| 12 | Gorkha Finance Ltd. | Hattisar, Kathmandu |
| 13 | Paschhimanchal Finance Co.Ltd. | Butawal, Rupandehi |
| 14 | Nepal Housing & Merchant Finance Ltd. | Dillibazar, Kathmandu |
| 15 | Universal Finance Ltd. | Kantipath, Kathmandu |
| 16 | Samjhana Finance Co. Ltd. | Banepa, Kavre |
| 17 | Goodwill Finance Ltd. | Dillibazaar, Kathmandu |
| 18 | Siddhartha Finance Ltd. | Siddarthanagar, Rupandehi |
| 19 | Shree Investment & Finance Co. Ltd. | Dillibazar, Kathmandu |
Sunday, August 19, 2012
Commercial Banks in Nepal
Commercial banks comprise the largest group of depository institutions in size. In Nepal Commercial banks are dominant financial institutions. Nepal Rastra Bank (Central Bank of Nepal) licensed them as "A" class.
Currently there are 32 commercial banks in Nepal. Their names and respective websites are given below.
Currently there are 32 commercial banks in Nepal. Their names and respective websites are given below.
| S. No. | Name of Commercial Bank | Website (URL)[Click to visit] |
1
|
Nepal Bank Ltd. | www.nepalbank.com.np |
2
|
Rastriya Banijya Bank Ltd | www.rbb.com.np |
3
|
Agricultural Development Bank Ltd. | www.adbl.gov.np |
4
|
Nabil Bank Ltd. | www.nabilbank.com |
5
|
Nepal Investment Bank Ltd. | www.nibl.com.np |
6
|
Standard Chartered Bank Nepal Ltd. | www.standardchartered.com/np/ |
7
|
Himalayan Bank Ltd. | www.himalayanbank.com |
8
|
Nepal SBI Bank Ltd. | www.nepalsbi.com.np |
9
|
Nepal Bangladesh Bank Ltd. | www.nbbl.com.np |
10
|
Everest Bank Ltd. | www.everestbankltd.com |
11
|
Bank of Kathmandu Ltd. | www.bok.com.np |
12
|
Nepal Credit and Commercial Bank Ltd. | www.nccbank.com.np |
13
|
Lumbini Bank Ltd. | www.lumbinibank.com |
14
|
Nepal Industrial and Commercial Bank Ltd. | www.nicbank.com.np |
15
|
Machhapuchhre Bank Ltd. | www.machbank.com |
16
|
Kumari Bank Ltd. | www.kumaribank.com |
17
|
Laxmi Bank Ltd. | www.laxmibank.com |
18
|
Siddhartha Bank Ltd. | www.siddharthabank.com |
19
|
Global IME Bank Ltd. | www.globalimebank.com |
20
|
Citizens Bank International Ltd. | www.ctznbank.com |
21
|
Prime Commercial Bank Ltd. | www.eprimebank.com |
22
|
Sunrise Bank Ltd. | www.sunrisebank.com.np |
23
|
Bank of Asia Nepal Ltd. | www.boanepal.com |
24
|
Grand Bank Nepal Limited | www.grandbanknepal.com.np |
25
|
NMB Bank Ltd. | www.nmb.com.np |
26
|
Kist Bank Ltd. | www.kistbank.com |
27
|
Janata Bank Nepal Ltd. | www.janatabank.com.np |
28
|
Mega Bank Nepal Ltd. | www.megabanknepal.com |
29
|
Commerz and Trust Bank Nepal Ltd. | www.ctbanknepal.com |
30
|
Civil Bank Ltd. | www.civilbank.com.np |
31
|
Century Commercial Bank Ltd. | www.centurybank.com.np |
32
|
Sanima Bank Ltd | www.sanimabank.com |
This list will be updated as soon as New Commercial Bank come into operation..
Friday, August 17, 2012
Financial Institutions in Nepal
The situation of number of commercial banks, development banks, finance companies and 'D' class micro-finance institutions are 32, 88, 77 and 23 respectively. There are other institutions that they are engaged in financial services through various means such as insurance companies, pension funds, provided funds etc. The given tables gives the Number of Banks and Financial Institutions in Nepal in Mid-April 2012.
| Bank and Financial Institutions |
Mid-April 2012
|
| Commercial Banks (Class 'A') |
32
|
| Development Banks (Class 'B') |
88
|
| Finance Companies (Class 'C') |
77
|
| Micro-Finance Institutions (Class 'C') |
23
|
| Nepal Rastra Banks Licensed Cooperatives (Limited Banking transactions) |
16
|
| Nepal Rastra Banks Licensed NGOs (Micro-finance transactions) |
37
|
| Insurance companies * |
25
|
| Employee Provident Fund |
1
|
| Citizen Investment Trust |
1
|
| Postal Saving Bank |
1
|
Source: Nepal Rastra Bank
Recently merger among banks and financial institutions has started. So Class A, B,C financial institutions could be reduced in number.
Other financial institutions are:
- Saving and Credit Cooperatives Limited -10997 (Source Department of Cooperatives)
- Mutual Funds more than 4 in number.
Thursday, August 16, 2012
Financial System in Nepal
Financial System is a set of institutional arrangements through which funds are transferred from surplus units (which has excess funds) to deficit units (which lack funds). Financial system composed with financial institutions, financial markets and financial instruments.
In Nepal, Financial system is in developing stage. Nepal Stock Exchange (NEPSE) is only an organized stock exchange in Nepal. There is also over the counter (OTC) market also. Capital market is not performing well. Stock prices and NEPSE index is decreasing several times than previous years.
Banks are the dominant financial institution in Nepal as well as other institutions like pension fund, provident fund, insurance company, mutual funds etc also plays major role in financial sector. However, financial services are not reach to poor and remote area people. They are concentrating their service only to town focus.
Main Financial instruments are Common Stock, Debentures, T-bills, Bank Load, CDs etc. Common Stock and Debentures are traded in NEPSE and OTC markets. T-bills are frequently issued by Nepal Rastra Bank to help liquidity necessities of financial institutions.
As Nepal one of the LDC, financial system is not perfectly developed. There is rumors about banks and other financial institutions. Many credit and saving cooperatives frauds people's deposit. Investors are not well aware of market.
In Nepal, Financial system is in developing stage. Nepal Stock Exchange (NEPSE) is only an organized stock exchange in Nepal. There is also over the counter (OTC) market also. Capital market is not performing well. Stock prices and NEPSE index is decreasing several times than previous years.
Banks are the dominant financial institution in Nepal as well as other institutions like pension fund, provident fund, insurance company, mutual funds etc also plays major role in financial sector. However, financial services are not reach to poor and remote area people. They are concentrating their service only to town focus.
Main Financial instruments are Common Stock, Debentures, T-bills, Bank Load, CDs etc. Common Stock and Debentures are traded in NEPSE and OTC markets. T-bills are frequently issued by Nepal Rastra Bank to help liquidity necessities of financial institutions.
As Nepal one of the LDC, financial system is not perfectly developed. There is rumors about banks and other financial institutions. Many credit and saving cooperatives frauds people's deposit. Investors are not well aware of market.
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