Here is the list of Class “B” Development Banks in Nepal with paid up capital from April 2022.
In Nepal, Development banks can be operated at the district level or national level based on their paid up capital.
According to Nepal rastra bank commercial banks in Nepal should have a minimum capital of around rs 8 Arba to operate nationwide.
While Development banks are divided into 3 types
- 1 – 3 districts (Npr 500 million)
- 4 – 10 districts (Npr 1.2 billion)
- National (Npr 2.5 billion)
List of Development Banks in Nepal with Paid Up Capital 2022
| Banks | Operation Date | Paid Up capital (Rs Crore) | Level |
|---|---|---|---|
| Narayani Development Bank Ltd. | 2001/10/17 | 26.2 | 3 to 5 Districts |
| Karnali Development Bank Ltd. | 2004/02/18 | 50.28 | 3 to 5 Districts |
| Excel Development Bank Ltd. | 2005/07/21 | 115.7 | 3 to 5 Districts |
| Miteri Development Bank Ltd. | 2006/10/13 | 90.3 | 3 to 5 Districts |
| Muktinath Bikas Bank Ltd. | 2007/01/03 | 565.7 | National |
| Corporate Development Bank Ltd. | 2007/11/07 | 50 | 3 to 5 Districts |
| Sindhu Bikas Bank Ltd. | 2010/09/09 | 55.74 | 3 to 5 Districts |
| Sahara Bikas Bank Ltd. | 2010/10/27 | 16.33 | 1 District |
| Salapa Bikas Bank Ltd. | 2012/07/16 | 2.80 | 1 District |
| Green Development Bank Ltd. | 2013/08/25 | 51.9 | 3 to 5 Districts |
| Shangrila Development Bank Ltd. | 2014/07/13* | 301 | National |
| Shine Resunga Development Bank Ltd. | 2013/03/17* | 378.1 | National |
| Jyoti Bikas Bank Ltd. | 2016/08/12* | 426.7 | National |
| Garima Bikas Bank Ltd. | 2016/09/20* | 457.9 | National |
| Mahalaxmi Bikas Bank Ltd. | 2017/7/2* | 401 | National |
| Lumbini Bikas Bank Ltd. | 2017/7/9* | 328.4 | National |
| Kamana Sewa Bikas Bank Ltd. | 2017/8/4* | 314.2 | National |
| Saptakoshi Development Bank Ltd. | 2019/07/07* | 83.43 | 10 District |
*Joint operation date after the merger.
Paid-up capital based on the financial statement of Mid April 2022.
Kanchan Development Bank Ltd. has been acquired by NMB Bank and Tinau Mission Development Bank has been merger with Citizen Bank.
Also, you can apply for IPOs through these Development banks like Lumbini, Muktinath, Mahalaxmi, and Kamana Sewa Bikas Bank. Garima Bikas Bank Ltd will not take any C-ASBA Charges in Nepal.
Sources: Development Bank List Nepal Rastra Bank‘s official website and Paid up Capital details are taken from Sharesansar. (checked individually)
