List of Development Banks in Nepal

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

BanksOperation DatePaid Up capital
(Rs Crore)
Level
Narayani Development Bank Ltd.2001/10/1726.23 to 5 Districts
Karnali Development Bank Ltd.2004/02/1850.283 to 5 Districts
Excel Development Bank Ltd.2005/07/21115.73 to 5 Districts
Miteri Development Bank Ltd.2006/10/1390.33 to 5 Districts
Muktinath Bikas Bank Ltd.2007/01/03565.7National
Corporate Development Bank Ltd.2007/11/07503 to 5 Districts
Sindhu Bikas Bank Ltd.2010/09/0955.743 to 5 Districts
Sahara Bikas Bank Ltd.2010/10/2716.331 District
Salapa Bikas Bank Ltd.2012/07/162.801 District
Green Development Bank Ltd.2013/08/2551.93 to 5 Districts
Shangrila Development Bank Ltd.2014/07/13*301National
Shine Resunga Development Bank Ltd.2013/03/17*378.1National
Jyoti Bikas Bank Ltd.2016/08/12*426.7National
Garima Bikas Bank Ltd.2016/09/20*457.9National
Mahalaxmi Bikas Bank Ltd.2017/7/2*401National
Lumbini Bikas Bank Ltd.2017/7/9*328.4National
Kamana Sewa Bikas Bank Ltd.2017/8/4*314.2National
Saptakoshi Development Bank Ltd.2019/07/07*83.4310 District
Development Banks in Nepal with Paid up Capital

*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 Bank 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)

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