As the world is going on globalization and in internet and as it is running in the age of computer the bank must be also fulfill of modern services. in the business age all the people searching the quick and qualitative services through the bank.In Nepal it also growing the computerization in the banking transaction. In most of the bank followed the computer system. as the age of network Nepalese bank are operating and providing the banking services through the network or internet.Any transaction of any corner of the world are available and possible even in Nepalese commercial bank. It has helped to the modern business and commerce.
Tuesday, November 29, 2011
Deposit condition of the commercial bank in Nepal
Deposit refers the accepting money amount from the individual and institution or savers for the propose to reinvest the collected amount to the borrowers for the fixed interest rate.in Nepal there are different commercial bank collecting the deposit in different terms and condition through the different offers.Being the rural country most of the people live in rural area and the commercial bank can not rich in the rural areas, they are only limited in the city areas from where is not sufficient the money to all the commercial and other financial institution.For it banks must be open the branches in also in the rural areas.
Growing number of commercial bank
After the following the liberalization policy by Nepalese government number of commercial bank and financial institution are rapidly growing.After establishment of democracy in 2047 Nepalese government has given priority to the commercial bank.In 2044 the Nepal Arab bank is established after the following the liberalization policy by the Nepal.Now the total numbers of commercial bank are 32 and their branches operating all over the country. it shows the rapidly growing condition of commercial bank in Nepal.
Financial position of commercial bank
Bank refers the financial institution which accept the deposit from the individual and institution and provide the different kinds of loan for the fixed interest rate. Here the financial position refers financial condition of bank like liquidity position,investment position,profit/loss position and cash flow positionhe bank.Nepal is the one of the poor country of the south Asia ,the condition of which is also in rising situation.Bank are suffering from the political instability and various other circumstances. the main thing is that the people of the country is uneducated, they have not knowledge of the bank and financial institution, so it impacted to the all financial position of the bank.
Rastriya Banijya Bank Limited
Rastriya Banijya Bank (RBB) is fully government owned, and the largest commercial bank in Nepal. RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act. RBB provides various banking services to a wide range of customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors.
RBB has Nepal's most extensive banking network with over 127 branches. Through its branch network, RBB has been contributing to Nepal's economic development by providing banking services throughout the country.
RBB has many correspondent arrangements with major international banks all over the world that facilitate trade finance, bank-originated personal funds transfers and interbank funds transfer via SWIFT. In a bid to promote remittance business, RBB works with Western Union and International Money Express, two leading person-to-person funds transfer networks.
In addition RBB runs various programmes i.e. Banking with the Poor, Micro Credit project for Women etc. to enhance the living standard of people as per the government directives.
As well, RBB actively delivers various government programs to people living in remote parts of the country; these programs are intended to raise living standards.
RBB has Nepal's most extensive banking network with over 127 branches. Through its branch network, RBB has been contributing to Nepal's economic development by providing banking services throughout the country.
RBB has many correspondent arrangements with major international banks all over the world that facilitate trade finance, bank-originated personal funds transfers and interbank funds transfer via SWIFT. In a bid to promote remittance business, RBB works with Western Union and International Money Express, two leading person-to-person funds transfer networks.
In addition RBB runs various programmes i.e. Banking with the Poor, Micro Credit project for Women etc. to enhance the living standard of people as per the government directives.
As well, RBB actively delivers various government programs to people living in remote parts of the country; these programs are intended to raise living standards.
Agriculture Development Bank
Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal. The bank has been working as a premier rural credit institution since the last three decades, contributing a more than 67 percent of institutional credit supply in the country. Hence, rural finance is the principal operational area of ADBL. Besides, it has also been executing Small Farmer Development Program (SFDP), the major poverty alleviation program launched in the country. Furthermore, the bank has also been involved in commercial banking operations since 1984.
The enactment of Bank and Financial Institution Ordinance (BAFIO) in February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967. In line with the BAFIO, ADBL has been incorporated as a public limited company on July 14, 2005. Thus, ADBL operates as a "A" category financial Institution under the legal framework of BAFIO and the Company Act, 2053.
The enactment of Bank and Financial Institution Ordinance (BAFIO) in February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967. In line with the BAFIO, ADBL has been incorporated as a public limited company on July 14, 2005. Thus, ADBL operates as a "A" category financial Institution under the legal framework of BAFIO and the Company Act, 2053.
Global Bank Limited
Information on Global Online Banking
Why stand in line when you can be online? Global Bank offers convenient banking facilities through the Internet so its valued customers can save their time and money. Global online banking features many of the traditional banking activities which previously could only be done through the counter.
Features:
The following are the list of features available through Global online banking, which is also known as GlobalOnline.
1. Transaction a. Fund Transfer
b. Credit Card Payment
c. Landline Bill Payment
d. Postpaid Bill Payment
e. Recharge
i) NTC GSM Prepaid
ii) NTC CDMA Prepaid
iii) ESewa Account
2. Request a. Cheque Stop
b. Cheque Book
3. Accounts Enquiry a. General Information
b. Full Information
c. Mini Statement
d. Full Statement
4. Settings a. Change Login Password
b. Change Transaction Password
c. Link Account Setting
d. Link Credit Card Setting
5. Message and History a. Compose and Send Message
b. Read Message
c. Global Online History
Procedure to Register to Global Online Banking
- Fill up the application for online banking.
- Submit it to the respective branch.
- Receive your user ID and passwords in your e-mail and mobile phone.
- Begin using online banking service.
Eligibility:
- You must have Global Bank account in order to apply for online banking. No other documentations are required and online banking is offered to the customers without charging any fees or commissions.
Procedure to Use Global Online Banking
Subscribe to:
Posts (Atom)