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
Bank Of kathmandu
Bank of Kathmandu Limited (BOK) has today become a landmark in the Nepalese banking sector by being among the few commercial banks which is entirely managed by Nepalese professionals and owned by the general public. BOK started its operation in March 1995 with the objective to stimulate the Nepalese economy and take it to newer heights. BOK also aims to facilitate the nation's economy and to become more competitive globally.
Everest Bank Limited
Bank On Wheel
Everest Bank Limited has started its Mobile Banking operation since 26th September 2007. This service ‘Bank on Wheels’ as a banking product is the first of its kind in Nepal. Response from the customers towards Mobile Banking services has been observed overwhelming. EBL is providing banking facilities at the customer home through mobile banking.
EBL Birtamod Branch is providing Mobile Banking Services in three major cities of Jhapa District.
Schedule for Mobile Banking
We are providing banking service in different locaion of Jhapa District in different interval of days, serving most of the clients at Jhapa through Mobile Banking.
We are providing banking service in different locaion of Jhapa District in different interval of days, serving most of the clients at Jhapa through Mobile Banking.
- Damak:- Sunday, Wednesday and Thursday
- Bhadrapur:- Monday
- Kakarvitta :-Friday
Faciility Provided through Mobile Banking
- Cash Withdrawal (Not Exceeding NPR 5 Lacs per day)
- ABBS Facility
- Issuing Cheque Books
- Issuing Account Statements
- Issuing of ATM Cards etc.
- Providing Information about Bank’s Products
- Collection of Credit related files/filed inspection of the area
- Other Services.
Himalayan Bank Limited
Himalayan Bank Limited was set up in 1993 in joint collaboration with Habib Bank Limited of Pakistan. Through its customized services and innovative approach it has emerged as one of the premier commercial banks in Kathmandu and Nepal. Kathmandu Himalayan Bank Limited is 'Globus' enabled, which is a single banking software integrating all its branches. Himalayan Bank Limited Kathmandu offers retail, corporate, and international banking facilities for its customers.
Deposit Services - The deposit services include savings, current, fixed, premium savings, and call deposit accounts. The current deposit services are offered to corporate customers. The Premium Savings deposit is a unique service wherein the interest is calculated on the daily balance, and banking transactions take place through exclusive counters. Fixed deposit tenures range from 3 months to 12 months or more. Call deposit accounts are interest bearing current accounts that can be maintained for 7 to 90 days.
Loans - The loan services offered by Himalayan Bank are exhaustive. Consumer loans include, housing loans, purchase loans for vehicles, equipments or appliances, loans against fixed deposits, government bonds, bank bonds, shares, and bank guarantees, and Suvidha Loans for meeting sudden expenses.
Himalayan Bank Limited extends loans to small business enterprises at easy terms for encouraging budding entrepreneurs. SBE loan is offered for any activity in manufacturing, trading, or services.
Among Corporate loans, Letters of Credit and Bank Guarantees are the non-funded facilities. The funded corporate loans include, project loans, financing of working capital, non-revolving and revolving cash credit, demand loan, overdraft facility, export and import credit facilities, pledged loans, and bill discounting.
The other services provided by this premier bank include, Credit and Debit card facilities, Internet banking, and Safe Deposit Lockers.
Himalayan Bank Limited in Kathmandu has branches in Maharajgunj, New Road, Pulchowk, and Thamel. Their head office is located in Karmachari Sanchaya Kosh Building, Trivedi Marg, Thamel, P.Box 20590, Kathmandu, Nepal.
Himalayan Bank Limited Services
The services offered by Kathmandu Himalayan Bank cater to both individual and institutional clients. These services are:Loans - The loan services offered by Himalayan Bank are exhaustive. Consumer loans include, housing loans, purchase loans for vehicles, equipments or appliances, loans against fixed deposits, government bonds, bank bonds, shares, and bank guarantees, and Suvidha Loans for meeting sudden expenses.
Himalayan Bank Limited extends loans to small business enterprises at easy terms for encouraging budding entrepreneurs. SBE loan is offered for any activity in manufacturing, trading, or services.
Among Corporate loans, Letters of Credit and Bank Guarantees are the non-funded facilities. The funded corporate loans include, project loans, financing of working capital, non-revolving and revolving cash credit, demand loan, overdraft facility, export and import credit facilities, pledged loans, and bill discounting.
The other services provided by this premier bank include, Credit and Debit card facilities, Internet banking, and Safe Deposit Lockers.
Himalayan Bank Limited in Kathmandu has branches in Maharajgunj, New Road, Pulchowk, and Thamel. Their head office is located in Karmachari Sanchaya Kosh Building, Trivedi Marg, Thamel, P.Box 20590, Kathmandu, Nepal.
Nepal Investnment Bank
Nepal Investment Bank, one of the leading commercial banks of the country, was earlier known as the Nepal Indosuez Bank. Nepal Investment Bank Limited was established in 1986. Nepal Investment Bank was a joint commercial enterprise between the Credit Agricole Indosuez (one of the largest banking group in the world) and the Nepalese. The Head office of the Nepal Investment Bank Limited is located at Durbar Marg- Kathmandu, which remains open all round the year. This bank has 15 branches and 78 remittance centers across Nepal. The CEO of the Nepal Investment Bank Limited is Mr. Prithivi Bahabur Pande.
Nepal Investment Bank Limited (NIBL) functions on the thumb rule given by the Nepal Government and the Nepal Rastra Bank or the Central Bank of Nepal. Besides all the function that Nepal Investment Bank Limited (NIBL) performs, it is generally known for its remittance services. It boasts of being one of the most dependable and the strongest center of money transfer to Nepal. Money can be sent to NIBL via their exchange houses, correspondent banks and the Middle-East banks using NIBL's in-house remittance software and the Prithivi Express by the remitters across the globe.
The various modes of money transfers are:
Nepal Investment Bank Limited (NIBL) functions on the thumb rule given by the Nepal Government and the Nepal Rastra Bank or the Central Bank of Nepal. Besides all the function that Nepal Investment Bank Limited (NIBL) performs, it is generally known for its remittance services. It boasts of being one of the most dependable and the strongest center of money transfer to Nepal. Money can be sent to NIBL via their exchange houses, correspondent banks and the Middle-East banks using NIBL's in-house remittance software and the Prithivi Express by the remitters across the globe.
The various modes of money transfers are:
- Demand Draft: This facility is available worldwide through correspondent banks.
- Swift Transfers: This service ensures quick money transfer by the NIBL from any part of the globe. Beneficiary details and the swift address NIBLNPKT is asked for.
- Cash Management Services: If one is engaged into exporting goods to India, NIBL helps the exporter to collect receivables and bills properly. Also one can get the details of the Indian buyer with the help of NIBL
- Travelers Cheque: “American Express Traveler's Cheque”, accepted globally is issued here.
- Remittance from the Middle- East: NIBL authorizes worldwide agents of large remitting companies like Instant Cash, UAE Exchage, Wall Street Exchange and Doha Bank.
Standard Chartered Bank Nepal Limited
Overview
Standard Chartered Bank Nepal Limited has been in operation in Nepal since 1987 when it was initially registered as a joint-venture operation. Today the Bank is an integral part of Standard Chartered Group having an ownership of 75% in the company with 25% shares owned by the Nepalese public. The Bank enjoys the status of the largest international bank currently operating in Nepal.Standard Chartered has a history of over 150 years in banking and operates in many of the world's fastest-growing markets with an extensive global network of over 1750 branches (including subsidiaries, associates and joint ventures) in over 70 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. As one of the world's most international banks, Standard Chartered employs almost 75,000 people, representing over 115 nationalities, worldwide. This diversity lies at the heart of the Bank's values and supports the Bank's growth as the world increasingly becomes one market.
With 19 points of representation, 23 ATMs across the country and with more than 425 local staff, Standard Chartered Bank Nepal Ltd. is in a position to serve its customers through an extensive domestic network. In addition, the global network of Standard Chartered Group gives the Bank a unique opportunity to provide truly international banking services in Nepal.
Standard Chartered Bank Nepal Limited offers a full range of banking products and services in Consumer banking, Wholesale and SME Banking catering to a wide range of customers encompassing individuals, mid-market local corporates, multinationals, large public sector companies, government corporations, airlines, hotels as well as the DO segment comprising of embassies, aid agencies, NGOs and INGOs.
The Bank has been the pioneer in introducing 'customer focused' products and services in the country and aspires to continue to be a leader in introducing new products in delivering superior services. It is the first Bank in Nepal that has implemented the Anti-Money Laundering policy and applied the 'Know Your Customer' procedure on all the customer accounts.
Corporate Social Responsibility is an integral part of Standard Chartered's ambition to become the world's best international bank and is the mainstay of the Bank's values. The Bank believes in delivering shareholder value in a socially, ethically an environmentally responsible manner. Standard Chartered throughout its long history has played an active role in supporting those communities in which its customers and staff live. It concentrates on projects that assist children, particularly in the areas of health and education. Environmental projects are also occasionally considered. It supports non-governmental organisations involving charitable community activities The Group launched two major initiatives in 2003 under its 'Believing in Life' campaign- 'Living with HIV/AIDS' and 'Seeing is Believing'.
Nabil Bank Limited
Nabil Bank started operating in July 1984. The main aim of Nabil Bank of Nepal was to extend the service of international standard of modern banking in every sector of the society. Nabil Bank is a commercial bank, which has 19 branches in the country. The head office of the bank is located at Kamalkandi at Kathmandu, the capital city of Nepal. Most of its branches are at the capital city. However, it also has branches in Biratnagar, Birjang, Pokhra,Nepalganj and Butwal. Many new branches are opening shortly.
Nabil Bank Ltd has a very competent Board of Directors and the Management team. Mr. Anil Shah is the CEO of the bank. The day to day operations of the bank are taken care of by well trained people. Nabil Bank Ltd offers the customers various services, some of which are:
Nabil Bank Ltd has a very competent Board of Directors and the Management team. Mr. Anil Shah is the CEO of the bank. The day to day operations of the bank are taken care of by well trained people. Nabil Bank Ltd offers the customers various services, some of which are:
- Credit Cards
- ATMs
- Tele Banking
- Internet Banking or E-Banking
- Correspondent banking across 170 places in the globe
- Expenses tracking and monitoring
- Status and image symbol
- Cash carrying not required
- Can be used anywhere
- Issue is instant
Nepal Bank Limited
Bank Overview
History
His Majesty King Tribhuvan inaugurated Nepal Bank Limited on Kartik 30,1994 Bikram Sambat. This maarked the beginning of an era of formal banking in Nepal. Until then all monetary tractions were carried out by private dealers and trading center.
Then Prime Minister Maharaja Juddha Shumsher J.B.R. speaking on the occasion with the kind permission of His Majesty the King stated this work which is being done in the larger interest of the nation is a great moment for me. Until today a bank could not be opened in Nepal. Therefore this bank, which is being established under the name of Nepal Bank Limited to fill that, need and to be inaugurated by His Majesty the King, is a moment of great joy and happiness.
The Bank's objectives to render service to the people whether rich or poor and to contribute to the nation's development will also need the support and best wishes of all, which I am confident will be forthcoming.
In that era, very few understood or had confidence in this new concept of formal banking. Rising equity shares were not easy and mobilization of deposits even more difficult. This was evident when the bank floated equity shares worth NRs. 2,500,000, but was successful only in raising NRs. 842,000.
"In the absence of any bank in Nepal the economic progress of the country was being hampered and causing inconvenience to the people and therefore with the objective of fulfilling that need by providing service to the people and for the betterment of the country, this law in hereby promulgated for the establishment of the Bank and its operation"
The total deposits for the first year was NRs. 17,02,025 where current deposits was about NRs. 12,98,898 fixed was about NRs. 3,88,964 and saving was NRs. 14,163. Loan disbursed and outstanding at the end of the first year was NRs. 1,985,000.
From the very conception and its creation, Nepal Bank Ltd, was as joint venture between the government and the private sector. Out of 2500 equity shares of NRs. 100 face value, 40% was subscribed by the government and the balanced i.e. 60% was offered for the sale to private sector. There were only 10 shareholders when the bank first started.
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