Ka Barga Banks in Nepal
Ka barga banks or A-class banks are categorized as commercial banks in Nepal by the Nepal rastra Bank. Commercial banks are the type of bank that is based on providing financial services to the general public and companies. Ka Barga Banks in Nepal, also known as cooperative banks, are an important aspect of the financial sector of Nepal.
In a country where access to financial services is limited, these banks play a crucial role in providing banking services to the unbanked population. Commercial banks offer services like providing loans, accepting deposits, and many other banking facilities.
What are Ka Barga Banks?
Ka Barga Banks are financial institutions that operate on the cooperative model. They are owned and controlled by their members, who are also their customers. The primary objective of ka barga banks is to provide affordable financial services to their members, especially those from low-income backgrounds. These banks mobilize savings from their members and use them to provide loans and other financial services.
Currently, there are 20 commercial banks listed as Class-A or ka barga banks in Nepal by the Nepal Rastra Bank. Let’s have a look at them.
Ka Barga Banks in Nepal 2024
Banks | Headquarters | Paid up capital |
Agriculture Development Bank | Ramshah Path, Kathmandu | 1862.04 crore |
Citizens Bank International | Narayanhiti Path, Kathmandu | 1420.10 crore |
Everest Bank | Lazimpat, Kathmandu | 1069.81 crore |
Global IME Bank | Kamaladi, Kathmandu | 3577.11 crore |
Himalayan Bank | Kamaladi, Kathmandu | 2165.66 crore |
Kumari Bank | Durbarmarg, Kathmandu | 2622.59 crore |
Laxmi Bank | Hattisar, Kathmandu | 1155.13 crore |
Machhapuchhre Bank | Lazimpat, Kathmandu | 1025.72 crore |
Nabil Bank | Beena Marg, Kathmandu | 2705.70 crore |
Nepal Investment Mega Bank | Durbarmarg, Kathmandu | 3412.86 crore |
Nepal Bank | Dharmapath, Kathmandu | 1469.40 crore |
Nepal SBI Bank | Kesharmahal, Kathmandu | 1012.06 crore |
NIC Asia Bank | Thapathali, Kathmandu | 1156.40 crore |
NMB Bank | Babarmahal, Kathmandu | 1836.67 crore |
Prabhu Bank | Babarmahal, Kathmandu | 2354.25 crore |
Prime Commercial Bank | Kamalpokhari, Kathmandu | 1940.26 crore |
Rastriya Banijya Bank | Singhadurbarplaza, Kathmandu | 1463.74 crore |
Sanima Bank | Nagpokhari, Kathmandu | 1246.01 crore |
Siddhartha Bank | Hattisar, Kathmandu | 1409.00 crore |
Standard Chartered Bank | Naya Baneshwor, Kathmandu | 942.95 crore |
Sunrise Bank | Gairidhara, Kathmandu | 1011.89 crore |
These were the list of A-Class or ka barga banks in Nepal. We will update you on any additional changes that might occur. Check out our website for other Bank and finance updates.
Future of Ka Barga Banks in Nepal
The future of ka barga banks in Nepal looks promising. These banks have played a significant role in promoting financial inclusion in the country, and their importance is expected to grow in the coming years. The government of Nepal has also recognized the importance of these banks and has taken several measures to support their growth. However, ka barga banks need to address the challenges they face, such as limited access to technology and financial literacy, to reach their full potential.
Conclusion
Ka Barga Banks in Nepal have been an integral part of Nepal’s financial system for decades. Their primary objective is to provide affordable financial services to their members and promote financial inclusion. With the government’s support and increased public awareness, ka barga banks are set to become an even more essential component of Nepal’s financial system. However, to achieve their full potential, these banks need to address the challenges they face and prioritize the development of their local communities.
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