List of Ka barga Banks in Nepal 2024

ka barga banks in nepal

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.

ka barga banks in nepal image displaying bank

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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