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Rastriya Banijya Bank

Largest Commercial Bank of Nepal

Summary

Largest Commercial Bank of Nepal

Field	Value
name	Rastriya Banijya Bank Limited
राष्ट्रिय वाणिज्य बैंक लिमिटेड
logo_size	125px
image	Rastriya Banijya Bank logo.svg
type	Government owned
foundation
location	Singha Durbar Plaza, Kathmandu, Nepal
num_locations	300+ Branches
key_people	Mr. Dev Kumar Dhakal (chairman)
Devendra Raman Khanal CEO
products	Banking, Loans, Credit card, Savings, Investment, Merchant banking
area_served	Nepal
industry	Banking
num_employees	3000+
homepage

राष्ट्रिय वाणिज्य बैंक लिमिटेड Devendra Raman Khanal CEO

Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; ) 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 banking services to customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors.

Constituted under RBB Act 2021 with the full ownership of the government of Nepal, the bank has been running under Bank and Financial Institute Act (BAFIA) and Company Act (CA) 2063. The bank, licensed by NRB as an 'A' class commercial bank of the country, is a component of the Nepalese economy.

Ownership structure

The Bank currently has a paid-up capital of 15.64 billion Nepalese rupees (as of FY 2023/24).

Nepal Government - 99.97%
General Public - 0.03%

Subsidiaries

The bank's subsidiaries are as follows:

RBB Merchant Banking Limited.
RBB Securities Limited.

References

"Introduction - Rastriya Banijya Bank".
"NRB takes action against 7 banks {{!}} National {{!}} Business".
[http://www.nrb.org.np NRB]
(15 December 2016). "Home".
"Home".
"Home".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

banks-of-nepal banks-established-in-1966 1966-establishments-in-nepal government-owned-companies-of-nepal

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