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Nepal SBI Bank Limited

Nepal SBI Bank Ltd. (NSBL) is the first Indo-Nepal joint venture in the financial sector sponsored by three institutional promoters, namely State Bank of India, Employees Provident Fund and Agricultural Development Bank of Nepal through a Memorandum of Understanding signed on 17th July 1992. NSBL was incorporated as a public limited company at the Office of the Company Registrar on April 28, 1993  and was licensed by Nepal Rastra Bank on July 6, 1993. NSBL commenced operation with effect from July 7, 1993 with one full-fledged office at Durbar Marg, Kathmandu with 18 staff members. The staff strength has since increased to 324.
The management team and the Managing Director who is also the CEO of the Bank are deputed by SBI. SBI also provides management support as per the Technical Services Agreement. Fifty percent of the total share capital of the Bank is held by the State Bank of India, fifteen percent is held by the Employees Provident Fund, five percent is held by the Agricultural Development Bank Nepal and thirty percent is held by the general public.

Branches in Kathmandu Valley: Durbar Marg, Bouddha, Patan, Gongabu amongst others

Branches outside Kathmandu Valley: Baglung, Pokhara, Hetauda, Butwal, Biratnagar, Birgunj, Ghorahi (Dang), Maharajgunj, Damauli (Tanahun) amongst others


Website of the Nepal SBI Bank:



News about the Nepal SBI Bank
Nepal SBI Bank Ltd has opened its 25th branch at New Baneshower to provide quality banking services to its customers. Indian ambassador to Nepal Rakesh Sood formally inaugurated the Bank’s New Baneshwor Branch amid a select gathering on Wednesday

Nepal SBI Bank Ltd inaugurated its 24th branch office at Ghorahi, Dang on Sunday. The bank has also brought its new scheme, educational loan for Nepali students in Australia and other countries. The bank, with extension counters and 24 branch offices, now has a total of 30 business units.

Nepal SBI Bank inaugurated its 23rd branch office at Maharajgunj on Tuesday. The bank is planning to open its branch offices at three more places within the valley at Kalanki, New Baneshwor and Bhaktapur. It is also planning to open six branch offices outside Valley

Nepal SBI Bank approved 25 per cent bonus share and 50 per cent right share from its 15th Annual General Meet (AGM) on Friday, states a press release. The AGM also decided to increase its authorised capital to Rs 2 billion.

Nepal SBI Bank inaugurated its 18th branch at Damauli in Tanahun district on Tuesday. The bank has seven branches within the valley and it is planning to open seven more branches at Surkhet, Ghorahi, Tamghas, Tansen, Hetauda, Ithahari and Ilam

More news & articles about banking & loans
Competition Nepali banking sector (3-11-2008)
Children saving scheme by Nepal Investment Bank (21-8-2008)
Life Insurance Corporation (Nepal) launches money back guarantee plan (15-8-2008)

Profit of Agriculture Development Bank (25-7-2008)
Sunrise bank in Gabahal Lalitpur (27-6-2008)
Per capita income Nepal reaches $470 (10-06-2008)


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