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Rastriya Banijya Bank

Rastriya Banijya Bank (RBB) is fully government owned, and the largest commercial bank in Nepal. RBB was established on January 23, 1966 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 118 branches. Through its branch network, RBB has been contributing to Nepal's economic development by providing banking services throughout the country.

Mission:
RBB is committed towards the satisfaction of its customers by providing modern banking facilities. At the same time, the Bank is equally committed to the economic growth and development of the country. The Bank aims to reach every rural and urban corner of Nepal to accommodate the requirement of the people. The Bank's extensive branch network and international connections are designed to transact banking activity between any part of the country and any part of the world.

 

Website of the Rastriya Banijya Bank: www.rbb.com.np

 

Overview of interest rates of home, car, motor, personal loans

 
News about the Rastriya Banijya Bank
17-02-2010
Rastriya Banijya Bank (RBB) has been able to reduce its non-performing loans (NPL) to 12.98 percent during the second quarter of the current fiscal year from 15.4 percent in the fiNRst quarter. The bank's NPL was 21.6 percent during the second quarter of the last fiscal year.

17-11-2009
Rastriya Banijya Bank (RBB) has declared a first quarter net profit of Rs 319.1 million. The bank also said it collected Rs 65.65 billion in deposits in the period. Compared to the same period of the previous fiscal year, the collections were 15.68 percent more.

06-10-2009
Rastriya Banijya Bank, the largest bank of the country in terms of deposits and coverage, has floated a plan to make its net-worth positive and lower Non-Performing Assets to less than 5 percent within the next two years.

01-09-2009
Rastriya Banijya Bank, a state owned commercial bank, posted a record net profit of Rs. 2.03 billion last fiscal year. “By making a successful recovery of Rs. 2.4 billion cash last year from Non-Performing Loan, the bank succeeded to bring down the Non-Performing Asset to 15 per cent,” according to Bank CEO Janardan Acharya.

01-08-2009
The Biratnagar branch of Rastriya Banijya Bank (RBB) earned the profit of Rs. 180 million last fiscal year. Despite the opening of many private banks, the bank succeeded in earning the net profit worth Rs. 144.7 million in the fiscal year 2065-066

22-07-2009
Even though the government has announced a two-year recapitalization plan for Rastriya Banijya Bank (RBB), Finance Minister Surendra Pandey said on Monday that the actual implementation of the plan would depend on the performance of the bank itself. Pandey says: “All the public sector entities are faring badly despite injecting of capital and other reform efforts. The government, hence, is no more willing to inject more capital in them".

03-05-2009
A woman employee of Rastriya Banijya Bank, Amarsingh chowk branch, in Pokhara has been accused of defrauding consumers of Rs 29.4 million. Organizing a press conference, victims said that Nirmala Parajuli had been depositing the money of some consumers herself saying she would pay more interest rate than the bank. Parajuli was also accused of withdrawing money from consumers´ accounts misusing checkbooks and passbooks of consumers and through fake signatures.

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