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This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary shortages of funds.
The State Bank of India (SBI), with a history of over 200 years, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity, with 57.50% ownership.
Grand Bank Nepal 2016 Acquired by Prabhu Bank [6] Janata Bank: 2019 Merged with Global IME Bank [7] KIST Bank 2014 Merged with Prabhu Bikas Bank [8] Lumbini Bank 2016 Merged with Bank of Kathmandu [9] Mega Bank Nepal: 2023 Merged with Nepal Investment Bank and renamed as Nepal Investment Mega Bank [10] Nepal Bangladesh Bank: 2022 Acquired by ...
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The primary monetary policy tool available to central banks is the administered interest rate paid on qualifying deposits held with them. Adjusting this rate up or down influences the rate commercial banks pay on their own customer deposits, which in turn influences the rate that commercial banks charge customers for loans.
It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits , such as saving, fixed, current, recurring deposit for up to the limit of Rs . 500,000 of each depositor in a bank.
The total deposits for the first year was NPR 1,702,025 where current deposits was about NPR 1,298,898 fixed was about NPR 388,964 and saving was NPR 14,163. Loan disbursed and outstanding at the end of the first year was NPR 1,985,000. In 2007, Nepal Bank Limited appointed Mr Rohit Ghambole as chief banker.
Nepal Rastra Bank head office located in Baluwatar, Kathmandu. The Nepal Rastra Bank (NRB; Nepali: नेपाल राष्ट्र बैंक) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector.