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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.
In 1952, the government of Nepal officially pegged the Nepalese rupee at रु1.28 = ₹1, although the market rate remained at रु1.60 = ₹1. [ 2 ] Between 1955 and 1957, there was a series of soft peg revaluations that started at रु1.755 = ₹1 and appreciated to रु1.305 = ₹1 by 1957.
He is the Chairperson of the Board of Directors of the Bank as per the provisions of the Nepal Rastra Bank Act 2002. [1] He was appointed as the Governor of the Bank by Government of Nepal on 6 April 2020. [2] Before he was appointed as the Governor, he also served as the Chief Executive Officer of the Investment Board Nepal (IBN) for three ...
Prabhu Bank Limited [3] is a commercial bank in Nepal. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank [4] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock ...
Agrawal (Giriya), Shyam and Gyawali, Kamal Prasad: Notes and Coins of Nepal. Nepal Rastra Bank Golden Jubilee Year 2005/06, Kathmandu, 2006. Bertsch, Wolfgang (2009). "The Legends on the Banknotes of Nepal". International Banknote Society (IBNS) Journal. 48 (3): 39– 44. Jha, Hari Jaya: An Overview of Nepalese Paper Money.
Commercial banks are 'A' Class Financial Institutions in Nepal. Nepal Bank Limited is the first & oldest Commercial bank in Nepal established in 1937 AD with government and private investment.Commercial Bank mainly provide facilities to their customer like Deposits, Loans, Mobile Banking, Remittance.
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 ...
Civil Bank Limited (CiBL) [2] [3] (Nepali: सिभिल बैंक लिमिटेड; NEPSE: CBL) is a commercial bank in Nepal.Founded in 2010, the bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank [4] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.