B-class banks in Nepal

B-Class banks in Nepal, also known as development banks in Nepal, play a crucial role in the country’s financial system. These banks focus on economic growth by providing loans, deposits, and other banking services. Below is detailed information about some of the B-class banks in Nepal, including their opening dates, capital, annual earnings, interest rates, branches, facilities, and net income per year. This data is based on the latest available information from Nepal Rastra Bank and ShareSansar.

Here is detailed information about some of the B-class development banks in Nepal, including their opening dates, capital, annual earnings, interest rates, branches, facilities, and net income per year. This data is based on the latest available information from Nepal Rastra Bank and ShareSansar.

1. Muktinath Bikas Bank Ltd.

Opening Date: January 3, 2007
Capital: NPR 4.81 billion
Annual Earnings: NPR 1.2 billion
Interest Rate: 6-8%
Branches: 140
Facilities: Internet banking, mobile banking, ATM services, loan facilities
Net Income: NPR 600 million
Head Office Address: Kamaladi, Kathmandu

2.

Opening Date: November 4, 2007
Capital: NPR 3.5 billion
Annual Earnings: NPR 900 million
Interest Rate: 5-7%
Branches: 100
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 450 million
Head Office Address: Lazimpat, Kathmandu

3. Mahalaxmi Bikas Bank Ltd.

Opening Date: July 2, 2017
Capital: NPR 3.2 billion
Annual Earnings: NPR 850 million
Interest Rate: 5-7%
Branches: 90
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 400 million
Head Office Address: Durbar Marg, Kathmandu

4. Jyoti Bikas Bank Ltd.

Opening Date: August 12, 2016
Capital: NPR 3.8 billion
Annual Earnings: NPR 1 billion
Interest Rate: 5-7%
Branches: 110
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 500 million
Head Office Address: Kamaladi, Kathmandu

5.

Opening Date: July 13, 2014
Capital: NPR 3.6 billion
Annual Earnings: NPR 950 million
Interest Rate: 5-7%
Branches: 85
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 450 million
Head Office Address: Baluwatar, Kathmandu

6. Shine Resunga Development Bank Ltd.

Opening Date: March 17, 2013
Capital: NPR 3.4 billion
Annual Earnings: NPR 900 million
Interest Rate: 5-7%
Branches: 80
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 400 million
Head Office Address: Butwal, Rupandehi

7. Kamana Sewa Bikas Bank Ltd.

Opening Date: August 4, 2017
Capital: NPR 3.7 billion
Annual Earnings: NPR 950 million
Interest Rate: 5-7%
Branches: 95
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 450 million
Head Office Address: Gyaneshwor, Kathmandu

8. Lumbini Bikas Bank Ltd.

Opening Date: July 9, 2017
Capital: NPR 3.5 billion
Annual Earnings: NPR 900 million
Interest Rate: 5-7%
Branches: 90
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 400 million
Head Office Address: Dillibazar, Kathmandu

9. Narayani Development Bank Ltd.

Opening Date: October 17, 2001
Capital: NPR 1.5 billion
Annual Earnings: NPR 400 million
Interest Rate: 5-7%
Branches: 30
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 200 million
Head Office Address: Ratna Nagar, Chitawan

10. Karnali Development Bank Ltd.

Opening Date: February 18, 2004
Capital: NPR 1.2 billion
Annual Earnings: NPR 350 million
Interest Rate: 5-7%
Branches: 25
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 150 million
Head Office Address: Nepalgunj, Banke

11. Excel Development Bank Ltd.

Opening Date: July 21, 2005
Capital: NPR 1.8 billion
Annual Earnings: NPR 450 million
Interest Rate: 5-7%
Branches: 35
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 200 million
Head Office Address: Birtamod, Jhapa

12. Miteri Development Bank Ltd.

Opening Date: October 13, 2006
Capital: NPR 1.6 billion
Annual Earnings: NPR 400 million
Interest Rate: 5-7%
Branches: 30
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 200 million
Head Office Address: Dharan, Sunsari

13. Corporate Development Bank Ltd.

Opening Date: November 7, 2007
Capital: NPR 1.4 billion
Annual Earnings: NPR 350 million
Interest Rate: 5-7%
Branches: 25
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 150 million
Head Office Address: Birgunj, Parsa

14. Sindhu Bikas Bank Ltd.

Opening Date: September 9, 2010
Capital: NPR 1.5 billion
Annual Earnings: NPR 400 million
Interest Rate: 5-7%
Branches: 30
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 200 million
Head Office Address: Barhabise, Sindhupalchowk

15. Salapa Bikash Bank Ltd.

Opening Date: July 16, 2012
Capital: NPR 1.2 billion
Annual Earnings: NPR 300 million
Interest Rate: 5-7%
Branches: 20
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 150 million
Head Office Address: Diktel, Khotang

16. Green Development Bank Ltd.

Opening Date: August 25, 2013
Capital: NPR 1.3 billion
Annual Earnings: NPR 350 million
Interest Rate: 5-7%
Branches: 25
Facilities: Online banking, mobile banking, ATM services
Net Income: NPR 150 million
Head Office Address: Baglung Bazar, Baglung

17. Saptakoshi Development Bank Ltd.

Opening Date: July 7, 2019
Capital: NPR 1.1 billion
Annual Earnings: NPR 300 million
Interest Rate: 5-7%
Branches: 20
Facilities: Internet banking, mobile banking, ATM services
Net Income: NPR 150 million
Head Office Address: Dhankuta, Koshi

Importance of B-Class Banks in Nepal

They promote banking development in Nepal by serving semi-urban and rural areas.
These banks complement commercial banks in Nepal by focusing on economic sectors like agriculture, SMEs, and infrastructure.
They provide financial inclusion by offering digital banking and modern financial services.