Nepal SBI Bank Limited (NSBL) is a Class 'A' commercial bank and the first Indo-Nepal joint venture in the country's financial sector. It is promoted by the State Bank of India, India's largest bank, which holds 55 percent of the share capital, alongside Nepali institutional promoters. The bank has been in operation since 1993 and serves retail customers, SMEs and corporate clients across Nepal.
History
The memorandum of understanding behind the bank was signed on 17 July 1992. Nepal SBI Bank was incorporated on 28 April 1993 and began business on 7 July 1993 from a single office at Durbar Marg, Kathmandu, with eighteen members of staff.
Its three institutional promoters were the State Bank of India, the Employees Provident Fund and the Agricultural Development Bank of Nepal. The bank has since grown to employ more than nine hundred people and operates a nationwide network, with its corporate office now at Kamaladi in Kathmandu. Its shares are listed on the Nepal Stock Exchange.
Services
- Deposit accounts: savings, current, fixed deposits, recurring deposits and NRN accounts
- Retail loans: home loans, auto loans, education loans, gold loans and personal loans
- SME and business lending, including working capital and term loans
- Corporate banking, project finance and consortium lending
- Trade finance: letters of credit, bank guarantees and import and export documentation
- Remittance, with a strong India corridor through the State Bank of India network
- Cards: debit cards, credit cards and instant card issuance
- Digital banking: YONO Nepal SBI mobile app, internet banking and QR payments
- Safe deposit lockers and branchless banking services
Network
The bank operates around 127 service outlets, 121 ATM terminals and thirteen branchless banking points across Nepal. Alongside its Kathmandu valley branches it maintains a presence in Pokhara, Birgunj, Biratnagar, Butwal, Janakpur, Nepalgunj, Itahari and other regional centres, with branch coverage in all seven provinces.
India-Nepal banking and digital services
The State Bank of India relationship makes NSBL a common choice for customers who need banking on both sides of the India-Nepal border, including Indian rupee transactions, trade settlement and remittance. The bank's YONO Nepal SBI app brings account opening, transfers, bill payment and card management into a single mobile platform. International transactions run through SWIFT code NSBINPKA.
At a glance
- Type: Class 'A' commercial bank, Indo-Nepal joint venture
- Incorporated: 28 April 1993; operations began 7 July 1993
- Major shareholder: State Bank of India (55 percent)
- Other promoters: Employees Provident Fund, Agricultural Development Bank of Nepal
- Corporate office: Kamaladi, Kathmandu
- Service outlets: about 127
- ATMs: about 121
- Staff: more than 900
- SWIFT code: NSBINPKA
- Phone: 01-5970333 (toll free 16600120012)
- Email: feedback@nsbl.com.np
- Website: nsbl.statebank