Nepalese Bank
Until the mid 1980's, Nepal‘s financial sector was closed to foreign banks and was effectively controlled by state owned banks RBB and NBL. In 1984, policies were liberalized and banking industry was opened to private sector. After 1984 there was rapid entry of joint venture commercial banks in the Nepalese financial market. In the first phase Nabil Bank (1984), Nepal Indo-Suez Bank (1985) and Nepal standard chartered bank (1987) entered the market. In the second phase Himalayan bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, Bank of Ceylon entered the market. Later 6 domestic owned banks entered the banking industry. Altogether there 17 commercial banks in the country as of mid- July 2004.The number of commercial banks branches is 423 of which 375 are branches of commercial banks and other 44 Agriculture Development Bank's branches.
In Nepalese banking industry there is a lack of product/ service differentiation. All banks are offering the same......
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