Commercial banks in Nepal are classified as 'A' Class Financial Institutions. The inaugural commercial bank in Nepal, established in 1937 AD, is Nepal Bank Limited. These commercial banks primarily offer a range of services to their customers, including deposits, loans, letters of credit, internet banking, mobile banking, remittances, debit cards, credit cards, branchless banking services, and ATMs.
Nepal Rastra Bank (NRB) serves as the central bank of Nepal, bearing responsibility for the regulation and oversight of the country's financial system. NRB is also tasked with implementing monetary policies to maintain financial stability.
Following five mergers and two acquisitions involving commercial banks in Nepal, the total number of commercial banks as of May 2023 has been reduced to 20.
Kumari Bank (After the merger with Nepal Credit and Commerce Bank)
Rastriya Banijya Bank
Agriculture Development Bank
Nabil Bank (After the acquisition with Nepal Bangladesh Bank)
Nepal Investment Mega Bank (After the merger with Mega Bank Nepal Limited)
Standard Chartered Bank Nepal
Himalayan Bank (After the merger with Civil Bank Limited)
Nepal SBI Bank
Everest Bank
Prabhu Bank (After the acquisition of Century Bank Limited)
Laxmi Sunrise Bank (After the merger with Laxmi Bank)
Global IME Limited (After the merger with Bank of Kathmandu)
Citizens Bank International
Prime Commercial Bank
NMB Bank Nepal
NIC Asia Bank
Siddhartha Bank
Sanima Bank
Machhapuchchhre Bank
Nepal Bank Limited