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Economics Economics

EconomicsSEE 2081

Write down the name of first commercial bank of Nepal and its establishment date.

1

Answer

· Based on the official syllabus and past papers
Updated

The first commercial bank of Nepal is Nepal Bank Limited (NBL).

NBL was established on 13 June 1932 (V.S. 2000 Asadh 29) during the reign of King Tribhuvan Bir Bikram Shah. It was the first bank in Nepal to provide commercial banking services, playing a pivotal role in the country's financial development. Initially, it was a private bank, but later it became a state-owned bank before transitioning back to a private entity. NBL remains one of the oldest and most prominent financial institutions in Nepal.

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