Rastriya Banijya Bank

Rastriya Banijya Bank Limited (RBB)

Rastriya Banijya Bank Limited logo
Type	Government owned
Industry	Banking
Founded	January 23, 1966
Headquarters	Singha Durbar Plaza, Kathmandu, Nepal
Area served	Nepal
Key people	Kiran Kumar Shrestha (CEO)
Website	www.rbb.com.np

Central office building of Rastriya Banijya Bank, in Kathmandu, Nepal

Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; Nepali: राष्ट्रिय बाणिज्य बैंक) is fully government owned, and the largest commercial bank in Nepal.^[1][2][3][4] RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act. RBB provides various banking services to a wide range of customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. RBB has Nepal's most extensive banking network with 161 branches.^[5]

RBB is one of the pioneer banks in the country, with a history of nearly a half century. Earlier constituted under RBB Act 2021 with the full ownership of the government of Nepal, the bank has been running under Bank and Financial Institute Act (BAFIA) and Company Act (CA) 2063. The bank, licensed by NRB^[6] as an 'A' class commercial bank of the country, has grown up as an indispensable component of the Nepalese economy. It was the highest profit earning bank for fiscal year 2014/15. The bank has the second highest paid up capital until the end of FY 2015/16 after agriculture development bank. In terms of deposit, the bank has collected Rs more than Rs 130 billion (FY 2015/16), which is the highest deposit of any commercial bank in Nepal.

Rastriya Banijya Bank is one of the pioneering banks in the Nepalese market that has carried out Note Kosh Fund, Bharu Kosh Fund, NRB's draft transaction, government transaction, and pension fund of the Nepal government. Besides more than two dozen banks' branches are running in losses, they provides continue services to the general public because it is the government bank. Profit is not the only motive of the bank. RBB provides services in remote and undeveloped areas of Nepal.

RBB has a history of contributing for the monetization of the economy, eliminating dual currency in the market, initiating preliminary financial literacy, and helping industrial, commercial and financial sector of the country to flourish. It is a modern and strong financial institute of the country. With 2600 hands, it has expanded its wings in the most part of the country through multiple distribution outlets of 161 branches, 17 counters, 28 branchless banking (BLB) and 72 ATMs. It has high public confidence, reflected in the highest deposit base and growing demand for branch establishment in the various parts. The bank with as many as 1.7 million satisfied direct customers ranging from poor to elite ones and millions of indirect ones, has drawn important imprint in the picture of the country's economy through its significant involvement in the best use of its resources to enhance the production, income and employment opportunities.

Services currently offered by RBB:

• Credit
  • Business loan
  • Housing loan
  • Vehicle loan
  • Hire purchase loan
  • Educational loan
  • Apartment loan
  • Loan against gold
  • Loan against fixed deposit receipt
  • Loan against the government bond
  • Loan against shares
  • Loan against the first class bank guarantee
  • Rastra Sewak loan
  • Teachers' loan
  • Personal loan
  • Agricultural loan
• Deposits
  • Current account
  • Savings account
  • Fixed deposit
  • Karmayogi Bachat Khata
  • Mahalaxmi Bachat Khata
  • Chhunamuna Bachat Khata
  • Sikshak Bachat Khata
• Remittance
• Branchless banking
• ATM/CDM
• E-banking
• Mobile pay
• SMS banking
• Card services (debit/credit card)

References

External links

• Official website