Types of banks in Nepal.

As of my most recent knowledge update in January 2022, Nepal has a variety of bank types that cater to
a variety of customers and purposes. Please be aware that the banking industry is susceptible to change
and that new types of banks may emerge. As of my most recent update, the most typical kinds of banks
in Nepal are:

Banks of all kinds:

Individuals, businesses, and government agencies can get a wide range of financial services from these
banks. Loans, savings accounts, current accounts, and other financial products are among the services
they provide.

Banks for development:

The financing of development projects and the promotion of economic growth are the primary goals of
Nepal's development banks. They offer long-term loans to various industries, infrastructure, and
agricultural businesses.

Businesses in finance:

In Nepal, finance companies provide non-banking financial services like hire purchase financing and
consumer loans. They might concentrate on a particular kind of financing.

Institutions of Microfinance:

Particularly in rural areas, microfinance institutions cater to the financial requirements of low-income
individuals. In order to encourage financial inclusion, they provide savings, small loans, and other
financial services.

Bank central:

The Nepal Rastra Bank (NRB) is Nepal's central bank. Although it is not a commercial bank, it is very
important in creating and implementing monetary policy, regulating and supervising the banking
industry, and keeping the financial system stable.
Banking cooperatives:

In Nepal, cooperative banks employ a cooperative structure in which members are both owners and
customers. They want to help their members work together and meet their financial needs.

Banks from abroad:

In Nepal, some international banks have subsidiaries or branches that offer services similar to those
offered by commercial banks. Individuals and multinational corporations that conduct international
business may find these banks useful.

Since the financial sector may have changed since my last update, it's best to check with the Nepal
Rastra Bank or other official sources for the most up-to-date information on the various kinds of banks
and financial institutions in Nepal.