Rastriya Banijya Bank

Rastriya Banijya Bank Limited
राष्ट्रिय वाणिज्य बैंक लिमिटेड
Company typeGovernment owned
IndustryBanking
Founded23 January 1966; 58 years ago (1966-01-23)
HeadquartersSingha Durbar, Kathmandu, Nepal
Number of locations
300+ Branches
Area served
Nepal
Key people
Dr.Balaram Pathak Chairman, Devendra Raman Khanal CEO
ProductsBanking, Loans, Credit card, Savings, Investment, Merchant banking
Number of employees
3000+
Websiterbb.com.np

Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; Nepali: राष्ट्रिय वाणिज्य बैंक) is fully government owned, and the largest commercial bank in Nepal.[1][2] RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act. RBB provides banking services to customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors.

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[3] as an 'A' class commercial bank of the country, is a component of the Nepalese economy.

Ownership structure

[edit]

The Bank currently has a paid-up capital of Nepalese Rupees 15.64 Billion (as of FY 2023/24) [4]

  • Nepal Government - 99.08%
  • General Public - 1.00%

Subsidiaries

[edit]

The bank's subsidiaries are as follows:

  • RBB Merchant Banking Limited.[5]
  • RBB Securities Limited.[6]

References

[edit]
  1. ^ "Introduction - Rastriya Banijya Bank". www.rbb.com.np. Archived from the original on 2013-03-26.
  2. ^ "NRB takes action against 7 banks | National | Business". www.ekantipur.com. Archived from the original on 2013-10-03.
  3. ^ NRB
  4. ^ "Home". sharesansar.com. 15 December 2016.
  5. ^ "Home". rbbmbl.com.np.
  6. ^ "Home". rbbsecurities.com.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Rastriya_Banijya_Bank&oldid=1252886698"