Overview
Nepal SBI Bank Limited (NSBL) was incorporated in 1992 AD as a first Indo-Nepal joint venture in the financial sector sponsored by 3 institutional promoters, namely State Bank of India (SBI), Employees Provident Fund (EPF) and Agricultural Development Bank Limited (ADBL) of Nepal. In 1993, NSBL commenced operation with one full-fledged office at Durbar Marg, Kathmandu. Under the Banks and Financial Institutions Act (BAFIA), 2063, Nepal Rastra Bank (NRB) granted a license to NSBL classifying it as an "A" class commercial bank in Nepal on 2006.
The 55 percent of the total share capital of the NSBL is held by the State Bank of India (SBI), fifteen percent is held by the Employees Provident Fund (EPF) and the balance (30 Percent) is held by the general public. NSBL has emerged as one of the leading banks of Nepal, with more than 800 skilled and dedicated Nepalese employees working in a total of 83 outlets (72 branches, 7 extension counters, 3 Regional Offices, and Corporate Office). NSBL has been operating banking services in 39 districts in Nepal, and providing value-added services to its customers through its broad network of 110 ATMs, internet banking (e-banking), mobile wallet, IRCTC Ticket Online Booking facility to more than 0.833 million deposit customers and over 0.65 million ATM/Debit cardholders. NIBL has been taking the top position in Nepal in terms of penetration of technology products, viz. Internet Banking, Mobile Banking, and Card Services.
