Types of bank In Nepal

Types of Bank In Nepal

· Central Bank
· Commercial bank
· Development bank

Central Bank

Nepal Rastra bank is the central bank of Nepal which was established in 2013 BS.Central bank holds the top most position in the banking sector and slowly energies the rights of issuing notes, managing cash and credit system, controlling foreign exchange and formulating banking policy for the development of banking sector in the interest and welfare of the public.

Commercial Bank
Commercial bank refers to that bank which accepts deposits of the public and organization, grants loan to them against securities, providing financial and technical assistance to the traders and commercial parties.

Development Bank

The bank which is established for the development of various sector like agriculture, industrial etc. by providing financial, technical and administrative and other necessary assistance is known as Development Bank.

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