Central Bank of Nepal, Nepal Rastra Bank |
Commercial bank, Development Banks and Financial Institution are establishing in Nepal under the Bank and Financial Institution Act 2006 issued by NRB.
Modern History of Banking system first established in Nepal with the establishment of Nepal Bank Limited in 1937 A.D. King Tribhuwan inaugurated Nepal Bank Ltd. on 30th Kartik 1994 B.S. It was established as a semi governmental bank. It remain only a single financing institution until the establishment of Nepal Rastra Bank in 1956 A.D. Nepal Rastra Bank is established as an institution that issues national currency and promote financial organisations in the country. Before the establishment of NRB only metal currency are in use in monetary transaction. Nepal Bank Limited used to function as centre bank before establishment of NRB.
A good banking system of a country would help to develop the economy of the nation.
Modern History of Banking system first established in Nepal with the establishment of Nepal Bank Limited in 1937 A.D. King Tribhuwan inaugurated Nepal Bank Ltd. on 30th Kartik 1994 B.S. It was established as a semi governmental bank. It remain only a single financing institution until the establishment of Nepal Rastra Bank in 1956 A.D. Nepal Rastra Bank is established as an institution that issues national currency and promote financial organisations in the country. Before the establishment of NRB only metal currency are in use in monetary transaction. Nepal Bank Limited used to function as centre bank before establishment of NRB.
A good banking system of a country would help to develop the economy of the nation.
1 Comments
Thank you! Janice Johnson It would be covered soon!
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