First in Nepalese Banking System

  1. Nepal Bank Limited was the first commercial bank established in Nepal. It was established on November 15, 1937 A.D. (Karthik 30, 1994 B.S.).
  2. Nepal Rastra Bank, the central bank of Nepal, was established on April 26, 1956 (Baishak 14, 2013).
  3. Rastriya Banjiya Bank was established on January 23, 1966 (Magh 10, 2022 B.S.).
  4. Agriculture Development Bank was established on January 21, 1968 (Magh 7, 2024 B.S.).
  5. Nepal Arab Bank (now Nabil Bank) is the first private sector (joint-venture) bank of Nepal established on July 12, 1984 (Asad 29, 2041 B.S.)
  6. Nabil Bank Limited introduced the first credit card in Nepal in 1990 (2047 B.S.)
  7. Himalayan Bank Limited introduced the first Automated Teller Machine (ATM) in Nepal in 1990 (2052 B.S.)
  8. Himalayan Bank Limited first introduced tele-banking (telephone banking) in Nepal.
  9. Kumari Bank Limited first introduced e-banking service in Nepal in 2002 (2059 B.S.).
  10. Laxmi Bank Limited was first in Nepal to introduce mobile (SMS) banking in 2004 (2061 B.S.).
  11. Mr. Himalayan Shumsher J. B. Rana was the first governor for Nepal. He was appointed from April 26, 1956 to February 7, 1961.

Acts related to Nepalese Banking and Financial System

  1. Nepal Rastra Bank Act, 2002 (2058) was authenticated and published on January 30, 2002 (Magh 17, 2058).
  2. Bank and Financial Institution Act (BAFIA), 2073 (2017) was authenticated on April 23, 2017 A.D. (Baishak 10, 2073 B.S.)
  3. Nepal Companies Act, 2063 (2006) was adopted on  November 3, 2006 ( Karthik 17, 2063).
  4. Nepal Insolvency Act, 2063 (2006) was adopted on November 20, 2006 ( Mangsir 4, 2063)
  5. Nepal Rastra Bank introduced Merger Bylaws 2068 B.S. included in article 177 of Companies Act 2063 and article 68 and 69 of BAFIA 2063 B.S.

Reference

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