Rastriya Banijya Bank

{{Short description|Largest Commercial Bank of Nepal}}

{{Infobox company

| name = Rastriya Banijya Bank Limited
राष्ट्रिय वाणिज्य बैंक लिमिटेड

| logo =

| logo_size = 125px

| logo_caption=

| image =

| image_size =

| image_caption =

| type = Government owned|

| foundation = {{Start date and age|1966|01|23|df=yes}}

| location = Singha Durbar, Kathmandu, Nepal

|num_locations = 300+ Branches

| key_people = Mr. Dilip Kumar Dhungana (chairman)
Devendra Raman Khanal CEO

|products = Banking, Loans, Credit card, Savings, Investment, Merchant banking

| area_served =Nepal

| industry = Banking

| num_employees = 3000+

| homepage = {{URL|rbb.com.np}}

}}

Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; {{langx|ne|राष्ट्रिय वाणिज्य बैंक}}) is fully government owned, and the largest commercial bank in Nepal.{{cite web |url=http://www.rbb.com.np/intro.php |title=Introduction - Rastriya Banijya Bank |website=www.rbb.com.np |url-status=dead |archive-url=https://web.archive.org/web/20130326234117/http://www.rbb.com.np/intro.php |archive-date=2013-03-26}}{{cite web |url=http://www.ekantipur.com/2010/05/20/business/nrb-takes-action-against-7-banks/314675.html |title=NRB takes action against 7 banks {{!}} National {{!}} Business |website=www.ekantipur.com |url-status=dead |archive-url=https://web.archive.org/web/20131003161634/http://www.ekantipur.com/2010/05/20/business/nrb-takes-action-against-7-banks/314675.html |archive-date=2013-10-03}} 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[http://www.nrb.org.np NRB] as an 'A' class commercial bank of the country, is a component of the Nepalese economy.

Ownership structure

The Bank currently has a paid-up capital of Nepalese Rupees 15.64 Billion (as of FY 2023/24) {{cite web |url=https://www.sharesansar.com/company/rbbl|title=Home |website=sharesansar.com|date=15 December 2016 }}

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

Subsidiaries

The bank's subsidiaries are as follows:

  • RBB Merchant Banking Limited.{{cite web |url=https://www.rbbmbl.com.np/|title=Home |website=rbbmbl.com.np}}
  • RBB Securities Limited.{{cite web |url=https://rbbsecurities.com/about|title=Home |website=rbbsecurities.com}}

References

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