Janata Bank Nepal Limited was a
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
in
Nepal
Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne,
सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is mai ...
. The bank was an ‘A’ class commercial bank licensed by
Nepal Rastra Bank
The Nepal Rastra Bank (NRB) ( ne, नेपाल राष्ट्र बैंक) was established April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilit ...
and had branches all across the nation with its head office in
Kathmandu
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, subdivision_type = Country
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, subdivision_type1 = Province
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which provided a complete commercial banking service.
The bank's shares were publicly traded as an 'A' category company in the Nepal Stock Exchange.
The Bank has been merged with Global IME Bank Limited and since being operated with later name.
Correspondent Network
The bank had been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross border services. Through these correspondents the bank was able to provide services in any major currencies in the world.
Merger agreement
Janata Bank signed an agreement wit
Global IME Bank Limitedon 20th Asar 2076 according to which the name of bank will remains the same but the core members will be changed.
See also
*
list of banks in Nepal This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank.
Class A: Commercial banks
Commercial banks are rated as Class "A" banks by the Nepal Rastra Bank. There are 21 commercial banks as of 24 February 2023. ...
*
Commercial Banks of Nepal
References
{{Reflist
External links
Official website of Janata Bank Nepal LimitedOfficial website of Nepal Rastra Bank
Banks of Nepal
2010 establishments in Nepal