With a pioneering spirit and deep-rooted Indo-Nepalese collaboration, Nepal SBI Bank Ltd. is redefining the banking landscape through cutting-edge digital solutions, strategic partnerships, and a steadfast focus on inclusive, customer-centric services.
Nepal SBI Bank Ltd., established in July 1993 as the first Indo-Nepal joint venture bank, has become a transformative force within Nepal’s financial ecosystem. Born from a strategic alliance between the State Bank of India (which holds a 55% majority stake), Nepal’s Employee Provident Fund, and the General Public, the Bank has successfully combined Indian financial expertise with a deep understanding of local market dynamics.
Kathmandu, Nepal: Swayambhunath Temple
Over three decades of steady growth have earned Nepal SBI Bank the trust of more than 1.3 million deposit customers nationwide. Operating across 51 districts, it has built an extensive footprint that delivers banking services to a broad cross-section of the population. However, it is the Bank’s commitment to innovation—particularly in the digital space—that sets it apart as a true industry leader.
Nepal SBI Bank has been at the forefront of the country’s digital banking evolution. It was the first bank in Nepal to enable RuPay card acceptance at ATMs and POS terminals, marking a significant milestone not only for digital payments but also for cross-border financial integration. The acceptance of RuPay aligns well with Nepal’s efforts to foster financial inclusion and support its growing tourism economy by easing access to financial services for visiting Indian nationals.
The Bank’s digital offerings are extensive and accessible. Its flagship mobile banking application, YONO Nepal SBI, represents a comprehensive leap into omni-channel banking. The platform goes far beyond traditional mobile banking—integrating investment tools, insurance services, e-commerce, and more into a seamless user experience. Designed to cater to tech-savvy and digitally curious customers alike, YONO Nepal SBI is supported by enterprise-grade security features, including advanced encryption protocols, real-time device integrity checks, and multi-factor authentication.
Nepal SBI Bank’s drive for innovation manifests in practical, customer-focused solutions. The bank has introduced online account opening services, allowing users to access banking facilities without visiting a branch—an important development for rural customers and young professionals alike. Its cardless cash withdrawal service enhances convenience and security at ATMs, while its in-app spend analysis tools help users manage personal finances more effectively.
Through its QR Merchant Acquiring network, the Bank supports small businesses and informal merchants by enabling digital payment acceptance with minimal infrastructure, thereby accelerating Nepal’s transition to a cash-lite economy. This initiative plays a crucial role in expanding the reach of financial services to underserved segments of society, helping bridge the gap between formal banking institutions and grassroots commerce.
Nepal SBI Bank’s success is also underpinned by strategic partnerships and robust international linkages. Collaborations with global banks and regional financial institutions have strengthened its trade finance and remittance capabilities—vital pillars of Nepal’s economy. These cross-border banking services have facilitated smoother financial flows, making it easier for Nepali expatriates and businesses to operate across boundaries.
Internally, the Bank continues to invest in human capital development, infrastructure upgrades, and process automation. This commitment to institutional resilience ensures that the Bank remains agile and well-prepared to meet the needs of a rapidly evolving financial landscape.
Nepal SBI Bank’s forward-thinking approach extends to sustainability and governance. The Bank actively promotes responsible banking by integrating ESG (Environmental, Social, and Governance) considerations into its operations. It also maintains transparent governance standards, ensuring long-term value for stakeholders and contributing to national economic development.
In recognition of its commitment to modern banking innovation and inclusive digital growth, the CFI.co Judging Panel names Nepal SBI Bank Ltd. the winner of the 2025 award for Champion in Modern Banking Innovation (Nepal). This accolade affirms the Bank’s status as a model institution in South Asia, one that is not only keeping pace with global banking trends but also setting benchmarks in digital inclusion and customer engagement.
As Nepal continues its journey towards a digitally integrated economy, Nepal SBI Bank stands at the vanguard—bridging tradition and transformation with purpose and precision.
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