Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; ) is fully government owned, and the largest commercial bank in Nepal.[1][2] 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[3] 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 15.64 billion Nepalese rupees (as of FY 2023/24).[4]
- Nepal Government - 99.97%
- General Public - 0.03%
Subsidiaries
The bank's subsidiaries are as follows: