Nepal Bank Limited, The first bank of Nepal was established in November 15, 1937 A.D (Kartik, 30, 1994). It was formed under the principle of Joint venture (Joint venture between govt. & general public). NBL's authorized capital was Rs. 10 million & issued capital Rs. 2.5 million of which paid-up capital was Rs. 842 thousand with 10 shareholders. The bank has been providing banking through its branch offices in the different geographical locations of the country.
NBL Technology Transformation
Nepal Bank Limited (NBL), who marked the beginning of an era of formal banking in Nepal, started its computerization process since 2048 B.S with YBPASS system in its main branch office. After implementation of comprehensive Financial Sector Reform Program in 2001 (2057 B.S) formally by Nepal Rastra Bank, Nepal Bank mechanized its banking operations implementing PUMORI financial system, one of the local accounting solutions by Mercantile Office System Pvt. Ltd.