What Garima Bikas Bank does

Garima Bikas Bank Limited is a publicly listed National Level Development Bank headquartered in Kathmandu, Nepal, regulated by Nepal Rastra Bank. Founded in 2007 (Nepali calendar year 2064) as a Regional Level Development Bank covering Syangja, Palpa, and Kaski districts with NPR 26.5 million in paid-up capital, the bank scaled to a national franchise through three successive mergers with Nilgiri Bikas Bank (2072), Subekshya Bikas Bank (2073), and Sahara Bikas Bank (2078). It now operates 126 branches and 51 ATMs across all seven provinces of Nepal, organized into ten regional cluster offices, and employs 501-1,000 staff.

The bank operates a full-service retail and SME banking franchise including deposit products (general savings, fixed deposits up to 5.43% p.a., recurring, senior citizen, women-focused, child, and foreign-employment savings), lending products (home loans up to 30 years, auto loans including 80% EV financing, education, agriculture, SME, business term, real estate, and microfinance), and fee-based services (FOREX, safe deposit lockers, C-ASBA IPO applications). Its technology stack centers on the Garima Digi Batuwa mobile/web banking platform, integrated with Fonepay, Nepal Pay, MOCO QR networks, Connect IPS, VISA, Mastercard, SCT-UPI (Nepal-India cross-border), and CDSC for DEMAT operations. Differentiated digital products include the Garima Virtual Credit Card (1.7M+ Fonepay merchant acceptance, 45-day interest-free period), Garima Voice Box merchant audio confirmation device, and Garima Smart Teller cardless cash withdrawal. Garima Remit provides access to 5,000+ payout points via 25+ remittance company partnerships. The bank holds dual ISO 27001/27017 certification (April 2026) and an MOU with ACAN for compliance and anti-corruption.

The bank's revenue model is built on net interest margin (deposit rates 2.75-5.43% vs. lending rates 11.99-16%), supplemented by transaction fees (account maintenance, ATM, remittance, locker rental NPR 2,000-3,000 annually), credit card interest at 30% p.a. (NPR 1,000 annual fee), and merchant fee income from QR payment processing. It serves a highly diversified customer base spanning individual retail (primary), SMEs (primary), agriculture and allied sectors, financial institutions, merchants, and foreign employment/diaspora customers via a hybrid branch-led relationship banking and self-serve digital go-to-market motion.

Name

Garima Bikas Bank

Legal name

Garima Bikas Bank Limited

Website

https://garimabank.com.np

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Garima Bikas Bank is a Nepalese National Level Development Bank offering retail and SME banking, digital payments, credit cards, remittances, and FOREX through 126 branches and 51 ATMs across all seven provinces, serving individuals, SMEs, agriculture, and diaspora customers.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Credit Card Issuing (52221)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Credit Cards & Revolving Credit (FSABAAAC)

akta.pro secondary industry

Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ)

Keywords

• Development banking services
• Savings and deposits
• Digital payment solutions
• Consumer lending products
• Remittance services

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Loans: The bank earns interest income by lending to individuals and businesses through various loan products including home loans, auto loans, education loans, agriculture loans, SME loans, business term loans, and hire purchase loans. Interest rates range from 11.99% to 16% depending on product type and tenure.
2. Deposit Interest Payments: The bank pays interest on customer deposits including savings accounts (2.75% to 4.75% p.a.), fixed deposits (2.75% to 5.43% p.a.), and call accounts. The spread between lending and deposit rates forms core banking revenue.
3. Fee-based Income: The bank generates fees from services including account maintenance, ATM transactions, credit card annual fees (NPR 1,000), remittance services, locker rentals (NPR 2,000 to NPR 3,000 annually), and various loan processing charges.
4. Credit Card Interest: Interest income from credit card balances at 30% p.a. with minimum credit limit of NPR 10,000 and maximum of NPR 100,000 for virtual cards, and NPR 500,000 for physical VISA cards.

Pricing tiers

Go-to-market motion1 record

Distribution channels9 records

Marketing channels7 records

Core offering

Garima Bikas Bank is a publicly listed National Level Development Bank in Nepal providing retail and commercial banking services through 126 branches and 51 ATMs. The bank offers savings accounts, fixed deposits, a wide range of loan products (home, auto, education, agriculture, SME, business term, real estate, hire purchase), digital banking via the Garima Digi Batuwa mobile and web platform, Garima QR payments, Garima Virtual Credit Card and VISA credit/debit cards, Garima Remit remittance services, FOREX, safe deposit lockers, and C-ASBA IPO applications. Revenue is generated primarily through net interest spread on loans versus deposits and fee-based services.

Product overview

Garima Bikas Bank is a National Level Development Bank offering a comprehensive suite of banking products and services across Nepal through 126 branches and 51 ATMs. The bank's digital banking ecosystem includes Garima Digi Batuwa (mobile/web banking), Garima QR (QR payments supporting Fonepay, NepalPay, MOCO), Garima Virtual Credit Card, Garima VISA Credit Card, and Garima VISA Debit Card. Savings products include General Savings, Fixed Deposits, Garima 5-in-1 Bachat Khata (bundled account with DEMAT/Mero Share/TMS/C-ASBA), specialized accounts for women, children, senior citizens, and foreign employment. Loan offerings cover Home Loans, Auto Loans, Education Loans, Agriculture Loans, Business Term Loans, SME Loans, Real Estate Loans, and Hire Purchase Loans. The bank also provides Garima Remit (remittance), Safe Deposit Lockers, C-ASBA (IPO applications), and FOREX services.

Differentiator

Problem solved

Functional benefit

Brands

• Garima QR: Digital QR payment solution enabling instant merchant payments through QR code scanning, supporting Fonepay QR, Nepal Pay QR Code, and MOCO QR.
• Garima Digi Batuwa
• Garima Virtual Credit Card
• Garima VISA Credit Card
• Garima VISA Debit Card
• Garima Smart Teller
• Garima Voice Box
• Garima Remit
• C-ASBA
• Garima 5 in 1 Bachat Khata

Products and services

• General Savings Account Basic deposit account for individuals with minimum balance NPR 500, 2.75% p.a. interest rate, free ABBS facility, cheque book, account statement, C-ASBA access, SMS/mobile banking, and debit card.
• Garima Nari Savings Specialized savings account designed for women customers with comprehensive banking solutions, free ABBS, locker facility access, and free account statement.
• Bal Bachat Savings Account Children's savings account for minors under 18, enabling parents to deposit funds for future needs while teaching financial planning.
• Senior Citizens Savings Account Specialized savings account for individuals aged 60+ with preferential interest rates and priority banking services.
• Foreign Employment IPO Savings Account Savings account for Nepalese citizens abroad for foreign employment, enabling IPO applications under Securities Board regulations with free C-ASBA, DEMAT, and Mero Share at 4.75% interest rate.
• Garima 5 in 1 Bachat Khata Versatile savings account bundling free Saving, DEMAT, Mero Share, TMS accounts, and C-ASBA registration with debit card, mobile banking, and locker discounts.
• Recurring Savings Account Deposit product for employees where organizations deduct salary portions monthly, with higher interest rates and up to 80% loan availability against deposit.
• Fixed Deposits High interest-bearing time deposits with flexible tenures from 3 months to 5+ years, with interest rates from 2.75% to 5.43% p.a. and credit facility up to 90% of deposit amount.
• Home Loan Financing for residential property purchase, land acquisition, or construction with tenure up to 30 years and interest rates from 11.99% to 13.99% depending on tenure.
• Auto Loan Vehicle financing for cars and jeeps with up to 80% financing for electric vehicles and tenure up to 10 years at 15.25% to 16.00% fixed rate.
• Education Loan Financing for higher, technical, and professional education with loan limits from NPR 0.15-0.5 million and up to 10 years tenure including grace period.
• Hire Purchase Loan Financing for public/commercial vehicle purchases with up to 75% financing for new vehicles and 8-year maximum tenure.
• Agriculture Loan Financing for agricultural firms engaged in vegetables, fruits, livestock, poultry, dairy, fish production, and agricultural machinery including tractors.
• Business Term Loan Short-term loans for working capital and long-term loans for establishing manufacturing or service businesses with up to 20-year tenure.
• SME Loan Financing for small and medium enterprises meeting business needs including new product launches, expansion, warehousing, and working capital.
• Real Estate Loan Financing for land purchase and development including land plotting for individuals and firms with up to 15-year tenure.
• Service Loan Financing for service sector businesses including education, tourism, health, and entertainment with overdraft or term loan options.
• Micro Finance Banking services for unemployed or low-income individuals providing access to financial services.
• Corporate Current Account Non-interest bearing transactional account for businesses with large volume transactions and access to credit facilities.
• Corporate Call Account Sweeping account combining savings and checking features with negotiated interest rates for businesses.
• Garima Virtual Credit Card Nepal's digital credit card offering instant, secure virtual card access via Garima Digi app, accepted at 1.7 million+ Fonepay merchants nationwide with up to 45 days interest-free credit and interest rate of 30% p.a.
• Garima VISA Credit Card VISA branded credit card accepted at POS machines across Nepal, India, and Bhutan with up to 45 days interest-free credit and MOCO app integration for utility payments.
• Garima VISA Debit Card VISA debit card supporting ATM withdrawals, in-store and online payments with 3D Secure authentication, contactless payments up to Rs 5,000, and SCT-UPI integration for Nepal-India payments.
• Garima Digi Batuwa Mobile and Web Banking Digital banking platform providing mobile and web-based banking services including balance inquiry, interbank fund transfers, utility payments, mobile top-up, and ticket booking for airplanes, buses, and cable cars. Transaction limits: NPR 100,000 per transaction, NPR 300,000 daily, NPR 30 Lakhs monthly via mobile.
• Garima QR Payment Solution Digital QR code payment solution enabling businesses to receive instant payments directly into their bank accounts after customer scans the QR code. Supports Fonepay QR, Nepal Pay QR Code, and MOCO QR with daily limit of NPR 3 Lakh.
• Garima Smart Teller Mobile banking service enabling cash withdrawals at bank branches without cheques or debit cards via code scanning.
• Garima Voice Box Intelligent soundbox solution for merchants providing real-time audio confirmations for QR payments via Fonepay and NepalPay in regional languages including English, Hindi, Newari, Bhojpuri, and Maithili at NPR 350 monthly rental.
• Garima Remit Remittance Service Web-based remittance service with real-time money transfers, 5000+ payout network across Nepal, and tie-ups with 25+ major remittance companies including eSewa, Prabhu, IME, Western Union, Himal, Sewa, and others.
• Safe Deposit Locker Secure storage facility for valuables available at 9 branches (Newroad, Suryabinayak, Kumaripati, Sabhagrihachowk, Buddhachowk, Bagar, Narayangarh, Dharan, Kirtipur) in small, medium, and large sizes with annual rent from NPR 2,000 to NPR 3,000.
• C-ASBA IPO Application Service Centralized Applications Supported by Blocked Amount system enabling IPO and FPO applications through bank accounts integrated with DEMAT accounts via CDSC.
• FOREX Services Foreign currency exchange services with rates for USD, EUR, GBP, CHF, AUD, CAD, SGD, JPY, CNY, SAR, QAR, THB, AED, MYR, KRW, SEK, DKK, HKD, KWD, BHD, OMR, and INR.
• Remittance Savings Account Savings account for families of overseas workers, facilitating remittance receipts from abroad at 4.75% interest rate.
• Financial Institutional Call Account Sweeping account for B-class development banks, C-class finance companies, and D-class microfinance institutions with interest based on daily balance and negotiated rates up to 1.37%.
• Online Account Opening Digital platform enabling eligible customers to open savings accounts online conveniently without visiting branches.

Quantifiable outcome

• 126 branches nationwide providing Access to All banking services
• +3 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature6 records

Partnerships

28 partnerships are on record, tiered minor and core.

• ACAN (Anti Corruption Authority Nepal)minorStrategic or Co-development Partner · 25 January 2026MOU with ACAN for compliance, transparency, and anti-corruption initiatives in banking operations.
• eSewa Money Transfer LtdcoreGTM or Marketing PartnerPartnership with eSewa Money Transfer for remittance payout services. Garima Remit platform enables customers to receive international remittances through eSewa's network across Nepal.
• Prabhu Money Transfer Pvt. Ltd.coreGTM or Marketing PartnerCollaboration with Prabhu Money Transfer for international remittance services, providing multiple payout channels for customers.
• IME Remit Ltd.coreGTM or Marketing PartnerPartnership with IME Remit for remittance services, leveraging IME's global network for Nepalese diaspora money transfers.
• Sunrise Bank LtdcoreGTM or Marketing PartnerCorrespondent banking and remittance partnership with Sunrise Bank for inter-bank fund transfers and remittance settlements.
• CG Finco Ltd. / WUMTminorGTM or Marketing PartnerPartnership for Western Union Money Transfer services enabling international remittance reception.
• Samsara Money Transfer Pvt. Ltd.minorGTM or Marketing PartnerRemittance partnership for providing money transfer options to customers from international locations.
• City Express Money Transfer Pvt. Ltd.minorGTM or Marketing PartnerRemittance partnership for money transfer services across Nepal.
• Easylink Remittance Pvt. Ltd.minorGTM or Marketing PartnerPartnership for international remittance payout services.
• Everest Bank Ltd.minorGTM or Marketing PartnerCorrespondent banking relationship for remittance and fund transfer services.
• GME (Best) Remit Pvt. Ltd.minorGTM or Marketing PartnerRemittance partnership for money transfer services.
• Himal Remit (CFS)minorGTM or Marketing PartnerPartnership for Himal Remit services for international remittances.
• JME Remit Company P. LtdminorGTM or Marketing PartnerRemittance partnership for international money transfer services.
• Lumbini Bikas Bank Ltd.minorGTM or Marketing PartnerBanking partnership for inter-bank transactions and remittance settlements.
• Sewa Remit Pvt. Ltd.minorGTM or Marketing PartnerRemittance partnership for money transfer services.
• Kumari Bank Ltd.minorGTM or Marketing PartnerBanking partnership for inter-bank fund transfers and remittance settlements.
• Sanima Bank Ltd.minorGTM or Marketing PartnerBanking partnership for fund transfer and remittance services.
• Muktinath Bikas Bank Ltd.minorGTM or Marketing PartnerBanking partnership for inter-bank transactions.
• Nepal Investment Bank Ltd.minorGTM or Marketing PartnerCorrespondent banking relationship for remittance settlements.
• Nepal Remit International Pvt. Ltd.minorGTM or Marketing PartnerRemittance partnership for international money transfers.
• Nic Asia Bank Ltd.minorGTM or Marketing PartnerBanking partnership for inter-bank fund transfers.
• Remit2Nepal P. LtdminorGTM or Marketing PartnerRemittance partnership for international money transfer services.
• IPay Reliable Remit Pvt. Ltd.minorGTM or Marketing PartnerRemittance partnership for digital money transfer services.
• FonepaycoreTechnology or IntegrationFonepay QR payment integration enabling Garima QR merchants to accept Fonepay payments at 1.7 million+ merchant locations across Nepal.
• Nepal PaycoreTechnology or IntegrationNepal Pay QR code integration for digital payments, enabling acceptance of payments through Nepal Pay network.
• MOCOcoreTechnology or IntegrationMOCO QR payment integration for digital payment acceptance, with MOCO app integration for Garima VISA Credit Card payments.
• Central Depository System and Clearing Limited (CDSC)coreTechnology or IntegrationC-ASBA system integration with CDSC for IPO application processing, enabling DEMAT account holders to apply for IPOs through their bank accounts.
• Connect IPScoreTechnology or IntegrationConnect IPS integration enabling interbank fund transfers and payment services through the national payment switch.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Kumari Bank: Nepalese commercial bank with a similar nationwide branch network, retail/SME loan book, and remittance partnerships. Direct competitor for retail deposits and SME lending.
• NIC Asia Bank: Nepalese commercial bank offering full retail and corporate banking, digital payments, and remittance services. Direct competitor for deposits, loans, and card products across the same 126-branch-plus national footprint.
• Muktinath Bikas Bank: National-level development bank in Nepal with a comparable branch footprint and focus on retail/SME/microfinance lending. Closest direct peer by charter type and target customer base.
• Sunrise Bank: Nepalese commercial bank offering retail, SME, and remittance services through a national branch network. Correspondent banking partner of Garima and a direct competitor for similar customer segments.
• Everest Bank: Nepalese commercial bank with nationwide presence, retail and SME lending, and correspondent banking relationships. Direct peer competing for similar deposits, loans, and remittance flows.
• Citizens Bank International: Nepalese commercial bank with national branch presence competing in retail deposits, SME loans, and digital banking. Direct peer across Garima's core product portfolio.
• Sanima Bank: Nepalese commercial bank with national branch presence, retail/SME lending focus, and digital banking services. Direct competitor in the same mid-tier commercial banking segment.
• Nepal Investment Bank: One of Nepal's larger commercial banks with national branch coverage, retail/SME products, and correspondent banking. Direct competitor for institutional and retail deposit gathering.
• Lumbini Bikas Bank: National-level Nepalese development bank providing retail, SME, and remittance services. Direct peer with the same development-bank charter and similar customer targeting.

Emerging players

• eSewa (F1Soft International): Nepal's leading digital wallet and payments platform and a remittance partner of Garima. Increasingly competes with Garima in payments, P2P transfers, and emerging embedded finance offerings, representing a structural competitive threat rather than a like-for-like bank.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/BankGarima

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles37 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Garima Bikas Bank