Jyoti Bikash Bank

What Jyoti Bikash Bank does

Jyoti Bikash Bank Limited is a national-level development bank headquartered in Kathmandu, Nepal, operating under a Category 'Kha' commercial banking license from Nepal Rastra Bank. Founded on 9th Shrawan 2065 (approximately July 2008) with initial paid-up capital of NPR 259 million and originally focused on hydropower-sector lending, the bank has since expanded through organic growth and three consolidation transactions — merger with Jhimruk Bikas Bank Limited (FY 2073/74) and acquisitions of Raptiveri Bikas Bank Limited (FY 2074/75) and Hamro Bikas Bank Limited (FY 2075/76). As of FY 2082/83 Q3, it operates 117 branches and 3 extension counters across all seven provinces of Nepal, supported by a 75-ATM network, 920 staff, and 119 foreign-currency-transacting branches, serving 999,049 accounts with a deposit base of NPR 65.2 billion and a loan portfolio of NPR 50.6 billion under NFRS. Paid-up capital has scaled to NPR 4.26 billion.

Name

Jyoti Bikash Bank

Legal name

Jyoti Bikash Bank Limited

Website

https://jbbl.com.np

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Jyoti Bikash Bank is a Nepalese national-level development bank headquartered in Kathmandu, operating 117 branches across all seven provinces. It serves nearly 1 million retail, MSME, agricultural, and diaspora customers through deposits, loans, and digital banking.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

Keywords

• Commercial banking services
• Retail deposit accounts
• MSME lending
• Mobile banking platform
• Foreign exchange services

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including MSME loans, home loans, auto loans, agriculture loans, real estate loans, working capital loans, and mortgage loans. Competitive interest rates ranging from 1.00% to 5.00% based on loan type and risk profile.
2. Fee-based Income: Comprehensive fee income from ATM charges, mobile banking fees, internet banking fees, locker services, bank guarantee commissions, credit card annual fees, prepaid card fees, C-ASBA charges, and various transaction fees including clearing, IPS, and RTGS charges.
3. Deposit Interest Payments: Interest expense on customer deposits including savings accounts, fixed deposits, and recurring deposits. Deposit base of NPR 65,221,415,544 as of FY 2082/83 Q3.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

Jyoti Bikash Bank Limited operates a national-level development bank offering commercial banking products through 117 branches across all seven provinces of Nepal. Its portfolio spans retail and SME deposit accounts (savings, current, fixed deposits), a diversified loan book (MSME, agriculture, real estate, home, auto, mortgage, personal, working capital), digital banking (Jyoti Smart mobile app, internet banking, video KYC, cardless ATM withdrawal, Koili QR audio device), foreign exchange, DEMAT/capital market services, prepaid dollar cards, lockers, and bank guarantees. The bank serves nearly 999,049 accounts with a deposit base of NPR 65.22 billion and a loan portfolio of NPR 50.67 billion.

Product overview

Jyoti Bikash Bank operates as a national-level development bank with category 'Kha' license from Nepal Rastra Bank, offering a comprehensive banking platform with 117 branches across Nepal. The product portfolio centers on core deposit products (savings, current, and fixed deposit accounts), diverse loan offerings (MSME, agricultural, real estate, home, auto, and personal loans), and an expanding digital banking ecosystem. The digital suite includes Jyoti Smart mobile banking, Koili QR audio device, cardless cash withdrawal, and DEMAT services for capital market access. The bank provides specialized sub-brands including Nari Samman Bachat Khata for women, Jyoti Bal Bachat Khata for children, Jyoti Remittance Khata for overseas Nepalese, and Jyoti Premium Savings for high-net-worth customers. Additional services encompass prepaid dollar cards, POS services, lockers, bank guarantees, and Connect IPS payment integration.

Differentiator

Problem solved

Functional benefit

Brands

• Jyoti Smart: Mobile banking application for digital banking services
• Koili
• Jyoti SME Loan
• Super Smart Saving Account
• Nari Samman Bachat Khata
• Jyoti Premium Savings
• Jyoti Bal Bachat Khata
• Jyoti Remittance Khata
• Jyoti Ghar Karja
• Jyoti Auto Loan

Products and services

• Jyoti Smart Mobile Banking Official mobile banking application for account management, fund transfers, utility payments, and mobile top-up. Available on iOS and Android platforms. Built on F1Soft mobile banking core infrastructure and supports cardless cash withdrawal, QR payments, and merchant offers for individual and SME customers.
• Nari Samman Bachat Khata Women's savings account empowering women with tailored banking services. Features minimum balance NPR 1,000 and 2.80% interest rate, includes free lifetime Visa debit card, monthly interest payments, 50% off locker fees, and welcome bonus of NPR 100 mobile balance. Targeted at women customers seeking financial autonomy.
• Super Smart Savings Account Flagship retail savings account with minimum balance NPR 15 and 2.75% interest rate, designed for mass-market accessibility with low entry threshold. Includes free mobile and internet banking registration options and benefits tailored for everyday banking.
• Jyoti Premium Savings Account Premium savings account offering exclusive services with free mobile banking, Visa debit card, and 0.1% premium on FCY exchange. Targeted at high-net-worth individual customers seeking distinguished banking relationships.
• Jyoti Bal Bachat Khata Children's savings account for minors under 18 years with minimum balance NPR 100 and 2.75% interest rate. Includes free first-year mobile banking and Visa debit card and auto-converts to adult savings on reaching 18 years. Targeted at parents building long-term financial foundations for children.
• Jyoti Remittance Khata Remittance savings account for Nepalese individuals working abroad, enabling easy account opening via video banking and access to Nepalese IPOs through linked DEMAT account. Targeted at diaspora customers receiving international remittances and seeking capital market participation.
• Jyoti Salary Savings Account Salary savings account for employees of various organizations with no minimum balance requirement, free cheque book, and Connect IPS access. Targeted at salaried individual customers receiving wages through the bank.
• Jyoti Smart Savings Account Combined savings, DEMAT, and Meroshare account enabling customers to save and transact in Nepal's capital market. Targeted at retail investors seeking integrated banking and capital market access.
• Jyoti Jestha Nagrik Khata Senior citizen savings account with minimum balance NPR 500, tailored for the needs of elderly customers with no minimum balance restrictions and free services.
• Jyoti Bumper Saving Account Mass-market savings product designed for all customer types to develop savings habits with minimal initial deposit of NPR 1. Targeted at first-time savers across Nepal.
• Current Account Business current account offering seamless connectivity through Connect IPS, Corporate Pay, and Mobile Banking with QR facility for swift transactions. Targeted at business and SME customers.
• Fixed Deposit Fixed deposit account with interest rates ranging from 2.75% to 4.66% based on tenure, with quarterly interest payment options. Tenures span 3 months to 5 years and above, with online FD opening available.
• MSME Loan Financing for Micro, Small, and Medium Enterprises including overdraft (up to 70% of working capital) and term loans (up to 80% of project cost). Loan amounts range from NPR 300,000 to NPR 10,000,000 with tailored interest rates. Targeted at MSME proprietorships, partnerships, and companies.
• Real Estate Loan Specialized financing for land acquisition and development activities with minimum loan of NPR 1 Million and tenure up to 15 years for term loans. Targeted at real estate developers and SME business operators.
• Agriculture Loan Loans for rural and semi-urban farmers supporting farming activities, land development, and agricultural equipment, aligned with Nepal Rastra Bank subsidy provisions. Targeted at the agriculture sector.
• HP Commercial (Hire Purchase Loan) Hire purchase commercial loan for business equipment and asset financing, enabling SMEs to acquire productive assets through structured repayment.
• Jyoti Ghar Karja (Home Loan) Home financing loan enabling customers to purchase or construct homes with flexible repayment options and interest rates ranging from 1.00% to 5.00%. Targeted at individual retail customers.
• Jyoti Auto Loan Auto financing loan for vehicle purchases with competitive interest rates from 1.00% to 5.00%. Targeted at individual retail customers seeking vehicle ownership.
• Mortgage Loan Loan for individuals with stable monthly income, secured against property assets. Targeted at retail customers seeking property-secured credit.
• Personal Loan Versatile personal loan meeting diverse individual financial needs. Targeted at retail customers for discretionary and consumption financing.
• Vehicle Loan Loan for vehicle ownership in Nepal, serving both personal and commercial vehicle needs. Targeted at retail and SME customers.
• Working Capital Loan Flexible financing for business working capital requirements with revolving facility options. Targeted at SMEs and corporate customers managing day-to-day operations.
• Loan Against Securities Loan facility against investments in shares, mutual funds, and debentures. Targeted at retail and business customers seeking to leverage investment portfolios for liquidity.
• Business/Cooperative/Consortium Loan Large-scale business financing including consortium loans for major corporate requirements. Targeted at medium and large enterprises.
• Koili (QR Audio Alert Device) Innovative audio QR alert device providing instant voice confirmation of successful QR payments in local Nepali languages, enhancing transaction security and accessibility for merchants accepting customer QR payments.
• Jyoti Prepaid Dollar Card Prepaid dollar card enabling online shopping and international transactions with annual spending limit of USD 500. Issuance fee Rs. 500, tiered cash load charges and Rs. 350 unload fee. Targeted at retail customers seeking USD-denominated digital payment cards.
• Lockers Secure safe deposit locker services available at 35 branches across Nepal, with sizes ranging from small (below 10,400 cubic cm) to extra large (above 28,000 cubic cm). Rental from NPR 2,500 small to high for larger sizes with refundable security deposits.
• Bank Guarantee Written guarantee services including Bid Bond, Performance Bond, Advance Payment Guarantee, and Counter Guarantee for business contracting and tendering needs. Targeted at business and corporate customers.
• Merchant QR QR code payment acceptance service for merchants enabling customer payments via mobile banking. Targeted at retail merchants across Nepal.
• Forex Services Foreign currency exchange services available at 119 branches dealing in USD, GBP, AUD, CAD, CHF, EUR, and other major currencies, with rates published daily on the corporate website. Targeted at retail customers, businesses, and diaspora.
• DEMAT Services Dematerialized account services including ASBA, Meroshare access, BO account management, and CRN registration for Nepalese capital market transactions, with charges aligned to CDSC Standard Tariff. Targeted at retail investors seeking capital market access.
• POS Service Point of Sale terminal services for merchant payment acceptance across Nepal, supporting card-present retail transactions.

Quantifiable outcome

• Deposit base of NPR 65.2 billion serving nearly 1 million customers across 117 branches
• +2 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor.

• Enable NepalminorStrategic or Co-development PartnerCSR partnership for providing 3D printed prosthetic hands to children, supporting physical rehabilitation and empowerment of children with limb differences in Nepal.
• National Innovation CenterminorStrategic or Co-development PartnerCSR partnership for supporting innovation initiatives in Nepal, contributing to the bank's development-focused mission and community advancement programs.
• Various Healthcare InstitutionsminorOthersCSR partnerships with hospitals across Nepal for baby warmer distribution, including hospitals in Koshi Province, Sudurpaschim Province, and other regions for neonatal care support.
• Educational InstitutionsminorOthersCSR partnerships with schools for desk and bench donations, computer sets, and educational support across various districts in Nepal.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Sanima Bank: National-level commercial bank with similar nationwide footprint, MSME and retail loan focus, and digital banking platform — directly comparable scale and product mix to JBBL.
• Nabil Bank: One of Nepal's largest private commercial banks offering deposits, MSME and corporate lending, and digital banking across a wide branch network — directly comparable in product mix and customer segments to JBBL.
• Citizens Bank International: Nepali commercial bank offering savings, MSME, agriculture and digital banking with a multi-province branch network — directly comparable to JBBL's operating model.
• Himalayan Bank: Listed Nepali commercial bank offering deposits, retail/MSME/corporate loans, and digital services — directly comparable in nationwide branch strategy and target customer segments.
• NIC Asia Bank: Private commercial bank offering full-service retail, MSME, and corporate banking plus digital channels — closely comparable in scale, segment focus, and product breadth to JBBL.
• NMB Bank Nepal: National-level commercial bank with nationwide branch presence, MSME and agricultural lending focus, and digital banking platform — a direct competitor in JBBL's core segments.
• Laxmi Bank: Private commercial bank with nationwide branches, retail and SME lending, and digital banking services — comparable in segment focus and geographic reach to JBBL.
• Siddhartha Bank: Listed Nepali commercial bank offering retail, SME, and corporate banking with digital channels — directly comparable scale, footprint, and product portfolio to JBBL.
• Machhapuchchhre Bank: National-level commercial bank with deposit, MSME, and corporate banking offerings across multiple Nepali provinces — directly comparable in customer segments and product breadth.
• Nepal Investment Mega Bank Limited (NIMB): National-level commercial bank formed via merger with comparable deposit, loan, and digital banking products, competing head-to-head with JBBL across retail, SME, and corporate customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/JyotiBikashBank
• Facebookfacebook.com/JyotiBikashBankLimited
• LinkedInlinkedin.com/company/jyotibikashbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles26 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 Jyoti Bikash Bank