Nepal SBI BANK

What Nepal SBI BANK does

Nepal SBI Bank Limited is a Nepal-incorporated commercial bank established in 1993 as a joint venture between State Bank of India (SBI) — India's largest public sector bank and the parent/strategic shareholder — and Nepalese partners. Headquartered at Kamaladi, Kathmandu, the bank operates a full-service retail, corporate, SME, and digital banking franchise across all provinces of Nepal, with a Branchless Banking (BLB) agent network for rural financial inclusion and cross-border connectivity to 32,000+ SBI ATMs in India.

The bank's product portfolio spans deposit schemes (savings, recurring deposits, corporate salary packages), a diversified loan book (personal, education, education-plus, housing, hire purchase, agricultural loans including Bhu Puu and NSBL Krishak Sathi Karja, SME and MSME loans such as NSBL Saral Karja, share loans, and the NSBL Festival Bonanza), and a digital stack built on internet banking, the YONO Nepal SBI mobile application, ATM network, NSBL Payment Gateway, and SWIFT/correspondent banking for international remittance. Card products include embossed Visa/Mastercard domestic debit cards, the NSBL Insta Card, and the USD-denominated Vishwa Yatra Card for international travel. The bank also operates the Indian Visa Service Center (IVSC) adjacent to the Embassy of India in Kathmandu and integrates utility services such as IRCTC ticket booking.

The revenue model is a classic spread-plus-fee commercial bank structure: net interest income from the lending–deposit book plus transaction-based fee and commission income from ATM/debit card issuance and usage, remittance, payment gateway, and correspondent banking charges. Distribution is hybrid — physical branches and BLB agents plus self-serve digital channels — and customer segments span individual retail customers, corporate/SME/MSME borrowers, agricultural borrowers, and remittance senders/receivers. Institutional partnerships with Life Insurance Corporation (Nepal) Limited and Indian-curriculum schools create fee-collection foot traffic, while SBI's brand and correspondent network underpin the bank's structural India-Nepal corridor positioning.

Name

Nepal SBI BANK

Legal name

Nepal SBI Bank Limited

Website

https://nsbl.statebank

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Nepal SBI Bank Limited is a Kathmandu-based commercial bank, subsidiary of India's State Bank of India, serving retail, corporate, SME, agricultural, and remittance customers in Nepal with deposits, loans, debit cards, and digital banking across branches, BLB agents, and the YONO mobile platform.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Commercial banking services
• Retail deposit products
• Consumer lending
• Cross-border remittance
• SME and agricultural finance

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Interest earned on various loan products including personal loans, education loans, housing loans, hire purchase loans, SME loans, and corporate loans. The bank offers both secured and unsecured lending products.
2. Fee and Commission Income: Service charges on ATM transactions, debit card issuance and maintenance, internet banking services, remittance fees, and other banking service charges. Schedule of Service Charges & Fees is publicly available.
3. Remittance Services: Fees from domestic and international remittance services including fund transfers to India, correspondent banking arrangements, and SWIFT transfers.
4. Deposit Account Services: Interest paid to depositors on savings accounts, recurring deposits, and term deposits, with the spread between lending and deposit rates generating revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Nepal SBI Bank operates as a commercial bank offering a full suite of retail and corporate banking services, including deposit products (savings, recurring, and corporate salary accounts), a diverse loan portfolio (personal, education, housing, hire purchase, agricultural, SME, and MSME loans), and digital banking through YONO Nepal SBI mobile app and Internet Banking. The bank also provides debit cards (domestic Visa/Mastercard, NSBL Insta Card, and Vishwa Yatra international USD card), domestic and international remittance services via SWIFT and correspondent banking, and ancillary services such as bank guarantees, safe deposit lockers, D-Mat accounts, payment gateway services, fees and premium collection, and Indian visa services through its IVSC counter.

Product overview

Nepal SBI Bank operates as a subsidiary of State Bank of India (SBI), offering a comprehensive suite of banking products and services through multiple channels. The bank's portfolio includes deposit products (savings accounts, recurring deposits, and corporate salary packages), diverse loan offerings (personal loans, education loans, housing loans, agricultural loans including Bhu Puu and Krishak Sathi Karja, SME loans, and MSME financing), and digital banking services via Internet Banking and YONO Nepal SBI mobile application. The bank provides debit card services including Visa/Mastercard domestic cards, NSBL Insta Card for instant issuance, and the Vishwa Yatra Card for international travel. Remittance services encompass transfers from India, SWIFT international transfers, and domestic money transfers through correspondent banking relationships. Additional services include Bank Guarantee, Safe Deposit Lockers, D-Mat account opening, Payment Gateway services, Currency Converter, and a fees and premia collection service for insurance and educational institutions. The bank also offers IRCTC ticket booking through its e-banking platform and operates an Indian Visa Service Center (IVSC) at its premises.

Differentiator

Problem solved

Functional benefit

Brands

• YONO Nepal SBI: Mobile banking application offered by Nepal SBI Bank for digital banking services
• NSBL Vishwa Yatra Card
• NSBL Digital Village

Products and services

• NSBL Recurring Deposit Recurring deposit scheme allowing customers to deposit fixed amounts at regular intervals with competitive interest rates.
• NSBL Corporate Salary Package Salary account package designed for corporate employees with specialized banking services and benefits.
• Education Loan Loan product for financing higher education expenses.
• Education Loan Plus Enhanced education loan product for advanced or specialized educational needs.
• Housing Loan Loan product for purchasing or constructing residential property.
• Personal Loan Unsecured personal loan for individual financial needs.
• Hire Purchase Loan Loan product for purchasing vehicles or equipment through hire purchase arrangement.
• Bhu Puu Loan Agricultural loan product supporting farming activities.
• Bhu Puu Plus Loan Enhanced agricultural loan product with additional benefits for farmers.
• NSBL Krishak Sathi Karja Farmer-friendly agricultural loan product under the Krishak Sathi program.
• NSBL Share Loan Loan product for purchasing shares and securities.
• SME Loan Small and Medium Enterprise loan product for business financing.
• NSBL Saral Karja for MSME Simplified loan product specifically designed for Micro, Small and Medium Enterprises (MSME).
• NSBL Festival Bonanza Special loan product offered during festival seasons with attractive terms.
• YONO Nepal SBI Mobile Banking App Mobile banking application enabling customers to access banking services, apply for debit cards, and perform transactions on mobile devices.
• Internet Banking Online banking platform enabling customers to access accounts, transfer funds, and perform banking transactions via the web with 128-bit SSL encryption.
• NSBL Payment Gateway Payment gateway service for processing online transactions for merchants and customers.
• Remittance Services International and domestic money transfer services including remittance from India, fund transfers to India, SWIFT transfers, and correspondent banking arrangements.
• Vishwa Yatra Card USD Visa international debit card for foreign travel, accepted at ATMs and merchants worldwide.
• NSBL Insta Card Instant issuance debit card valid in Nepal and India, without the cardholder's name printed on it.
• NSBL Visa/Mastercard Debit Card Standard Visa/Mastercard debit card with cardholder's name, valid in Nepal and India for ATM withdrawals, POS transactions, and e-commerce payments.
• Bank Guarantee Bank guarantee service for business and commercial requirements.
• Safe Deposit Locker Secure storage facility for valuable items and documents.
• D-Mat Account Opening Dematerialized share account opening service for securities investment.
• Fees and Premia Collection Service allowing customers to pay insurance premiums and school/college fees at bank branches free of charge, in partnership with Life Insurance Corporation (Nepal) Limited and partner schools.
• IRCTC Ticket Booking Facility to book Indian Railway tickets through the e-banking platform for travel to India.
• Corporate and Business Loans Corporate lending products including working capital loans and trade finance for medium and large enterprises.

Quantifiable outcome

• Access to over 32,000 ATMs in India through SBI network
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Nepal Olympic CommitteeminorGTM or Marketing Partner · 1 January 2010Nepal SBI Bank partially sponsored the Olympic Day celebrations organized by Nepal Olympic Committee in Dharan and Bhairahawa in 2010 and 2011 respectively, as part of the bank's CSR and community engagement initiatives.
• Correspondent BankscoreTechnology or IntegrationCorrespondent banking arrangements enable international wire transfers through SWIFT network and facilitate cross-border transactions between Nepal and India. These partnerships enable remittance services and trade finance operations.
• Embassy of India, KathmanducoreStrategic or Co-development PartnerNepal SBI Bank operates the Indian Visa Service Center (IVSC) at Kapurdhara Marg, Lainchaur, Kathmandu, adjacent to the Embassy of India. The bank processes visa applications and provides related services for Indian visa applicants in Nepal.
• UNFPA NepalminorStrategic or Co-development PartnerNepal SBI Bank partnered with UNFPA Nepal to organize a walkathon program in Kathmandu. Following the event, a blood donation program was conducted along with exhibitions of various NGOs working in the field of social awareness with special focus on women and youth.
• Life Insurance Corporation (Nepal) LimitedminorGTM or Marketing PartnerPartnership for insurance premium collection services. Bank customers can pay their insurance premiums at bank branches free of charge, providing convenience and driving customer footfall.
• St. Xavier's School, JawalakhelminorGTM or Marketing PartnerPartnership for school fee collection services. Bank collects school fees from students and families at branches free of charge.
• Kendriya Vidhyalaya, LazimpatminorGTM or Marketing PartnerPartnership for school fee collection services at bank branches.
• Delhi Public School, DharanminorGTM or Marketing PartnerPartnership for school fee collection services at bank branches.
• Global Money Exchange - Gulf RemitminorChannel Partner/ Reseller/ DistributorPartnership for international remittance services through Global Money Exchange - Gulf Remit, enabling Nepalese workers abroad to send money home.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Citizens Bank International: Nepali commercial bank providing retail, corporate, and digital banking services — directly comparable to NSBL in customer segments and distribution approach.
• Himalayan Bank: Nepali commercial bank with cross-border banking heritage (Habib Bank Limited partnership) — a direct peer to NSBL as a foreign-affiliated, full-service Nepali bank with remittance capabilities.
• NIC Asia Bank: Major Nepali commercial bank with a comparable retail, SME, and digital banking franchise; competes directly with NSBL on deposits, MSME lending, and remittance products within Nepal.
• Nepal Investment Mega Bank: Recently merged large Nepali commercial bank formed from Nepal Investment Bank and Mega Bank — competes head-to-head with NSBL across deposit, loan, and remittance products in Nepal.
• Nabil Bank: One of Nepal's largest private commercial banks offering retail, corporate, SME, and digital banking with an extensive branch and ATM network — a direct, full-service competitor to NSBL in the same domestic market.
• Everest Bank: Nepal commercial bank with Indian-origin JV heritage (Punjab National Bank) — directly comparable to NSBL as a foreign-affiliated bank with India-corridor remittance expertise and similar retail/SME focus.
• Kumari Bank: Mid-sized Nepali commercial bank offering retail, SME, and corporate banking products — a direct competitor within the same domestic market as NSBL.
• NMB Bank Nepal: Nepal-focused commercial bank serving retail, SME, and corporate clients with strong digital initiatives — closely comparable to NSBL in customer segment and product mix.
• Laxmi Sunrise Bank: Merged Nepali commercial bank (Laxmi Bank + Sunrise Bank) with comprehensive retail, SME, and corporate offerings — a direct peer competing with NSBL for the same customer base.

Broad incumbents

• State Bank of India: Parent institution and India's largest public sector bank; comparable as the source of NSBL's brand, technology platform (YONO), and correspondent banking relationship — a broad incumbent anchoring the same banking category at a vastly larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NepalSBIBank
• LinkedInlinkedin.com/company/nepal-sbi-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Nepal SBI BANK