Deva Development Bank logo

Deva Bikas Bank Ltd.

Now Merged with Kumari Bank Ltd

Overview

Deva Bikas Bank Limited, B class financial institution licensed by Nepal Rastra Bank, emerged after a successful merger between NDEP Development Bank Limited and Rising Development Bank in 2015 and started its joint operation from 10th July 2015. NDEP Development Bank Limited, promoted by a consortium of prominent bureaucrats, renowned personalities from the business sector, Employees Provident Fund (Karmachari Sanchaya Kosh), individuals and companies with local roots but from different walks of life with a vision and dedication to provide the best financial products and services in the most efficient and professional manner started its banking operations from the year 2006 as a national level development bank under the Banks and Financial Institutions Act 2063. Another partner to the merger, Rising Development Bank, promoted by a consortium of prominent bureaucrats, renowned personalities from the business sector from Chitwan, Nawalparashi and other districts, started it operation since 2006 as a regional level development bank. Deva Bikas Bank Limited acquired Sajha Bikas Bank, Union Finance and Western Development Bank. The bank has a paid-up capital of 3,17,71,00,927.46  rupees, 69 branches offices & Service Centers and 11 ATMs spread all across the country. It takes pride in having its own building for its Head and Corporate Office in Lal Durbar Marg, Kathmandu.