Sindhu Bikash Bank Ltd

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Sindhu Bikash Bank Ltd (NEPSE: SINDU) is a Class-B development bank licensed by Nepal Rastra Bank, providing retail and commercial banking services across the Sindhupalchok, Kavrepalanchok, Dolakha, Makwanpur, and Chitwan districts of central Nepal. The bank operates as a provincial-licensed institution offering savings and deposit accounts, fixed deposits, personal loans (professional, home, equipment financing, and term loans), business loans (agricultural, microfinance, women entrepreneur financing, and working capital), gold loans, money transfer and remittance services, and digital banking products including mobile banking, QR payments, and investment services. Sindhu Bikash Bank maintains a network of 22 branches and one limited banking outlet serving approximately 140,000 customers. The bank was founded in 2010 and is headquartered in Barhabise, Sindhupalchok, Nepal, with a corporate office in Banepa. The company was incorporated and commenced operations on September 9, 2010, and was listed on the Nepal Stock Exchange on September 8, 2013.

Key Facts

License Class

Class B Development Bank

Number of Branches

22 branches + 1 limited banking outlet

Operating Area

5 districts: Sindhupalchok, Kavrepalanchok, Dolakha, Makwanpur, Chitwan

Customer Base

Approximately 140,000 customers

NEPSE Listed Date

September 8, 2013

First Development Bank

First development bank opened in Sindhupalchok district