Nepal SBI Bank Ltd. (NSBL), a subsidiary of the State Bank of India (SBI), was established in July 1993 and is recognized as a prominent A Class Bank in Nepal. SBI holds majority ownership stake of 55%, with Employees Provident Fund (Karmachari Sanchaya Kosh) holding 15% and the remaining 30% of shares being owned by the General Public of Nepal. In terms of the Technical Services Agreement between SBI and the NSBL, the former provides management support to the bank through its expatriate officers including Managing Director who is also the CEO of the Bank. Central Management Committee (CENMAC), consisting of the Managing Director & CEO, Dy. CEO & Chief Operating Officer, Chief Financial Officer and two Vertical Heads as decided by Managing Director of the Bank, exercises overall control functions with the help of controlling offices, and oversee the overall operations of the Bank.
NSBL has a strong presence in Nepal, boasting 151 outlets across 53 districts. This network includes 101 full-fledged Branches, 22 Extension Counters, 7 Province Offices and 20 Branchless Banking Outlets, along with a Corporate Office with a dedicated and skilled workforce of 892 members as of the end of Ashwin,2082. NSBL caters around 1.30 million contented customers across the country offering the convenience of our ATM network spread over 125 locations and a versatile range of Banking options through various channels such as YONO Nepal SBI-Mobile Banking Application and Internet Banking. Renowned for our forward-thinking approach, NSBL is recognized for pioneering new initiatives and integrating cutting-edge technology within the Nepalese Banking sector. As of 32nd Ashad, 2082, the Bank's financial position reflects a strong and expanding footprint, with total deposits of Rs. 199.60 billion and total advances (including staff loans) of Rs. 145.99 billion. The Bank also has an investment portfolio of Rs. 54.86 billion, which includes investment in its subsidiary.
NSBL proudly holds the distinction of being the first corporate in Nepal to receive a rating of "AAA" by CARE Ratings Nepal Ltd. This esteemed rating underscores the highest degree of safety regarding timely servicing of financial obligations and carries the lowest risk. 
Our parent company, State Bank of India (SBI), stands as a Fortune 500 company and a notable Indian multinational, operating within the public sector in the Banking and financial services domain. Headquartered in Mumbai, India, SBI has consistently prioritized serving the needs of the common individual. The foundation of SBI's operations lies in providing an extensive range of distinctive products and services, all managed and delivered by harnessing the power of technology.
Being an integral part of the State Bank Group, corporate clients of NSBL benefit from access to an expansive network encompassing over 22,800 SBI branches across India and 241 offices spread across 29 countries. This expansive reach is driven by an unwavering commitment to innovation and customer-centric values deeply ingrained in the Bank's core principles, which revolve around Service, Transparency, Ethics, Politeness and Sustainability (STEPS).
NSBL also has a wholly owned subsidiary Nepal SBI Merchant Banking Ltd. (NSMBL) established in 2016 with a vision to be the trusted Merchant Banking and Capital Market service provider in Nepal. NSMBL specializes in a range of services, including issue and sales management, portfolio management, registrar to shares, underwriting, financial advisory and D-Mat services, aligning with its vision to offer comprehensive solutions in the merchant Banking and capital market domains.
Continuously adapting to evolving trends, NSBL is reshaping the landscape of Banking in Nepal by striving to deliver ethical and sustainable Banking solutions to consumers across diverse market segments, both through digital platforms and traditional approaches. NSBL's objective is to provide exceptional services to its clients at competitive rates. To achieve this, the Bank consistently integrates new technologies and maintains a proactive approach in updating its ongoing technical initiatives. Celebrating 32 years of operation, NSBL reaffirms its dedication to making significant contributions to society and furthering the development of the nation.