History
King Tribhuvan inaugurated Nepal Bank Limited on Kartik 30,1994 Bikram Sambat.[clarification needed] This maarked the beginning of an era of formal banking in Nepal. Until then all monetary tractions were carried out by private dealers and trading center.
In that era, very few understood or had confidence in this new concept of formal banking. Rising equity shares were not easy and mobilization of deposits even more difficult. This was evident when the bank floated equity shares worth NRs. 2,500,000, but was successful only in raising NRs. 842,000.
