Janata Bank Nepal Limited

Janata Bank Nepal Limited[1] was a commercial bank in Nepal. The bank was an ‘A’ class commercial bank licensed by Nepal Rastra Bank[2] and had branches all across the nation with its head office in Kathmandu which provided a complete commercial banking service.

Janata Bank Nepal Limited
TypePublic
NEPSE: JBNL
IndustryBanking
Founded2010 (2010)
Defunct6 December 2019 (2019-12-06)
Headquarters
Naya Baneshwor, Kathmandu
,
Nepal
Area served
Nepal
Key people
Mr. Parshuram Kunwar Chhetri CEO
ProductsLoans, Credit cards, Savings, Investment, Merchant banking
Websitewww.janatabank.com.np

The bank's shares were publicly traded as an 'A' category company in the Nepal Stock Exchange.[3] The Bank has been merged with Global IME Bank Limited and since being operated with later name.

Correspondent Network

The bank had been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross border services. Through these correspondents the bank was able to provide services in any major currencies in the world.

Merger agreement

Janata Bank signed an agreement with Global IME Bank Limited on 20th Asar 2076 according to which the name of bank will remains the same but the core members will be changed.[4]

See also

References
  1. "Janata Bank Nepal Limited". Janatabank.com.np. Retrieved 25 March 2019.
  2. "Nepal Rastra Bank - Central Bank of Nepal". Nrb.org.np. Retrieved 25 March 2019.
  3. "Nepal Stock Exchange Ltd". Nepalstock.com. Archived from the original on 22 March 2016. Retrieved 25 March 2019.
  4. "Agreement between GIB and Janata Bank". globalimebank.com. Retrieved 24 February 2020.
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