Nepal Bank Limited: 4 phases in the history of Nepal’s first bank

Today, banks and financial institutions have reached every nook and corner of the country. The banking system has become so easy that there is no need to go to a bank for any kind of financial transaction as the online banking business is booming.

But, this was not a scenario some eight and a half decades ago. Earlier, merchants used to provide loans and trade in investments. People used bags and boxes to save money. A few rich people used to run money-changing services in city areas for transactions like currency exchange.