Karnali Development Bank
in Nepal 🇳🇵
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About Karnali Development Bank in Nepal
Karnali Development Bank is a Class 'B' development bank in Nepal that was established to provide banking services to the Mid and Far Western regions of the country. The bank was founded with a focus on extending financial access to rural and urban developing sectors, particularly in agriculture, trade, and industry.
As of December 2024, the Nepal Rastra Bank (NRB) declared Karnali Development Bank as a troubled institution and assumed direct management control due to serious financial difficulties, including a non-performing loan ratio of 40.85% and failure to maintain minimum capital adequacy requirements.