'सुदूर पश्चिमको आर्थिक विकासको सहयात्री'

News & Updates
Welcome to Kanchan Development Bank

Kanchan Development Bank Ltd. has been established for the delivery of comprehensive banking services to the esteemed customers by the collective efforts of entrepreneurs from tourism sector, professors, professional bankers, pioneer of cooperative movement, doctors, engineers, advocates and other professionals with excellent track record and high social profile. Kanchan Development Bank Ltd. is a public limited Development Bank. It is managed by a group of well experienced and professional managers having excellent leadership quality. We are fully committed to glorify our corporate slogan “Sudurpaschim ko Arthik Bikas ko Sahayatri”. Kanchan Development Bank Ltd. was established on 2066/04/09 with head office at Bhimdutta Nagar Palika Mahendranagar, Kanchanpur as a public limited company with limited liability on shares under Company Act 2063 with Regd.No.:1159/066/067. The company received approval from the NRB for commencement of banking operation on o1/06/2066 and operation started on 03/06/2066. The working area for the bank at the initial stage is in three district Kailali, Kanchanpur & Dadeldhura.

The Bank has opened 5 branch offices and one extension counter in the region. Attariya Branch, Jhalari Branch, Dhangadi Branch, Punarbas and Dadeldhura Branch, & one extension counter at IBRD are in operation. KDBL'S efforts will be focused to reach to unattended and unaware savers of the remote area of the region by advising them to get maximum benefits of their resources from the competitive financial market and to encourage potential investors and experts to invest into the productive and employment generating sectors by providing them financial support for implementing new business ideas and techniques. We are in the process of opening more branches in the coming fiscal year and are contemplating to start Mobile Banking and utility payment in near future .Capital structure of the Bank is authorized Capital: NPR. 200 Million Issued and paid up Capital: NPR. 132 Million, out of which 30 % is allocated to generalpublic.