Kanchan Development Bank Limited 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 Limited 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 Limited was established on 2066/04/09 with head office at Bhimdutta Nagarpalika-04 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 2066/06/01 and operation started on 2066/06/03. The working area for the bank at the initial stage is in three districts Kailali, Kanchanpur & Dadeldhura and two more district Doti & Baitadi branch expansion in soon.
The Bank has opened 15 branch offices and 2 extension counter in the province. Main Branch Mahendranagar, Attariya, Jhalari, Dhangadi, Punarbas, Dadeldhura, Daiji, Beldadi, Belauri, Sukhad, Bauniya, Lamki, Tikapur, Gulariya, Phulbari and two extension counter at IBRD & Tikapur Multiple Campus premises are in operation. KDBL'S efforts will be focused to reach to unattended and unaware savers of the remote area of the province 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 utility payment in near future. Capital structure of the Bank is authorized Capital: NPR. 600 Million Issued and paid up Capital: NPR. 531.30 Million, out of which 49 % is allocated to general public.