Banking Exam Question - The First ATM Launched in Nepal By Which of The Following Bank?

Introduction - History of Banks in Nepal

The principal business bank in Nepal, Nepal Bank Ltd (NBL), was built up in the year 1994 B.S. This is a noteworthy turning point in the historical backdrop of Nepal as the nation went into official money related framework. After the nineteen year of foundation of NBL, the Nepal Rastra Bank (NRB) was built up in the year 2013 B.S. 

Rastriya Banijya and Agricultural Development Bank ltd. were set up in the year 2022 and 2024 B.S. separately. 47 years after the main bank was set up in Nepal, the primary exclusive business bank, Nabil Bank ltd., was built up in the year 2041 BS. 

Seven more business banks were included 10 years after 2041 B.S. Just four business banks were set up from the time of 2051 B.S. to 2063 B.S. There are for the most part two explanations behind it. In this era the nation saw the drowsy monetary development because of the maoist insurrection. The second reason being the hesitance on issuing permit by the administrative body, the NRB.

Answer: Right Answer is Option (A) Himalayan Bank Launched ATM first time in Nepal in 1995 AD.