The bank can be
classified into following type
1)
Commercial Bank
The commercial bank is the oldest type of bank. In general, the term is
used to mean a commercial bank. The main objective of this bank is to earn
profit. This types of bank was initially established to provide short-term
loans to the traders. Hence, this bank is called commercial bank. Nepal bank
ltd is Nepal first commercial bank. Now there are 32 commercial banks in Nepal.
2)
Central Bank
A central bank is established in every
country. This bank is established under complete government ownership.
The main function of its to issues
notes and coins. Nepal Rastra Bank established in 1956 is the central bank of
Nepal. The main function functions of a central bank is to issues notes and
coins.
3)
Agriculture bank
The bank established for the
development and modernization of agriculture sector is called agricultural
bank. Since, it is established as specialised institution for the development
of agriculture, it is also known as development bank.
4)
Development Bank
Banks established for the development
of agriculture, industry, tourism, and mining are known as development banks.
In Nepal separate development banks have been established in the private sector
since 1998.
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