Prabhu Bank in Nepal Information and Details

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Prabhu Bank in Nepal is a popular choice for banking services. It was established in 1996, making it one of the oldest private sector banks in the country.

Prabhu Bank has a strong presence in Nepal, with over 100 branches across the nation. This widespread network allows customers to easily access their banking services.

The bank offers a wide range of financial services, including savings accounts, fixed deposits, and loans. Its experienced and skilled staff provide personalized service to meet the diverse needs of customers.

Prabhu Bank's commitment to technology has enabled it to provide modern banking facilities to its customers. This includes online banking, mobile banking, and ATMs, making banking more convenient and accessible.

A unique perspective: Banks and Banking Services

Prabhu Bank Issues

Prabhu Bank has faced several issues in the past, including a controversy surrounding its acquisition by Nabil Bank in 2012.

In 2012, Prabhu Bank was acquired by Nabil Bank, resulting in the loss of jobs for many employees.

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The acquisition was a significant blow to Prabhu Bank's employees, who had to navigate a challenging transition period.

Prabhu Bank's acquisition by Nabil Bank also had a negative impact on the bank's customers, who had to adapt to new banking systems and processes.

The acquisition was a major setback for Prabhu Bank, which had been a prominent player in the Nepalese banking sector.

Prabhu Bank's issues with its acquisition by Nabil Bank highlight the challenges that can arise when banks merge or acquire other institutions.

The bank's struggles during this period also demonstrate the importance of effective communication and management during times of change.

Prabhu Bank Information

Prabhu Bank is a popular financial institution in Nepal. It was established in 1996.

Prabhu Bank has a wide network of branches across the country. As of 2022, it has over 100 branches.

Prabhu Bank offers a range of financial services including savings and current accounts, fixed deposits, and loans.

Infrastructure / Facilities

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Prabhu Bank offers a wide range of infrastructure and facilities to its customers. This includes ATM services, which allow customers to withdraw cash and check their account balances at any time.

You can also apply for an education loan or an auto loan to finance your educational or transportation needs. Prabhu Bank has a variety of loan options available.

In addition to loan services, Prabhu Bank provides ATM cards and credit cards for customers to make purchases and pay bills. Cheque services are also available for customers who prefer to make payments by cheque.

M Banking and eBanking services allow customers to manage their accounts online or through their mobile devices. Cash deposit services are also available for customers who want to deposit cash into their accounts.

Prabhu Bank also offers remittance services for customers who want to send money to other countries. Home loan services are available for customers who want to purchase or build a home.

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Customers can also rent a locker to store their valuable items safely. SME loan and business loan services are available for small and medium-sized enterprises.

Bancassurance services are also available, which allow customers to purchase insurance products through Prabhu Bank. Branchless banking services are available for customers who want to access banking services without visiting a physical branch.

Agriculture loan services are available for farmers and agricultural businesses.

Kathmandu Contact Details

If you need to get in touch with Prabhu Bank Limited in Kathmandu, you can find their contact details below.

Prabhu Bank Limited is located at Prabhu Building in Babarmahal, Kathmandu.

Their email address is [email protected].

You can visit their official website at https://www.prabhubank.com.

Their head office phone number is +977-1-4788500.

Here are the contact details in a concise list:

  • Prabhu Building, Babarmahal
  • [email protected]
  • https://www.prabhubank.com
  • +977-1-4788500

Frequently Asked Questions

Which bank is merged with Prabhu Bank?

Century Bank merged with Prabhu Bank Limited in January 2023. The merged entity now operates under the name Prabhu Bank Limited.

What is the salary of CEO of Prabhu Bank?

The CEO of Prabhu Bank, Ashok Sherchan, received an annual pay package of Rs 40.03 million in FY 2021/22. This is the highest recorded salary for a bank CEO in Nepal.

How do I contact Prabhu Bank from abroad?

To contact Prabhu Bank from abroad, dial +977-1-5719000 or email [email protected]. You can also try calling +977-1-4780588 for assistance.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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