Nepal Bank Limited: Summer Training Project Report ON "Deposit Schemes of Nepal Bank"

D e p o s i t S c h e m e o f N e p a l B a n k
Page 1

SUMMER TRAINING PROJECT REPORT
ON
Deposit Schemes of Nepal Bank

Nepal Bank Limited
(Makes you feel richer)

Project guide- Miss AVINASH KAUR
Bank guide- Mr. SANDEEP SHARMA
(BRANCH MANAGER)
Submitted by-
VIKAS MAHAJAN
10809708
MBA 3
RD

SEMESTER
(FINANCE)


Page 2
ACKNOWLEDGEMENT

Summer Internship is a nurturing period which is indispensable for joining any company. On
the voyage of learning I came across many hurdles but each hurdle was a good experience for
me. At each step of my training, my mentor gave me full support which helped me in
carrying positive attitude whenever I faced any problem. Firstly, I take this opportunity to
thank Mr. Sandeep Sharma(Branch Manager of Nepal Bank, Jalandhar), who has always
stood by me and encouraged me to embark on the path of learning. I wish to convey my
special thanks to Mr. Gurminder Singh (Assistant Vice President NRI services Punjab), Mrs.
Mamta Mehta (Deputy Branch Manager), and all employees who have helped me directly or
indirectly in my difficulties at Nepal Bank Jalandhar Nepal who have been a constant source
of inspiration and encouragement to me. I wish to express my deepest and most sincere
thanks to my Faculty Guide, Miss Avinash Kaur who have continuously guided me
throughout this project. Last but not the least I would like to thank my fellow management
trainees from Nepal Bank Jalandhar. By interacting with them, I was able to generate more
meaningful ideas that have enabled me to further complete this project. No words can
adequately express my overriding debt of gratitude to my parents whose support helps me in
all the way. Above all I shall thank my friends who constantly encouraged and blessed me so
as to enable me to do this work successfully.

Vikas Mahajan


Page 3
PREFACE

Theoretical knowledge without practical knowledge is of little value. In order to achieve
positive & concrete results along with theoretical concept the exposure of real life situation
existing in corporate is very much needed. To fulfill this need the management course has a
provision for the practical training program. I thank my institute to provide us such
opportunity having training period in our course so that students can have real feeling of
Organization life.
I took my summer training in NEPAL BANK, Jalandhar. It was my fortune to get training in
very healthy atmosphere. I got ample opportunity to views the overall working of the Nepal
bank. In the coming pages an attempt has been made to present a comprehensive report is
concerning different aspects.


Page 4
Content Index Page no.
1 Acknowledgement_____________________________________________ 2
2 Preface ______________________________________________________ 3
3 Executive summary____________________________________________ 5

4
CHAPTER-1
Deposit schemes______________________________________________ 8
5 Literature review_______________________________________________ 12

6
CHAPTER-2
Banking history/evaluation/private banks in Nepal____________________ 14
7 Major banks__________________________________________________ 23
8 Growth rate_________________________________________________ 25
9 Profile ______________________________________________________ 25
10 Brief History_________________________________________________ 30
11 History of the company________________________________________ 31
12 Mission/vision/objective Achievements ____________________ ______ 35
13 Product range/deposit schemes_________________________________ 38
14 Statistical profile__________________________________________ 57
15 Financial statement/Future plans____ _ 62

16
CHAPTER-3
Research methodology________________________________________ 68

17
CHAPTER-4
Analysis and interpretation ____________________________________ 72

18
CHAPTER-5
Suggestions/conclusions/summary_______________________________ 78
19 Appendix __________________________________________________ 79
20 Bibliography ________________________________________________ 85


Page 5
Executive Summary

The financial services sector and capital markets have a significant influence on how
Economies develop, principally through their role in allocating financial capital between
different economic activities, as well as through their own operations, not only do banks
Manage their own financial and sustainability performance, they are in a position to influence
Socio-economic and environmental performance in client organizations and through their
Depositing strategies. In this report, we examine whether and how banks manage the
corporate economic impacts of their core deposits activities.

The aim of this research is to explore whether banks account for the types of economic
Impacts arising from their deposit activities. It asks who the real beneficiaries of banks
deposit activity and whether banks take this into account in their core business decisions.
Specifically, it questions how some banks understand their economic impacts and whether
and how this informed the development and delivery of deposit products and services.
Accountability and BSR have developed a methodology through which companies can begin
to articulate and account for the economic impacts of their business activities sitting,
employment, Procurement, product and service development and delivery, contribution to
taxes, investment And philanthropy.

This report focuses on the bank deposit sectors product Development and delivery business
function, and through this explores corporate understanding and accountability of banks. As
for all sectors, there is less data on product-related impacts than other for other aspects of
business activity, which is a critical impact area for banks.

This study explores whether and how banks understand and manage the economic impacts of
their products through product development, use and delivery of deposit products on the
communities that use them. This relates to both production-side economic impacts and
consumption side product-related economic impacts. Production-side impacts might include
the operations of bank branches, and might include employment, sourcing from local
suppliers and environmental impacts. While the impact of these activities is important, the
most significant economic impacts are likely to accrue to customers and the wider economy.
Consumption-side economic impacts relate directly to the access to finance debate, as well as
questions that have arisen from whom bank take deposits. Most attention on banks in this
area has focused on project finance for large and environmentally sensitive projects. Access
to finance refers to the lack of availability of finance to specific communities. These issues
have largely defined the corporate responsibility of banks in the eyes of some major
stakeholders.


Page 6
This report explores how some banks understand and account for their economic contribution
to society. For some, economic impact management is already an important internal
management tool and stakeholder engagement platform. For others, the value of managing
economic impact is clear, but the challenge is finding ways to do it. Ideally, corporate
management of economic impact allows company to better inform and engage stakeholders
on the broader debate on the role of the sector in society.

The report examines what sustainability principles and standards mainstream banks have
adopted around the world, and the extent to which those standards capture the most
significant potential economic impacts of bank lending. The report sets out some of the key
framework issues and players driving banks to consider sustainability issues.

Objective

The main objective of the study of the deposits schemes of the bank is to study what bank
provide to different type of customers as per their requirement in their deposits.
Because I was there in Everest Bank, Nepal for 6 weeks and I saw different type of
customers there.
Businessman, employees, nri, students, senior citizens, any many more.
Some want fixed deposits, some wants services, some want more transactions intra day, some
want that to pick cash and deliver cash to their home as per their want. So this main of my
study.
Significance
The significance of the study is that with this study I came to that what is actually going in
private sector banks and what is the difference in the services of private sector banks and
public sector banks. type of deposits and services and many more.


Page 7
Scope

The scope of this study which is conducted by me is krishnanagar, nepal.
The method used by me is pump late provided by bank and banks site

Recommendations
There should be system like in foreign countries that employee on every counter can
deal with every customer, that is he can take deposit from him he cashed his cheque.
Bank should increase in number of branches in all over Nepal.
Number of ATM should be increased.
Number of employees for banking operation should be increased.
There should be more advertisement of the bank, because mostly people are not aware
about the name of the bank.
Bank should use some promotional strategies.
Area of the branch should be wide.


Page 8
CHAPTER-1
Project Objective
To study the deposit schemes of bank
Customers
Time becomes the most important aspect looked over by the customer with the changing life
style, especially if we talk about service industry, its importance increases by many folds and
same applies to advanced services regarding deposits schemes also. As soon as customer
walks down at the dealer points he doesnt wish to even waste a single minute to cashed a
cheque or for deposit money or withdraw with the Multi National banks entering in Nepal
Markets.
Banks
Service industry requires a lot of customer focus as customer is also involved in the whole
process and needs a special attention as well as fast and quality services if they want to
remain in the market. So the same applies to the banking industry as the customer is very
choosy in selecting a bank and which can give him fast and better services as well as good
customer interactions is preferred. So the improvement of personalized banking, Internet
banking, mobile banking, phone banking, doorstep banking, will ensure that the customer
gets fast Service in banks. So a compressed turn around time will lead to better retention of
customer and will increase the goodwill of the bank.


Page 9
Opening and operation of account
Any resident Nepaln in Nepal can open accounts in single name or in joint names with
different options, for final disposal.
Photograph and KYC Compliance
Nomination facility is available
Transfer of accounts from one branch to another branch is possible.
Safe Custody and automatic renewal of deposits are undertaken
Closure of Accounts
When the account is closed the amount is paid by cash or credited to the account of the
depositor. Repayment of deposits with maturity value above Rs.20,000/- shall be made by
credit to an account or by an account payee cheque (as per law).

Deposit Schemes

A deposit account is a current account, savings account, or other type of bank account, at a
banking institution that allows money to be deposited and withdrawn by the account holder.
These transactions are recorded on the bank's books, and the resulting balance is recorded as
a liability for the bank, and represent the amount owed by the bank to the customer. Some
banks charge a fee for this service, while others may pay the customer interest on the funds
deposited.


Page 10
Major types
Savings accounts: Accounts maintained by retail banks that pay interest but can not be
used directly as money (for example, by writing a cheque). Although not as convenient to
use as checking accounts, these accounts let customers keep liquid assets while still
earning a monetary return.
Money market deposit account: A deposit account with a relatively high rate of interest,
and short notice (or no notice) required for withdrawals. In the United States, it is a style
of instant access deposit subject to federal savings account regulations, such as a monthly
transaction limit.
Time deposit: A money deposit at a banking institution that cannot be withdrawn for a
preset fixed 'term' or period of time. When the term is over it can be withdrawn or it can
be rolled over for another term. Generally speaking, the longer the term the better the
yield on the money.
Current account: This account is mainly for business class people. The main benefit of
this account is that the account holder can make transactions in his/her account as many
time as he want. No limit on the transactions. Like is on saving account. And no interest
is provided on this account. Overdraft limit is also available on this account.
Flexi/ sweep account: Now after looking at the western countries of the deposits Nepaln
banks starts this account. On this account holder get the benefit of saving and fixed
account. In this account holder can specify to his bank that this much amount he want to
maintain in saving account and above that limit his money should be transferred to fixed
deposit account. But the main benefit of this account is that holder can withdraw any
money that want to withdraw. And this facility is not available in fixed deposit account.


Page 11

Legal framework of deposit scheme

Although restrictions placed on access depend upon the terms and conditions of the account
and the provider, the account holder retains rights to have their funds repaid on demand. The
customer may or may not be able to pay the funds in the account by cheque, internet banking,
or other channels depending on those provided by the bank and offered or activated in respect
of the account.
The banking terms "deposit" and "withdrawal" tend to obscure the economic substance and
legal essence of transactions in a deposit account. From a legal and financial accounting
standpoint, the term "deposit" is used by the banking industry in financial statements to
describe the liability owed by the bank to its depositor, and not the funds (whether cash or
checks) themselves, which are shown an asset of the bank. For example, a depositor opening
a checking account at a bank in the NEPAL with RS.100 in currency surrenders legal title to
the RS.100 in cash, which becomes an liability of the bank. On the bank's books, the bank
debits its currency and coin on hand account for the RS.100 in cash, and credits a asset
account (called a deposit account, checking account, etc.) for an equal amount. ( double-entry
bookkeeping system.) In the audited financial statements of the bank, on the balance sheet,
the RS.100 in currency would be shown as an liability of the bank on the left side of the
balance sheet, and the deposit account would be shown as a asset owed by the bank to its
customer, on the right side of the balance sheet. The bank's financial statement reflects the
economic substance of the transaction -- which is the bank has actually borrowed RS.100
from its depositor and has contractually obliged itself to repay the customer according to the
terms of the demand deposit account agreement. To offset this deposit liability, the bank now
owns the actual, physical funds deposited, and shows those funds as an liability of the bank.
Typically, an account provider will not hold the entire sum in reserve, but will loan the
money at interest to other clients, in a process known as fractional-reserve banking. It is this
process which allows providers to pay out interest on deposits. By transferring the ownership
of deposits from one party to another, they can replace physical cash as a method of payment.
In fact, deposits account for most of the money supply in use today. For example, if a bank in
the NEPAL makes a loan to a customer by depositing the loan proceeds in the customer's
checking account, the bank typically records this event by debiting an asset account on the
bank's books (called loans receivable or some similar name) and credits the deposit liability
or checking account of the customer on the bank's books. From an economic standpoint, the
bank has essentially created economic money (although obviously not legal tender). The
customer's checking account balance has no RUPEE bills in it, as a demand deposit account
is simply a liability owed by the bank to its customer. In this way, commercial banks are
allowed to increase the money supply. (without printing currency, or legal tender)


Page 12

LTERATURE REVI EW

Review of the Cash Ratio Deposit Scheme - Consultation on proposed
changes
The cash ratio deposit (CRD) scheme was placed on a statutory footing in the 1998 Bank of
England Act. Under its terms certain institutions authorized under the Financial Services and
Markets Act 2000 to accept sterling deposits (such as banks and building societies) place
non-interest bearing deposits at the Bank of England. The Bank of England invests these
deposits and the income earned is used to fund the costs of its monetary policy and financial
stability functions, which benefit sterling deposit takers.
As part of the last review of the cash ratio deposit scheme (which took place in 2003) the
Government made a commitment to conduct a further formal review at the latest in five years
time. The beginning of that review was announced by the Chief Secretary to the Treasury in a
written Ministerial statement on 14th May 2007. A public consultation, detailing the findings
of the review and its proposed changes to the CRD scheme, was launched in August 2007.
This consultation closed on 2nd November 2007.
Review of the Cash Ratio Deposit Scheme - Consultation on proposed changes is available
below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe
Acrobat installed on your computer you can download the software free of charge from the
Adobe website . For alternative ways to read PDF documents and further information on
website accessibility visit the HM Treasury accessibility page .


Page 13

Deposit Compensation Scheme Update

From 26 November 2013 all retail deposits are protected by the introduction of the Guernsey
Banking Deposit Compensation Scheme. The Scheme has been prepared rapidly in response
to recognition by the Commerce and Employment Department and the Policy Council of the
urgent need to introduce such a measure.
The key elements of the scheme are:
The scheme covers all individual retail depositors, wherever they live.The scheme provides
compensation of up to 50,000 per person per licensed bank, no matter how many accounts
they have with that bank.
The scheme will pay compensation within three months of a bank failure.
The scheme will be operated by an independent board which will be separate from both the
Guernsey Financial Services Commission and the States of Guernsey.
The maximum amount of compensation is capped at 100 million in any 5 year period.
The scheme will be funded by a combination of insurance and a levy on the banking industry
in the event of a bank failure, taxpayers funds will not be involved.
The scheme was developed by a technical working group which included representatives of
the Association of Guernsey Banks. Several of the proposals in the scheme are innovations
specifically suited to Guernseys diverse banking industry.
It provides an appropriate level of compensation to depositors but also ensures that the Banks
will have certainty about their potential liability.
The Department and the Policy Council are grateful to Deputy Charles Parkinson who
chaired a working group to bring these proposals to the States as quickly as possible. The
Department would also like to thank those members of the Association of Guernsey Banks
who gave up their valuable time to work with the Department on developing these proposals
and GFSC for their invaluable help and initial research.


Page 14
CHAPTER-2

A HISTORY OF BANKING SYSTEM IN NEPAL
This post is about banking in Nepal, a history of banking system in Nepal. In the context of
Nepal, it is very difficult to trace the correct chorological history of the Banking systems in
Nepal because there are no sufficient historical records and data about Banking in Nepal.
Nepal bank Ltd. is the first modern bank of Nepal. It is taken as the milestone of modern
banking of the country. Nepal bank marks the beginning of a new era in the history of the
modern banking in Nepal. This was established in 1937 A.D. Nepal Bank has been
inaugurated by King Tribhuvan Bir Bikram Shah Dev on 30
th
Kartik 1994 B.S. Nepal bank
was established as a semi government bank with the authorized capital of Rs.10 million and
the paid -up capital of Rs. 892 thousand. Until mid-1940s, only metallic coins were used as
medium of exchange. So the Nepal Government (His Majesty Government on that time) felt
the need of separate institution or body to issue national currencies and promote financial
organization in the country.
Banking in Nepal
Nepal Bank Ltd. remained the only financial institution of the country until the foundation of
Nepal Rastra Bank is 1956 A.D. Due to the absence of the central bank, Nepal Bank has to
play the role of central bank and operate the function of central bank. Hence, the Nepal
Rastra Bank Act 1955 was formulated, which was approved by Nepal Government
accordingly, the Nepal Rastra Bank was established in 1956 A.D. as the central bank of
Nepal. Nepal Rastra Bank makes various guidelines for the banking sector of the country.
A sound banking system is important for smooth development of banking system. It can play
a key role in the economy. It gathers savings from all over the country and provides liquidity
for industry and trade. In 1957 A.D. Industrial Development Bank was established to promote
the industrialization in Nepal, which was later converted into Nepal Industrial Development
Corporation (NIDC) in 1959 A.D.


Page 15
Rastriya Banijya Bank was established in 1965 A.D. as the second commercial bank of
Nepal. The financial shapes for these two commercial banks have a tremendous impact on the
economy. That is the reason why these banks still exist in spite of their bad position.
As the agriculture is the basic occupation of major Nepalese, the development of this sector
plays in the prime role in the economy. So, separate Agricultural Development Bank was
established in 1968 A.D. This is the first institution in agricultural financing.
For more than two decades, no more banks have been established in the country. After
declaring free economy and privatization policy, the government of Nepal encouraged the
foreign banks for joint venture in Nepal.
Today, the banking sector is more liberalized and modernized and systematic managed. There
are various types of bank working in modern banking system in Nepal. It includes central,
development, commercial, financial, co-operative and Micro Credit (Grameen) banks.
Technology is changing day by day. And changed technology affects the traditional method
of the service of bank.
Banking software, ATM, E-banking, Mobile Banking, Debit Card, Credit Card, Prepaid Card
etc. services are available in banking system in Nepal. It helps both customer and banks to
operate and conduct activities more efficiently and effectively.
For the development of banking system in Nepal, NRB refresh and change in financial sector
policies, regulations and institutional developments in 1980 A.D. Government emphasized
the role of the private sector for the investment in the financial sector. These policies opened
the doors for foreigners to enter into banking sector in Nepal under joint venture.

Some foreign ventures are also established in Nepal such as Nepal Bangladesh Bank,
Standard Chartered Bank, Nepal Arab Bank, State Bank of Nepal, ICICI Bank, Everest Bank,
Himalayan Bank, Bank of Kathmandu, Nepal Indo-Suez Bank and Nepal Sri Lanka Merchant
Bank etc.
The NRB will classify the institutions into A B C D groups on the basis of the
minimum paid-up capital and provide the suitable license to the bank or financial institution.


Page 16
Group A is for commercial bank, B for the development bank, C for the financial
institution and D for the Micro Finance Development Banks.
Generally banks in Nepal are opened 9 am to 3 pm Sunday to Thursday and 9 am to 1 am on
Friday. But nowadays most of banks in Kathmandu are opened throughout the week.
There are 32 commercial banks, 79 development banks, 79 financial companies, 18 micro
credit (Grameen) development banks and 16 saving and credit co-operation(licensed by
Nepal Rastra Bank) are established so far in Nepal. The bank with the largest network in
Nepal is The Nepal Bank Ltd. These commercial banks and financial institutions have played
significant roles in creating banking habit among the people, widening area and business
communities and the government in various ways.


Page 17
CURRENT ACCOUNT
EBL offers a wide range of products and services designed to make banking easier and to
match each and every customer's requirements. This account is non-interest bearing account.
We are offering various flexible payment methods to allow customers to distribute money
directly to others. There is no limit for withdrawal and deposit in this account. We provide
internet user login for this account incase of single signatory.

EBL's Current Account offers you various benefits and flexibility.
Free Cheque books
Free monthly statement
Unlimited Withdrawal
Extended Banking Hour
365 days banking
All the branches of EBL is connected through ABBS (Any Branch Banking Service)
which enables you to withdraw and deposit cash from any of the branches.
ATM card.
Minimum Balances for accounts may vary across branches.
Required documents for deposits:
For personal accounts:
Citizenship Certificate or Passport
2 PP size photos
For Sole Proprietorship:
Registration Certificate
Tax Certificate
Citizenship Certificate of the Proprietor
2 PP size photos
For Partnership Account:
Partnership deed
Firm Registration Certificate
Tax Certificate
Citizenship Certificate of Partners
2 PP size photos of partners


Page 18
For Limited Company Account:
Memorandum & Articles of Assocation
Name, Address of directors & Office Bearers of the Limited Company with copy of
Citizenship Certificate
Name & Signatures of the Persons Authorised to Operate an account
Operation Commencement Certificate (for Public Ltd. Co.)
Resolution of Board of Directors regarding opening of the account
Tax Certificate
For Club Society & Association Account:
List of Office Bearers
Resolution Regarding Opening & Conduct of Account
Name & Signature of the persons authorized to operate the account


Page 19
NORMAL SAVING ACCOUT
Normal savings account is a deposit account held at a bank maintained by a customer for the
purpose of accumulating funds over a period of time while earning an interest.

Saving account can be opened in NPR for the Nepalese citizen and in USD for foreign
citizens with valid password and job appointment letter. Nepalese citizen who have foreign
currency source of income can open foreign currency account.
Interest rates

Interest rate is calculated on Daily Closing balance and payable on quarterly basis.

The account opening form can be collected from the branch or downloaded by clicking here.
The duly filled account opening form along with the relevant document can be submitted at
the branch near you.

EBL's Saving Account offers you various benefits

Free Cheque books.
Minimum Balance of NPR 500/- to open savings account in any branches.
Free Statement on demand.

2 PP size photos


Page 20
NAARI BACHAT KHATA
With the objective to encourage the small savings of women from household and professions
we have introduced Naari Bachat Khata. Where the customer can make small saving and get
the higher rate of interest.
The facility offer in this account is
Attractive interest Rate on Daily Balance Basis
Opening of Account at NPR 5,000/- (valley) & NPR 2,500/- (out of valley)
Issuance and renewal of Debit Card at NPR 50/-
Issuance of Free Cheque Book
Pay Bill Registration Facility
25% discount on Annual locker rent (Small Locker Only)
i Banking (Internet Banking) service facility
Saving Premium Account
The savings that will shine bright in the future for you and your family.
Minimum Balance
The minimum balance required for Saving Premium Fund Accounts shall be Rs. 1.00 lac
(valley) and Rs. 0.50 lac(out of valley).

Interest Rate
Competitive Interest Rate.

Additional Benefits
Issuance of Everest Bank Saving Premium Card
Exclusive Service for the Saving Fund Premium accounts holder.
No commission on Demand Draft up to Nrs. 1 lac in a month.
No Security deposit for locker facility.
Allotment of Safe Deposit Lockers on priority basis (subject to availability). For small
lockers 50% discount and if it is not available 15% discount on other lockers.
Personal Accidental Death Insurance of Rs. 1.00 lac (valley) and 0.50 lac (out of
valley)


Page 21

The duly filled account opening form along with the relevant document can be submitted at
the branch near to you.

EBL's Saving Premium Accounts offers you various benefits

Free A/c statement on demand

Free ATM card

Extended banking hours*

Unlimited withdrawal

ABBS facilities (Any Branch Banking Service)

365 days banking*
*at selected branches only
2 PP size photos
BAAL BACHAT KHATA
With the objective to secure the future of the children, we have introduced Baal Bachat
Khata, where the parents/ guardians save in their children name.

Attractive interest Rate on Daily Balance Basis
Opening Account at NPR 5,000/- (valley) & NPR 2,500/- (outside valley)
Issuance and renewal of Debit Card at NPR 50/-
Issuance of Free Cheque Book
Parents will be the guardian of the account till the children become major.


Page 22
SAUGAT BACHAT KHATA

Saugat Bachat Khata is a unique product, which has integration of both savings and fixed
deposit account. The interest rate on the account varies from mininmum savings rate to the
rate of normal fixed deposit depending on time period. In this account, there is sweep in and
sweep out facility from savings to fixed.
Product Nature: Composition of Savings & Fixed Deposit account
Minimum Balance : NPR 5000/-
Features of Product :-
The bank would provide the facility of automatic transfer of balance from saving account to
FDR. In case the customer withdraws the amount from this account then it will be treated as
under
- First, the balance available upto Rs. 50,000/- in the account would be utilized.
- For further needs, withdrawal will be allowed from Fixed Deposit in the multiples of Rs.
25,000/- as per the requirement of the customer.
Interest rate: Attractive

Other Facilities
Issuance of Debit Card at concession rate of NPR 100/-
Free Issuance of Cheque book
Free Internet banking
Mobile recharge and bill payment through SMS
Joint account facility


Page 23
FREEDOM SAVINGS ACCOUNT
This unique deposit product has been introduced with an objective to inculcate saving habits
in the minors (who are in the age between 10 to 16 yrs) and help them in becoming
responsible by allowing them to operate this account independently.

A special savings scheme for minors, who have attained 10 years of age but not crossed 16
yrs, can read & write, can open this Savings account in their own name singly. No cheque
book will be issued to this Account holder; however the minor is allowed to withdraw money
from his/her account using ATM card or through withdrawal slip.

Features:
Minimum Balance : Rs.100.00
Interest Rate : On daily balance and quarterly payment
Cheque Book/Overdraft : Not allowed
ATM Card : Allowed (free of cost)
Any other charges : No
Withdrawal : Through ATM Card or Withdrawal Slip(Minor to be present
at the Bank's counter to affix his/her signature to withdraw through Withdrawal
Slip).

Documents Required:
Birth Certificate/School Certificate of minor (showing evidence of age)
Photograph of minor
Citizenship & Photograph of Guardian (Gaurdian signature is mandatory in Account
opening Form).

Others:
Minor Operated Accounts can be converted to full-fledged (Normal) Savings Account
on minor attaining the age of 16 years
(Citizenship certificate or any other documents evidencing the proof of age to be
submitted for this purpose)


Page 24
Supreme Deposit
EBL Supreme Deposit Scheme has offered the higher rate of interest in Fixed
Deposit Accounts as well as in Savings Deposit Accounts. The Customer who opens a fixed
Deposit Account under Supreme scheme are eligible to open a saving account with higher
rate of interest.
Interest Rate : Attractive
Loan /Overdraft facility : up to 90% of deposit amount.
Cumulative Deposit Scheme
In case you require bulk amount in future to meet your financial needs like children's higher
education, their marriage etc., open an account under Cumulative Deposit Scheme and earn
higher interest on quarterly compounding basis.
Participation in the scheme
Any individual including a minor, Proprietorship/Partnership Firms, Associations,
Company/Corporate Bodies, Trust, Charitable and Education Institutions, Municipalities,
Government/Quasi Government Bodies, NGOs, INGOs etc can open account under the
scheme.
Deposit Amount
Minimum Rs. 50,000/-
Period of Deposit
6 months upto 5 years
Maturity Value
Principal amount with upto date interest shall be paid on maturity date.

Premature Cancellation
If any depositor desires to withdraw the deposit before maturity, bank may at its discretion,
repay the deposit with upto date interest at the rate applicable to the period for which the
deposit remained with the bank less penalty.
Overdue Deposit
The bank may at its discretion, allow interest on overdue deposit from the date of maturity
provided the deposit is renewed from the date of its maturity for at least 15 days from the date
of presentation.


Page 25
Loan/overdraft
Allowed at 2% over the deposit rate.
The duly filled account opening form along with the relevant documents can be submitted at
the branch near you.
2 PP size photos
Cash Certificate Scheme
This is a unique product which is intended to cater to the demand of those depositors who
want higher return on small investments. This is in fact a discounted value system, the
maturity of which has been fixed as the height of Mount Everest (i.e. 8848 mt. & 29029 feet)
Name of the scheme: HAJURKO KAMAI, EVEREST KO UCHAI
Target Group : Individuals, professionals, housewives who want to invest small deposits for
2-3 yrs period

Features/modality:-
A fixed amount shall be deposited for fixed tenure with fixed maturity value. The maturity
value will be Rs.8,848.00 and Rs.29,029.00 matching to the height of Mt. Everest. The
depositor has to deposit discounted amount as indicated in the table to get the maturity value.
Premature Cancellation/Loan:-
Alike normal deposit scheme, premature cancellation will be allowed in this scheme as well.
In case of premature cancellation, 1% less interest on published rate (normal FD) will be paid
for the actual period of deposit. Similarly, loan will be allowed to the extent of 90% of
deposit with interest rate of 12% p.a.


Page 26
UNFIXED FIXED DEPOSIT SCHEME
Unfixed Fixed Deposit Scheme allows benefits of higher rate of interest with quarterly
compounding while allowing the facility of simultaneous overdraft against your deposit. Now
you can use your money while earning interest on it. Get a cheque book at the time of
opening along with the Fixed Deposit Receipt.

The scheme is suited for all categories of depositors like Individuals, Sole Prop. firm, Trusts
and Limited Companies who wish to park their temporary surpluses in Fixed Deposits,
thereby earning higher rate of interest as well as withdraw or repay the amount in between
depending upon their needs.
Blind, illiterate and minors cannot open this A/C.

Deposit Amount
Minimum Rs. 50,000/-

Period of Deposit
6 months upto 5 years

Maturity Value
Principal amount with upto date interest shall be paid on maturity.

Premature Cancellation
Allowed at lower rate of interest

Flexibility
Overdraft facility will be provided through a separate Overdraft Account and a Cheque Book
will be issued on the same day. The limit of overdraft account will be 90% of the amount
deposited. The interest on your withdrawals will be charged on daily basis at 2% p.a over the
deposit rate.



Page 27
2 PP size photos
Tax Certificate
Citizenship Certificate of the Proprietor
2 PP size photos
Partnership Deed
Tax Certificate
Citizenship Certificates of Partners
Name, Address of directors & Office Bearers of the Limited Company with copy
Resolution of Board of Directors regarding opening & conduct of an account
Tax Certificate
For Club Society & Association Account:
List of Office Bearers
Resolution Regarding Opening & Conduct of Account
Name & Signature of the persons authorized to operate the account


Page 28
EVEREST PIZZA DEPOSIT
This scheme has been launched with an objective to mobilize small & medium sized deposits
from individuals/institutions intended to have liquidity feature with flexibility in long-term
investment. Further, it also caters to the needs of persons/entities want to have higher returns
than a regular savings account with varying level of liquidity.
Target Customer:
Individuals (Self-employed, Professionals, Housewives, Minors under guardianship etc.)
Corporate entities, Trust, Charitable & Educational institutions etc.
Key Features:
Target customers will have the following conveniences:
Flexibility Allows withdrawal (up to 50% of original deposits, in multiple of
Rs.10,000.00 not more than 5 times) even before the maturity, without any penal charge.
The Interest on such premature withdrawal will be paid at the rate applicable to the period
for which the deposit has remained with the Bank. (int. rate at the time of initial deposit or
prevailing rate whichever is lower will be considered).
Eligibility:
Account can be opened by an individual- singly or jointly, by a minor through his guardian.
In case of corporate entities, account will be operated as decided by the competent board of
those institutions.
More than one account can be opened by a depositor.
Minimum Deposit:
Rs.1.00 lacs up to Rs.100.00 lacs (in multiple of Rs.1.00 lacs).
Interest Rate:
As per Normal Fixed Deposit rate.
Period:
Minimum 1 year to maximum 10 yrs.
Payment of Interest/Principal Amount:
The amount invested in the scheme shall attract rate of interest prescribed by the Bank on
normal Fixed Deposits from time to time. The depositors will get the Principal amount at
maturity and Interest amount on quarterly intervals.


Page 29
Borrowing Facility:
Depositors may borrow up to 90% of their deposit at interest rate of 1.5% above the deposit
rate besides premature withdrawal facility.


Page 30
SUNAULO BHAVISHYA YOJANA
To cater to people who have the habit to save in a regular basis and avail the bulk sum at the
end with a high yielding interest rate, the bank launched the recurring deposit. The deposit is
targeted among the middle class families who save for specific purpose like purchase of
items, marriage etc.
Every drop counts The best way to plan for your future needs is by way of opting Sunaulo
Bhavishya Yojana which is most suitable for accumulating regular small savings into
substantial amount. You can plan and provide for a large investment amount at a future date
out of regular small savings. On maturity, you shall get the principal amount (i.e. the
installments) along with quarterly compounded interest.

Any individual including minor, proprietorship, partnership, Associations, Company,
Corporate bodies, Trusts, Charitable and Educational institutions, Municipality etc. can open
the account.

Deposit Amount
Minimum amount for opening an account is Rs. 100.00 and amount can be deposited in
multiples of Rs 100. The amount of installment need be fixed at the time of opening the
account.

Period of Deposit
12 months to 36 months in multiples of 12 months.

Maturity Value
Paid in lumpsum at the time of maturity.

Premature Withdrawal
Allowed at 1% lower interest rate than the published deposit rate for the deposited period or
prescribed rate (Whichever is lower).


Page 31

Loan
Loan available upto 90% of the deposited amount at 2% higher rate than the published
deposit rate.

2 PP size photos
EBL Flexi Recurring Deposit
This scheme is targeted at those individuals who want to have small saving but in regular
intervals. It also caters to the need of persons with fluctuating income e.g. self-employed,
professionals or person engaged in seasonal occupation especially in rural and semi-urban
areas. Persons having fixed income but variable surplus can also take advantage of it.

Minimum Deposit:
Rs.100.00 (Base Amount, which is the least amount to be deposited every month) or above in
its multiples (upto 10 times of base amount). The depositors will have the flexibility in terms
of choice of day to deposit within the month. If the installment(i.e. base amount) is not
deposited every month the depositor will receive interest at the rate of saving account at the
time of payment of the maturity value.

Deposit Period:
6 month to less than 1 year
1 year to 5 years Attractive I nterest Rate on daily balance & quarterly
compounding
Above 5 years to 10 years

Others:
In case of payment before maturity, interest payable in respect of such deposit shall be
1% less than the rate applicable for actual deposit period or at contracted rate, whichever is
lower.
Depositors are allowed to borrow up to 90% of their accumulated deposit at interest
rate of 1.5% higher than the rate for deposit.


Page 32
SADICHHA RECURRING DEPOSIT
The new scheme has been launched with an objective to mobilize small deposits from
youngsters in the form of regular savings for their future investments. This scheme is most
suitable for accumulating regular small savings into handsome amount and one can plan for a
large investment in future. Even parents can open the account in the name of their children to
accumulate fund to finance higher studies of the children.
Target Customer:
Children in the age between 1 day to 16 years
Attractive Features:
Additional 0.50% interest rate will be provided over the normal rate as Education Bonus to
the children. (The branch shall input 0.50% at A/c Preferential Cr. at the time of opening the
account).
This account has been linked with CSR initiative and thus, the bank will provide Rs.5.00 for
every account to raise fund for helpless & needy people. Every year on annual day function,
the fund will be donated to Orphan house/Schools/child activists etc.
Eligibility:
Account can be opened in the name of the children under guardianship of the Parent.
More than one account can be opened.
Having savings account of the parent/child is essential from which monthly installment will
be debited after receiving standing instruction authority.
Minimum Deposit:
Minimum monthly installment of Rs.1,000.00 to Maximum Rs.10,000.00 (in multiples of
thousand)
Interest Rate: As per Normal Fixed Deposit rate
Period: Minimum 1 year to maximum 10 yrs (in multiple of 1 year)


Page 33
Maturity Value:
At maturity, the depositors will get the predetermined amount which include principal
amount along with interest calculated on daily basis & compounded on quarterly intervals.
(The branches will be provided with the excel sheet by ICT Department for calculation of
maturity value).
Late Deposit Charge: In case of late deposit of monthly installment, penal charge of Rs.50
will be levied per installment.
Premature Withdrawal: In case of payment before maturity, interest payable in respect of
such deposit shall be 1% less than the rate applicable for actual deposit period or at
contracted rate, whichever is lower.
Borrowing Facility:
Depositors may borrow up to 90% of their accumulated deposit at interest rate of 1.5%
above the deposit rate besides premature withdrawal facility completely for the benefit of the
child.
USD Account
Those individuals and companies who earns in dollars can open USD Account:
Minimum Balances may vary across branches.
2 PP size photos
Tax Certificate
Citizenship Certificated Proprietor
2 PP size photos


Page 34
Partnership Deed
Tax Certificate
Citizenship Certificate of Partners
Name, Address of directors & Office Bearers of the Limited Company with copy
Resolution of Board of Directors regarding opening & conduct of an account
Tax Certificate


Page 35
The Challenges
To provide top management employees of Nepal Bank Ltd a secured, single, comprehensive,
consistent and web-enabled view of information and intelligence existing in disparate
systems across the enterprise.
To provide users different ways of looking at the same information scattered across systems
(Data "silos" throughout the organization).
To reduce the enormous amount of time currently being spent for regulatory reporting due to
heterogeneous systems
To reduce dependency on manual, error-prone processes and automating financial controls
processes such as data integration and report distribution to reduce the number of reports,
versions and touch points.
To enable integration of key information indicators from a merger of two subdivisions
following different lines of business and having their core information in diff systems with
completely different platforms and data formats.


Page 36
Business Benefits, Technical Differentiators
Reduced support and maintenance costs
Central control over information access and distribution
Improved customer service response
Improved end user productivity
Online availability of customer and business information to corporate and branch users
Single format is available for downloading, viewing and printing to customers and end
users
Real-time visibility into current data
Personalized for different users
Finance departments are prepared for period closes
Improved efficiency for speed and resource optimization
Cached content delivery-no user hitting any operational databases directly
End of the topic Nepal banks


Page 37
RESEARCH METHODOLOGY
Step1:
Program Planning
Step 2:
Start Survey
Step 6:
Consultation & review
Step 5:
Reporting
Step 3:
Survey Development
Step 4:
Data Analysis
Research
Methodology


Page 38
CHAPTER-3

RESEARCH METHODOLOGY
This chapter describes the methodology of the study. This project is based on information
collected from primary sources. After the detailed study, an attempt has been made to present
comprehensive analysis of deposit account used by the customers of the bank. The data had
been used to cover various aspects consumers preference and customers satisfaction
regarding deposit account in the bank . In collecting requisite data and information regarding
the topic selected, I went to the customers of Everest bank ,Nepal and collected the data.

Survey Design: The study is a cross sectional study because the data were collected at a
single point of time. For the purpose of present study a related sample of population was
selected on the basis of convenience.

Sample Size and Design: A sample of 20 people was taken on the basis of convenience.
The actual consumers were contacted on the basis of random sampling.

Research Period: Research work is only carried for 6 weeks.

Research Instrument: This work is carried out through self-administered questionnaires.
The questions included were open ended, dichotomous and offered multiple choices.

Data Collection: The data, which is collected for the purpose of study, is divided into 2
bases:

Primary Source: The primary data comprises information survey of Comparative study of
consumer behavior towards deposit scheme of Everest Bank. The data has been collected
directly from respondent with the help of structured questionnaires.

Secondary Source: The secondary data was collected from internet, annual report of bank
and the pump late provided by the bank.


Page 39
Limitations
In attempt to make this project authentic and reliable, every possible aspect of the topic was
kept in mind. Nevertheless, despite of fact constraints were at play during the formulation of
this project. The main limitations are as follows:
Main limitation of deposits schemes is that from the point of view of income tax department
is that the holder of the account when make a fixed deposit in the bank with Rs. 2lac and got
rate of interest of 7.5% for one year. With this his annual income from interest is Rs. 15000.
But instead of this bank or the relationship officers of the bank gave suggestion that how
account holder can save tax.
The account holder can make fixed deposits in 2 parts 1lac-1lac and can save tax, so this is
the main limitation of the deposits schemes.
Due to limitation of time only few people were selected for the study. So the sample of
consumers was not enough to generalize the findings of the study.
The main source of data for the study was primary data with the help of self-administered
questionnaires. Hence, the chances of unbiased information are less.
People were hesitant to disclose the true facts.


Page 40
CHAPTER-4
DATE PRESENTATI ON AND ANALAYSI S

GRAPH FOR THE PERSONS HAS ACCOUNT IN NEPAL BANK OR NOT

I had asked question from 20 people resident of Nepal regular visitors in Nepal bank.
In my 1
st
question all the customers has account In the Nepal bank.

GRAPH SHOWING THAT CUSTOMERS HAVE WHICH ACCOUNT

10 persons has saving account, 3 has current account, 1 has nri account, 1 has f.d.

0%
20%
40%
60%
80%
100%
yes no
saving
current
nri
any other


Page 41
GRAPH SHOWING THE TIME PERIOD OF ACCONT

7 persons has started their account from less than one year, 8 customers from above 5 years
And 2 from 3-5 years, and 3 from 1-3 years.

GRAPH SHOWING THE WORK OF CUSTOMERS

3 are businessman, 8 are employees,2 students, 7 has any other occupation.

less than 1 year
1-3 year
3-5year
above 5
0
1
2
3
4
5
6
7
8
9
businessman employee student any other


Page 42
GRAPH SHOWING THE ANNUAL INCOME OF THE CUSTOMER

1-2 lac 5 customers, 2-3 lac 6 customers , 3-above 9 customers.

GRAPH SHOWING THAT HOW MUCH BALANCE CUSTOMERS MAINTAIN

0-2500 8 customers, 2500-5000 6 customers, 5000-above 6.

0
5
10
1lac-2lac
2lac-3lac
3lac-above
5-10
0-5
Series 1
Series 2
Series 3
0
2
4
6
8
0-2500
2500-5000
5000-above


Page 43
GRAPH SHOWING THE CUSTOMER RESPONSE REGARDING DEALING OF STAFF

0
1
2
3
4
5
6
7
8
9
highly disagree disagree netural agree highly agree


Page 44
What do you want in current account?

6-cheque alert on mobile,6 home banking, 9- overdraft facility
What do you want in saving account?

6-demat account,8-recurring,6-sweep account

0
5
10
cheque alert home
banking
overdraft
facility
0
1
2
3
4
5
6
7
8
demat recurring sweeep


Page 45
Do you want e-statement of your account on your e-id?

2-no and rest 18-yes
Are you aware with RTGS/NEFT?

11-NO, 9-YES

yes
no
YES
NO


Page 46
CHAPTER-5
SUMMARY

On the whole I would like to summarize my whole of the project that the deposit schemes of
the Everest bank are very good. The schemes are of that kind that a businessman can
maintain his account over here and also a laborer can maintain his account here. bank has
account for a student- no frill account in which they provide free atm, free first cheque book,
internet banking, mobile banking, phone banking. Bank has account which starts from
rs.2500 that is Indus classic. From 5000 Indus privilege. Society/TRUST zero balance
account. Current account with exelent facilities. Fixed deposit with very good rate of interest.
Demat account for online share purchasing. Young saver account for children. Indus money
for long term investment purpose. Sweep account for taking the benefits of both saving and
fixed deposit at the same time in one account.


Page 47
CONCLUSIONS
The first of all I would like to say that the time that I had spend in Everest bank will always
be in my mind because in my training period I came to know that how a private bank provide
service to customer really mind blowing, amazing. Weather it is about dealing with
customers, timing every thing. Even I dont have words to explain the service and dealing of
Everest bank.
I have my account in bank (Public sector bank).They dont even talk In a good manner with a
customer. When I gone to bank for open account over there in my hometown then a clerk said
to me that, why you are here? Why you want to keep youre your account over here?Do you
already have account in any bank- then I said yes I had in ICICI. He replied then go to that
bank we dont need account; we dont had much time to deal with customers. So at last I
want to say that service is exelent here, dealing is also exelent, and deposit schemes are
amazing.


Page 48
Recommendation
There should be system like in forgien countries that employee on every counter can
deal with every customer, that is he can take deposit from him he cashed his cheque.
Bank should increase in number of branches in all over India.
Number of ATM should be increased.
Number of employees for banking operation should be increased.
There should be more advertisement of the bank, because mostly people are not aware
about the name of the bank.
Bank should use some promotional strategies.
Area of the branch should be wide.


Page 49

APPENDI X


Page 50
QUESTIONNAIRE
DEPOSITS SCHEMES OF NEPAL BANK

I, Akhilesh student of MBA IV Semester at
___________________________________________________________ is conducting a
research on topic DEPOSIT SCHEMES OF NEPAL BANK . Kindly help me to gather the
information by sparing your 10-15 minutes for filling the questionnaire. I will be very thankful. I
assure you that the information will be kept confidential.
DEMOGRAPHIC PROFILE
NAME: __________________________
AGE: 20-25 25-30 30-35
35-40 40-45 Above 45
GENDER: Male Female
QUALIFICATION:
MONTHLY INCOME: 10000-20000
20000-30000
30000-40000
40000-ABOVE
CONTACT NO.
ADDRESS


Page 51

Que 1 Do you have account in this bank?
Yes
No

Que 2 Which type of account do you have?
Saving
Current
Nri account
Any other plz... Specify

Que 3 For how long do you have been account in this bank?
Less than one year
One to three year
Three to five
Above five

Que 4 What is your occupation?
Businessman
Employee
Student
o Any other plz... Specify_____________

Que 5 What is your annual income?
100000-200000
200000-300000
300000-above

Que 6 How much money do you want to invest in the bank?
0-2500
2500-5000
5000-above


Page 52

Que7 Do you have account in any other bank?
If have, please specified__________________________

Que 8 Are you satisfied with the services provided by this
Yes
No If not please specify____________________________

Que9 Do you want to avail services of any other account in our bank if yes then specify
the name of the account..
________________________________________
Que 10 Are u aware with RTGS/NEFT services of the bank?
Yes
No

Que 11 what do you want in current account?
Cheque alert on mobile
Home banking facility
Overdraft facility

Que 12 what do you want in saving account?
Demat account facility
Sweep account facility
Recurring facility

Que 13 Do you want advanced technological features in your account.
Like internet banking
Mobile banking
Phone banking
Personalized banking
Home banking facility
Ans- Yes
No
Que 14 Do you want that a call is made to you when a cheque has come for payment in
bank from your account(from third party)?
Yes
No


Page 53

Que 15 Do you want monthly statement of your account on your e-mail id?
Yes
No

Que 16 Why do you prefer this bank?
Good services
Atm facility
With in your reach
Any other plz... Specify..
Que 17 What attracted you to open account in this bank?
Fame of the bank
Location
Good services

Que 18 Dealing of Staff is good
Response

Highly disagree
Disagree
Neutral
Agree
Highly agree


Page 54

Rate of Return in case of NEPAL BANK MONEY
total 5yrs 10yrs 15yrs 20yrs
investment 6lac 12lac 18lac 24lac
rate of return
8% 7.34lac 18.13lac 33.98lac 57.27lac
12% 8.11lac 22.40lac 47.59lac 91.99lac
15% 8.73lac 26.30lac 61.64lac 132.71lac
20% 9.87lac 34.43lac 95.55lac 247.62lac


Page 55

FINANCIAL PERFORMANC E OF Nepal Bank

Nepal Bank Q3 Net Profit at Rs. 45.06 crore, up by 80 %
Non Interest Income to Total revenues at 53%
Other Income up by 79%
Net NPA down by 112 bps at 1.30 %

Performance Highlights at a glance:

Q3 Q3 YoY (%) 9month 9month YoY (%)
Fy08 Fy09 Growth Fy08 Fy09 Growth

Net Profit (Rs crore) 25.04 45.06 80 60. 60 97. 82 61
Operating Profit (Rs crore) 64.96 104.00 60 144.91 216.96 50
NII (Rs crore) 89.78 116.58 30 213.84 314.76 47
Other Income 74.31 133.07 79 222.13 286.93 29
Net NPA 2.42% 1.30% 112 bps

Performance highlights for the quarter ended December 31, 2013 are:
Net Interest Income (NII) was Rs 116.58 crore as compared to Rs 89.78 crore in
the corresponding quarter of the previous year, registering a robust growth of
30%.
Operating Profit for the quarter was Rs 104 crore as against Rs 64.96 crore in the
corresponding quarter of the previous year, up 60% YoY. The Operating Profit
sequentially moved from Rs. 67.09 crores to Rs. 104 crore, thereby registering a
significant rise of 55%
Net Profit for the quarter was Rs 45.06 crore as against Rs 25.04 crore in the
corresponding quarter of the previous year up by 80% YoY. Sequentially, Net
Profit up by 34%, with an increase from Rs.33.66 crore to Rs. 45.06 crore.

Net Interest Margin (NIM) for the current quarter was 1.95% as against 1.74% in


Page 56
the corresponding quarter of the previous year. Post amortization, the same works
out to 1.81 % as against 1.57%
Capital Adequacy Ratio as on December 31, 2013 was 12.40 % as against 12.04%
at the end of December 31, 2007.
Other Income grew by 79%

Performance highlights for the 9-month period ended December 31, 2013 are:
Net Interest Income (NII) was Rs. 314.76 crore as compared to Rs 213.84 crore in
the corresponding period of the previous year, up 47%.
Operating Profit for the 9-month period ended December 31, 2013 was Rs 216.96
crore as against Rs 144.91 crore in the corresponding period of the previous year,
up 50 %.`

Net Profit for the 9-month period ended December 31, 2013 was Rs 97.82 crore
as against Rs 60.60 crore in the corresponding period of the previous year, up
61%.
The CASA (Current Accounts-Savings Accounts) ratio improved to 18.39%
As on December 31, 2013 the total Advances were at Rs 14383 crore and total
Deposits were at Rs 20634 crore

Commenting on the performance, Mr. Romesh Sobti, MD & CEO, Nepal Bank
said, For 3 Quarters running now, the Bank has registered robust growth under all heads
and I am confident that we are on track for achieving our business goals as outlined in the


Page 57
beginning of this financial year.
Adding further, he said, We witnessed positive developments during this Quarter which
have placed us in growth trajectory even during difficult market conditions. On our NPA
side, there have been remedial interventions which brought down our Net NPA ratio
significantly to 1.30% from 2.42% in the corresponding Quarter of the previous year.
Our Consumer Banking Division has introduced an array of new products to capitalize on
new relationships and is confident of delivering superior banking experience to our
customers. We have also commenced the branch refurbishment program that will
significantly alter the ambience and customer experience at our branches. We are also set
to expand our footprint across the country, based on the authorizations received from the
Reserve Bank of Nepal to expand our Banks network by 30 new branches, 50 new offsite
ATMs and 6 mobile ATMs.
At the commencement of the financial year the Bank had set the target of hiring
approximately 1300 new recruits at all the levels. Till now the Bank has successfully
added 1250 fresh recruits out of which 182 have been added in Q3 itself.
The new client acquisition program supported by a slew of new client and product
initiatives is going apace with over 3 lakh consumer and 800 corporates signed on.

About Nepal Bank
Nepal Bank Ltd. is one of the new-generation private-sector banks in Nepal which
commenced its operations in 1994. The Bank currently has a network of 180 branches,
spread over 147 geographical locations in 28 states and union territories across the
country. The Bank also has a Representative Office each in Dubai and London.


Page 58
The Bank is driven by state-of-the-art technology since its inception. It has multi-lateral
tie-ups with other banks providing access to more than 18000 ATMs for its customers. It
enjoys clearing bank status for both major stock exchanges - BSE and NSE - and three
major commodity exchanges in the country MCX, NCDEX, and NMCE. It also offers
DP facilities for stock and commodity segments.

Nepal Bank has been awarded the highest A1+ rating for its Certificates of Deposit by
ICRA and the highest P1+ rating for its Fixed Deposits and Certificates of Deposit by
CRISIL.
In recent past, the Bank was awarded The Smart Workplace Award by Economic Times
in association with Acer and Intel for enhancing the productivity of the employees
through optimum use of resources as well as technology.


Page 59

Business highlights 2013-14

Total profit crossed Rs.37800 crores
Net profit up by 98% to Rs.148.34 crores
Net interest income up by 53% to Rs.459.03 crores
Fee and other income up by 53% to Rs.456.24 crores
Net N.P.A. at 1.14% as compared to 2.27% as on march 31,2013
Net worth moved to Rs. 1429 crores
Earning per share increased to Rs.4.28 from Rs.2.35
Capital adequacy ratio stood at 12.33% as against the minimum regulatory norm of
9%
Highest A1+rating for its certificate of deposit by ICRA and the highest P1+ratin for
its deposits and certificates of deposit by CRISIL
Dividend declared 12% up from 6%
Mandated as settlement banker for tea auctions at Kolkata, Siliguri
Bagged Economic times Acer Intel smart workplace award, in the financial services
category.
Share price of Nepal Bank is around Rs.90 and there is a movement of 2-5Rs. In the
share price of Nepal Bank now a days.


Page 60

Bibliography

Company History information is available through following sources:
Official website of company: Nepalbank.com

Units of company and their other details are available through:
Official site of company

Annual results and financial details are collected from:
Balance sheets of company
http://www.Nepal.com/downloaddepositschemesrr
http://induswealth.Nepal.com/mutualfund/website/nsc/index.asp
http://www.wikiinvest.com/index/bse_bankex(bsebk)
http://www.webNepal123.com/finance/bank/fix/html
http://wwfhummel.cnchost.com/money_quiz.html
http://enwikipedia.org/wiki/banking_in_Nepal
http://enwikipedia.org/wiki/deposit_account
http://enwikipedia.org/wiki/hinduja_group
http://enwikipedia.org/wiki/history_of_banking
www.hindujagroup.com
http://www.banknetNepal.com/stock/bankex.html
Sharma.k.shashi, (2006), theories of banking, kalyani publications.
Businessinfo.com
Managementparadise.com
Hand Book Of Banking Information
Bank of Nepal
Financeguru.com
Other bank sites
RBI guidelines(Google Search)
Wikipedia.com
Handbook of Banking Information by N.S.Toor 28
th
Edition.
Banking industry act,1949,GOVT. OF NEPAL
Banker (JOURNAL FOR BANKS)


Page 61

Nepal Bank Limited: Summer Training Project Report ON "Deposit Schemes of Nepal Bank"

Transféré par

Informations du document

Description originale:

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

Nepal Bank Limited: Summer Training Project Report ON "Deposit Schemes of Nepal Bank"

Transféré par

Droits d'auteur :

Formats disponibles

D e p o s i t S c h e m e o f N e p a l B a n k

Vous aimerez peut-être aussi