Standard Chartered Bank Nepal Explained

Standard Chartered Nepal (officially Standard Chartered Bank Nepal Limited; ne|स्टान्डर्ड चार्टर्ड बैंक नेपाल लिमिटेड) is a banking and financial services company in Nepal and a subsidiary of Standard Chartered PLC. Currently it is the only international commercial bank operating in the country.^[1]

History

It was established on 30 January 1987, with 70.21% ownership by Standard Chartered Group and 29.79% ownership by the Nepalese public.^{[2] [3] [4] [5] [6] [7] [8] [9]}

Based on a study by University of Nottingham, Standard Chartered Nepal brought positive changes to the local community in terms of setting up a role model of ESG goals.^[10]

Notes and References

1. Web site: Foreign Bank Branch Licensing Policy, 2022 . Nepal Rastra Bank . 3 November 2024.
2. Web site: About Us. 2021-08-20. Standard Chartered.
3. Web site: About us . Standard Chartered Bank Nepal . 24 May 2013.
4. Web site: Standard Chartered donates Rs 16.3 million to Save the Children for Nepal Covid-19 response . OnlineKhabar English News. 9 August 2021. 2021-08-20. en-GB.
5. Web site: Standard Chartered Bank Nepal launches Banking API . OnlineKhabar English News. 22 June 2021. 2021-08-20. en-GB.
6. News: Joshi. Kriti. 2020-12-03. Standard Chartered Bank reaffirmed with AAA rating 2nd year in a row. 2021-08-20. The Himalayan Times. en.
7. Web site: Covid-19 Nepal: Standard Chartered Bank donates medical equipment to govt . OnlineKhabar English News. 14 June 2021 . 2021-08-20. en-GB.
8. Web site: Standard Chartered Nepal gets Excellence in Learning and Development Award . OnlineKhabar English News. 2021-03-30. 2021-08-20. en-GB.
9. News: Himalayan News Service. 2021-02-02. SCBN supports BWSA. 2021-08-20. The Himalayan Times. en.
10. Gocher . Tim . Chan . Wen Li . Ramachandran . Jayalakshmy . Yee . Angelina Seow Voon . Corruption in least developed countries and ESG (responsible) investment: Standard Chartered Bank in Nepal . Journal of Financial Regulation and Compliance . 23 May 2024 . 32 . 3 . 293–312 . 10.1108/JFRC-07-2023-0112 . 3 November 2024.