Only 10 local levels without bank access

The government objective of reaching access of commercial banks to all local levels across the country is close to materialization.

According to a Nepal Rastra Bank (NRB) report, only 10 local levels are without a bank. The 10 local levels are not able to set up bank branches due to geographical and logistics difficulties.

A single local level out of a total 137 is beyond the access of bank in State-1. Similarly, only one out of total 136 local levels in State-2 does not have a bank. Similarly, two local levels out of total 119 local levels have yet to get access to bank in Bagmati State.

Likewise, only one out of total 85 local levels is waiting for establishing bank branch in Gandaki state.

It may be noted that all local levels have bank access in State-5. In Karnali State 78 local levels out of 79 have bank access while four out of 88 local levels don’t have bank branches in Sudurpaschim state.