Nepal SBI Bank Limited (NSBL) is the first Indo-Nepal joint venture in the financial sector.

NSBL commenced operation with effect from 7 July 1993 with one full-fledged office at Durbarmarg, Kathmandu with 18 staff members.

The State Bank of India (SBI) holds 55 percent of the total share capital of the Bank, 15 percent is held by the Employees Provident Fund and the balance is held by the general public.

SBI's non-banking subsidiaries / Joint ventures are market leaders in their respective areas and provide wide-ranging services, which include Life Insurance, General Insurance, Merchant Banking, Mutual Funds, Credit Cards, Factoring Services, Security Trading and Primary Dealership, making the SBI Group a truly large financial supermarket and India's financial icon.

SBI has arrangements with various international / local banks to exchange financial messages through SWIFT in all business centers of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled teams of professionals.