Siddhartha bank limited
commenced operations in 2002. The Bank
is promoted by a group of highly reputed Nepalese dignitaries having
wide commercial experience. We provide a full range of commercial
banking services through our 39 branches across Nepal .
Laxmi bank
Lumbini bank
Machha Puchchhre bank
Rastriya Banijya
Bank Bank of Kathmandu
Nepal credit & commerce bank
Nic bank -
life savings account
NIC Life savings account for ensuring of your
savings, high return & your financial & personal security Standard Chartered Nepal Investment Bank
Nepal merchant bank & fin.
Development credit bank
News item 06-08-2011
According to Securities
Board of Nepal, the bank
today applied for the
permission to start Mutual
Fund under the name of
Siddhartha Assets Management
Company — a subsidiary of
the bank. It will be the
first Mutual Fund after the
regulatory authority brought
Mutual Fund regulation in
2067. “Current over supply
of shares could be absorbed
by institutional investors,”
the board said, adding that
the Fund will also boost
investors’ confidence that
is at its low currently due
to poor performance of the
secondary market. Small
investors can buy units of
the Fund, whereas the Fund
will buy shares when it’s
going down to cushion the
free fall of the secondary
market. Securities Board of
Nepal had brought Mutual
Fund Regulation after a long
exercise of almost four
years. The regulation had
formally paved the way for
the entry of institutional
investors that will help
stabilise the secondary
market that is in bearish
trend lately.