Nepal Rastra Bank or NRB, which is also known as the Central Bank of Nepal was established in 1956. This bank was formed in order to discharge the responsibilities of the Central Bank of Nepal which also had the responsibility to guide the development of the financial domestic sector. Ever since, there has been an enormous growth in activities of the Nepal Rastra Bank.
Nepal Rastra Bank (NRB) has branches spread across Nepal. Some of the branches of the bank are situated in Janakpur, Birgunj, Pokhara, Nepalgunj and Siddharathanagar. The head office is in Kathmandu, the capital city of Nepal.
According to the NRB Act of 2002, the Nepal preamble assigns primary functions to the Nepal Rastra Bank or NRB, which expects the bank to perform certain duties. Some of the duties assigned to the bank are:
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