Everest Bank

Everest Bank Limited is a commercial banking brand based in Nepal. Its defining corporate characteristic is its joint-venture relationship with Punjab National Bank of India, which holds a 20% equity interest in the bank. The relationship connects Everest Bank to one of India's established banking institutions while the bank operates within Nepal's commercial banking market. The bank provides banking services through a substantial domestic distribution network. The reference material describes 133 branches, 161 automated teller machine counters, 33 revenue-collection counters, and four extension counters, together with correspondent relationships in multiple countries. These channels indicate a business model that combines conventional branch banking with ATM access, government or institutional revenue-collection services, and cross-border correspondent banking support. Everest Bank has also had a cross-border institutional presence. It is described as the first Nepalese bank to establish a representative office in India. A representative office is generally used for liaison, relationship development, and support activities rather than full retail banking, making the Indian presence particularly relevant to the bank's relationship with Punjab National Bank and to Nepal–India financial connectivity. The bank's ownership structure is divided between a promoter group and the general public. The cited material reports that the promoter group held 59.23% and the general public held 40.77%. It also reports paid-up capital of NPR 13.7 billion for fiscal year 2025/26. Because the supplied reference does not provide a complete historical ownership table, a detailed account of changes in shareholders cannot be established here. A notable governance development was the appointment of Sudesh Khaling as Everest Bank's first Nepali chief executive officer in its 25-year history. Before that appointment, the bank had appointed Indian nationals to the CEO position. The change therefore represented a shift in senior executive representation while retaining the bank's broader Nepal–India joint-venture context. Everest Bank's public identity is primarily that of a full-service commercial bank rather than a narrowly specialized financial-services brand. The available source material confirms its branch, ATM, collection, extension-counter, representative-office, and correspondent-banking infrastructure, but does not provide enough detail to document individual named products, pricing, customer segmentation, advertising campaigns, or a complete chronology of corporate milestones. Those areas remain suitable for further verification through the bank's own disclosures and Nepalese regulatory or stock-market records.

Everest Bank developed as a commercial banking institution in Nepal and operates within a joint-venture framework involving Punjab National Bank of India. The Indian bank holds a 20% equity stake, giving Everest Bank an institutional connection across the Nepal–India financial corridor while leaving the bank focused on the Nepalese commercial banking market. The available reference material does not specify the bank's incorporation year or provide a full year-by-year account of its early development. It does, however, characterize the institution as having a 25-year executive history at the time Sudesh Khaling was appointed chief executive officer. That appointment was significant because Khaling became the first Nepali national to hold the CEO role; previously, the bank had appointed Indian nationals as chief executives. The change marked an important leadership transition in the bank's governance history. Everest Bank's institutional development also included a cross-border step: it became the first Nepalese bank to establish a representative office in India. This presence is consistent with the bank's joint-venture relationship with Punjab National Bank and provides a platform for liaison and relationship management outside Nepal. The reference does not state the opening date or describe the office's specific activities in detail. The bank expanded its physical and service infrastructure through a broad domestic network. The cited figures comprise 133 branches, 161 ATM counters, 33 revenue-collection counters, and four extension counters, as well as correspondent links in various parts of the world. Together, these facilities show the evolution of Everest Bank beyond a conventional branch-only model toward a distributed banking platform supporting customer access, cash services, institutional collections, and international correspondence. Its reported ownership structure consists of a 59.23% promoter-group holding and a 40.77% general-public holding. The reference also gives paid-up capital of NPR 13.7 billion for fiscal year 2025/26. These figures describe the supplied snapshot rather than a complete historical series. No additional verified material was supplied on mergers, acquisitions, rebranding, product launches, financial performance, controversies, or advertising campaigns. Accordingly, the documented history is strongest on ownership, distribution, cross-border positioning, and leadership rather than on detailed product or earnings chronology.

A Nepalese commercial bank combining domestic branch distribution with an India-linked joint-venture structure and cross-border banking connections.

• Commercial banking

  Commercial banking services

  Everest Bank is described as a commercial bank of Nepal. The supplied material does not enumerate specific deposit, lending, card, digital-banking, or investment products, so this entry records the confirmed broad service category without assigning unverified product names or features.

• Banking distribution

  Branch and ATM banking network

  The bank serves customers through a reported network of 133 branches and 161 ATM counters. These channels form the core of its physical access model, although the reference does not provide branch locations, opening dates, or a breakdown of services by channel.

• Institutional banking

  Revenue-collection services

  The bank's network includes 33 revenue-collection counters. The supplied material does not identify the specific government bodies, institutions, or payment programs supported by these counters.

• International banking

  Correspondent banking

  Everest Bank maintains correspondent relationships in multiple countries, supporting international connectivity beyond its Nepalese branch network. The available source does not name the correspondent institutions or specify the individual transaction services provided.

• Establishment of an Indian representative officeStrategy

  Background

  Everest Bank is described as the first Nepalese bank to establish a representative office in India. The available material does not give the opening year or detailed rationale.

  Action taken

  The bank established a representative office in India, extending its institutional presence beyond Nepal while operating within its broader relationship with Punjab National Bank.

  Aftermath

  The office became a documented element of the bank's cross-border profile. Its specific activities and subsequent development are not detailed in the supplied sources.

  Source

• Appointment of the first Nepali chief executive officerStrategy

  Background

  For its first 25 years, Everest Bank had appointed Indian nationals as chief executive officers, according to the supplied reference.

  Action taken

  The board appointed Sudesh Khaling as the bank's first Nepali chief executive officer.

  Aftermath

  The appointment represented a leadership and national-representation change in the bank's executive management. The source does not provide later performance or governance consequences.

  Source

1. 1Everest Banken.wikipedia.org