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What is Banking Evolution in Nepal about?

The document provides background on banking in Nepal. It discusses how banking first developed with goldsmiths in Europe lending money and accepting deposits. The Bank of England was established in 1694 to lend money to the king. Banking developed differently in various societies and regions. In Nepal, there is evidence of basic money lending as far back as the 8th century, though organized banking institutions did not exist. The first modern bank, Nepal Bank Limited, was established in 1994 to develop agri

Author

Dipesh Magrati

Language

EN