Internship Report On Prabhu Bank Limited Babarmahal, Kathmandu Submitted By

ORGANIZATIONAL PROFILE

1. Description of the organization

Prabhu Bank Limited (PBL), formerly known as Kist Bank incorporated in 2002 as a Finance Company and upgraded to Class A Commercial bank in May 2009, was renamed to its current name after the merger of four financial institutions on 15th September 2014. The institutions before the merger were Kist Bank(Class A), Prabhu Bank Limited (Class B), Gaurishankar Development Bank Limited (Class B) and Zenith Finance limited (Class C). PBL is the private sector commercial bank of Nepal in terms of branch network. Shareholding pattern of the Bank constitutes of the promoters holding 65% of the shares while 35% is floated for public. Among the promoter’s holding 13% of the share are held by 4 institutional promoters and remaining 52% by 448 individual promoters.

From its humble beginning as a Finance Company to its current stature as one of the largest private Commercial Bank of Nepal, Prabhu Bank Ltd has come of age and experience. The Bank has completed years of journey since the inception and has accommodated 7 different financial institutions in its making. The Bank has gone through the various phases of its growth trajectory over a short period of its existence. Prabhu Bank Limited operated with a goal of becoming the best bank operational excellence and superior financial performance. Prabhu Bank, a commercial bank formed through merger of Kist Bank, Prabhu Bikas Bank, Gaurishankar Development Bank, Grand Bank Nepal Limited and Zenith Finance, started its commercial operation from 2016. The five financial institutions started joint operation based on final merger approval extended by Nepal Rastra Bank (Central Bank of Nepal) in August.
It is public limited company incorporated under the Bank and Financial Institution Act, 2006 and Companies Act, 2006. It is licensed under NRB to undertake the commercial banking services and merchant banking activities in the country. The bank has a paid-up capital of Rupees 12.7 billion, is the 13^th largest commercial bank in terms of capital. The bank’s capital base has gone up following the merger. As the leading banking and financial services group in Nepal, the Bank will be there where growth is, connecting customers to the opportunities, enabling business to thrive and economies to prosper and ultimately helping people to fulfill their hopes and realize their ambitions.
The Bank offers the full range of banking and investment services for personal and corporate customers, backed by the team of highly motivated, young and dynamic professionals. It has 215 branch offices, 197 ATM kiosks, 58 extension counters, and over 1500,000 clients. It stands for customer convenience and support. It is driven by values of efficiency in operation, integrity and a strong focus on catering the needs of every customer by offering high quality and cost-effective products and services. The professional management team along with dedicated employees is always looking forward to serve the customers, understand their needs and design tailored products. The bank operates in highly automated environment in terms of information technologies and communication systems.
Thus, enabling prompt quality services it has put substantial efforts and investments in acquiring the best technologies are available to build necessary banking infrastructures.