A brief history about e-bank:
ÿ The banking was started by Nepal Bank Limited (Government sector) in 1937.
2. Joint venture (JV) Banks and e-banking:
ÿ Nepal Arab Bank Ltd.(now Nabil Bank) was established in 1984 which is Joint Venture Bank.
ÿ Credit cards was introduced by Nabil Bank in early 1990.
ÿ Himalayan Bank Ltd, the another JV Bank introduced the system of ATM(Automated Teller Machine) in 1995.
ÿ Tele-banking(Telephone banking) was also introduced firstly by the Himalayan Bank Limited.
3. Private Sector Banks and e-Banking Evolution:
ÿ In 2001, Kumari Bank Limted was established.
ÿ Kumar Bank Limited was first bank which introduced Internet banking in 2002.
ÿ Sms banking(or mobile banking) was firstly introduced by Laxmi Bank Limited. In 2004.
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4. Major points of Evolution:
ÿ The evolution of JV Bank in nepal, Nabil bank in 1984.
ÿ In 1990 Credit Cards was introduced.
ÿ The first ISP was established in 1994 (Mercantile Office Systems).
ÿ In 1995 First ATM launched by Himalayan Bank Limited.
ÿ Himalayan Bank Limited Introduced Tele-banking facility in 1997
ÿ In 2000, Formulation of IT Policy .
ÿ In 2001, Evolution of (Kumari Bank) Private Sector Bank in Nepal .
ÿ in 2002, Kumari Bank introduced Internet-Banking.
ÿ Kumari Bank launched SMS banking(mobile banking) in 2004.
ÿ Electronic Transaction and Digital Signature Act (revised in 2005, yet to be brought in practice).
