Full form of RBB is Rastriya Banijya Bank, a government-owned commercial bank in Nepal. It was established in 1966 to promote economic development and financial inclusion in the country.
Furthermore, RBB has a network of over 200 branches and numerous ATMs across Nepal, making it one of the largest banks in the country in terms of reach and customer base. As a government-owned bank, RBB has a strong focus on promoting financial inclusion and supporting economic development in Nepal.
Additionally, the bank has played an important role in financing various key infrastructure projects in the country, such as hydropower, transportation, and agriculture. Also, it supports the government's social welfare programs, such as providing subsidized loans to women entrepreneurs and supporting education initiatives in the country.
Overall, Rastriya Banijya Bank is an important institution in Nepal's banking sector, playing a critical role in supporting the country's economic growth and development.
Organizational Structure of RBB
Rastriya Banijya Bank (RBB) has a hierarchical organizational structure, which is typical of large financial institutions. The bank is divided into various departments and divisions, each with its own set of functions and responsibilities. The following is a general overview of the organizational structure of RBB:
Board of Directors: The Board of Directors is responsible for overseeing the overall management of the bank. It consists of a chairperson, a managing director, and several directors appointed by the government.
Executive Committee: The Executive Committee is responsible for managing the day-to-day operations of the bank. It consists of the managing director and several executive directors.
Department Heads: The bank is divided into various departments, each headed by a department head who reports to the executive committee. These departments include the following.
- Finance and Accounts
- Operations
- Credit and Risk Management
- Information Technology
- Human Resources
- Marketing and Public Relations
- Legal and Compliance
- Internal Audit
Branch Managers: RBB has a network of over 200 branches across Nepal, each managed by a branch manager who reports to the department head for operations.
Support Staff: In addition to the above departments, RBB also has various support staff, such as clerks, tellers, and customer service representatives, who are responsible for providing day-to-day banking services to customers.
Overall, RBB's organizational structure is designed to ensure that the bank operates efficiently and effectively while providing high-quality financial services to its customers. The bank's management structure is designed to provide a clear chain of command and promote accountability and transparency at all levels of the organization.
Services of RBB
Rastriya Banijya Bank (RBB) offers a wide range of financial products and services to its customers in Nepal. Here are following some of the key services provided by the bank:
- Deposit accounts: RBB offers a variety of savings accounts and current accounts to meet the needs of different customers. These accounts come with features such as debit cards, internet banking, and SMS banking.
- Loans: RBB provides various loan products to its customers, including personal loans, home loans, auto loans, and business loans. The bank provides competitive interest rates as well as flexible payback terms.
- Remittance services: RBB offers fast and reliable remittance services to customers who need to send money to other parts of Nepal or overseas. The bank has a network of correspondent banks and remittance partners to facilitate this service.
- International banking: RBB offers a range of international banking services, including foreign currency exchange, letters of credit, and trade finance services.
- Mobile banking: RBB has a mobile banking app that allows customers to perform various banking transactions using their mobile phones. This includes services such as checking account balances, making transfers, and paying bills.
- Internet banking: RBB provides Internet banking services that allow customers to access their accounts online and perform various banking transactions from the comfort of their homes or offices.
- SMS banking: RBB also provides SMS banking services that allow customers to receive account-related information on their mobile phones via text messages.
- Debit cards: RBB provides debit cards that can be used at ATMs and for making purchases at various merchant establishments.
Overall, Rastriya Banijya Bank provides a comprehensive range of financial products and services to meet the needs of its customers in Nepal and is a key player in the country's banking sector.
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