FINANCIAL ANALYSIS OF NEPAL INVESTMENT BANK LTD. A Project Work Report By Sarita Pokharel TU Rega. No.: 7-2-302-533-2014 Symbol No5300075 Southwestem State College Group: Finance Submitted to The Faculty of Management Tribhuvan University Kathmandu In partial fulfillment ofthe requirements forthe Degree of BACHELOR OF BUSINESS STUDIES (BBS) KATHMANDU, NEPAL May, 2019DECLARATION ereby declare thatthe project work the ened “Financial Amalysis of Nepal Hovestment Bank Ltd” submited to the faculty of management, Tribhuvan ‘University, Kathmando isan orignal piece of Work under the supervbion of Rakee ‘Shan, ficulty’ member, Southwestern State College, Basundhara, Kathinandu and submitted in partial flfillment of the requirements for the award ef the degree of Bachelor of Business Studies (B, B.S.) This project work repor has not been submitted to any other university or institution for the award of any desree oF diploma. Serta Pokharel “LU, Reg, No. 7-2-302-533-2014 Exam Roll No: 5300075fouthwestern guzezss | State College, Kathmandu _ 7 | Een Supervisor's Recommendation project work report eniled FINANCIAL ANALYSIS OF NEPAL INVESTMENT ETD. submitied by Sata Pokkharel of Southwestem State College, Basundhars, Mr su, prepared under my supervision as per the procedure and format requirement Wit Foculy of Management, Tribhuvan University, 35 partial fulfillment of the resuirernet epee of Bachelor of Busines Stulies (BBS), 1, therefore, recommend the project wrk for evaluation 076/9/21uthwest fate College, Kz Endorsement fe hereby endorse the project work report entitled FINANCIAL ANALYSIS OF NEPAL ESTMENT BANK LD. submitted by Sarita Pokharel of Southwestern State Colles rndhara, Kathmandu, in partial fulfillment ofthe requirement for the degree ofthe Bachel siness Studies (BBS) for external evaluation Dr. Rajendra KC Campus Chet Date: 267¢}212) rman, Research Committee £2076) 2|2ACKNOWLEDGEMENT This project work entitled “Financial Analysis of Nepal lavertment Bank Ltd” has been prepared for partial fulfillment of the requirement of the Backlor of Business Studies (B.B.S) express my sincere honor and special sense of gratitude to my academic supervisor Rakhee Shab, faculty member of Southwestern Siate College for his generous guidance, thoughtful encouragement and brilliant insight throughout this rescarch work 1 wish to express: my sineere gratitude to Campus Chief Dr. Rajendra KC, Program Director Tikaram Mahara Head of Research Department Santosh Ghimire and all Tecturers for their valuable advice, suggestion and co-operation to carry out this project work. I would also like to thanks all the administrative staff of Southwestern ‘State College, Basundhara, Kathmandu. 1 am thankful to all my family members who provided regular inspiration and continuous contribution for the completion of this project work, Lastly, I would like fo thanks to my friends who inspire and support me throughout the study period Sarita Pokharel ‘TU. Reg. No, 7-2-302-533-2014TABLE OF CONTENTS Title Page. Declaration Supervisor's Recommendation. Endorsement. Acknowledgements Table of Contents: List of Table List of Figures. Abbreviations CHAPTER-I INTRODUCTION. 1.1 Background ....., 1.2 Introduction of NIBL.... 1.3 Objectives..... 1.4 Rationale of the study.. 1.5 Review of Literature... 1.6 Method of the stud; 1.6.1 Population and Sample.......e0.... eae. 7 1.6.2 Types of Data... 1.6.3 Data Collection Procedure... 1.64 Instrument...... 1.6.5 Technique and Analysis. 1.7 Limitations of the study..CHAPTER-II RESULTS AND ANALYSIS... 2.1 Population and Sample, 2.2Major findings... CHAPTER-III SUMMARY AND CONCLUSION.. 3.1 Summary. 3.2 Conclusion... BIBLOGRAPHY.LIST OF TABLES ‘Table: | Current Ratio Toble: 2 Cash and Bank Balance to Current Assets Ratio, Table: 3 Loan and Advance to Current Assets, Table: 4 Fixed Deposit to Total Deposit, Table: 5 Saving Deposit to Total Deposit Table: 6 Cash and Bank Balance to Total Deposit (RR)... Table: 7 Total Deposit to Sharcholder’s Equity Rati. Table: 8 Total Debt to Total Assets Ratio, Table: 9 Total Shareholder’s Equity to Total Assets Ratio. Table: 10 Net Profit to Total Asset Ratio (ROA)...LIST oF FI #1 Current Ratio, and Bat to Current Assets Ratio, Figure: 2C Figure: 3 Loan and Advance to Current Assets. Figure: 4 Fixed Deposit to Total Deposit Figure: § Saving Deposit to Total Deposit. Figure: 6 Cash and Bank Balance to Total Deposit (CRR). Figure: 7 Total Deposit to Shareholder’s Equity R. Figure: 8 Total Debt to Total Assets Ratio. Figure: 9 Total Shareholder's Equity to Total Assets Ratio, Figure: 10 Net Profit to Total Asset Ratio (ROA).ABBREVIATIONS Percentage ‘Anno Domini Current Ratio Dividend Per Share Earning per Share Industrial Development Center Nepal Investment Bank Ltd Limited Fiscal Year Loan and Advani Company Current AssetsChapter-t INTRODUCTION Background of the Study Financial analysis i the process of identifying the ‘nancial strength and Finwges of the eoncemed bank. It is the process of finding sirengih snd veakness of the concerned bank. It is the process of finding details aecounti0g jement, It is performed to determine the ability position of an organization. The 1¢ fund and deficit that formation given in the financial stat fiquidity, solvency, efficiency and profit pank acts as bridge between surplus units or who save th use the capital Financial analysis is a process of synthesi cperative data with a view to getting an insight into the operative activ TSS ofa aermes encrpise, By establishing strategic relationships between the components of the balance sheet and profit and loss aecount and other Op=AN TE caer unveils the meaning and significance ofthe various items embodied in the Financia statement. Banks are the financial intermediates, which accept dsPo%t aavnt of and provide debt pubic and organization. Bank are whose financil armtmutons that offer the widest range financial services and perform the widest range of financial functions of any business firm in the economy. financial inatitution plays an important role in accelerating development of the county imspilize saving and make investment in different enterprises of the national Ceonamic that consequently help in reducing poverty, rising employment 1d thereby developing the society and country as a whole, is and summarization of financial and ‘opportunities an Origin and Development of Banking in Nepal ‘The growth of banking in Nepal is not so tong in comparing with other developing or development countries. The history of banking in Nepal is believed to be cared from the time of Prime Minister Ranoddip Singh in 1877 A.D. he introduced many financial and economic reforms. The Tejaratha Adda was ceubliched at that time and its basic purpose was to provide credit facilities to the general public at avery concessional interest rate. The Tejarath ‘Adda disbursed tredit to the people onthe basis of collateral of gold and silver. All employees of government were also eligible for this type of loan, which was seitled by deducting from ther salary. Tejaratha Adda extended credit only it did not acsept deposits from the public.12) 13) But the real banking started with the establishment of Nepal bank limited in 1994 B.S which was founded by Judda Samsher, It was the first bank of Nepal. Its ‘main function was to provide loans and accept deposits, Later Nepal Rastra Bank ‘was established as @ central bank in 2013 B'S, The bank was completely Zovernment ownership bank and it also started to issues notes since 2016 B.S. Then after, several commercial banks have been established in the recent years of Nepal Investment Bank itd. Introdueti Nepal Investment bank Ltd (NIBL) was established in 1986. Previously, it was Known as Nepal Indosuez Bank Ltd It was established as a joint venture between Nepalese and French Partners. The French partner (holding 50% of the capital of NIBL) was eredit Agricole Indosuez, a subsidiary one of the largest banking, r0up in the world With the decision of Agricole Indosuezto divest, a group of companies comprising of bankers, profesional, industrialists and businessman has acquired con April 2002 the 50% share holding of credit Agricole Indosuez in Nepal Indosuez Bank Ltd. The name of the bank has been changed to Nepal Investment Bank Ltd, upon approval of bank's Annual General Meeting, Nepal Restra Bank and company Register's Office with the following shareholding structures: > A group of companies holding 50% of the capital > Rastriya Banijya Bank 15% of the capita > Rastiya Bema Sansthan 15% of the capital > The remaining 20% being held by the general public, Objectives Commercial banks accept the deposits for further uses and the increment in amounts and in other hand it provides loan or eredit to people and organization to develop the performance ofthe future structural plan in effective and efficiency way. It is no doubt that the role of commercial banks os significant in the development of the country. Therefore, the main objective of the study is a to analyze, examine and interpret the financial performance of NIBL. Beside these the following objective ofthe study has enlightened the progress and efficiency of the bank. > To analyze the financial performance of NIBL. > To analyze the liquidity ratio, profitability ratio and ownership ratio of the bank.1.4) Rationale of the Study This study attempted to evaluate the financial performance of NIBL by using Yarious financial tools such as financial ratios, This study is valuable Shatsolder, stockbrokers, management of the banks depositors, perspetive customers, investor and other policy making bodies which are concerned wit apna business Especily shareholder will have beon intrest in Tow these banks are performing whether their fund was bette utilized or not. In terms 0} profitability, safety and liquidity all investor will be intrested in the performance of the banks. This study also attempts to recommend some suggestions for improvement in financial performance aspects Review of literature iterature isthe consideration about the previous study, published news, research reports and other reference books which can provide the new idea, methodology and Findings. Review of literature is a erueial part of all studies. It helps to find out already discovered things. The study about the previous research and make Summary about the relevant topic is the literature review. The review of literature accomplishes the following functions; it establishes a point of departure for future research. It avoids needless duplication of costly research effort. It reveals areas of needed research. The primary purpose of literature is to leam and. it helps researcher to find out what research studies have been conducted in one’s chosen field of study, and what remains to be done. For review study, the rescarcher uses different books, reports, journals and research studies published by various institutions, unpublished dissertations submitted by master level students have been reviewed. It is divided into two headings: Conceptual review Review of related works». Cash and Bank Balance to Total Deposit Ratio 1 indicates the proportion of total deposits held as most liquid assets optimum ratio shows the strong liquidity position of the bank. This ratio is computed by dividing cash and bank balance by total deposits as follows: it Ratio = £2S# & Bank Balance Cash & Bank Balance to Total Deposit Ratio = Total Deposit Leverage Ratio Leverage Ratios are used to judge the long term financial position of the firm. Itevaluates the financial risk of long term creditor. Greater the proportion ofthe owners’ capital in the capital structure lesser will be the financial risk borne by supplier of credit funds,Percent I liabilities CAUSE it magni Fea thelr esscis tnmnced by creditors. Total dept Fageae rldere hel owners. ote, hhand, ean IGS SAIN sh the retum on cockheasee mo Is computed by dividing, ued by dividing total depp by total acts as follows PePt Asset Ratio = Total Debs Total Assets b. Dept Equity Ratio bank. Dept equity ratio measures the relative ASSetS OF the bank ou and intem; business. This ratios indicates the tsiders funds and shareholders’ funds which al equities. It is calcul and equity ice ‘ternal inancing in the are sometime called as ¢ lated to measure the extent of dept fi The ratio is computed by dividing tota dept by shareholder's equity a follows: Debt Equity Ratio Total debt shareholder's Equity Ratio This ratio measures the effic; how effectively a firm is may rations or turnover rations or.a. Loans and Advances to Total Deposit Ratio This ratio measures the extent to which the banks are successful to mobilize their total deposit on loan and advances. Loan and advances consist of loans, advances, eash credit overdrafts and foreign bills purchased and discounted. This ratio is obtained by dividing {otal loans and advances by total deposit as follow: Loans and Advance to total Deposit = —L0a"s and advances nee “Total Deposit >. Loans and advances to fixed Deposit Ratio This ratio indicates what proportion of fixed deposit has been used for loans and advances. AS fixed deposit carry high rate of interest fund so collected need to be in such sectors which yield at least sufficient return to meet the obligations. This ratio is computed by dividing loan and advances by fixed deposit liabilities as follows: Loans and Advances Loan and Advance to fixed Deposi nl ixed deposit C. Loans and advances to saving Deposit Ratio Loans and advances to saving deposit ratio measures what extent of saving deposit has been turned over to loans and advances. Loans and Advances Loans and Advance to saving Deposit Saving Deposit Earning performance Ratio ss per share (EPS) Apart from rate of retune, the profitability of a firm form the point of view of the ordinary shareholders is the Earning per share (EPS). This ratio is calculated by dividing total caring available to the common shareholders by number of equity share outstanding as follows: Earning Available to Common Shareholders Li No.of Equity Shares Outstanding»- Dividend per share (pps) Net profit after prefe whole earning is not Earning paid to Shareholders °F Equity Shares Outstanding ¢ Dividend Py Out Ratio (ppp This ratio measures the rela and dividend aa tectlomship between the eaming related to equity shareholders sinroholers. The shercholdas pee, PEEMGGE of exng sited ote vie ers prefer higher Dp lis ratio is calculated by dividin; dividend per share by earn 1B Pe shares follows. nai ed ppp = Dividend per Share Earning Per Share d. Price Earning P/E Ratio pyp = Market Value Per Share _ Earning Per Share 1.7) Limitation of the Study. In the Nepalese context, data availability is the major problem for any purpose handling management or due to the that may be because of the poor document Wretched response from the concerned people when asked for any information, imply a partial requirement of BBS program and the limitati This study is faced while doing this study are as follo > This study based on joint venture bank, > This study based on primary and secondary data, > Study is based on data of five fiscal years period. | > Some of the statistical as well as financial tools of comparison shall be used in the study.CHAPTER. RESULTS AND ANALYsis This chapter consists the prose ° "on oem various financial ang ‘Statistic : x 'eal tools. This cho Postion OC NEL ati on " @l data and analysis them with the help of er has presented the analysis of financial in Nepal. Similarly, the liquidity ratio, capital structure ratios, activity BY GE Gaon caring performance ratios are the Liquidity Ratio Current Ratio The current ratio is a measure of the fi the company is capable to paying baci enough current assets to pay out cur itmis shot-term solvency. That's to say it shows if all its current liabilit if the company has reuse irrent lial CR. is taken 2:1 as standard. It is calculated as: Table -1 Current Ratio in Million) [Year Current assets (Current abilities (times) 2012/13] 8972.8 8518.6 1.05 2013/14 132141 1374.0 1.05 2014715 162804 15071.0 108 2015716 213886 19766.647 1.08 2016/17 24567.8 22523.54 Average4 Current assets Current labiities 10 2016/17 is general the bank is able to mect its short term obligations, Therefore the above current ratio anal lysis of the bank over the 5 year period indicates that the bank has sound liquidity posit ion,The ratio shows the apy unanticipated calle radia readily available funds. yay balance by current dep, lance ratio indicates the percentage of Saleulated by dividing cash and bank Table 2 Tent Assets Ratio, (Rs. in Million) Cash & Bank Balanes (Current Assets Ratio @) 89728 10.32 10.40, [68 T3241 sas 1340.48 162804 Te ioe [Sense 213886 10.92 [at ae 8 1145 Average 10.26 (Sources: Annual Repor oi oTaB TAT # Nepal Investient Bank Tom FY 013/13 wo 30T6TI 7 Figure- 2 ‘= Cash& Bank Balance | Current Assets The above table shows that cash and bank balance to current assets ratio of the bank varies from maximum of 11.45% in the year 2016/17 to the mi cn 8.23 percent, in the year 2014/15. The analysis indicates that ratio is in fluctuating trend.Loan and Advance 1 Guy, 16 ent Assy ti Inthe conned ae a the main sets used a source of income rm aed aE eee ae loans and advancae invested ion of current assets, which are I Pe icome forthe ya is express The loan and advan, Table-3 Loan (Rs. in Million) Assets | Ratio) | { eer oo Current Assets mae | 2012713) 5921-79 [e572 Soe 2013714 amare 797.4 ae | 2014/15 10453. Pez a | 2015/16 1317815 eiste as 2 | 20r6n7 1769.17 Ea ‘Average recs: ANd) REEGERERE 7)Loan and Advance Current Assets The above table Shows the NIB ial advance to cur varies form minimum 061.61 jn th ¥€ Year 2015/16 then in i in the year 2016/17. After that the Tatio is slightly increasin ent assets, Ratio of the bank increased and reach at 72.32% 1B and less declining. Thus theFixed Deposit £0 Total p Fixed deposit is high j : greater the proportions, of aed sean on a CO ee Te dey ‘a ‘the proportion of current or short- POsis whieh eens respect 10 the total deposi 9 Rod'out the proportion of fixed deposit with : rawn only after its maturity. The © lesser wil) The xed depos 1 fal dopo op 4 ‘Nepal Investment Bank is es 1: Table 4 a is presented bel Fixed Deposit to Total Denoe, Cea (Rs Million) Year [cree j 2012/13 eG etoaDe rae oy] S01sa 1672.8 1922.77 2.1 1 L 2a, TIS2k68 “i981 | | 2oraiis 32123) 1425457 23 | [2015716 S430 =| 18927,31 28.60 | 2016/17 7516.62 2488.86 30.09 | {a Average. = cee) (Sources: Annual Report of Nepal Investment Bank from FY 2012/13 to 2016/17) ‘Total Deposit The above table shows is that it has lower fixed bank implying lower Iisaving Deposit to 1, 5 Al Deposit saving posit stand mig os freely Withdrawal ayo current ay tal deposit Which is shay POSE ia cand deposits, These deposit are not ’ shorter and inne ca tlsted in onder find out the proportion Table -5 St bearing (Rs. in Million) 2012/13, Ratio @) 2013/14 _ Ra 2015716 T5457 2016/17 ane 1892737 i 2448.36 ‘Saving Deposit Total Depositcash and Bank B; nis ratio shows the ye bank. The eas funtries has been year 2012/13 to 11.48 ‘Slow ie. it was inet incomeage Ratio pee © Shareholder po jot! , st ot HON indies editor ahd those provigey et abilities Pls the ya eof FINAN Tevergge 2 Rava cbt 0 shareholders egy joble-7 1 Debt 10 Shareholders2 ove a eb to Shareholders Ea rote fers Equity wot Bett \ seshreaidertaoty | \ 1 of the banks varies FOF raximor oF ais with fof 13.07 mes in DE IEA 20 ‘that debt 10. eaity ati 2013/4, othe minima during the study pe ‘ove table Shows: 13.40 times outside funds by og debts 10 PE ay Debt to Total Asset asctsis financed pein the 5 eg pank’s s0ceess cateutated 8 10: @as.in Million)“Total Shareholders SH Tout Aseis roti then the ater Sige OF the tidy pero, pial alequacy, NIBL's “hat an aval EE A ing ene re the later. The analysis ee. 1s financed through equity cal and the remaining from debt capita, {N2EY Postion is good in the beginning 1 in relation t0 cathe above table shows that debt to total asset ratio of the bank varies form maximum of 96.42% in the year 2016/17 To the minimum of 92.89% in the year of 2014/15 with the ;verage of 94.08% during the study period. Its in increasing trend [otal Shareholders? equity to Total Assets Ratio ommereial banks need 10 maintain a sufficient % of amount of total assets a ety nth Equity this ratio is concerned with the sufficiency of the former “pt the later. This ratio exhibits the relationship between shareholder fund and owners itl. This the share ofsharcholders on the total asses, Iis calculated as: quble-9 jnarcholders’ equity to Total Assets Ratio (Rs. in Million) Ratio (7) Total SI Shareholder’s equity Total Assets 638.54 729.04 1180.17 1415.94 1877.00 ‘Average ‘Sources Annual Report of Nepal Investment Bank from FY 2012/13 to 2016/17)Ez Profitability Ratio. Net Fron ee ere rhe ratio measures the Pro ot profi 10 total assets yy prone ee MNOOFNIBL is presemed below. rable -10 Net Profit t0 Total Assets Ratio (Rs, in Million) [Toa Assets Rao | 4 iecumeet a 16598 [ 13 ee ma | 208 nel Wr Tas | ANenige (Gources: Annual Report of Nepal Investment Bank from FY 2012113 10 201617)Figure -10 Net Profitto Profit Total Assets Ratio (ROA) ps0 | 2012/43 2013/14 2024/15 2IS)i6 2036/17 AwerRe se above table shows that ROA of NIBL ares fam 1.1310 ma of 1.77 with 43% ding the petod of sty. The analysis indicts that he Wank YO ‘generate surplus by ung assets eiienty tpeen able 102.2 Major Fingi ndings, a ly inerea ae sing and less dec! ue tore OFleaa desing hanes ne Ths ie stove aay shows hat he sects tothe comets astsits hewang Sshnensn 2012/13 to 47.03% in the year 2014/15. It s y postion is better in the in the year 201: ows. ; 15. Ie shows liquidity position is beter i Z| } NIBL's cash reserve ratio decreased from 11.69% in the year 2017 " 2113 to 11.48% in the year 2016/17 indicates that the investment of the fund is low ie, it was increasing holding more cash and not mobilizing more deposits in income generate ase > The debt to total asset rato of the bank varies from mast of 96.42 in the year 50 16{17 to the minimum of 92.8% in the year 2014/15 swith the average of 94.08% during the study period it is in increasing trend. ‘The NIBL's capital adequacy position is good in the beginning year then the later taee or the tudy period, Thus in raion 1 eta) aaequacy NIE ea meeeE | i factory in the begining yea ONS Tater, The analysis indicates that OY average of 6.67% of = a & a sy finanet sty ania and te semaine FT CN capita. x ne oe 4,77 with an average of |. 43% during, the period of varies from 1113 (0) maxtahaT) of study.a 3.1 Summary SUMMARY a\ AAs ment on eae fulfill its obj ie Caer at ty concurs on ratio analysis ag fj ieee = coin ne Granta a “search methodolo, Pa eras" mss comin aa eee wh iis ont fh compoon tn on ai poston an omen yo Wetting in hea The Ce ier this stu To his iy position leverage pan 8 Postion, profes Uhe study reveals thatthe carga ty Pest Fen ratio of ition, ithas been able to teat te bank over tee 5 year per a MMe Tsh6e erm obligation and i serra ites 's sound inthis iquidity i iit position ling long t resource mobilization of loara NID has alized more afte ‘sk, AS regard o increase tk Prfibily IDL is very capable pope f ater sources is ies in NIB Sn, rim on nt oh to ihr Tbr is ly using its owner's resources. NIBL. is following sound policy to minimizing its operating cost. Similarly, itis payin = iL is paying more dividends to shareholders pri also better in NIBL, ei Faia g aie iron jem oes and a em esis eter n NIBL- Asean he advance to deposit ratios naverae of 0.2 7e-Thes 4an6Wr The EPS represent the amount earned on behalf of each oustanding common stock. The analysis indicates that the EPS of NIBL is good. DPS is calculated know the proportion of the earnings distributed to shareholders per share. The result of DPS is increasing. Dividend payout ratio represents the percentage of the profits distributed as dividend and the percentage retained as revenve and surplus forthe grows of the bank. The result of analysis of DPR is inereasing overall; the ownership ratio ofthe bank good 3.2 Conelusion «ofthe study is selevted NIBL which sone ofthe wowing bank in Nel. NEY ate over this period, It has, ‘been able to increase its ‘All the financial go shown outstanding growth. All the ‘cessful. Interest ineome isthe main {681.79 (million for the fiscal year to the some period in previous the last five year shows & The has been maintaining a steady growth customer's base manifold and has a petformance of NIBL shows that NBL Nes been su source of income. NIBL eamed net incom: of Re. 6 S117 and this comes to be 28.09% mors Sain E Fiscal year 2015/16 The Bani financial. perfor i i. cominuousyinerease ints net PTONNIBL eamed ney this COMES tobe SO. oon 33 (nition 2015716, A89 esut he en OND oe? eS 2016/17 ana shate fo shareholders which ag Ui 20% Tieng te Pe cal ear Holders whieh ns wae vend and seg ia the ee a sed substanty operating Profit, total depoey : at S85, sharcholder cane over the study period, 0a invesmeg it aRer tax of of diversification, he ever so growing competiti r on, locally and globally, has imposed big threat tothe bank so it has to introduce new and feasible innovati io that can attract a huge number of customers, along with constant performance in satisfying its customers ever so well. NIBL should focus on to provide banking facilities in rural areas,Aches Cate : PANT LO" of trance oy venture b e imp eel eb bank ea ei NOE ad erties a dose: bark imied. An lssertation. 4 Josh A889) 4 else a) Inala performance of commer, Mase’ eee desenan Kae ae POM el, vp Giri, P. (2012), SWOT Anal, nf erro ome commerce bn reference to NABIL, HBL ana SCB. a An unpolished master's depree thesis, tanker Dev campus Kathmandu T-, ‘ Singh, R: 2014). 4 Study of CAMEL Anal ‘18 of Commercial Banks, New Business Age September, Kathmandu. Vol, No, 7. Pandey, I.m., 1992). Financial Management, New Del hi: (DB. 2003) Vikas Poblishing House Pvt, Ltd, Thapa, G.B. (1994). Financial system of Nepal, Kathmandu: Development Vision, Patan Multiple Campus. Booklets, periodicals and journals. > NIBL, Annual Report, Durbar Marg NIBL Bank Lid. ¢ Websites 3 www.nibleom.np swww.nrb,org.np