GBBL honored with ‘Best Bank in Asset Quality’ award

KATHMANDU: Garima Bikas Bank Limited (GBBL) has been honored with the ‘Best Bank in Asset Quality’ award at the 2nd Emerging Asia Banking Conclave and Awards organized by the Indian Chamber of Commerce in New Delhi, India.

The competition saw participation from banks and financial institutions across BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) member countries, including Nepal, India, Bangladesh, Sri Lanka, Bhutan, and Myanmar.

Garima Bikas Bank received the award for its exceptional quality in credit and other investments, which the bank believes indicates both the high quality and security of its loans and investments.

The event was attended by Mr. Madhav Prasad Upadhyaya, CEO of Garima Bikas Bank, and Mr. Nakul Paudel, Head of the Transaction Banking Unit.

During the event, Mr. Upadhyaya also participated as a speaker in a panel discussion on “Driving Efficiencies Across the Value Chain,” representing the Development Bankers Association, Nepal. In his remarks, he discussed Nepal’s banking landscape, the use of technology in banking, and the challenges ahead.

Other notable speakers included Mr. Dorji Kadin, CEO of the Bank of Bhutan, Mr. Rajiv Ranjan Prasad, Chief General Manager of the State Bank of India, and Mr. Sunil Pandit, Vice President and Head of South Asia Business at Newgen Software Technologies Pvt. Ltd.

The conclave also featured speakers such as the Deputy Governor of the Central Bank of Sri Lanka and the Executive Director of the Central Bank of Bangladesh.

Garima Bikas Bank Limited, headquartered in Lazimpat, Kathmandu, provides services through 123 branch offices, 22 of which are within the Kathmandu Valley, one extension counter, and 50 ATMs across the country.