Garima Development Bank Limited opened its 127th branch office in Baluwatar, Kathmandu Metropolitan City-3, on Wednesday, inaugurating the new location at the bank’s own building that houses its central office as the institution began its 19th year of operations. The opening ceremony was chaired by bank chairman Dilip Pratap Khan, and the executive director of Nepal Rastra Bank’s Financial Institution Supervision Department was present.
New branch at the bank’s central office building
The new office is located in Baluwatar, within Kathmandu Metropolitan City-3. It is based in the building owned by Garima Development Bank that also houses the bank’s central office. With the branch opening, the bank’s total network has reached 127 branches.
The location gives the opening a direct connection to the bank’s head-office premises: the new branch and central office are housed in the same building. The bank inaugurated the office as it entered its 19th year of operations, bringing together a branch-network milestone and the start of a new year in its operating history.
The announcement identifies the Baluwatar location as the bank’s 127th branch office. It does not provide further details about the branch’s services, staffing or operating hours. The confirmed information is that the office has been opened in the bank’s own building in Kathmandu Metropolitan City-3.
Ceremony chaired by bank chairman
Chairman Dilip Pratap Khan presided over the inauguration ceremony. The executive director of Nepal Rastra Bank’s Financial Institution Supervision Department was also present. The department is identified in connection with the official’s attendance; no further statement or remarks from the official were included in the information about the event.
The ceremony marked the formal opening of the Baluwatar office. The bank’s announcement places the inauguration on Wednesday, but does not give a more specific time for the event. It also does not identify additional participants or provide details of any speeches delivered at the ceremony.
A milestone as the bank begins its 19th year
The branch opening raises Garima Development Bank’s network count to 127 and coincides with the start of its 19th year of operations. Those are the two institutional milestones associated with the inauguration: the addition of the Baluwatar office to the bank’s branch network and the beginning of another year in the bank’s operating history.
The bank has not provided further information about plans for additional branches or changes to its network following the opening. For now, the confirmed development is the inauguration of the 127th branch at Baluwatar, at the bank-owned premises shared with its central office. The ceremony was led by Khan, with a senior representative of Nepal Rastra Bank’s Financial Institution Supervision Department in attendance.
