In pursuit of a long-term goal of making families financially independent and encouraging local businesses to grow, the KL Dugar group inaugurated a banking and financial services wing.
With an objective to extend modern banking services in Nepal, Kumari Bank Ltd. came into operations in 2001 becoming one of the first fifteen commercial banks in the country’s financial market. Under the leadership of Mr. Naresh Dugar, KL Dugar’s Vice- chairman and the Director of the Bank, the sector continues to flourish.
In 2007 in the growing financial market of Nepal, the need for simplifying banking services arose. That’s when Prime Commercial Bank Ltd. was founded as the 21st commercial bank in the country. Established by prominent business personnel and professionals from diverse backgrounds the objective was to extend the mission ‘Banking Services to Everyone’ in the country.
Furthermore, when it comes to establishing socio-economic benefits for the nation, the KL Dugar group continues to be ahead of the curve. The group is an active promoter of both Nepal Re – Insurance Co. Ltd. and Himalayan Life Insurance Ltd.