Nepal SBI Bank Ltd. (NSBL) is a subsidiary of State Bank of India (SBI) having 55 percent of ownership. The local partner viz. Employee Provident Fund holds 15% equity and General Public 30%. In terms of the Technical Services Agreement between SBI and the NSBL, the former provides management support to the bank through its expatriate officers including Managing Director who is also the CEO of the Bank. Central Management Committee (CENMAC), consisting of the Managing Director & CEO, Dy. CEO & Chief Financial Officer, Chief Operating Officer, Two Senior Most AGMs, exercises overall control functions with the help of controlling offices, and oversee the overall operations of the Bank.NSBL was established in July 1993 and has emerged as one of the leading banks of Nepal, with 977 skilled and dedicated Nepalese employees (as on 13.04.2021) working in a total of 116 outlets that include 88 full-fledged branches, 19 extension counters, 7 Province offices, 1 Intouch Outlet and Corporate Office .