Siddhartha Bank Limited announces the consolidation of seven branch offices across Kathmandu, Lalitpur, and Pokhara

3rd July 2026, Kathmandu

Siddhartha Bank Limited has officially announced the consolidation of seven regional branch offices operating across major urban hubs, including the Kathmandu Valley and Pokhara.

Siddhartha Bank Branch Consolidation

This strategic move is introduced as a central component of the bank’s network optimization program.

The restructuring strategy focuses on merging specific close-proximity branch networks to minimize overhead expenses and enhance resource efficiency. The commercial banking entity aims to streamline its customer touchpoints into larger, comprehensive service centers.

DETAILED BRANCH CONSOLIDATION MAPPING

The localized restructuring layout targets distinct branch systems located within three primary municipalities. The precise physical reallocations are organized across the following provincial zones:

• Kathmandu Valley Mergers: The Kalopul Branch will be permanently absorbed into the existing Chabahil Branch. Concurrently, the Kuleshwor Branch will integrate into the Kalimati Branch, and the Nardevi Branch will transfer its operations into the Putalisadak Branch.
• Lalitpur District Relocation: The local Jawalakhel Branch is scheduled to be fully integrated into the existing B and B Branch network to create a unified financial hub for area residents.
• Pokhara Municipal Mergers: Both the Chipledhunga Branch and the Buddha Chowk Branch will combine their structural workflows into the centralized Pokhara Sabhagriha Branch. In another pocket of the city, the Bagar Branch will be consolidated into the Parsyang Branch.

The management team noted that integrated financial operations from all the consolidated locations will officially commence from Shrawan 1, 2083, which aligns with mid-July 2026. This timeline ensures that all automated data lines and customer accounts transfer smoothly without causing systemic downtime.

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URGENT NOTICE REGARDING LOCKER FACILITIES

The central management office has issued an explicit administrative guideline targeting retail customers who maintain active safe deposit lockers at the affected branches. Because physical locker structures must be physically relocated to the receiving branches, consumers must manage their stored valuables beforehand:

• Removal of Fragile Items: Vault holders are requested to visit their respective branches to remove any highly fragile, breakable, or delicate items from their lockers.
• Deadlines for Access: All locker clearances and necessary verification processes must be completed by the closing hours of Asar 26, 2083.
• Security Assurances: The bank has mobilized dedicated logistics teams to ensure the physical infrastructure move adheres to maximum security standards.

Account configurations, checkbook systems, and automated debit card functionalities will transfer automatically to the receiving branches, requiring zero mandatory paperwork from regular savers.

ENHANCING FINANCIAL STABILITY AND OPERATION SCALE

Siddhartha Bank Limited continues to stand as a premier commercial institution within Nepal, utilizing technology-driven services to reach retail and corporate clients. Financial analysts note that optimization efforts help banks lower redundant administrative costs in overlapping markets.

By consolidating smaller branches into larger institutional houses, the organization can deploy a higher volume of loan officers and specialized relationship managers under one roof. This structure enables faster credit processing and allows the firm to invest heavily in advanced mobile banking features.

The bank reiterated its long-term commitment to maintaining robust financial health while offering convenient, safe, and customer-centric products. The unified regional offices are being upgraded with modern service counters to manage the anticipated influx of consolidated consumer traffic effectively.

For More: Siddhartha Bank Branch Consolidation