Update: The bank merged with Mahalaxmi Finance Limited and Siddhartha Finance Limited in 2016. It operates as Mahalaxmi Bikas Bank Limited now.

Established as a Category ‘B’ financial institution licensed by Nepal Rastra Bank, Malika Vikas Bank Limited (MVBL) started its operation since November 10, 1999. The bank is promoted by intellectual and experienced promoters coming from diverse professional backgrounds. The bank, in short period of time, has grown into a pioneer Development Bank of Far Western part of the country in the process of upgrading itself in the national level in the near future with its branch offices at Dhangadhi, Mahendranagar, Tikapur, Lamki, Bouniya, Belauri, Dadeldhura, Doti, Mangalsen, Sanfebagar, Butwal, Basgadhi, Nepalgun, Lamahi and Tulsipur.

The bank with its head office at Dhangadhi in Kailali district aims to make its services accessible to more and more people to enhance their livelihood and hence, increase the gross domestic product of the nation. Established with the mission of providing quality banking services with enhanced customer orientation, it considers higher value creation for stakeholders and continuing as a responsive corporate social citizen by embracing team spirit, progressive technology and good corporate governance, considers providing promising modern financial services to its customers through continuous innovation of products and services, providing attractive return on investments to its promoters and shareholders, providing healthy physical and emotional work environment for its employees to learn, serve and for promising growth and becoming a leading bank in Nepal by providing modern financial services to its customers and superior value to its shareholders as its major objectives.

The bank was established with the Authorize Capital of eight hundred million, Issued Capital of 210 million and Paid-Up Capital of 204.82 million. About seventy percent of the shares lay in the hands of the promoters while the general public only get thirty percent of the shares to control. The bank has designed its products and services according to the banking needs of the customers. Some of the account services provided by the banks are Malika Saving Account, Malika Special Saving, Malika Super Saving, Malika Grihalaxmi Bachat Yojana, Malika Bidhyarthi Bachat Yojana, Malika Barista Nagarik Bachat Yojana, Malika Fixed Deposits Schemes, Malika Sambridhdi Bachat, Malika Children’s Bachat and Malika Shareholder’s Saving under its saving and deposit account schemes and Fixed Capital Loan, Working Capital Loan, Trading Loan, Hire-Purchase Loan, Contract Loan, Loan Against own FD Receipt, Livestock Loan, Consortium Financing, Project Loan, Housing Loan, Education Loan, Foreign Employment Loan, Personal Loan and Agricultural Loan under its lending services. Beside these services, the bank also has extensive branch an ATM network for the convenience of its customers. ATM, Any Branch banking Services (ABBS) and Remittance are some of the other services provided by Malika Vikas Bank Limited.

The bank merged with Mahalaxmi Finance Limited and Siddhartha Finance Limited in 2016. It operates as Mahalaxmi Bikas Bank Limited now.