Kankai Bikas Bank Limited is registered at "Company Register Office" under  Company act 2063 and is licensed by Nepal Rastra Bank under banking and financial act 2063 as  'B' class bikas bank.The bank started its operation since 2064 Baisakh 20. The bank is promoted by a group of experienced and highly motivated individuals from all groups. The promoters include; professional bankers, Doctors,Entrepreneurs, Educationalists and Technocrats. Besides, more number of promoters includes from damak muncipality.

The bank's central office is located in Damak muncipality, jhapa,the eastern part of Nepal. At present the banks working area is  Jhapa & Morang districts. The bank is committed to ease the banking procedures to  the customers through its quality services. Since the bank is located in the rural areas, it is dedicated  to serve those people who are deprived of banking facilities with simple but modernized banking system.Its gaining the popularity for quick simple banking.