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. Currently Bank is providing financial services to five different districts of eastern region i.e Jhapa, Morang,Sunsari, Ilam, & Panchthar.