Nepal Rastra Bank Announces Transfer and Appointment of 11 Executive Directors

Kathmandu -Nepal Rastra Bank (NRB) has announced the transfer and appointment of 11 executive directors, following a decision made by Governor Biswo Nath Poudel on November 3. The new assignments are set to be implemented starting tomorrow.

According to the official notification, Revati Prasad Nepal, previously serving in the Foreign Exchange Management Department, has been transferred to the Department of Property and Services Management. Ramu Paudel, formerly in the Currency Management Department, will now take charge of the Bank and Financial Institutions Regulation Department.

Similarly, Rajan Bikram Thapa, previously associated with the Governor’s Office, has been assigned to the Institutional Planning and Risk Management Department. Vishrut Thapa from the Human Resource Management Department will now serve in the Financial Institutions Supervision Department, while Anuj Dahal from Institutional Planning and Risk Management has been appointed to the Currency Management Department. Daya Ram Sharma, who was in the Monetary Management Department, will now work in the Governor’s Office. Meanwhile, Dr. Dilli Ram Pokhrel from the Banking Department has been moved to the Monetary Management Department.

Other notable changes include Guru Prasad Paudel from the Bank and Financial Institutions Regulation Department being assigned to the Human Resource Management Department. Kiran Pandit from the Payment Systems Department will now head the Foreign Exchange Management Department. Dr. Satyendra Timilsina, formerly in the Financial Institutions Supervision Department, has been appointed to the Payment Systems Department. Finally, Roshan Kumar Sigdel from the Property and Services Management Department has been transferred to the Banking Department.

These changes reflect Nepal Rastra Bank’s ongoing effort to optimize leadership roles and strengthen departmental management across key sectors. By strategically rotating its executive directors, the central bank aims to enhance operational efficiency, ensure effective supervision of financial institutions, and streamline currency, payment, and risk management processes.

Industry analysts suggest that such systematic transfers can also help develop leadership capabilities within the bank, as directors gain exposure to different departments and operational areas. The appointments are expected to be implemented immediately, and the newly assigned executives will begin overseeing their respective departments from the effective date.

This move marks a significant restructuring within NRB, demonstrating the central bank’s commitment to organizational development and effective governance in Nepal’s financial sector.