Basu Adhikari Appointed as CEO of Sana Kisan Bikas Laghubitta

21st December 2025, Kathmandu

The board of directors of Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited has officially appointed Basu Adhikari as the new Chief Executive Officer of the institution. This high level appointment comes after the position remained vacant for approximately four months following the conclusion of the previous leadership term. The decision was finalized during a strategic meeting of the board held on Poush 3 2082. This leadership transition is viewed as a significant step for the microfinance sector in Nepal as the institution plays a pivotal role in providing wholesale credit to small farmer cooperatives across the country.

Sana Kisan Laghubitta CEO

According to the official statement released by the company secretary Anil Krishna Joshi the appointment of Adhikari became effective immediately from the date of the board decision. On the same day a formal ceremony was held where the newly appointed CEO was administered the oath of office and secrecy by the Chairman of the company Khem Bahadur Pathak. This quick transition ensures that the executive management of the firm can resume its full operational capacity without further delay providing stability to the employees and the thousands of partner cooperatives that rely on the services of the bank.

PROFESSIONAL BACKGROUND AND BANKING EXPERIENCE

Basu Adhikari enters this role with a wealth of experience in the banking and financial landscape of Nepal. Prior to joining Sana Kisan Bikas Laghubitta he built a distinguished career at the Agricultural Development Bank Limited which is one of the premier state owned commercial banks in the country. During his tenure there he served as a Department Head where he was responsible for overseeing various critical divisions. His background in agricultural credit and rural financing makes him an ideal fit for Sana Kisan as the two institutions share a common mission of empowering the rural population and enhancing agricultural productivity through institutional credit.

His extensive tenure at the Agricultural Development Bank has provided him with deep insights into the challenges faced by small scale farmers and the complexities of rural lending. This expertise is expected to be instrumental in improving the management efficiency of Sana Kisan. The board of directors has expressed high expectations that his professional leadership will contribute to the overall growth of the institution and help navigate the current economic challenges facing the microfinance sector in Nepal.

THE STRATEGIC ROLE OF SANA KISAN BIKAS LAGHUBITTA

Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited occupies a unique position in the financial ecosystem of Nepal. Unlike retail microfinance institutions that deal directly with individual borrowers Sana Kisan operates primarily as a wholesale lender. It provides the necessary capital and technical support to Small Farmer Agriculture Cooperatives which then distribute the loans to their individual members at the local level. This model has been highly successful in reaching the most remote areas of the country and providing financial services to the poor and marginalized communities.

The institution has its roots in the Small Farmer Development Program originally initiated by the Agricultural Development Bank. Over the years it has evolved into a robust independent entity that bridges the gap between commercial banking resources and rural credit needs. With the appointment of a seasoned professional like Basu Adhikari the institution is poised to strengthen its digital transformation efforts and expand its reach to even more municipalities. His experience in policy level decision making will be vital as the bank works to implement new strategies for poverty reduction and sustainable agricultural development.

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CURRENT MARKET POSITION AND PERFORMANCE OVERVIEW

As of the current fiscal year 2082 Sana Kisan Bikas Laghubitta remains one of the strongest performers in the microfinance sector. The institution recently reported its first quarter financial results for the fiscal year 2082 2083 showing resilience despite the broader economic fluctuations in the country. The bank has a significant paid up capital and a strong reserve base which provides a solid foundation for the new CEO to build upon. The market capitalization of the company remains substantial reflecting the confidence that investors have in its business model and its long term growth prospects.

Under the new leadership the market expects a renewed focus on asset quality and the management of non performing loans which have been a point of concern for the entire microfinance industry recently. Adhikari background in departmental management and credit oversight will be crucial in ensuring that the institution maintains its high standards of financial discipline. Furthermore the bank is expected to continue its tradition of providing attractive dividends to its shareholders as evidenced by its consistent track record in previous years.

CHALLENGES AND OPPORTUNITIES FOR THE NEW LEADERSHIP

One of the primary challenges facing the new CEO will be the increasing regulatory scrutiny and the evolving landscape of microfinance in Nepal. The Nepal Rastra Bank has introduced several new directives aimed at protecting borrowers and ensuring the stability of the sector. Basu Adhikari will need to lead the institution in complying with these regulations while simultaneously expanding the loan portfolio. There is also a growing need for product diversification as rural borrowers seek more than just traditional crop loans including financing for small scale enterprises and technical skill development.

On the opportunity side the digital revolution in Nepal provides a platform for Sana Kisan to modernize its operations. By integrating more technology into the cooperative lending process the bank can reduce its operational costs and improve the speed of service delivery. The new CEO experience at a major commercial bank will likely facilitate the adoption of modern banking tools and data analytics within the wholesale lending framework. This will not only improve transparency but also help in better risk assessment and mitigation.

CONCLUSION AND FINAL THOUGHTS

The appointment of Basu Adhikari as the CEO of Sana Kisan Bikas Laghubitta marks the beginning of a new chapter for the institution. His deep rooted connection to the agricultural banking sector through his previous roles ensures that the mission of the bank remains in capable hands. As he takes charge the focus will undoubtedly be on driving innovation and maintaining the status of the bank as a leader in rural finance. Shareholders and partner cooperatives can look forward to a period of stable leadership and strategic growth under his guidance.

For More: Sana Kisan Laghubitta CEO