Nepal Infrastructure Bank Limited Appoints Surendra Raj Regmi as New Board Chairman

10th June 2026, Kathmandu

Nepal Infrastructure Bank Limited, widely recognized as NIFRA, has officially announced a major transition in its core leadership structure.

 NIFRA Appoints Surendra Raj Regmi

The institutional governance upgrade was finalized during a formal meeting of the board of directors held on Jestha 27, 2083, which corresponds to June 10, 2026.

The high-level change involves the appointment of a seasoned banking professional to lead the board, alongside structural adjustments designed to maintain stakeholder continuity across major corporate groups.

The Succession Plan Elevating New Chairman Surendra Raj Regmi to the Top Post

The appointment of the new chairperson comes at a crucial time as the specialized banking institution expands its long-term infrastructure investment pipeline.

The new leadership will focus on securing international capital partnerships and executing large-scale energy, transport, and urban development projects.

The professional background and boardroom details regarding the newly appointed chairman include:

• Appointed Position on the Board: Chairman of the Board of Directors of Nepal Infrastructure Bank Limited.
• Previous Boardroom Representation Role: Surendra Raj Regmi previously served as a prominent director on the board, directly representing the institutional interests of Global IME Bank Limited.
• Governance Impact Scope: His elevation to the top executive post brings extensive commercial banking experience, deep regulatory insight, and proven corporate management skills to the head of the institution.

The executive secretariat notes that the appointment marks an optimistic governance chapter for the company.

The refreshed leadership team will focus on optimizing project evaluation processes, strengthening syndication ties with commercial banks, and driving innovative infrastructure funding solutions.

Resignation and Transitions: Accepting the Exit of Outgoing Chairman Anuj Agrawal

The board of directors formally accepted the resignation of the outgoing chairman during the same meeting on June 10, 2026.

The smooth transition was handled carefully to prevent operational gaps in ongoing project financing approvals or long-term capital deployment strategies.

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The structural details outlining the departure of the former chairperson include:

• Nature of the Boardroom Resignation: Anuj Agrawal officially stepped down from his joint responsibilities as both the acting Chairman and an active Director of the bank.
• Corporate Group Affiliation Background: Prior to his resignation, he had been contributing to the board as a strategic corporate representative of Bishal Group Limited.
• Institutional Legacy Contribution: The board expressed its formal appreciation for his past leadership, which helped guide the development bank through its initial public offering and early project financing phases.

Ensuring Continuity: Appointing Deepak Kumar Agrawal to the Board

To maintain a balanced board composition and ensure continuous input from its founding corporate shareholders, the directors moved quickly to fill the vacant seat.

Keeping a full board helps the institution avoid administrative delays and ensures all major corporate stakeholders have a voice in upcoming project choices.

The onboarding details for the newly appointed corporate director consist of these key facts:

• Newly Appointed Board Member: Deepak Kumar Agrawal has been officially inducted into the governance team as a non-executive director.
• Shareholder Group Representation: He will assume the director seat representing Bishal Group Limited, filling the spot left by the outgoing chairman.
• Effective Date of Appointment: The corporate appointment became active on Jestha 27, 2083, ensuring immediate alignment with the ongoing policy decisions of the bank.

Future Strategic Path: Navigating Upcoming Financial and Operational Priorities

With the high-level leadership transition complete, the bank is well-positioned to execute its updated long-term business plans.

The restructured board will focus heavily on addressing pressing economic priorities, such as managing local liquidity trends and clearing legal bottlenecks for cross-border energy transmission projects.

The primary operational goals for the incoming governance team include:

• Expanding the issuance of specialized green bonds to attract environmentally conscious global funds.
• Deepening strategic partnerships with international development finance institutions to lower borrowing costs for national projects.
• Improving the internal project risk assessment framework to secure stable returns on equity investments.
• Strengthening collaboration with government ministries to accelerate public-private partnership frameworks.

By establishing a clear division of responsibilities and maintaining strong institutional representation, Nepal Infrastructure Bank Limited has reinforced its position as a pillar of national development.

The updated board lineup provides a steady and clear governance path, ensuring the bank can successfully navigate complex financial markets while continuing to support the growth of the country.

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