Nepal Bank Board of Directors Reshuffled: New Appointments Announced
1st September 2026, Kathmandu
Nepal Bank Limited announces a major reshuffle in its Board of Directors. Pitambar Bhandari, Devraj Joshi, and Subash Khadka step into key leadership roles.
Nepal Bank Board of Directors Reshuffled
Nepal Bank Limited, the country’s leading commercial institution, has officially announced a significant reshuffle in its Board of Directors (BOD).
According to the official disclosures submitted to the Nepal Stock Exchange (NEPSE), several key members have stepped down, making way for newly appointed leadership to steer the bank forward.
Key Departures from the Board
The recent structural changes see the departure of three prominent figures representing institutional stakeholders:
Shobhakant Paudel: Chairman of the Board of Directors, who represented the Government of Nepal through the Ministry of Finance.
Amrit Lamsal: Board Director representing the Ministry of Finance.
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Jeevan Kumar Katwal: Board Director representing the general public shareholders and the Employees’ Provident Fund (Karmachari Sanchaya Kosh).
Newly Appointed Directors
To fill the vacant positions, the respective stakeholders have appointed new representatives to take over governance and management oversight:
Pitambar Bhandari: Appointed as a Board Director representing the Ministry of Finance, Government of Nepal.
Devraj Joshi: Appointed as a Board Director representing the Ministry of Finance, Government of Nepal.
Subash Khadka: Appointed as a Board Director representing the Employees’ Provident Fund (Karmachari Sanchaya Kosh).
The newly appointed directors are set to officially assume their corporate responsibilities, representing their respective founding and institutional bodies on Nepal Bank’s governing board. Market analysts and stakeholders are keeping a close eye on these developments as the bank continues to navigate its strategic goals in Nepal’s evolving financial sector.
For more: Nepal Bank Board of Directors Reshuffled
