NIC Asia Laghubitta Financial Institution Welcomes Experienced Leader to Board
Diwakar Bhattarai NIC Laghubitta
7th November 2025, Kathmandu
NIC Asia Laghubitta Financial Institution has announced a key appointment to its Board of Directors, naming Diwakar Bhattarai as a new Director.
Diwakar Bhattarai NIC Laghubitta
The decision was formalized through a resolution passed by the Board, and Mr. Bhattarai will hold the position until the institution’s next Annual General Meeting (AGM).
The appointment is expected to significantly strengthen the strategic oversight and operational execution capabilities of the microfinance institution.
Mr. Bhattarai replaces Suman Thapaliya, who previously represented the founding shareholder, NIC ASIA Bank Limited, on the Board. The institution swiftly completed the transition to ensure continuous and dynamic leadership at the highest level of governance.
Bhattarai Assumes Office
The newly appointed Director, Diwakar Bhattarai, formally assumed his duties immediately after taking the oath of office. He was sworn in by the Chairman of the institution, Prakash Raj Sharma. This ceremony marked the official commencement of his tenure on the Board.
Mr. Bhattarai brings a wealth of experience, having spent sixteen years actively working in the highly competitive banking sector. His long history in finance is considered a major asset for NIC Asia Laghubitta as it navigates the complex landscape of microfinance and rural development.
Leveraging Expertise from NIC ASIA Bank
Crucially, Mr. Bhattarai maintains his senior role within the founding institution. He currently serves as the Chief of Agriculture and Other Corporate Loans at NIC ASIA Bank Limited.
His deep understanding of credit management, risk assessment, and corporate finance, particularly in specialized lending sectors like agriculture, will be directly applicable to the microfinance sector.
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NIC Asia Laghubitta operates with the goal of financial inclusion, extending small-scale credit and savings services to marginalized and underserved communities.
The institution fully believes that Mr. Bhattarai’s vast banking experience, sharp strategic acumen, and deep understanding of the credit cycle will contribute substantially to achieving its organizational goals.
His leadership is expected to further enhance the institution’s capacity to become an even more robust, empowered, and leading microfinance institution among its peers.
Driving Strategy for Sector Leadership
The microfinance sector plays a pivotal role in Nepal’s economic development, particularly in fostering entrepreneurship and alleviating poverty at the grassroots level.
The addition of a seasoned professional like Diwakar Bhattarai NIC Laghubitta’s Board signals a push towards strategic refinement.
The institution’s management is confident that his vision will help implement practices that are more results-oriented, efficient, and compliant with regulatory frameworks.
This strengthens the institution’s ability to meet its social mandate while maintaining financial sustainability and robust governance practices in the demanding microfinance environment.
For more: Diwakar Bhattarai NIC Laghubitta
