Kamal Shrestha Appointed Acting CEO Of Manushi Laghubitta Amid Merger Process
16th July 2026, Kathmandu
Manushi Laghubitta Bittiya Sanstha Limited has appointed Kamal Shrestha as its Acting Chief Executive Officer following the completion of the tenure of the current chief executive.
Kamal Shrestha Appointed Acting CEO
According to the company, Chief Executive Officer Shobha Bajracharyas two year term ended on Ashadh 32, 2083, prompting the immediate appointment of an acting executive leader.
The company stated that the temporary arrangement is intended to ensure total continuity in management and administrative operations while the joint merger process moves forward.
KEY HIGHLIGHTS OF MANUSHI LAGHUBITTA EXECUTIVE APPOINTMENT
The change in leadership comes at a crucial time as the financial institution works to consolidate its market position. The board of directors took swift action to prevent any operational gaps during this administrative transition.
The new leadership structure covers several strategic operational updates, focusing on temporary management, dual responsibilities, and corporate growth objectives:
APPOINTMENT UNTIL COMPLETION OF MERGER
Manushi Laghubitta is currently undergoing a massive structural merger process with Unique Nepal Laghubitta and Jeevan Bikas Laghubitta. As the newly merged financial entity has not yet commenced integrated operations, the company has made an interim leadership arrangement to maintain daily workflows. Under this arrangement, Kamal Shrestha, who has been serving successfully as the company Department Head and Senior Manager, has been appointed as the Acting Chief Executive Officer. He will hold this leadership position until the merger is completed and integrated operations officially begin.
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ADDITIONAL RESPONSIBILITY AS COMPANY SECRETARY
Along with taking over the intense role of Acting Chief Executive Officer, Kamal Shrestha has also been officially entrusted with the responsibility of Company Secretary during this interim period. This strategic move ensures that compliance, regulatory reporting, and internal communications continue without interruption.
CONSOLIDATION OF RURAL MICROFINANCE OPERATIONS
The ongoing merger of Manushi Laghubitta, Unique Nepal Laghubitta, and Jeevan Bikas Laghubitta is highly expected to create a much stronger and more robust integrated microfinance institution. By pooling their financial resources, technological assets, and branch networks, the combined organization will achieve significantly expanded operational capacity and broader outreach across rural communities.
STRATEGIC GOVERNANCE AND FUTURE OUTLOOK IN MICRO FINANCE
The transition of leadership within Manushi Laghubitta Bittiya Sanstha Limited highlights the importance of institutional stability during complex structural movements like corporate mergers. Transitions in the microfinance sector require highly experienced managers who understand the ground level realities of rural banking, credit distribution, and client relationship systems. By elevating a senior insider like Kamal Shrestha, the board has minimized administrative disruption and maintained high employee morale.
Having an executive manage both the chief executive duties and the company secretary role helps speed up the decision making process. This dual function allows for swift implementation of board policies and efficient coordination with regulatory bodies like Nepal Rastra Bank during the final verification phases of the merger. It also provides clear communication lines for shareholders who are eagerly awaiting updates on the share swap ratios, valuation reports, and joint operation timelines.
Furthermore, the integration with Unique Nepal Laghubitta and Jeevan Bikas Laghubitta marks a significant evolution in the wider financial market of Nepal. The central bank has consistently encouraged mergers among smaller micro credit institutions to lower overhead costs, minimize duplicate loans, and decrease non performing loan rates. The successful completion of this merger will likely set a positive benchmark for other microfinance firms aiming to combine forces, standardize their operational guidelines, and expand modern digital banking services to unbanked sectors.
For More: Kamal Shrestha Appointed Acting CEO
