9th July 2025, Kathmandu
Mahalaxmi Bikas Bank Limited has appointed Ashwini Kumar Thakur as the bank’s new Independent Director, strengthening its board leadership with experienced governance.
Mahalaxmi Bank Independent Director Appointment
According to the bank, the decision was made during the Board of Directors meeting held on Asar 20, 2082 BS (July 4, 2025). The appointment will officially come into effect from Asar 22, 2082 BS (July 6, 2025).
Thakur joins the bank’s board with a mandate to contribute to independent oversight, corporate governance, and strategic guidance, in line with Nepal Rastra Bank’s regulatory framework.
Mahalaxmi Bikas Bank continues to emphasize good governance and transparency by enhancing its board structure with experienced professionals. The appointment of Ashwini Kumar Thakur aligns with the bank’s long-term vision of strengthening leadership and ensuring compliance with regulatory standards.
About Mahalaxmi
Mahalaxmi Bikas Bank focuses on digital banking, financial literacy, and community welfare. It offers mobile banking through the “Smart Saathi” app, which allows quick payments, transfers, and real-time updates. The bank introduced QR Smart Teller to let customers withdraw cash without a card. It also supports international QR payments for Indian tourists.
To ensure secure transactions, it uses Visa 3D Secure and OTP features. The bank recently joined NEPALPAY, boosting local card services. For awareness, it runs digital literacy programs across Kathmandu and has reached thousands through Global Money Week.
It also supports communities by donating jackets, offering scholarships, and promoting inclusive events. Mahalaxmi Bikas Bank partners with healthcare and wellness centers to give customers exclusive discounts. It even launched Segway campaigns to promote digital services.
Overall, Mahalaxmi Bikas Bank successfully balances digital innovation with strong social impact. While introducing advanced banking technologies, the bank also focuses on community development, financial literacy, and customer well-being.
Its goal is to make banking not only easier and safer but also more inclusive and accessible to people from all regions and backgrounds. Through this approach, the bank strengthens trust and builds long-term value for both customers and society.
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