Nirdhan Utthan Laghubitta Appoints Narayan Bahadur Karki as Acting Chief Executive Officer

16th April 2026, Kathmandu

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited has recently announced a pivotal shift in its executive management structure.

Nirdhan Utthan Laghubitta CEO

In a move designed to ensure institutional stability and continuity, the board of directors has officially appointed Narayan Bahadur Karki as the Acting Chief Executive Officer. This development is a key moment for the microfinance giant as it navigates a leadership transition while maintaining its commitment to financial inclusion and rural development across Nepal.

A Strategic Leadership Appointment

The decision to appoint a new Nirdhan Utthan Laghubitta CEO in an acting capacity came during a board meeting held on Baisakh 2 2083. Narayan Bahadur Karki is no stranger to the organization’s inner workings. Before this promotion, he served as the Assistant General Manager, a role that provided him with deep insights into the operational and strategic challenges facing the microfinance sector today.

According to the official statement released by Company Secretary Jagya Prasad Pant, the appointment was effective from Baisakh 4 2083. This quick succession ensures that there is no management vacuum following the completion of the previous leadership tenure. By choosing an internal candidate like Karki, the board has signaled a preference for continuity and a smooth transfer of responsibilities.

The Departure of Outgoing CEO Mukesh Dahal

The need for a new Nirdhan Utthan Laghubitta CEO arose as the term of the outgoing chief, Mukesh Dahal, came to its scheduled conclusion. Dahal officially finished his tenure on Baisakh 3 2083. His leadership period was marked by steady growth and the expansion of microcredit services to marginalized communities.

In any large financial institution, the end of a CEO’s term is a sensitive period that requires careful handling. The board’s proactive approach in naming an acting successor immediately demonstrates strong corporate governance. This interim arrangement allows the organization to continue its daily operations without interruption while the board deliberates on long term permanent leadership structures.

Responsibilities of the Acting CEO

As the Acting Nirdhan Utthan Laghubitta CEO, Narayan Bahadur Karki is entrusted with a wide range of critical responsibilities. His primary focus will be on maintaining the momentum of the institution’s current projects and ensuring that the service delivery standards remain high.

Key duties under his leadership include:

Operational Oversight: Supervising the financial and administrative activities across the extensive branch network of the organization.

Policy Implementation: Ensuring that all institutional policies and regulatory requirements set by Nepal Rastra Bank are strictly followed.

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Stakeholder Management: Maintaining transparent communication with shareholders, clients, and regulatory bodies during this transition phase.

Supporting Rural Entrepreneurs: Overseeing the disbursement and recovery of microloans that empower small scale entrepreneurs in low income areas.

Nirdhan Utthan Laghubitta is recognized as one of the pioneers of microfinance in Nepal. Therefore, the acting CEO must balance traditional microfinance values with the modern technological advancements necessary for efficient banking today.

Ensuring Institutional Stability

The microfinance sector in Nepal has faced various challenges in recent years, including credit quality concerns and regulatory shifts. In such a climate, the role of the Nirdhan Utthan Laghubitta CEO becomes even more significant. Stakeholders, including investors and borrowers, look for signs of stability during leadership changes.

The institution has expressed full confidence in Karki’s ability to lead during this interim period. His experience as Assistant General Manager means he already has an established rapport with the staff and an understanding of the client base. This internal familiarity is expected to prevent any friction that might otherwise occur with an external hire during a sensitive transition.

The Mission of Financial Inclusion

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited continues to be a cornerstone for financial inclusion in Nepal. By providing microcredit, savings, and insurance products to those who lack access to traditional commercial banks, the organization plays a vital role in poverty alleviation.

Under the leadership of the acting CEO, the institution remains committed to its core mission. The transition period is seen not as a pause, but as an opportunity to reinforce the foundation of the organization. The board has assured the public that all services to clients will continue without disruption, and the strategic goals for the current fiscal year remain on track.

Conclusion: Looking Toward the Future

The appointment of Narayan Bahadur Karki as the Acting Nirdhan Utthan Laghubitta CEO marks the beginning of a new chapter for the company. While the board eventually moves toward a permanent executive arrangement, Karki’s leadership provides the necessary bridge to keep the organization steady.

For shareholders and clients, this move is a positive indicator of the bank’s resilience and organizational health. As the institution continues to serve thousands of families across the country, the focus remains on innovation, ethical microfinance, and community empowerment. Further updates regarding the permanent CEO appointment are expected in due course, but for now, the leadership of Nirdhan Utthan Laghubitta is in experienced hands.

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