Pashupati Poudel Appointed as CEO of Narayani Development Bank Limited
18th August 2025, Kathmandu
Narayani Development Bank has appointed Mr. Pashupati Poudel as its new Chief Executive Officer (CEO), effective 17th August, 2082.
Pashupati Poudel Appointed CEO of NDBL
This leadership change aims to provide the bank with a new strategic direction and strengthen its operations. The appointment is significant as the bank is reportedly facing financial challenges and is under the Nepal Rastra Bank’s corrective action. Mr. Poudel, who hails from Bhojpur District, is expected to leverage his experience to improve the bank’s financial health and service delivery.
Leadership Background and Strategic Focus
The decision to appoint Mr. Poudel as CEO was made during a board meeting on 31st Shrawan, 2082. While the announcement did not disclose the specifics of his professional background, his appointment as CEO of a development bank that has faced scrutiny from the central bank suggests he has a strong background in financial management and turning around struggling institutions. The bank’s leadership had reportedly been in flux, with previous reports indicating a different CEO, underscoring the urgency of this change. Mr. Poudel’s responsibilities will include overseeing day-to-day operations, implementing new strategies, and ensuring the bank complies with regulatory requirements.
Under his leadership, Narayani Development Bank is expected to focus on several key areas to improve its performance and competitiveness. One of the primary goals will be to address its high ratio of non-performing loans (NPLs), which have been a major concern for regulators. To combat this, the bank will likely prioritize loan and credit management, with an emphasis on the SME sector, and implement robust loan recovery plans. In addition, the bank plans to strengthen its digital banking solutions to enhance customer accessibility and convenience, particularly in rural and underbanked areas.
Addressing Financial Challenges
The appointment of a new CEO comes at a critical time for Narayani Development Bank. Reports suggest the bank’s financial health has been a subject of concern for Nepal’s central bank, and it’s reportedly facing prompt corrective action. This measure is usually taken when a financial institution has poor financial indicators, such as a high NPL ratio and a negative distributable profit. These issues have a direct impact on the bank’s ability to operate and could limit its capacity for growth and expansion.
Mr. Poudel’s immediate challenge will be to stabilize the bank’s financial position. This will involve not only improving the loan recovery rate but also strengthening the bank’s internal controls and risk management framework. The bank’s commitment to new leadership and the strategic changes it plans to make are crucial steps toward regaining the trust of both regulators and the public. His appointment is a signal that the bank is taking its financial issues seriously and is committed to implementing the necessary changes to ensure its long-term viability and success.
Regional Impact and Future Outlook
Mr. Poudel’s background from Bhojpur District is a significant point of note. It suggests the bank’s commitment to having leadership that understands and can address the needs of various communities across Nepal, particularly those outside major urban centers. His regional insight could be valuable in tailoring financial products and services to local needs and strengthening the bank’s community engagement initiatives. These initiatives, which may include financial literacy programs and support for local enterprises, are essential for fostering inclusive growth.
Looking ahead, the bank’s success under Mr. Poudel will be measured by its ability to not only improve its financial metrics but also to expand its reach and service offerings effectively. The bank aims to integrate modern banking practices with sustainable growth strategies to benefit its clients and stakeholders. As Nepal’s banking sector continues to evolve, Narayani Development Bank, under Mr. Poudel’s guidance, is expected to work towards setting new benchmarks in banking excellence and regain its position as a trusted and profitable financial institution.
For More: Pashupati Poudel Appointed CEO of NDBL
