28th June 2025, Kathmandu
Nepal SBI Merchant Banking Ltd has appointed Santosh Kumar Bhandari as its new Managing Director and Chief Executive Officer (CEO). The decision was made during the company’s 71st board meeting held on Ashad 13(27 June), with the appointment coming into effect immediately. This move aims to boost the company’s operational efficiency and leadership strength.
Santosh Kumar Bhandari Appointed CEO
Extensive Experience In Nepal SBI Bank
Before this appointment, Bhandari held several key positions at Nepal SBI Bank Limited, the parent company of Nepal SBI Merchant Banking Ltd. He served as the Head of Far Western Provincial Office, Head of Finance and Planning Department, and Officer in the Internal Audit Department. His work focused on strategic planning, resource management, and operational leadership.
Strong Leadership And Operational Skills
Bhandari has more than 16 years of experience in Nepal’s banking and financial industry. He is known for his ability to manage and mobilize resources effectively. Colleagues regard him as a result-oriented and capable leader, equipped with the skills needed to guide the company through growth and transformation.
About Nepal SBI Merchant Banking Ltd
Nepal SBI Merchant Banking Ltd is a fully-owned subsidiary of Nepal SBI Bank Limited, which operates as a joint venture with the State Bank of India (SBI). The company holds a paid-up capital of NPR 20 crore and offers a wide range of licensed services under the Securities Board of Nepal (SEBON).
Range Of Merchant Banking Services
The company provides several merchant banking services in Nepal, including:
Issue and Sales Management
Securities Underwriting
Share Registrar Services
Investment Management
Institutional Financial Advisory
These services help support capital market operations and institutional growth across the country.
Vision For The Future
With Bhandari at the helm, Nepal SBI Merchant Banking Ltd plans to enhance its service delivery and expand its reach in Nepal’s evolving capital market. His appointment reflects the company’s commitment to strategic leadership and innovation in the financial sector.
Strategic Move For Growth
This leadership change signals a fresh direction for Nepal SBI Merchant Banking Ltd. The company aims to further strengthen its merchant banking operations in Nepal, offering reliable services while maintaining regulatory compliance and investor confidence.
For more:- Santosh Kumar Bhandari Appointed CEO