Nepal Rastra Bank
| File:Nepal Rastra Bank Logo.svg Logo of Nepal Rastra Bank | |
| Headquarters | Baluwatar, Kathmandu |
|---|---|
| Established | April 26, 1956 (2013, Baisakh 14) |
| Ownership | 100% state ownership[1] |
| Governor | CA Maha Prasad Adhikari[2] |
| Central bank of | Nepal |
| Currency | Nepali Rupee (ISO 4217) |
| Reserves | 7 910 million USD[1] |
| Website | www |
The Nepal Rastra Bank was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act 1955 AD to regulate and systematize domestic financial sector.[3][4] As the central bank of Nepal, it is the monetary, supervisory and regulatory body of all the commercial banks. financial institutions and micro-finances.[5][6] The head office is located in Baluwatar, Kathmandu and it has seven district offices, located at Biratnagar, Janakpur, Birgunj, Pokhara, Siddharthanagar, Nepalgunj, and Dhangadhi.[7]
It supervises the commercial banks in Nepal and guides monetary policy. Nepal Rastra Bank also oversees foreign exchange rates and the country's foreign exchange reserves. The bank is one of the principal owners of the Nepal Stock Exchange.[8]
It is a member of the Asian Clearing Union. The incumbent governor of Nepal Rastra Bank is CA Maha Prasad Adhikari while Dr. Gunakar Bhatta is the spokesperson.
Former Governors
| S.no | Governor | In office |
|---|---|---|
| 01 | Himalaya Shumsher J.B. Rana[9] | April 26, 1956 – February 7, 1961 |
| 02 | Laxmi Nath Gautam[9] | February 8, 1961 – June 17, 1965 |
| 03 | Pradyuma Lal Rajbhandari[9] | June 18, 1965 – August 13, 1966 |
| 04 | Bhekh Bahadur Thapa[9] | August 14, 1966 – July 26, 1967 |
| 05 | Yadav Pant[9] | April 24, 1968 – April 28, 1973 |
| 06 | Kul Shekhar Sharma[9] | April 29, 1973 – December 12, 1978 |
| 07 | Kalyana Bikram Adhikary[9] | June 13, 1979 – December 8, 1984 |
| 08 | Ganesh Bahadur Thapa[9] | March 25, 1985 – May 22, 1990 |
| 09 | Hari Shankar Tripathi[9] | August 10, 1990 – January 17, 1995 |
| 10 | Satyendra Pyara Shrestha[9] | January 18, 1995 – January 17, 2000 |
| 11 | Tilak Bahadur Rawal[9] | January 18, 2000 – January 17, 2005 |
| 12 | Deependra Purush Dhakal[9] | August 29, 2000 – April 27, 2001 |
| 13 | Bijaya Nath Bhattarai[9] | January 31, 2005 – January 30, 2010 |
| 14 | Deependra Bahadur Kshetry[9] | January 15, 2009 – July 26, 2009 |
| 15 | Yuba Raj Khatiwada[9] | March 22, 2010 – March 19, 2015 |
| 16 | Chiranjibi Nepal[9][2] | March 19, 2015 – April 6, 2020 |
| 17 | Maha Prasad Adhikari[9][2] | April 6, 2020 – present |
Board of Directors
As per the Nepal Rastra Bank Act, 2002, Nepal Rastra Bank Board of Directors has seven members. The governor of Nepal Rastra bank Chair the Board of Directors. The Governor, Deputy Governors and other Directors are appointed by Government of Nepal, Council of Ministers for term of five years. Government may, reappoint the retiring Governor for another one term and the retiring other Directors for any term, if it is deemed necessary. [10]
| S.no | Name | Position | Member Since[10] |
|---|---|---|---|
| 01 | Mr. Maha Prasad Adhikari (Governor) | Chairman | April 6, 2020 |
| 02 | Mr. Sishir Kumar Dhungana (Secretary, Ministry of Finance) | Member | February 13, 2020 |
| 03 | Mr. Chinta Mani Siwakoti (Deputy Governor) | Member | March 2, 2016 |
| 04 | Mr. Shiba Raj Shrestha (Deputy Governor) | Member | March 2, 2016 |
| 05 | Dr. Sri Ram Poudyal | Member | April 16, 2017 |
| 06 | Mr. Ramjee Regmi | Member | April 16, 2017 |
| 07 | Dr. Suvod Kumar Karn | Member | April 24, 2018 |
Board Committees
Management Committee
| Governor | Chairman |
| Deputy Governor | Member |
| Deputy Governor | Member |
| Senior Officer
(Designated by Governor) |
Member Secretary |
Audit Committee
| One of the Board Directors | Convernor |
| External Expert nominated by Board | Member |
| Chief of Internal Audit Department of the Bank | Member Secretary |
References
- ^ a b https://d-nb.info/1138787981/34
- ^ a b c "Maha Prasad Adhikari appointed new governor of NRB". The Himalayan Times. April 6, 2020.
- ^ "Nepal Rastra Bank Act, 2058 (2002)". Nepal Law Commission. Retrieved July 21, 2019.
- ^ "Nepal Rastra Bank - Central Bank of Nepal". www.nrb.org.np. Retrieved July 21, 2019.
- ^ "NRB to tighten loans on vehicle import". The Himalayan Times. June 15, 2019. Retrieved July 21, 2019.
- ^ "Nepal Rastra Bank Approves 8 Companies to Start Digital Wallet Service". newbusinessage.com. Retrieved July 21, 2019.
- ^ "Nepal Rastra Bank". OnlineKhabar. Retrieved July 21, 2019.
- ^ "Central bank sets maximum interest rate spread at 4.5pc". kathmandupost.com. Retrieved July 21, 2019.
- ^ a b c d e f g h i j k l m n o p q "Nepal Rastra Bank - Central Bank of Nepal". www.nrb.org.np.
- ^ a b https://www.nrb.org.np/bod/
External links
Media related to Nepal Rastra Bank at Wikimedia Commons- Official website
