Nepal Rastra Bank

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Nepal Rastra Bank
नेपाल राष्ट्र बैंक
HeadquartersBaluwatar, Kathmandu
EstablishedApril 26, 1956 (2013, Baisakh 14)
OwnershipGovernment of Nepal
GovernorChiranjibi Nepal
Central bank ofNepal
CurrencyNepali rupee
NPR (ISO 4217)
Websitenrb.org.np
Buildings of the bank in Janakpur

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.[1][2] As the central bank of Nepal, it is the monetary, supervisory and regulatory body of all the commercial banks. financial institutions and micro-finances.[3][4] The head office is located in Baluwatar, Kathmandu and it has seven district offices, located at Biratnagar, Janakpur, Birgunj, Pokhara, Siddharthanagar, Nepalgunj, and Dhangadhi.[5]

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.[6]

It is a member of the Asian Clearing Union.

Former Governors[edit]

1. Mr. Himalaya Shumsher J.B. Rana April 26, 1956 – February 7, 1961
2. Mr. Laxmi Nath Gautam February 8, 1961 – June 17,  1965
3. Mr. Pradyuma Lal Rajbhandari June 18, 1965 – August 13, 1966
4. Dr. Bhekh Bahadur Thapa August 14, 1966 – July 26, 1967
5. Dr. Yadav Prasad Pant April 24, 1968 – April 28, 1973
6. Mr. Kul Shekhar Sharma April 29, 1973 – December 12,  1978
7. Mr. Kalyana Bikram Adhikary June 13, 1979 – December 8,  1984
8. Mr. Ganesh Bahadur Thapa March 25, 1985 – May 22, 1990
9. Mr. Hari Shankar Tripathi August 10, 1990 – January 17,  1995
10. Mr. Satyendra Pyara Shrestha January 18, 1995 – January 17,  2000
11. Dr. Tilak Bahadur Rawal January 18, 2000 – January 17, 2005
12. Mr. Deependra Purush Dhakal August 29, 2000 – April 27,  2001
13. Mr. Bijaya Nath Bhattarai January 31, 2005 – January 30, 2010
14. Mr. Deependra Bahadur Kshetry January 15, 2009 – July 26, 2009
15. Dr. Yuba Raj Khatiwada March 22, 2010 – March 19, 2015
16. Dr. Chiranjibi Nepal March 19, 2015 – present

Board Committees[edit]

Management Committee[edit]

Governor Chairman
Deputy Governor Member
Deputy Governor Member
Senior Officer

(Designated by Governor)

Member Secretary

Audit Committee[edit]

One of the Board Directors Convernor
External Expert nominated by Board Member
Chief of Internal Audit Department of the Bank Member Secretary

References[edit]

  1. ^ "Nepal Rastra Bank Act, 2058 (2002)". Nepal Law Commission. Retrieved July 21, 2019.
  2. ^ "Nepal Rastra Bank - Central Bank of Nepal". www.nrb.org.np. Retrieved July 21, 2019.
  3. ^ "NRB to tighten loans on vehicle import". The Himalayan Times. June 15, 2019. Retrieved July 21, 2019.
  4. ^ "Nepal Rastra Bank Approves 8 Companies to Start Digital Wallet Service". newbusinessage.com. Retrieved July 21, 2019.
  5. ^ "Nepal Rastra Bank". OnlineKhabar. Retrieved July 21, 2019.
  6. ^ "Central bank sets maximum interest rate spread at 4.5pc". kathmandupost.com. Retrieved July 21, 2019.

External links[edit]