Nepal Rastra Bank

Nepal Rastra Bank
नेपाल राष्ट्र बैंक
	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	Nepalese rupee; NPR (ISO 4217)
Reserves	7 910 million USD[1]
Website	www.nrb.org.np

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]

Nepal Rastra Bank Building

It supervises the commercial banks, development banks, finance companies and microfinance institutions 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

https://d-nb.info/1138787981/34
"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.
"Nepal Rastra Bank - Central Bank of Nepal". www.nrb.org.np.
"Board Members". Retrieved September 23, 2020.

External links

Media related to Nepal Rastra Bank at Wikimedia Commons
Official website

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[dnbinfo-1] ttps://d-nb.info/1138787981/34

[auto-2] "Maha Prasad Adhikari appointed new governor of NRB". The Himalayan Times. April 6, 2020.

[3] "Nepal Rastra Bank Act, 2058 (2002)". Nepal Law Commission. Retrieved July 21, 2019.

[4] "Nepal Rastra Bank - Central Bank of Nepal". www.nrb.org.np. Retrieved July 21, 2019.

[5] "NRB to tighten loans on vehicle import". The Himalayan Times. June 15, 2019. Retrieved July 21, 2019.

[6] "Nepal Rastra Bank Approves 8 Companies to Start Digital Wallet Service". newbusinessage.com. Retrieved July 21, 2019.

[7] "Nepal Rastra Bank". OnlineKhabar. Retrieved July 21, 2019.

[8] "Central bank sets maximum interest rate spread at 4.5pc". kathmandupost.com. Retrieved July 21, 2019.

[governors-9] "Nepal Rastra Bank - Central Bank of Nepal". www.nrb.org.np.

[auto1-10] "Board Members". Retrieved September 23, 2020.

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