26 Directors Transferred in Nepal Rastra Bank: Governor Adhikari’s Decision Creates Buzz

Nepal Rastra Bank Governor Maha Prasad Adhikari has made a significant move by transferring 26 directors at once. With just two months remaining in his term, this decision has sparked various interpretations and discussions. Directors who have been handling key responsibilities for a long time have been shifted, while new faces have been assigned to crucial departments.

Director of the Regulation Department, Dr. Satyendra Timilsina, has been moved to the Governor’s Office. In his place, Devendra Gautam from the Nepalgunj office has been brought to the Regulation Department. Similarly, Rajan Dev Bhattarai, who was in the Regulation Department, has been transferred to the Financial Management Department.

Indra Chamlagai Mainali from the Financial Management Department has been transferred to the Regulation Department, while Meena Pandey from the same department has been moved to the Bank Supervision Department. Sudip Phuyal from the Bank Supervision Department has been shifted to the Currency Management Department.

Sharan Kumar Adhikari from the Birgunj office has been moved to the Non-Bank and Financial Institution Supervision Department, while Girija Prasad Koirala from that department has been assigned to the Legal Division.

Major changes have also been made in the Economic Research Department. Narayan Prasad Pokhrel has been transferred to the Nepalgunj office, while Madhav Dahal from Janakpur has been brought to the Economic Research Department. Subash Acharya from Dhangadhi has been moved to the Bank Supervision Department. Meanwhile, Shailendra Regmi from the Bank Supervision Department has been assigned responsibility for the Biratnagar office, and Buddha Raj Sharma from Biratnagar has been transferred to the Economic Research Department.

Governor Adhikari's sweeping decision has created ripples within Nepal Rastra Bank’s management. The changes are expected to bring a new dynamic to the institution and impact its operational efficiency and policy decisions.