Nepal Rastra Bank Notice

Nepal Rastra Bank

Central OfficeBaluwatar, Kathmandu, Nepal, P. O. Box 73
Phones: 977 1 4410158, 4410201, 4411250, 977 1 4419804, 4419805, 4419807, Fax: 977 1 4410159

Banking Office : Thapathali, Kathmandu, Nepal, Phone: 977 1 4226832, 4241557, Fax: 977 1 4227378


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Introduction


Nepal Rastra Bank (NRB), the Central Bank of Nepal, was established in 1956 under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector. Since inception, there has been a significant growth in both the number and the activities of the domestic financial institutions.

To reflect this dynamic environment, the functions and objectives of the Bank have been recast by the new NRB Act of 2002, the preamble of which lays down the primary functions of the Bank as:

- to formulate necessary monetary and foreign exchange policies to maintain the stability in price and consolidate the balance of payments for sustainable development of the economy of Nepal;

- to develop a secure, healthy and efficient system of payments;

- to make appropriate supervision of the banking and financial system in order to maintain its stability and foster its healthy development; and

- to further enhance the public confidence in Nepal's entire banking and financial system.

The Bank is eminently aware that, for the achievement of the above objectives in the present dynamic environment, sustained progress and continued reform of the financial sector is of utmost importance. Continuously aware of this great responsibility, NRB is seriously pursuing various policies, strategies and actions, all of which are conveyed in the annual report on monetary policy.

Vision


To become “ A modern, dynamic, credible and effective Central Bank”

Mission


To maintain macro-economic stability through sound and effective monetary, foreign exchange and financial sector policies.


NRB Governors over the years


S.N.

Name of Governor

Term of office

1.

Mr. Himalaya Shumsher J.B. Rana

April 26, 1956 – February 7, 1961

2.

Mr. Laxmi Nath Gautam

February 8, l961 – June 17,  l965

3.

Mr. Pradyuma Lal Rajbhandari

June l8, l965 – August 13, l966

4.

Dr. Bhekh Bahadur Thapa

August 14, l966 – July 26, l967

5.

Dr. Yadav Prasad Pant

April 24, l968 – April 28, l973

6.

Mr. Kul Shekhar Sharma

April 29, l973 – December 12,  l978

7.

Mr. Kalyana Bikram Adhikary

June 13, l979 – December 8,  l984

8.

Mr. Ganesh Bahadur Thapa

March 25, l985 – May 22, l990

9.

Mr. Hari Shankar Tripathi

August 10, l990 – January 17,  l995

10.

Mr. Satyendra Pyara Shrestha

January l8, l995 – January l7,  2000

11.

Dr. Tilak Bahadur Rawal

January l8, 2000 - January l7, 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