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 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 Nepal Rastra Bank Act, 2058 (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
- 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.
To become "A modern, dynamic, credible and effective Central Bank"
"To maintain macro-economic stability through sound and effective monetary, foreign exchange and financial sector policies."
NRB Governors Over The Years
|S.no.||Name of Governer||Term of office|
|1.||Mr. Maha Prasad Adhikari||April 6, 2020 - Present|
|2.||Dr. Chiranjibi Nepal||March 22, 2015 - March 18, 2020|
|3.||Dr. Yuba Raj Khatiwada||March 22, 2010 - March 19, 2015|
|4.||Mr. Deependra Bahadur Kshetry||January 15, 2009 - July 26, 2009|
|5.||Mr. Bijaya Nath Bhattarai||January 31, 2005 - January 30, 2010|
|6.||Mr. Deependra Purush Dhakal||August 29, 2000 - April 27, 2001|
|7.||Dr. Tilak Bahadur Rawal||January 18, 2000 - January 17, 2005|
|8.||Mr. Satyendra Pyara Shrestha||January 18, 1995 - January 17, 2000|
|9.||Mr. Hari Shankar Tripathi||August 10, 1990 - January 17, 1995|
|10.||Mr. Ganesh Bahadur Thapa||March 25, 1985 - May 22, 1990|
|11.||Mr. Kalyana Bikram Adhikary||June 13, 1979 - December 8, 1984|
|12.||Mr. Kul Shekhar Sharma||April 29, 1973 - December 12, 1978|
|13.||Dr. Yadav Prasad Pant||April 24, 1968 - April 28, 1973|
|14.||Dr. Bhekh Bahadur Thapa||August 14, 1966 - July 26, 1967|
|15.||Mr. Pradyuma Lal Rajbhandari||June 18, 1965 - August 13, 1966|
|16.||Mr. Laxmi Nath Gautam||February 8, 1961 - June 17, 1965|
|17.||Mr. Himalaya Shumsher J.B. Rana||April 26, 1956 - February 7, 1961|