Kathmandu - The Government of Nepal has appointed Dirgha Rawal as Deputy Governor of Nepal Rastra Bank (NRB) for a five-year term. The Cabinet made the decision at its meeting on Wednesday, appointing Rawal, who was serving as Executive Director of the central bank’s Bank Supervision Department.
Dirgha Rawal Appointed as NRB Deputy Governor
The Cabinet has appointed Rawal as one of the two Deputy Governors of Nepal Rastra Bank. The appointment fills the second Deputy Governor position that had remained vacant.
Under the Nepal Rastra Bank Act, 2058, the central bank has two Deputy Governors. One of the positions was filled earlier this year, while the second remained vacant until Rawal’s appointment.
Rawal’s Experience at Nepal Rastra Bank
Before his appointment as Deputy Governor, Rawal was serving as Executive Director and head of the Bank Supervision Department at Nepal Rastra Bank.
Rawal has around 20 years of experience at Nepal Rastra Bank, with his career including responsibilities related to the supervision and regulation of banks and financial institutions.
His appointment brings a senior central bank official with extensive banking supervision experience into the Deputy Governor position.
Why the Appointment Matters
The Deputy Governor is a senior leadership position at Nepal Rastra Bank, Nepal’s central bank, which is responsible for monetary policy, banking regulation, financial-sector supervision and the stability of the country's financial system.
With Rawal's appointment, both Deputy Governor positions at Nepal Rastra Bank are now filled. His experience in bank supervision is particularly relevant to the central bank's regulatory and supervisory responsibilities.
Key Facts About Dirgha Rawal’s Appointment
|
Key Fact |
Details |
|---|---|
|
Appointed |
Dirgha Rawal |
|
Position |
Deputy Governor, Nepal Rastra Bank |
|
Appointing authority |
Government of Nepal |
|
Decision |
Cabinet meeting held Wednesday |
|
Term |
Five years |
|
Previous position |
Executive Director, Bank Supervision Department |
|
Experience at NRB |
Around 20 years |
|
Institution |
Nepal Rastra Bank |
Who is Dirgha Rawal?
Dirgha Rawal is a senior Nepal Rastra Bank official who has worked at the central bank for around 20 years. Before becoming Deputy Governor, he served as Executive Director and head of the Bank Supervision Department, overseeing an area directly related to the regulation and supervision of banks and financial institutions.
What is the Role of an NRB Deputy Governor?
A Deputy Governor is a senior leadership position at Nepal Rastra Bank. Deputy Governors support the Governor in carrying out the central bank's responsibilities, including monetary policy implementation, banking regulation, financial-sector supervision and other functions assigned under Nepal's central banking framework.
Rawal's appointment completes the two-member Deputy Governor structure at Nepal Rastra Bank. His long experience within the central bank, particularly in bank supervision, will be relevant as Nepal Rastra Bank continues to oversee the country's banking and financial system.
