Muktinath Bikas Bank Ltd. Appoints New CEO — Tara Manandhar Takes Charge
Muktinath Bikas Bank Ltd., one of Nepal’s leading national-level development banks licensed by Nepal Rastra Bank, has officially appointed Mr. Tara Manandhar as its new Chief Executive Officer (CEO). The appointment comes as the tenure of the outgoing CEO, Mr. Pradyuman Pokhrel, formally concludes.
Board Decision and Appointment Details
The Board of Directors of Muktinath Bikas Bank made this decision during its 371st Board Meeting, held on 2083 Baisakh 03 at 3:30 PM. As per the board’s resolution, Mr. Tara Manandhar has been appointed as the Chief Executive Officer for a term of four (4) years, effective from 2083 Jestha 1.
Mr. Manandhar is originally from Syangja District, Harinaas Gaunpalika, and is currently a resident of Tokha Municipality, Ward No. 3, Kathmandu.
About Muktinath Bikas Bank Ltd.
Muktinath Bikas Bank Ltd. is a nationally recognized development bank operating under NRB License No. 36, with registration number 956/062/063 and PAN No. 302349296. The bank’s central office is located at Kathmandu Metropolitan-03, Lazimpat, Kathmandu.
Known for its commitment to financial inclusion and development banking across Nepal, Muktinath Bikas Bank continues to expand its reach through strong governance and leadership. The bank’s motto — “जनता बैंकमा होइन, बैंक जनतामा जानु पर्छ” (The bank should go to the people, not the people to the bank) — reflects its grassroots approach to banking.
Notification to Nepal Stock Exchange
In compliance with regulatory requirements, the bank formally notified Nepal Stock Exchange Ltd. (NEPSE) at Singha Durbar Plaza, Kathmandu, about this executive-level change. The official letter was signed by Mr. Dandapani Dhakal, Company Secretary of Muktinath Bikas Bank Ltd.
Copies of the notice were also sent to:
- Nepal Rastra Bank, Baluwatar, Kathmandu
- Office of the Company Registrar, Tripureshwor, Kathmandu
- Nepal Securities Board, Dhumbarahi, Lalitpur
- CDS and Clearing Ltd., Putalisadak, Kathmandu
What This Means for the Bank
Leadership transitions at development banks are closely watched by investors, shareholders, and customers alike. With Mr. Tara Manandhar now at the helm, stakeholders will be keen to see how Muktinath Bikas Bank strengthens its operations, expands branch networks, and continues delivering value across Nepal’s financial sector.
For the latest updates on Muktinath Bikas Bank news, Nepal bank CEO appointments, NRB-licensed bank vacancies, and financial notices Nepal, stay tuned to our blog.
Source: Official notice submitted to Nepal Stock Exchange Ltd. by Muktinath Bikas Bank Ltd., dated 2083/09/04.