Prachanda Bahadur Shrestha, Chair of Himalayan Bank, has been unanimously elected as the Chairperson of the Confederation of Nepalese Bankers and Financial Institutions (CBFIN). The position became vacant after former Chair Upendra Poudel resigned from the board of directors of Nabil Bank following its general assembly, in accordance with CBFIN bylaws, which state that a position becomes vacant if the representative of a member institution leaves the organization.
Shrestha’s unanimous appointment was made during the 15th meeting of CBFIN’s executive committee on Magh 6 (B.S.), chaired by acting CBFIN Chair Rajesh Upadhyay. Shrestha, with over two decades of experience in Nepal’s banking sector, had previously served as CBFIN General Secretary.
Upon assuming office, Shrestha pledged to maintain the legacy of CBFIN’s founding Chair Pawan Kumar Golyan and outgoing Chair Upendra Poudel, while contributing to the sustainable development of Nepal’s banking sector. He highlighted key priorities, including promoting the shared interests of the banking sector, enhancing public trust, ensuring financial stability, and collaborating with the Government of Nepal, Ministry of Finance, Nepal Rastra Bank, and the private sector.
During the same day, CBFIN’s 16th executive committee meeting unanimously appointed Manoj Kumar Goyal, Chair of NMB Bank, as General Secretary, and Raman Nepal, Chair of Laxmi Sunrise Bank, as Treasurer. The posts were vacant following Shrestha’s appointment as Chair and the resignation of Tulsiram Agrawal, respectively.
Goyal is an experienced banker who has held senior roles at Nabil Bank, Bank of Kathmandu, Clean Energy Development Bank, and Nepal Merchant Banking and Finance Company. Treasurer Raman Nepal is also a seasoned banking professional, having served as a director at Nepal Rastra Bank, board member at Laxmi Bank, and Executive Director at the Citizens Investment Trust.
As per CBFIN bylaws, when a position becomes vacant, the executive committee appoints a new office-bearer from among members or the chairpersons of member institutions.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
