Three-Member Committee Formed to Recommend 18th NRB Governor

The government has formed a three-member committee to recommend the 18th Governor of Nepal Rastra Bank (NRB). Chaired by Finance Minister Bishnu Prasad Paudel, the committee includes former NRB Governor Bijayanath Bhattarai and economist Dr. Bishwa Paudel. As per the Nepal Rastra Bank Act, 2058, the Council of Ministers must form such a committee before appointing a governor.

Current Governor Maha Prasad Adhikari’s five-year term ends on March 24, 2025. Appointed on March 24, 2020, he assumed office the following day. With a month left in his tenure, the committee has been tasked with selecting his successor. The Act mandates recommending one deputy governor. Current deputy governors, along with former NRB directors, administrators, and serving CEOs, are among the aspirants. The Cabinet will finalize the appointment based on the committee’s recommendation.