The former boss of the Nepal Rastra Bank is in the possession of the regulatory body, who is where?

लगानी न्यूज

१९ कार्तिक २०८३, बिहीबार १३:५२November 5, 2026

{{TAG_OPEN_div_52} Kathmandu. The board of directors of Nepal Rastra Bank is under the control of a former director of the central bank. The three directors are Chintamani Shiwakoti, Dr. Shankar Prasad Acharya and Dr. Rabindra Prasad Pandey. All three are former executive directors of Nepal Rastra Bank.

Now the former TAG_OPEN_div_50 executive and current executive director (boss) of the Rastra Bank have reached not only the Nepal Rastra Bank but also the powerful regulatory body.

Now some powerful regulatory bodies are under the control of the officials of the Rastra Bank. The bosses of the Rastra Bank were also in the eyes of the previous governments.

The Balen-led government, which is now the foundation of the Jenji movement, has started lining up central bank bosses and appointing them to important bodies.TAG_OPEN_div_46

The Balen government has handed over the responsibility of the National Planning Commission, Securities Board of Nepal, Insurance Authority of Nepal and Loan and Deposit Security Fund to former officials of the Rastra Bank.TAG_OPEN_div_44

The government has appointed Gunakar Bhatta, former executive director of Nepal Rastra Bank, as vice-chairman of the National Planning Commission and former executive director of the Nepal Rastra Bank. Gopal Bhatta has been appointed as the chairman of the Securities Board.TAG_OPEN_div_42

The meeting of the Council of Ministers on Tuesday has appointed Pitambar Bhandari, former executive director of the Nepal Rastra Bank, as the Chief Executive Officer (CEO) of the Credit and Deposit Security Fund.TAG_OPEN_div_40

Similarly, the cabinet meeting held on Tuesday has appointed Rajan Bikram Thapa, the incumbent executive director of Nepal Rastra Bank, as the chairman of the Insurance Authority. He has got the role of chairman of the NRA with about 5 months left in his tenure. Although he is the boss of the Rastra Bank, there is a discussion that he does not have complete knowledge in the insurance sector.

In the second week of Poush 2073 BS, the government appointed Chiranjivi Chapagain, the incumbent director of Nepal Rastra Bank, as the chairman of the then Insurance Committee. His tenure was also not free from controversies. He had distributed the license of life and non-life insurance companies as soon as he was appointed to the then committee.

} He also brought the policy of corona insurance which is against the international values, policies, methods, and principles. At present, the government has not paid crores of rupees to the people for corona insurance. The negative impact on insurance has increased among the people due to non-payment of insurance by the government.

Bhishma Dhungana, the former chief of the Rastra Bank, could not complete his term as he became more greedy in financial matters. Dr. Rewat Bahadur Karki, former chairman of Sebon, is also a former director of the Rastra Bank. Although the 10-share policy brought by him was said to be good at that time, now there is a demand to amend it.TAG_OPEN_div_32

Dr. Bhatta, the current chairman of SEBON, is worried within the board whether to make SEBON like the Nepal Rastra Bank instead of maintaining it like Sebon.TAG_OPEN_div_31

Former bosses of the Rastra Bank know everything but there is a problem because some people sitting in the regulatory body are not able to take effective decisions.

Although the modalities, environment, and circumstances of all the regulatory bodies are different, what is the government trying to do by appointing former bosses of the Rastra Bank everywhere? Is it because of the disqualification of other people? This question has started to arise.