Kathmandu. A noteworthy shift in Nepal Bank’s leadership landscape unfolds as Tilakraj Pandeya assumes the pivotal role of Chief Executive Officer (CEO), benefiting from the steadfast support of esteemed colleagues. Formerly serving as the charioteer and chief manager under Parshuram Kunwar, Pandeya’s elevation to the CEO position was facilitated through the backing of the selection committee, notably featuring the influential Krishnaraj Lamichhane. This strategic alignment with well-regarded associates underscores a collaborative approach within Nepal Bank, marking a significant chapter in the institution’s leadership evolution.

The reform process was set in motion through the Financial Sector Reform Program (ICCMT), backed by a loan from the World Bank, to revitalize the bank’s operations and enhance its competitiveness. Parshuram Kunwar Chhetri, a key figure in the reform efforts, served as the Chief Loan Officer during that critical period. Tilakraj Pandeya, who played a significant role as the charioteer and chief manager under Kunwar, has now been appointed as the CEO.

The selection committee, including Kunwar and another influential figure, Krishnaraj Lamichhane recommended Pandeya for the CEO role. The trio shares a unique bond, having not only worked together at Nepal Bank but also studied as batchmates at Prithvi Narayan Campus in Pokhara.  Lamichhane and Kunwar, who were batchmates at Prithvi Narayan Campus in Pokhara, share a long-standing professional and educational history. Notably, Pandeya studied at a lower level than them during their time at the campus.

Tilakraj Pandeya, originally from Falewas Municipality-07, Parbat, brings a wealth of experience to the role. His four-year tenure includes serving as the Deputy Chief Executive Officer at Vivaor Bikas Bank. Holding a master’s degree in business administration, Pandeya is expected to lead Nepal Bank through a period of strategic growth and development.