Padmashree College
The British College

Nepal Rastra Bank

Baluwatar, Kathmandu

Estd. 1956

government

+977-1-4410158

Overview

Nepal Rastra Bank (NRB) was established in 1956 AD as a central Bank of Nepal. It is located in Baluwatar, Kathmandu, Nepal. It was established under the Nepal Rastra Bank Act, 1955, to discharge the central-banking responsibilities including guiding the development of the embryonic domestic financial-sector. Since establishment, there has been a significant growth in both the number and the activities of the financial institutions in Nepal.

To reflect this dynamic environment, the functions and objectives of the Bank have been recast by the new NRB Act of 2002, the preamble of which lays down the primary functions of the Bank as:

  • To formulate necessary monetary and foreign exchange policies to maintain the stability in price and consolidate the balance of payments for sustainable development of the economy of Nepal;
  • To develop a secure, healthy and efficient system of payments;
  • To make appropriate supervision of the banking and financial system in order to maintain its stability and foster its healthy development; and
  • To further, enhance public confidence in Nepal's entire banking and financial system.

The Bank is eminently aware that, for the achievement of the above objectives in the present dynamic environment, sustained progress and continued reform of the financial sector is of utmost importance. Continuously aware of this great responsibility, NRB is seriously pursuing various policies, strategies, and actions, all of which are conveyed in the annual report on monetary policy.

Vision

To become “ A modern, dynamic, credible and effective Central Bank”

Mission

To maintain macroeconomic stability through sound and effective monetary, foreign exchange and financial sector policies.

NRB Governors over the years

S.N.

Name of Governor

Term of office

1

Mr. Himalaya Shumsher J.B. Rana

April 26, 1956 – February 7, 1961

2

Mr. Laxmi Nath Gautam

February 8, l961 – June 17,  l965

3

Mr. Pradyuma Lal Rajbhandari

June l8, l965 – August 13, l966

4

Dr. Bhekh Bahadur Thapa

August 14, l966 – July 26, l967

5

Dr. Yadav Prasad Pant

April 24, l968 – April 28, l973

6

Mr. Kul Shekhar Sharma

April 29, l973 – December 12,  l978

7

Mr. Kalyana Bikram Adhikary

June 13, l979 – December 8,  l984

8

Mr. Ganesh Bahadur Thapa

March 25, l985 – May 22, l990

9

Mr. Hari Shankar Tripathi

August 10, l990 – January 17,  l995

10

Mr. Satyendra Pyara Shrestha

January l8, l995 – January l7,  2000

11

Dr. Tilak Bahadur Rawal

January l8, 2000 - January l7, 2005

12

Mr. Deependra Purush Dhakal

August 29, 2000 – April 27,  2001

13

Mr. Bijaya Nath Bhattarai

January 31, 2005 –January 30, 2010

14

Mr. Deependra Bahadur Kshetry

January 15, 2009 – July 26, 2009

15

Dr. Yuba Raj Khatiwada

March 22, 2010 - March 19, 2015

16

Dr. Chiranjibi Nepal

March 19, 2015 - Present

Source: NRB

Contact Details of Nepal Rastra Bank, Kathmandu

Nepal Rastra Bank

Address : Central Office, Baluwatar, Kathmandu, Nepal P. O. Box 73

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