Nepal Rastra Bank (NRB), the Central Bank of Nepal, was established in 1956 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 significant growth in both the number and the activities of the domestic financial institutions in the country.
To reflect this dynamic environment, the functions and objectives of the Bank have been re-casted by the new Nepal Rastra Bank Act, 2058 (2002), which lays down the objectives of the Bank as:
- To formulate necessary monetary and foreign exchange policies in order to maintain the stability of price and balance of payment for economic stability and sustainable development of economy, and manage it;
- To increase the access of the financial service and increase the public confidence towards the banking and financial system by maintaining stability of the banking and financial sectors,
- To develop a secure, healthy and efficient system of payment;
For the achievement of the above objectives in the present dynamic environment, NRB is pursuing sustained progress and continued reform of the financial sector is of utmost importance. In this regard, NRB is pursuing various policies, strategies and actions, all of which are conveyed in the Banks annual monetary policy.
To become "A modern, dynamic, credible and effective Central Bank"
"To maintain macro-economic stability through sound and effective monetary, foreign exchange and financial sector policies."
|S.no.||Name of Governer||Term of office|
|1.||Mr. Himalaya Shumsher J.B. Rana||April 26, 1956 - February 7, 1961|
|2.||Mr. Laxmi Nath Gautam||February 8, 1961 - June 17, 1965|
|3.||Mr. Pradyuma Lal Rajbhandari||June 18, 1965 - August 13, 1966|
|4.||Dr. Bhekh Bahadur Thapa||August 14, 1966 - July 26, 1967|
|5.||Dr. Yadav Prasad Pant||April 24, 1968 - April 28, 1973|
|6.||Mr. Kul Shekhar Sharma||April 29, 1973 - December 12, 1978|
|7.||Mr. Kalyana Bikram Adhikary||June 13, 1979 - December 8, 1984|
|8.||Mr. Ganesh Bahadur Thapa||March 25, 1985 - May 22, 1990|
|9.||Mr. Hari Shankar Tripathi||August 10, 1990 - January 17, 1995|
|10.||Mr. Satyendra Pyara Shrestha||January 18, 1995 - January 17, 2000|
|11.||Dr. Tilak Bahadur Rawal||January 18, 2000 - January 17, 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 22, 2015 - March 18, 2020|
|17.||Mr. Maha Prasad Adhikari||April 6, 2020 - Present|