About Us

Mr. Rajesh Upadhyay

Chairman

• Mr. Rajesh Upadhyay is a renowned visionary banker who has been associated with banking sector since 2006.
• More than 15 years of experience in the field of banking, financial institutions and insurance companies.
• Past Experience
  • He was in the BOD in Global IME Bank from 2006 to 2008
  • Manakamana Development Bank from 2010 to 2013 and Chair person in erstwhile Yeti Development Bank from 2014 to 2018.
  • He was in BOD of NLG Insurance from 2013 to 2017 .
• Present Involvement
  • Besides these he is also affiliated with Continental Marketing Pvt. Ltd., CFS Remit Pvt. Ltd. and CFS Traders and he has proved himself as a successful and farsighted business man.
  • He is a MBA Graduate and life time member of Nepal Management Group (Rotary Club of Kathmandu Metro) and member of Nepal Management Association.

Mr. Ashwini Kumar Thakur

Director (Independent)

Mr. Ashwini Kumar Thakur is a seasoned executive with over 30 years of experience in Nepal’s financial and economic sectors. He retired as the Executive Director of Nepal Rastra Bank (NRB), where he played a strategic role in policy formulation, program development, and institutional strengthening. Throughout his tenure, he led multiple cross-functional initiatives, managed diverse teams, and oversaw the successful implementation of high-impact projects aimed at enhancing the central bank’s effectiveness.

 He also served as the Chief Executive Officer of Rastriya Beema Sansthan, contributing significantly to the development of Nepal’s insurance landscape.

He has previously served on the boards of several key institutions, including:

• Madhya Paschimanchal Gramin Bikas Bank

• Sana Kisan Bikas Bank

• APROCS Nepal

• National Banking Training Institute (NBTI)

• Hydroelectricity Investment and Development Company Ltd. (HIDCL)

• Upper Tamakoshi Hydropower Ltd.

His leadership also extended to key committees within NRB, where he chaired the Investment Committee, led the Recruitment Committee at NBTI, and served as a member of the Policy Regulation Implementation Committee, Audit Committee, Regulation Committee, and the Recruitment Sub-Committee.

He holds an MBA in Marketing and International Trade from LNMCBM, Barkatullah University, India, and a B.Sc. in Zoology, Botany, and Chemistry from Trichandra Campus, Tribhuvan University, Nepal.

Mr. Sanjay Giri

Director

• Mr. Sanjay Giri is a prominent businessman and renowned motivational speaker with an MBA degree.
• He is Director of Swad Foods Pvt. Ltd., Hotel Hira Plaza, Everest Leather Industries Pvt. Ltd. And he also is engaged in many other businesses.
• He has been associated with the banking sector since 2016. He is an Associated Member of FNCCI.

Mr. Sagar Malla

Director

Mr. Sagar Malla is an experienced professional with a strong background in hydropower, construction, and project management. He has been associated with Rangun Khola Hydropower Pvt. Ltd. since 2017, where he currently serves as Senior Manager, leading administration, operations, procurement, and team management.
Past Experience
He has previously worked with Mountain Hydro Construction Pvt. Ltd., Nawadev Kastha Tatha Furniture Udhyog Pvt. Ltd., and Utsav Events, where he gained expertise in operations, project supervision, human resource management, event planning, and vendor coordination.
Present Involvement
Alongside his professional career, Mr. Malla has been actively involved with the Rotaract movement under Rotary International District 3292, serving as District Director, Treasurer, and Zonal Representative. He holds an MBA in Marketing from Ace Institute of Management and a BBA in Finance from Thames International College.
 

Mr. Shyam Sundar Rungta

Director (Public)

• Mr. Shyam Sundar Rungta is a knowledgeable and experienced person in the field of business and banking.
• He is engaged in the business of production and distribution of food.
• He has been involved in the banking sector for more than 12 years.

Mr. Rahul Agrawal

Director (Public)

• Mr. Rahul Agrawal is a young energetic and well - known businessman in the field of packaging, coal, motor parts production and distribution of groceries.
• He is a MBA graduate and Director of Apex Packaging, Triveni Coal Pvt. Ltd. and Varun Motors Pvt. Ltd.
• He has been engaged with the Bank as a director since 2017.

Mr. Salik Ram Aryal

Director (Public)

Mr. Salik Ram Aryal is a seasoned business leader possesing over 15 years of experience as executive across construction, trading, education, auditing, and corporate governance. He has demonstrated strong expertise in strategic leadership, financial oversight, and institutional development. From 24th AGM dated on 2082/09/21, has been elected as director (Representing from Public Group) He currently serves as Chairman of Khilung Kalika Construction Pvt. Ltd. and CEO of Khilung Kalika Suppliers & General Trading Pvt. Ltd., leading organizational growth, operational excellence, and governance practices. He also contributes to corporate and social institutions, including his role as Vice-Chairman of Khuma Aryal Foundation and Corporate Member of Sanjeevani Nepal Group of Companies. An MBA graduate in Finance, Mr. Aryal has  solid expertise in audit, compliance, and strategic management, with international exposure across multiple countries. His leadership reflects commitment to governance, collaboration, and sustainable growth.

Mr. Dipesh Lamsal

Chief Executive Officer

Mr. Lamsal has over 28 years of extensive experience in the banking sector across various commercial and development banks in Nepal.  Prior to becoming CEO, he served for around 15 years within Mahalaxmi Bikas Bank, rising to the position of Senior Deputy Chief Executive Officer before his current leadership role.  Served in leadership positions at other reputed banks in Nepal, including Kumari Bank Limited, where he led Treasury and Correspondent Banking functions.  He began his career at Nabil Bank Limited, gaining foundational experience in retail and operations.  Mr. Lamsal’s experience covers a broad range of banking functions including strategic planning, operational management, treasury, correspondent banking, and institutional growth initiatives.  

His education includes Executive Master of Business Administration (EMBA) in Finance from Ace Institute of Management (AIM), Nepal.  He has also participated in executive programs and professional development courses abroad, focusing on leadership, foreign exchange (forex), and treasury management in countries like Australia, Hong Kong, India, and Thailand.

Currently, under Mr. Lamsal’s leadership, the Bank is strongly focused on accelerating digital transformation while enhancing customer-centric banking services. He is committed to leveraging technology to improve service efficiency, accessibility, and overall customer experience, while ensuring sustainable growth, sound governance, and long-term value creation for stakeholders.

Mr. Amit Bahadur Chand

Assistant Chief Executive Officer

Mr. Amit Bhadur Chand, an MBA graduate, brings with him over 22 years of rich experience and in-depth expertise in the banking sector. Over the course of his career, he has held several key positions at Global IME Bank Limited (erstwhile Bank of Kathmandu), demonstrating strong leadership and operational capabilities across diverse areas of banking.

Mr. Chand has extensive exposure to various critical functions within the bank, having served as Head of International Trade & Correspondence Banking, Segment Manager – Corporate Credit, Head of SME Banking, and Province Manager. His strategic insight, combined with hands-on experience in both retail and corporate banking, has significantly contributed to institutional growth and service excellence.

With a solid foundation in finance and a proven track record in managing high-performing teams, Mr. Chand continues to play a vital role in shaping progressive banking practices and driving results.

Mr. Anuj Acharya

Assistant Chief Executive Officer

Mr. Anuj Acharya is a qualified Chartered Accountant with over 15 years of comprehensive experience in the banking sector. Throughout his career, he has developed specialized expertise in Internal Audit, Finance & Planning, Relationship Management, and Merger & Acquisition, among other key areas.

Mr. Acharya has contributed to the success of several prominent commercial banks in Nepal, including Standard Chartered Bank Nepal, where he held critical roles that enhanced efficiency and strategic growth. His strong analytical background and cross-functional experience enable him to deliver value-driven insights and solutions across various domains of banking.

With a deep understanding of both regulatory frameworks and strategic financial management, Mr. Acharya continues to be a valuable asset in fostering sustainable banking practices and innovation.

Mr. Subash Joshi

Acting Assistant Chief Executive Officer

Mr. Subash Joshi, an MBA graduate from MIT School of Management, Pune, India, brings over 17 years of dynamic experience in the Banking sector, with a proven track record of driving growth, fostering innovation, and ensuring operational excellence.

Throughout his career, Mr. Joshi has been actively involved in key strategic areas including Sales, Marketing, Risk Assets Quality Management, Performance Assurance, along with Overall Business Growth and Development. His leadership approach and analytical insights have contributed significantly in enhancing Institutional Performance and adding Customer Value.

Mr. Joshi started his banking career with former KIST Bank Limited and then worked at Global IME Bank Limited. He later joined NIC Asia Bank Limited, where he worked for 8 years in a Senior leadership role. He headed as a Chief of Province Office as well as Head of Performance Assurance at the Bank.

His diverse experience across multiple institutions highlights his adaptability, strategic thinking, and deep understanding of Nepal’s banking landscape.

Mr. Prakash Ghimire

Chief Operating Officer

Prakash Ghimire is a seasoned banking professional with over three decades of extensive experience in Nepal’s financial sector. He holds an EMBA from Ace Institute of Management and an MBA from Tribhuvan University. He began his career at Nepal Investment Bank Limited, where he developed strong expertise in operations, remittance, credit, and customer relationship management, gradually advancing through multiple leadership roles.

He later joined Kumari Bank Limited, where he served as Head of Central Remittance Department, playing a key role in expanding international remittance networks and introducing innovative remittance solutions. Over the years, he has gained comprehensive experience across operations, marketing, business development, and strategic planning.

At Mahalaxmi Bikas Bank, he has held several senior leadership positions including Head of Marketing, Planning, CSR, and Branch Expansion, as well as Province Head for Bagmati Province. He is currently serving as Senior Manager and Chief Operating Officer (COO), overseeing integrated marketing, human resource management, and central operations. His leadership is instrumental in driving operational efficiency, business growth, and organizational excellence within the bank.

Mr. Sanjaya Kumar Shrestha

Chief Recovery Officer

Sanjay Kumar Shrestha is an experienced banking professional with over 20 years of work in Nepal’s financial sector. He holds an MBA in Finance and began his career in banking roles at Nabil Bank and NIC Asia Bank, where he gained strong experience in core corporate banking, and client management. He later joined Mahalaxmi Bikas Bank in 2008 and has since built a long career within the bank.

At Mahalaxmi Bikas Bank, he has held several key positions including Head of Central Credit and Head of NPL Management. He is currently working as Senior Manager and Chief of the Recovery Department, handling non-performing loans and asset recovery. His role is supported by his extensive experience in credit operations, risk management, and regulatory compliance, making him an accomplished banking professional for managing one of the bank’s most critical functions.

Mr. Navaraj Karki

Province Head- Bagmati Pradesh (Ka)

Mr. Navaraj Karki is a highly accomplished banking professional with over 17 years of extensive experience in Nepal’s banking sector. He currently serves as the Province Head of Bagmati Ka at Mahalaxmi Bikas Bank, where he plays a key role in strengthening the bank’s operational efficiency and driving regional performance.

He holds a Master’s degree in Business Studies (MBS) from Tribhuvan University. Prior to joining Mahalaxmi Bikas Bank, Mr. Karki held several leadership positions in reputed financial institutions including Agricultural Development Bank, Siddhartha Bank, Janata Bank, Bank of Asia Nepal, and Standard Chartered Bank Nepal. Throughout his career, he has successfully led multiple branches, managed corporate portfolios, and contributed significantly to organizational growth and performance.

Mr. Som Raj Pant

Company Secretary

Mr. Som Raj Pant currently serves as the Company Secretary of the Bank, where he plays a vital role in ensuring compliance with statutory and regulatory requirements while promoting best practices in corporate governance. With a strong commitment to transparency and accountability, he supports the Board and executive management in maintaining sound governance structures and regulatory alignment.

Mr. Pant holds a Master’s degree in Business Law (MA BL) from Tribhuvan University and brings with him over 21 years of notable experience in the banking sector. His deep understanding of legal frameworks, regulatory compliance, and internal governance has made him an integral part of the bank’s leadership team.