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. Deepak Kumar Rauniar

Director

• Mr. Deepak Kumar Rauniar is is an eminent personality with experience in various sectors.
• He is an MBA,MC graduate and has over 25 years of experience in the field of banking,investment,management,technology and financial institutions.
• Managing Director of Betan Karnali Sanchaykarta Hydropower Comany Limited.

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. 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. Rupendra Poudel

Director (Public)

• Mr. Rupendra Poudel is representing the Public group of shareholders.
• He holds a Bachelor’s degree in Management.
• He has over 12 years of experience in the field of banking and financial institutions.
• He has working experience of 6 years in Butwal Power Company Ltd., 2 years working experience in the European Union, and 4 years in UNDP.

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. 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. Dipesh Lamsal

Chief Executive Officer

With over 26 years of progressive leadership in Nepal’s banking sector, Mr. Dipesh Lamsal is a seasoned executive recognized for driving strategic growth, operational excellence, and financial innovation. Currently serving as the Chief Executive Officer of Mahalaxmi Bikas Bank Ltd., he has played an instrumental role in the bank’s transformation through mergers, digital expansion, and human capital development.

Mr. Lamsal began his tenure at Mahalaxmi Bikas Bank as a Deputy Manager and swiftly ascended the ranks to Senior Deputy Chief Executive Officer. Under his leadership, the bank has successfully integrated major mergers, introduced pioneering cashless banking services, and established a robust operational framework across its 900+ workforce. His vision and execution have solidified Mahalaxmi Bikas Bank as a trusted institution in Nepal’s financial landscape.

Previously, Mr. Lamsal held leadership roles at Kumari Bank Limited, where he led Treasury and Correspondent Banking functions, and Nabil Bank Limited, Nepal’s first joint venture bank, where he began his career and gained hands-on experience in operations and privileged banking services.

A firm believer in continuous learning, he holds an EMBA in Finance from Ace Institute of Management and has participated in prestigious international programs in Australia, Hong Kong, India, and Thailand focusing on leadership, forex, and treasury management.

Mr. Lamsal is also a board member at Credit Information Bureau of Nepal (Karja Suchana Kendra), contributing to the broader development of Nepal’s financial ecosystem.

Mr. Jalaj Kumar Adhikari

Assistant Chief Executive Officer

Credit Administration, Legal & Enforcement / Resolution

Mr. Jalaj Kumar Adhikari is a seasoned banking professional with over 30 years of extensive experience in the financial sector. He holds an MBA from Shankar Dev Campus and has demonstrated consistent excellence throughout his career, starting from the Assistant level at Samjhana Finance Limited.

Mr. Adhikari rapidly advanced in his profession, taking on a range of significant and respected roles at Mahalaxmi. His deep understanding of the banking landscape, combined with his commitment to operational excellence, has earned him recognition as a dynamic and results-driven leader.

He possesses strong expertise in Credit, Marketing, Operations & Human Resource Management, and Sales Strategy, along with a solid grasp of overall banking operations. His ability to align business goals with customer-centric services has been instrumental in driving growth, operational efficiency, and organizational development.

Mr. Adhikari continues to contribute to the banking industry with his broad skill set, strategic insight, and dedication to professional integrity

Mr. Amit Bahadur Chand

Assistant Chief Executive Officer

Credit Business and NPL Management

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

Chief Finance Officer and Human Resource Management

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

Chief Business 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. 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.