Mahalaxmi Bikas Bank has officially appointed Ashwinikumar Thakur as an Independent Director, following a decision made during its Board of Directors meeting on Asar 20, 2082.
Appointed Under Bank and Financial Institution Act
His appointment was made in accordance with Section 14(3) of the Bank and Financial Institution Act, 2073, which allows the inclusion of independent directors to strengthen governance and oversight.
A Veteran in Nepal’s Financial Sector
Ashwinikumar Thakur is a seasoned professional with vast experience in Nepal’s financial and insurance sectors. He has held several key leadership roles, including:
- Executive Director at Nepal Rastra Bank
- CEO of Rastriya Jeevan Beema Company (formerly Rastriya Beema Sansthan)
He has also served as a board member in major institutions such as:
- Mid-Western Rural Development Bank
- Hydroelectricity Investment and Development Company Ltd.
- Upper Tamakoshi Hydropower Ltd.
- National Banking Institute Ltd.


Formal Introduction Ceremony Held at Mahalaxmi Bikas Bank
Thakur officially assumed office during a special ceremony held at the bank’s central office on Asar 29, 2082. During the event, the board members jointly extended their best wishes for a successful term ahead.
Bank’s Vision Strengthened
Mahalaxmi Bikas Bank believes that his extensive leadership experience in both public and private institutions will significantly contribute to enhancing institutional governance and supporting the bank’s long-term goals for sustainable development.
