Women in Banking and Leadership

Board of Directors of 8 ‘A’ Class Banks void of women

KATHMANDU: The Companies Act mandates that at least one woman be included on the Board of Directors of any public company. Accordingly, there should be at least one woman on the Board of Directors of commercial banks in Nepal. However, out of 27 A-class banks in Nepal, only 19 have women on their Board of Directors.

The Board of Directors of eight banks is still without women.

There is not a single woman among the six Board of Directors of Global IME Bank. NMB Bank has also not included women. There are no women on the Board of Directors of NIC Asia, Siddhartha and Nepal Bangladesh Bank.

“The Act has made women mandatory in the Board of Directors and we are also doing our homework for that,” says Surendra Raj Regmi, Information Officer of Global IME Bank.

The number of women employees in banks has increased along with on the Board of Directors than before the enactment of the Women Friendly Companies Act.

Who are the female members on the Board of Directors of which banks? 

Manju at Nepal Investment Bank

Manju Basnet has 31 years of experience in the banking sector. She has a degree in MBA. She is currently working as a Director in the Board of Directors of Nepal Investment Bank.

Asha at Nabil Bank

Asha Rana Adhikari holds the responsibility of Director in the Board of Directors of Nabil Bank. She has 32 years of experience in various financial fields. 

Romila at Rastriya Banijya Bank

Romila Dhakal Upreti is on the Board of Directors of Rastriya Banijya Bank. She has a Master’s Degree in Management. Upreti previously worked at Everest Bank for over 20 years.

Anju at Prabhu Bank

Anju Adhikari has 30 years of experience in various levels of Nepal Rastra Bank. She has been working as a Director in the Board of Directors of Prabhu Bank for the last two years.

Bimala at SBI Bank

Before joining the Board of Directors of SBI Bank, Bimala Subedi worked as an auditor. Subedi, who has a Bachelor’s Degree in Economics, has worked in the banking sector for 31 years.

Sita at Citizen Bank

Sita Karki KC has 15 years of experience working in the field of travel and entrepreneurship in Nepal. She is currently on the Board of Directors of Citizen Bank.

Shiva at Mega Bank

Shiva Devi Kafle has previously worked in a leading role at Nepal Rastra Bank. She has an MPhil in Economics.

Urmila at Everest Bank

Urmila Shrestha is the Public Director of Everest Bank. She also has experience working in various banks for a long time.

Amrita and Mohana at Bank of Kathmandu

There are two women on the Board of Directors of the Bank of Kathmandu. Amrita Upreti and Mohana Lohani are Directors of the bank.

Standard Chartered Bank led by Zarin

Zarin Daruwala is the Chairperson of Standard Chartered Bank for Nepal and Karen De Alwis is the Director. 

Sabitri at Nepal Bank

Sabitri Ranjit Shrestha is currently working as the Director of the Board of Directors of Nepal Bank.

Srijana at Machhapuchhre Bank

Srijana Karki Bhattarai has a Master’s in Business Administration. Bhattarai, who has worked in various companies and hospitals, is currently in the lead role of Machhapuchhre Bank.

Similarly, Suman Kumari Joshi is working as a Director in the Board of Directors of NCC Bank. Laxmi Bank’s Board of Directors includes Swasti Rongta in General Public and Bidhya Basnyat as the Director. Prof. Dr. Geeta Pradhan is on the Board of Directors of Century Bank. Similarly, Dr. Mangala Shrestha of Prime Bank, Anuradha Chaudhary of Kumari Bank and Gayatri Thapa of Sanima Bank are members of the Board of Directors.

Anupama Khunjeli is running Mega Bank, playing the role of CEO. Raveena Deshraj also plays a major responsibility in Mega Bank. Aarti Rana has recently been appointed as the CEO of Sunrise Bank.

Prabhu first and NIC second in employing females

At present, out of 44,502 employees in 27 Class A banks in Nepal, 17,300 are women. According to the Nepal Bankers Association, Prabhu Bank has the largest number of women employees. The bank has 1,293 female employees. Prabhu has more female employees than male. The number of male employees is 1,111.

NIC Asia Bank ranks second in keeping female employees, where 1207 employees are female. 

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