Appointment of Pitambar Bhandari as CEO of Deposit and Credit Guarantee Fund

The government of Nepal has appointed Pitambar Bhandari as the Chief Executive Officer of the Deposit and Credit Guarantee Fund. The cabinet finalized this decision on November 3, 2026, acting on a formal recommendation from the Ministry of Finance. Finance Minister Dr. Swarnim Wagle formally presented the appointment letter to Bhandari on November 4, 2026, urging the new CEO to prioritize the protection of public deposits and uphold the institution's integrity to ensure financial stability.

Bhandari brings extensive experience to the role, having served for approximately 25 years at the Nepal Rastra Bank, the country's central bank, where he eventually reached the position of Executive Director. His career includes leadership roles in monetary management, financial institution supervision, and risk management. Additionally, Bhandari has previously served on the board of directors for both the Securities Board of Nepal and the Deposit and Credit Guarantee Fund itself, providing him with significant familiarity with the organization he now leads.