Himal Press 
KATHMANDU: The government has appointed new chief executives to three state-owned institutions under the Ministry of Finance.
A cabinet meeting held on Tuesday appointed Rajan Bikram Thapa as chairperson of the Nepal Insurance Authority (NIA), Pitambar Bhandari as CEO of the Deposit and Credit Guarantee Fund, and Pratap Subedi as CEO of Nepal Stock Exchange (Nepse).
Thapa resigned from his position as executive director of the Nepal Rastra Bank (NRB) to lead the regulatory body of the country’s insurance industry.
Bhandari is a former executive director of the Nepal Rastra Bank (NRB), while Subedi earlier served as acting CEO of Agricultural Development Bank Ltd (ADBL).
Thapa was appointed on the recommendation of a selection committee formed by the Ministry of Finance, according to the finance ministry.
Finance Minister Swarnim Wagle administered the oath of office and secrecy to Thapa at a ceremony held at the ministry on Wednesday.
After administering the oath, Wagle instructed the newly appointed chairperson to work fearlessly and confidently to enhance the credibility of the insurance sector.
Similarly, Minister Wagle handed over the appointment letter to the Deposit and Credit Guarantee Fund’s newly appointed CEO Bhandari and wished him a successful tenure. He also urged Bhandari to uphold the institution’s reputation and remain committed to protecting citizens’ deposits.
Similarly, the Cabinet appointed Subedi as CEO of Nepse on the recommendation of a selection committee formed by the finance ministry.
Minister Wagle handed Subedi his appointment letter on Wednesday and instructed him to discharge his duties with integrity.
