The earnings of CEOs in Nepal’s commercial banks have become a major topic of public discussion and scrutiny. In FY 2080/81, top executives of both domestic and foreign banks earned multi-crore packages, reflecting the responsibility of managing institutions with trillions of rupees in assets. This report provides a detailed breakdown of their total remuneration, including salaries, bonuses, allowances, and other benefits, highlighting how Nepal’s highest-paid bank executives are compensated.
Total Annual Remuneration of Commercial Bank CEOs in Nepal (FY 2080/81)
| Rank | Bank | CEO Name | Total Annual Remuneration (NPR) | Approx. in Crore |
|---|---|---|---|---|
| 1 | Standard Chartered Bank Nepal | Anirvan Ghosh Dastidar | 85,190,000 | 8.51 crore |
| 2 | Nepal Investment Mega Bank (NIMB) | Jyoti Prakash Pandey | 41,250,000 | 4.12 crore |
| 3 | Prabhu Bank | Ashok Sherchan | 39,430,000 | 3.94 crore |
| 4 | NIC Asia Bank | Roshan Kumar Neupane | 29,860,000 | 2.98 crore |
| 5 | NMB Bank | Sunil KC | 24,160,000 | 2.41 crore |
| 6 | Nabil Bank | Gyanendra Prasad Dhungana | 23,650,000 | 2.36 crore |
| 7 | Himalayan Bank | Ashok Rana | 21,520,000 | 2.15 crore |
| 8 | Sanima Bank | Nischal Raj Pandey | 19,360,000 | 1.93 crore |
| 9 | Machhapuchhre Bank | Santosh Koirala | 18,600,000 | 1.86 crore |
| 10 | Laxmi Sunrise Bank | Ajay Bikram Shah | 17,260,000 | 1.73 crore |
| 11 | Siddhartha Bank | Sundar Prasad Kadel | 17,030,000 | 1.70 crore |
| 12 | Citizens Bank | Ganej Raj Pokharel | 16,530,000 | 1.65 crore |
| 13 | Prime Commercial Bank | Sanjeev Manandhar | 16,390,000 | 1.63 crore |
| 14 | Global IME Bank | Surendra Raj Regmi | 15,650,000 | 1.56 crore |
| 15 | Kumari Bank | Ram Chandra Khanal | 9,290,000 | 0.93 crore |
| 16 | Krishi Bikas Bank | Govinda Gurung | 5,950,000 | 0.59 crore |
| 17 | Rastriya Banijya Bank | Devendra Raman Khanal | 5,740,000 | 0.57 crore |
| 18 | Nepal Bank Limited | Tilak Raj Pandey | 5,480,000 | 0.55 crore |
Standard Chartered Bank CEO Salary: Anirvan Ghosh Dastidar
Anirvan Ghosh Dastidar, CEO of Standard Chartered Bank Nepal, earned a total of Rs. 85.19 million (Rs. 8.51 crore) in FY 2080/81, making him the highest-paid bank executive in the country.
Nepal Investment Mega Bank CEO Salary: Jyoti Prakash Pandey
Jyoti Prakash Pandey, CEO of Nepal Investment Mega Bank (NIMB), received a total of Rs. 41.25 million (Rs. 4.12 crore). His compensation included a basic salary of Rs. 16.08 million, allowances of Rs. 17.17 million, Dashain allowance of Rs. 2.23 million, provident fund of Rs. 1.6 million, and a performance bonus of Rs. 10.6 million.
Prabhu Bank CEO Salary: Ashok Sherchan
Ashok Sherchan, CEO of Prabhu Bank, earned Rs. 39.43 million (Rs. 3.94 crore) during FY 2080/81. His package comprised Rs. 31.23 million as basic salary, Rs. 3.53 million as employee bonus, and Rs. 4.67 million as Dashain and leave allowances.
NIC Asia Bank CEO Salary: Roshan Kumar Neupane
Roshan Kumar Neupane, CEO of NIC Asia Bank, received Rs. 29.86 million (Rs. 2.98 crore). This includes Rs. 24.77 million in salary and allowances, Rs. 5.53 million in performance bonuses, and Rs. 0.12 million in other benefits.
NMB Bank CEO Salary: Sunil KC
Sunil KC, CEO of NMB Bank, earned a total of Rs. 24.16 million (Rs. 2.41 crore). His package includes Rs. 9 million as basic salary, Rs. 8.5 million in allowances, Rs. 0.9 million in provident fund contribution, and Rs. 5.71 million in bonus.
Nabil Bank CEO Salary: Gyanendra Prasad Dhungana
Gyanendra Prasad Dhungana, CEO of Nabil Bank, received Rs. 23.65 million (Rs. 2.36 crore), which includes Rs. 13.25 million as basic salary and Rs. 9.57 million in other benefits.
Machhapuchhre Bank CEO Salary: Santosh Koirala
Santosh Koirala, CEO of Machhapuchhre Bank, earned Rs. 18.6 million in total annual remuneration during FY 2080/81.
Siddhartha Bank CEO Salary: Sundar Prasad Kadel
Sundar Prasad Kadel, CEO of Siddhartha Bank, received Rs. 17.03 million for the fiscal year.
Laxmi Sunrise Bank CEO Salary: Ajay Bikram Shah
Ajay Bikram Shah, CEO of Laxhmi Sunrise Bank, earned Rs. 17.26 million in FY 2080/81.
Citizens Bank CEO Salary: Ganej Raj Pokharel
Ganesh Raj Pokharel, CEO of Citizens Bank, received Rs. 16.53 million as total annual pay.
Prime Commercial Bank CEO Salary: Sanjeev Manandhar
Sanjeev Manandhar, CEO of Prime Commercial Bank, earned Rs. 16.39 million during the fiscal year.
Sanima Bank CEO Salary: Nischal Raj Pandey
Nischal Raj Pandey, CEO of Sanima Bank, received Rs. 19.36 million in total compensation.
Himalayan Bank CEO Salary: Ashok Rana
Ashok Rana, CEO of Himalayan Bank, earned Rs. 21.52 million in FY 2080/81.
Global IME Bank CEO Salary: Surendra Raj Regmi
Surendra Raj Regmi, CEO of Global IME Bank, received Rs. 15.65 million in total pay.
Kumari Bank CEO Salary: Ram Chandra Khanal
Ram Chandra Khanal, CEO of Kumari Bank, earned Rs. 9.29 million for the fiscal year.
Rastriya Banijya Bank CEO Salary: Devendra Raman Khanal
Devendra Raman Khanal, CEO of Rastriya Banijya Bank, received Rs. 5.74 million during FY 2080/81.
Nepal Bank CEO Salary: Tilak Raj Pandey
Tilak Raj Pandey, CEO of Nepal Bank, earned Rs. 5.48 million in total remuneration.
Krishi Bikas Bank CEO Salary: Govinda Gurung
Govinda Gurung, CEO of Krishi Bikas Bank, received Rs. 5.95 million for FY 2080/81.
Why Do Bank CEOs Earn So Much?
Bank executives justify their high salaries by citing the responsibility of managing large financial institutions, maintaining regulatory compliance, and safeguarding depositor funds. They argue that competitive remuneration is necessary to retain experienced leadership. Critics, however, claim these pay levels are disproportionately high in a developing economy like Nepal, widening the income gap between top executives and average employees.
Top 6 Highest-Paid Bank CEOs in Nepal (FY 2080/81)
| Rank | CEO | Bank | Annual Pay (NPR) |
|---|---|---|---|
| 1 | Anirvan Ghosh Dastidar | Standard Chartered Bank | 85.19 million |
| 2 | Jyoti Prakash Pandey | NIMB Bank | 41.25 million |
| 3 | Ashok Sherchan | Prabhu Bank | 39.43 million |
| 4 | Roshan Kumar Neupane | NIC Asia Bank | 29.86 million |
| 5 | Sunil KC | NMB Bank | 24.16 million |
| 6 | Gyanendra Prasad Dhungana | Nabil Bank | 23.65 million |
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