Roshon KC has formally taken charge as the chairman of Machhapuchchhre Bank, administering the oath of office and secrecy before Nepal Rastra Bank Governor Prof. Dr. Bishwanath Paudel at a ceremony held in Kathmandu on November 6, 2026. The swearing-in completes the formal process that elevated KC to the top of the commercial bank's governance structure, after he was elected unopposed to the board of directors from the founding shareholders' quota at the bank's 28th annual general meeting and subsequently appointed chairman by the board for a four-year term.

Governor Paudel Administers Oath of Office

The oath of office and secrecy was administered by Governor Prof. Dr. Bishwanath Paudel, placing the central bank's highest office at the centre of a transition that formally hands KC the leadership of the Machhapuchchhre Bank board. The ceremony in Kathmandu brought together officials from both sides of the country's banking system: the regulator that licenses and supervises commercial banks, and the leadership of the institution now stepping into a new chapter under KC's chairmanship.

From the Nepal Rastra Bank, executive directors and other officials attended the ceremony, reflecting the significance the central bank attaches to the assumption of office by the heads of the financial institutions it supervises. Representing the bank, members of Machhapuchchhre Bank's board of directors were present alongside the bank's chief executive officer, underscoring that the new chairman begins his tenure with the institution's leadership team standing alongside him.

The administration of the oath before the Governor follows the practice set out in Nepal's banking framework, under which newly appointed chairpersons and directors of banks and financial institutions must take the oath of office and secrecy before assuming their responsibilities. The oath binds incoming leadership to lawful conduct, integrity in decision-making and the protection of confidential information, obligations that carry particular weight in a sector built on public deposits and public trust.

From the Founders' Quota to the Chairman's Seat

KC's elevation to the chairmanship followed the established governance route for a Nepali commercial bank. The first step came at the bank's 28th annual general meeting, where he was elected to the board of directors from the founding shareholders' side without contest. An unopposed election from the founders' quota signals a consolidated position among the bank's founding shareholders and a clear consensus in favour of his candidacy for the board.

The second step came inside the boardroom. At its 567th meeting, the board of directors appointed KC as the chairman of the bank, entrusting him with the leadership of the body that provides strategic oversight of the institution. The appointment carries a four-year term, in line with the tenure applicable to the office under the country's banking laws, giving the new chairman a clearly defined period at the head of the board.

Key details of the appointment

  • New chairman: Roshon KC
  • Bank: Machhapuchchhre Bank
  • Oath administered by: Nepal Rastra Bank Governor Prof. Dr. Bishwanath Paudel
  • Date and venue: November 6, 2026, Kathmandu
  • Election: Unopposed to the board of directors from the founding shareholders' quota at the 28th annual general meeting
  • Appointment: By the board of directors at its 567th meeting
  • Term: Four years

A Transition Under the Regulator's Watch

For depositors and investors, the visible involvement of the Nepal Rastra Bank in the installation of a bank chairman serves as a marker of regulatory continuity. The presence of executive directors and other officials at the ceremony indicated that the transition at Machhapuchchhre Bank proceeded through the formal channels prescribed for the country's banking industry, from the shareholder election at the annual general meeting to the board's internal selection and, finally, the oath-taking before the Governor.

The attendance of the bank's board members and chief executive officer carried its own significance. It reflected a unified institutional front at the moment of leadership change, with the management team responsible for executing board decisions present as the new chairman took the oath. Such ceremonies, while brief, mark the point at which shareholder preference, board decision-making and regulatory oversight converge in the governance of a Nepali commercial bank.

Four-Year Mandate Begins

With the oath administered, KC's four-year term as chairman is now formally underway. The mandate places him at the head of the board of a commercial bank operating under the supervision of the Nepal Rastra Bank, with the direction of the institution's governance to be shaped in the boardroom in the period ahead. Machhapuchchhre Bank is a commercial bank licensed by the Nepal Rastra Bank, and further information about the institution is available on its official website, while details of the regulatory framework governing the sector can be found through the Nepal Rastra Bank.

For now, the formalities are complete. The shareholders have spoken at the annual general meeting, the board has made its choice at its 567th meeting, and the central bank's Governor has administered the oath of office and secrecy. Roshon KC begins his chairmanship of Machhapuchchhre Bank with a four-year term before him and the bank's board and management officially assembled around the new leadership.