Board Of Director

Mr. Mahendra Kumar Goyal
Chairman

Mr. Mahendra Kumar Goyal, 59, has been an integral part of Excel Development Bank Limited since its inception and has played a crucial role in establishing the bank. Mr. Goyal holds a B.Com. degree, associated with the Bank since January 12, 2008 and has been serving as the Chairman of Excel Development Bank since March 25, 2019. He has over three decades of experience in various trading/import/export business units. He is ex-member of CBFIN and President of BFIs & Insurance Committee, Nepal Chamber of Industries and Commerce Kathmandu. His active involvement in social and religious activities further highlights his commitment to the community.

Throughout his career, Mr. Goyal has demonstrated exceptional leadership and business acumen, driving growth and innovation across multiple sectors. His visionary approach and dedication have significantly contributed to the bank’s success and reputation. Under his guidance, Excel Development Bank has continued to thrive, delivering excellent services to its customers and stakeholders.

Mr. Parshuram Dahal
Director

Mr. Parshuram Dahal is a distinguished business leader and financial expert with over 30 years of experience in trade, banking, real estate, and taxation. Holding a Bachelor’s Degree in Commerce and certifications in Guest Satisfaction Systems (GSS) and Enhancing Professional Image (SAFA), he has demonstrated exceptional leadership as President of R.B. Complex Professional Association, Success Pvt. Ltd., and Style Hunt Pvt. Ltd. He is also the owner of Revive Trading, a prominent trading company in Kathmandu, and has served as an Executive Member of the Nepal Chamber of Commerce. As a Director of Excel Development Bank since 2013 and Promoter of Global IME Bank Ltd., Mr. Dahal has significantly contributed to the financial sector. His global perspective, gained from business engagements in over 11 countries, including the USA, Australia, UAE, and India, further enriches his expertise.

A certified Tax Auditor since 1993, Mr. Dahal has been instrumental in promoting ethical financial practices. He has served as a Tax Mediator for Nepal’s Inland Revenue Department and as a tax expert for Kathmandu Metropolitan City. His active participation in seminars on Anti-Money Laundering, International Tax, Double Taxation Agreements, and Auditing Standards highlights his commitment to professional excellence. As a member of the Trade Facilitation Committee of the Nepal Custom Department, he has played a pivotal role in ensuring regulatory compliance and fostering economic development. Mr. Dahal’s visionary leadership, extensive experience, and dedication to best practices make him a respected figure in Nepal’s business and financial community.

Mr. Yagya Prasad Sharma
Director

Mr. Yagya Prasad Sharma, 57, joined Excel Development Bank as a director on December 13, 2023. He holds an MBA from Tribhuvan University and has a distinguished banking career that began in 1990 at Nabil Bank, where he served until 2023. Mr. Sharma is known for his expertise in policy-level decisions, credit business management, infrastructure and projects financing, and management development. In his long tenure with Nabil Bank he has managed different divisions, departments, provincial office, and branches. He is also an experienced trainer who has conducted numerous trainings and obtained exposure of international and national trainingsand visit programs in different countries, in relation with general banking, credit management, NPA Management and management development programs. He also has vast experience as a director in the Boards of different microfinance banks of Nepal.

Mr. Sharma’s extensive experience and knowledge have made him a valuable asset to Excel Development Bank. His contributions to policy-making and his ability to navigate complex credit business issues have been instrumental in the bank’s continued growth and development. His commitment to professionalism, excellence and continuous improvement reflects his dedication for the development of banking sector.

Mr. Prakash Babu Pant
Director

Mr. Prakash Babu, 57, Pant has been associated with Excel Development Bank as a director since March 3, 2024. Mr. Pant holds an EMBA from Purwanchal University. He began his banking career at Nabil Bank in 1989 and served until 2023. Mr. Pant is an expert in credit business, credit risk management, Policy formulation, trade finance, NPA recovery management, and overall branch and province-level operations. He is also a well-known proponent of prudent credit practices and has participated in and conducted numerous national and international training programs.

Mr. Pant’s extensive experience and deep understanding of the banking sector have been invaluable to Excel Development Bank. His expertise in managing credit risk and his commitment to maintaining high standards of credit practice have significantly contributed to the bank’s success. His leadership and strategic insights continue to drive the bank towards achieving its goals.

Mrs. Sabitri Lohani Dahal
Director

Mrs. Sabitri Lohani, 54, has been serving as a director at Excel Development Bank since June 5, 2024. She holds an MBA from Tribhuvan University and started her banking career at Nabil Bank in 1993, where she served until 2022. Mrs. Lohani is a certified AML/CFT expert and has expertise in operation management, AML/CFT, operation risk, and trade business in banking. Her extensive experience and knowledge in these areas have made her a valuable asset to Excel Development Bank.

Mrs. Lohani’s commitment to excellence and her deep understanding of operation management and AML/CFT have significantly contributed to the bank’s success. Her leadership and expertise in managing operational risks and ensuring compliance with regulatory requirements have been instrumental in maintaining the bank’s high standards. Mrs. Lohani’s dedication and strategic insights continue to drive the bank towards achieving its goals.

Dr. Rupak Prasad Khanal
Director

Dr. Rupak Prasad Khanal, 58, has been serving as a director at Excel Development Bank since October 28, 2024. Dr. Khanal holds a PhD from India and an MBA from Tribhuvan University. He is Chief and Founder of Gomendra Educational Foundation P. Ltd., where he has been associated and teaching for the past 28 years. Dr. Khanal has also held leadership positions such as Central Vice President and Koshi Province Coordinator at the National Human Rights Foundation, and President of the Human Rights-JhapaNetwork. His active participation in numerous social organizations and groups showcases his dedication to societal development.

Dr. Khanal’s academic background and extensive experience in human rights and social work bring a unique perspective to Excel Development Bank. His commitment to education and social justice aligns with the bank’s values of integrity and community engagement. Dr. Khanal’s leadership and vision have been instrumental in guiding the bank’s efforts towards sustainable growth and social responsibility.

Mr. Jagannath Dhungel
Director

Mr. Jagganath Dhungel, 57, is a seasoned banking professional with over three decades of experience in the financial sector. He began his banking career at Standard Chartered Bank in 1992 and served there until 2024, gaining extensive expertise in credit documentation, credit administration, regulatory reporting, digital banking, trade operations, branch operations, and people management. He holds an MBA from Tribhuvan University (TU) and has enriched his skills through various national and international training programs, including the Credit Skills Assessment Program by Omega Performance in Singapore, the International Trade Skill Assessment Program by Standard Chartered Bank in London, and the Train the Trainers of Financial Literacy by NBI. His diverse skill set and deep industry knowledge make him a valuable asset in the banking and financial services sector.

In addition to his banking career, He is actively engaged in financial literacy and banking operation facilitation, providing training to enhance industry standards. He is also deeply involved in stock market trading and investment strategies, showcasing his versatility in financial markets. As of February 18, 2025, he serves as a director at Excel Development Bank, bringing his wealth of experience to drive growth and innovation. His commitment to professional development and his ability to adapt to evolving financial landscapes underscore his reputation as a dynamic and forward-thinking leader in the banking industry.

Mr. Parshuram Dahal
Director

Mr. Yagya Prasad Sharma
Director

Mr. Prakash Babu Pant

Director

Mrs. Sabitri Lohani Dahal
Director

Dr. Rupak Prasad Khanal
Director

Mr. Jagannath Dhungel
Director

Board Of Director