Deputy Governor Pandit Discloses Investment Sources for Land Purchase Worth Over NPR 33 Million

Recently appointed Deputy Governor of Nepal Rastra Bank, Kiran Pandit, has purchased land valued at approximately NPR 33.5 million. He disclosed that the investment for this land purchase came from his and his wife’s earnings, supplemented by bank loans. The central bank published the asset details, which are required to be submitted within 60 days. (April 23, Kathmandu)

According to the asset declaration filed by Pandit, both his and his wife’s incomes along with loan sources contributed to the land acquisition. He specified that a plot in Tokha Municipality, Kathmandu, was acquired in his wife’s name for NPR 22 million. He further noted that the funding included bank loans alongside their personal incomes.

The declaration also reveals that the Deputy Governor’s wife holds land valued at around NPR 6.9 million in Tarkeshwor, Kathmandu, while Pandit owns land worth approximately NPR 1 million in Dhangadhi, Kailali. Additionally, they jointly invested with his brother in land valued at NPR 4 million in Rupandehi. In terms of family assets, land measuring 11 ropanis is registered in his father’s name in Tanahun, Damauli, and 6 aana of land in Kathmandu is under his mother’s name.

Deputy Governor Pandit possesses 20 tolas of gold, 250 tolas of silver, and diamonds valued at around NPR 200,000. The asset declaration states these were accumulated through marriage, traditional ceremonies, and personal earnings. He also holds savings exceeding NPR 22 million in Nepal Rastra Bank, Employees Provident Fund, and various other banks. Furthermore, he has investments exceeding 700 shares across several companies, as disclosed in his asset report.