NEPSE Chairman Hemanta Basyal Resigns Mid-Tenure
Chairman Hemanta Basyal resigned Tuesday after meeting Finance Minister Dr. Swarnim Wagle, citing specific personal reasons for his departure.
The leadership of the Nepal Stock Exchange (NEPSE) has entered a state of transition following the unexpected resignation of its Chairman, Hemanta Basyal. Having served in the role since his appointment in early September 2024, Basyal tendered his resignation to Finance Minister Dr. Swarnim Wagle, citing undisclosed "special reasons" for cutting his term short. This move comes at a critical time for the capital market, which is currently navigating various regulatory shifts and technological upgrades. Market observers are now closely watching the Finance Ministry's next steps, as the vacancy at the top of the exchange could impact the pace of ongoing financial reforms and policy implementations. The government is expected to initiate a formal search process soon to ensure administrative continuity and maintain investor confidence in the country's stock market governance.