Kathmandu – Success, as they say, comes with consistent effort and perseverance. Subash Jamarkattel, Deputy General Manager of Machhapuchchhre Bank, exemplifies this journey. Once dreaming of becoming a professor, Jamarkattel’s path took a turn, leading him to become a distinguished figure in Nepal’s banking sector.

Born and raised in a middle-class family in western Chitwan, Jamarkattel completed his early education at a government school, where his father served as the principal. An exceptional student, he consistently topped his class, even achieving board-topping results. Despite his early aspiration to pursue an academic career, his journey eventually led him to study Chartered Accountancy (CA), paving the way for his entry into banking.

Struggles Abroad: A Turning Point

Jamarkattel’s decision to study CA took him to New Delhi, India, where he encountered significant challenges. His routine involved early morning classes, full-time work, and evening study sessions, leaving little time for rest. “I once stayed up for five days straight preparing for exams,” he recalls. These experiences instilled resilience and discipline, which became the foundation of his professional success.

Upon returning to Nepal, Jamarkattel joined the banking sector, starting his career as an Assistant Manager at the then B.O.R Development Bank with a monthly salary exceeding NPR 40,000. Since then, his dedication and hard work have propelled him through various roles, culminating in his current leadership position at Machhapuchchhre Bank.

A Commitment to Responsibility

For Jamarkattel, responsibility is paramount. “The greatest achievement in life is fulfilling the responsibilities entrusted to you,” he says. He views every task and role as an opportunity to prove his capabilities, placing institutional priorities above personal interests.

Throughout his 15-year banking career, Jamarkattel has turned challenges into opportunities, guided by the ancient Chinese Tai Chi philosophy that emphasizes harmony between physical, mental, and spiritual well-being.

Insights into Nepal’s Banking Sector

Jamarkattel believes Nepal’s banking industry has made significant strides in adopting technology but acknowledges that financial literacy remains an area needing attention. He also highlights the importance of training for banking professionals, emphasizing skills like decision-making, people management, and operational methodologies.

He advises aspiring bankers to enter the field with clear goals, unwavering dedication, and a commitment to integrity and organizational loyalty. “Education is important, but honesty and dedication play a larger role in achieving success as a banker,” he says.

Despite lucrative offers from international banks, Jamarkattel has chosen to remain in Nepal, believing in the potential of the country’s banking sector and its professionals. His inspiring journey from an aspiring professor to a successful banker demonstrates how resilience, dedication, and adaptability can lead to remarkable achievements.