Lalit Narayan Rajbanshi (born 27 February 1999) is a Nepalese cricketer. He is a right-handed batsman and slow left-arm orthodox. He made his ODI debut for the Nepal team against UAE at ICCA Dubai on January 25, 2019.

On March 12, 2023, Lalit Rajbanshi skittled the UAE to their lowest ODI score with a match-winning maiden five-for. It was his best bowling performance for Nepal in ODI, surpassing his previous best of 4/36 against Namibia.