KATHMANDU, May 8: The chairpersons of all government-owned banks in Nepal have resigned after the government decided to remove politically appointed officials from public institutions.
According to sources at the Ministry of Finance, the chairperson and the entire board of directors of Rastriya Banijya Bank have stepped down. In the case of the Agricultural Development Bank and Nepal Bank Limited, only the chairpersons have resigned.
Lending slows as banks focus on recovery of loans at fiscal yea...
Former Executive Director of Nepal Rastra Bank Dev Kumar Dhakal had been serving as chairperson of Rastriya Banijya Bank. Other board members, including Than Prasad Pangeni, Laxman Ghimire, Prof Dr Ram Prasad Gyawali, Romila Dhakal Upreti, Dr Surya Bahadur Rana and Hari Kumar Silwal, have also submitted their resignations.
Similarly, Dim Prasad Poudel, chairperson of Agricultural Development Bank, and Prof Dr Dilli Raj Sharma, chairperson of Nepal Bank Limited, have resigned from their posts. All of them had been appointed by the previous government.
Although the recently introduced ordinance does not specifically mention Nepal Rastra Bank or state-owned banks, the resignations are seen as a direct consequence of the government’s move to replace politically appointed officials in public bodies.
-1778465739.webp)
