Nepal Bank Limited (NBL)
management has sped up the
process of appointing a new
chief executive officer
(CEO), after Nepal Rastra
Bank (NRB) decided to pull
itself out from the bank’s
management.
NBL, the oldest commercial
bank of the country, is
preparing to publish a
vacancy notice within the
third week of January. “We
are doing groundwork for
publishing the notice of
vacancy for a CEO,” said
Puspa Raj Rajkarnikar,
coordinator of the NBL
management committee
(Board). “We will publish
the vacancy notice within
the third week of January.”
After the central bank’s
five consecutive efforts to
appoint a CEO could not
yield positive results, the
NRB decided to entrust the
responsibility of appointing
the CEO to the NBL board.
The central bank has asked
the NBL board to start the
process of appointing the
new CEO by mid-March and
complete it by mid-April,
paving the way for the
complete withdrawal of the
management team assigned by
the central bank.