Sunrise Bank CEO Submits Resignation; Board Grants Approval Effective Immediately

The CEO of Sunrise Bank Limited (SRBL) has resigned from his post.

CEO Janak Sharma Poudyal submitted his resignation on Magh 27. The meeting of the board of directors held on the same day then approved his resignation effective immediately. Arati Rajyalaxmi Rana is the Deputy CEO of Sunrise Bank Limited, second in charge of the company's management.

While writing this, the LTP of SRBL is Rs. 311. Sunrise Bank (SRBL) has published its second-quarter report for the FY 2077/78 with a meagre rise in net profit by 0.53%. The bank’s profit has increased from Rs 94.43 crore in the second quarter of the fiscal year 2076/77 to Rs 94.94 crore in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 21.33 crore as distributable profit after PL Appropriation and Regulatory Adjustments.