Muktinath Bikas Bank appoints a director representing public shareholders

ShareSansar July 30:

Muktinath Bikas Bank Limited (MNBBL) has appointed Mr. Chudamani Kandel as one of the director of the BoD of the company. A post of director representing public shareholder had been vacant in the Bank.

As per the press release published today, The BOD meeting of the Bank held on Shrawan 13, 2072 has appointed Mr. Kandel, a permanent resident of Lekhani VDC, as a director representing the public shareholder group.

The promoter and Public shareholder ratio of the bank stands at 51:49. The BoD of the Bank is an 8 member committee consisting of 4 representatives from promoter shareholders, 3 from public shareholders and 1 professional expert.  

Muktinath Bikas Bank has started it operation as a National level Development Bank from Ashad 30, after acquiring Dhading based Civic Development Bank.