Nabil Bank appoints Anil Keshary Shah as new CEO; Shah returning to Nabil after 8 years

Nabil Bank Limited (NABIL) has appointed Mr. Anil Keshary Shah as the new Chief Executive Officer (CEO) of the bank. Mr. Shah has been appointed as the new CEO effectively. He has been appointed as the new CEO after former CEO Mr. Sashin Joshi resigned from his post. As per the notice published in NEPSE today, the bank’s BOD meeting of company held yesterday has decided to appoint Mr. Anil Keshary Shah as the new CEO of the company. Completing his 8-years tenure of CEO in Mega Bank Nepal Limited (MEGA), Mr Shah’s tenure was about to join Century Commercial Bank Limited (CCBL), but due to limitations of salary as demanded by the Shah from Nepal Rastra Bank, he didn't join CCBL . As per the current provisions in BAFIA, CEO of BFIs cannot hold the same position for more than two tenures. Shah’s second tenure was completed on December 25. Mr. Shah is an MBA from Delhi University and has studied from John F Kennedy School of Government. He first joined Nepal Grindlays Bank (now Standard Chartered Bank) in an assistant position. He has also served for Nabil Bank as its CEO for 5 years. Mr. Shah is the chairman of Nepal Bankers Association and Shah is a famous icon of banking industry, mostly followed by youths and freshers appreciating his motivational lectures.