Nabil Bank finally appoints Anil Keshari Shah as new CEO after 8 years

Nabil Bank Limited (NABIL) has appointed Mr. Anil Keshari Shah as the new Chief Executive Officer (CEO) of the bank. After a lot of controversy since his first appointment as the CEO of the bank and the implementation of the cooling period by Nepal Rastra Bank, he has finally been appointed as the CEO of NABIL after serving as an Acting CEO since Falgun, 2074.

As per the notice published in NEPSE today, the bank’s 448th BOD meeting of company held today has decided to appoint Mr. Anil Keshari 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 did not 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.

After that Mr. Shah joined NABIL as the new CEO after former CEO Mr. Sashin Joshi resigned from his post. However, with the implementation of Nepal Rastra Bank’s new directive regarding 6 months cooling period, he had to step down from the appointment. And Nabil Bank had appointed him as the Deputy CEO. Rastra Bank has implemented the directive due to the risk of conflict of interest. However, the 479th BOD meeting of the commercial bank held on Falgun 3, 2074 appointed Mr. Shah in the position of Acting CEO to be effective from Falgun 5, 2074.

 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 a famous icon of banking industry, mostly followed by youths and freshers appreciating his motivational lectures.