Shiva Kafle named CEO of RBB
Thu, Aug 11, 2011 12:00 AM on Others,
KATHMANDU, AUG 11 -
The government has appointed Shiva Devi Kafle, a board member of Rastriya Banijya Bank (RBB), as its chief executive officer for the time being after Nepal Rastra Bank (NRB) recently stipulated that banks and financial institutions should not have an executive chairman.
Earlier, board chairman Ram Prasad Adhikari had been serving as managing director of the government-owned bank too after the term of former CEO Janardan Acharya expired.
A former director of the central bank, Kafle is also the first woman CEO in any commercial bank. She had retired from the central bank about a year ago and joined as board member of RBB four months ago.
The minister-level decision of the Finance Ministry named her CEO on Tuesday until another arrangement is made for the post. The government is preparing to appoint the new CEO through a competitive process.
Kafle said that she would not comment on her plans for RBB as she had not received a formal appointment letter. As it is a temporary arrangement, the government-formed selection committee headed by energy secretary Balananda Poudel is working on a new selection criteria.
Source: Kantipur
The government has appointed Shiva Devi Kafle, a board member of Rastriya Banijya Bank (RBB), as its chief executive officer for the time being after Nepal Rastra Bank (NRB) recently stipulated that banks and financial institutions should not have an executive chairman.
Earlier, board chairman Ram Prasad Adhikari had been serving as managing director of the government-owned bank too after the term of former CEO Janardan Acharya expired.
A former director of the central bank, Kafle is also the first woman CEO in any commercial bank. She had retired from the central bank about a year ago and joined as board member of RBB four months ago.
The minister-level decision of the Finance Ministry named her CEO on Tuesday until another arrangement is made for the post. The government is preparing to appoint the new CEO through a competitive process.
Kafle said that she would not comment on her plans for RBB as she had not received a formal appointment letter. As it is a temporary arrangement, the government-formed selection committee headed by energy secretary Balananda Poudel is working on a new selection criteria.
Source: Kantipur
