Government Nominated Directors Resign from State-Owned Banks

Kathmandu. Directors representing the government in state-owned banks have resigned.

Chairpersons and directors appointed by the government or who became directors on behalf of the government in the boards of Rastriya Banijya Bank and Agricultural Development Bank have resigned.

Rastriya Banijya Bank director Devkumar Dhakal said he submitted his resignation letter on Wednesday itself. He stated that the resignation was given with the objective of supporting the government. Along with him, other directors also resigned on Wednesday.

On the other hand, Agricultural Development Bank Chairman Dimprasad Poudel and its directors submitted their resignations on Wednesday itself. The bank's company secretary Himlal Poudel informed that the chairman and directors representing the Ministry of Finance have resigned.

Directors appointed by shareholders and independent directors in banks that have issued ordinary shares have not resigned.

Although the government removed 1594 people through an ordinance, it did not affect Nepal Rastra Bank and banks and financial institutions. The Ministry of Finance had sent a message to the officials of those banks to resign.

Resignations from the directors of Nepal Bank have not yet been received. However, it is said that they have also committed to resigning.