NRB Holds Discussion with the Board Members of Sunrise Bank

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NRB Holds Discussion with the Board Members of Sunrise Bank

July 27: Nepal Rastra Bank held discussion with the Board of Directors (BOD) of Sunrise Bank on Sunday, July 26 regarding the board’s attempt to remove the bank’s CEO. NRB had called both the parties for discussion after the BOD had demanded the resignation of CEO Janak Poudel.

However, NRB held discussion only with the board members. Executive Director of the central bank’s BFI Regulatory Department Dev Kumar Dhakal, executive director of the bank’s Supervision Department Mukunda Chhetri, BOD chairman Moti Lal Dugar, directors Bachha Raj Tater, Malchand Dugar, Shailendra Guragain, Sharada Sharma, Dipak Nepal and Om Krishna Joshi were present during the discussion.

During the discussion, officials of NRB only asked the board members about the reason of the recent dispute. Executive director Dhakal did not want to speak about details of the discussion and only said that it was a normal routine process of NRB.

In the half an hour-long discussion, Sunrise BOD told NRB that they were not satisfied with the performance of the CEO. “We have put our words in front of NRB officials, but they have not given any suggestion yet. We are waiting for their suggestion,” one of the directors of the bank said.

On the other side, CEO Poudel expressed his dissatisfaction that he was not invited in the discussion and reiterated that he will not resign.