Skip to content
|Loading...
Share Gyan home
EBook

Leadership Change at Himalayan Bank: Baikuntha Aryal Appointed Chairman

Former Chief Secretary Baikuntha Aryal has been appointed Chairman of Himalayan Bank Limited (HBL), following the resignation of former chairman Prachanda Bahadur Shrestha.

Published By Share Gyan
Leadership Change at Himalayan Bank: Baikuntha Aryal Appointed Chairman

Himalayan Bank Limited (HBL) has appointed former Chief Secretary Baikuntha Aryal as its new Chairman. The bank’s recently held Board of Directors meeting decided to appoint Aryal to the position. Aryal brings extensive experience from Nepal’s public administration sector. During his career in government service, he has held several key responsibilities related to finance, administration and public management. He also served as the Chief Secretary of the Government of Nepal, the highest-ranking position in the civil service. Meanwhile, the bank’s Board of Directors has accepted the resignation of Prachanda Bahadur Shrestha, who previously served as the chairman of Himalayan Bank. The appointment of Aryal marks a change in the bank’s leadership following Shrestha’s resignation.

Related News

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

Companies in This News