Lumbini Bikas Bank hikes salary of CEO

लगानी न्यूज

१३ कार्तिक २०८२, बिहीबार १२:३९October 30, 2025

. Nepal Rastra Bank (NRB) has taken action against the director of Lumbini Bikas Bank. Nepal Rastra Bank (NRB) has warned the bank that it has increased the salary of the CEO in a short period of time till the first quarter of the current fiscal year.

The central bank has alerted the then board of directors after it was found that the board of directors of Lumbini Bikas Bank had increased the perks for some time after re-appointing the CEO for the second term.TAG_OPEN_div_6

The report prepared after the on-site inspection of the bank found that the Board of Directors of the organization had increased the facilities mentioned on the date of reappointment of the Chief Executive Officer for the second term after a short period of time and violated the provisions of Section 29 (7) of the Bank and Financial Institutions Act, 2073. Cautioned pursuant to clause (a) of sub-section 1 of Section 100 of 1990. The action taken by the central bank said.