Kathmandu. KATHMANDU: Sujit Kumar Shakya has been appointed as the bank’s first man as the CEO of NIC Asia Bank. A meeting of the Board of Directors of NIC Asia Bank held on Monday appointed Shakya as the CEO of the bank.

Shakya, who has worked in many banks, is working as a ‘Firstman’ at NIC Asia for the first time. The board of directors of the bank has appointed Mr. Shakya as the CEO of the bank within the next 30 days.

The board of directors of the bank has appointed Shakya for a term of 4 years. After being appointed as the CEO, Shakya said that he will take the bank to a new height. Shakya was the senior deputy CEO of Nabil Bank. He has also served as the acting CEO of Nabil Bank.

Shakya has more than 3 decades of experience in banking. He was with Global IME Bank before joining Nabil. Prior to that, he was with Janata Bank. He had worked for some time in Global India after Janata merged with Global. He had also worked in Civil Bank before the people. Prior to this, he had also worked with NIC Asia Bank.

He has also worked with various banks in Nepal, including Sri Lanka Merchant Bank, Himalayan Bank, Laxmi Bank, Bank of Asia Nepal, NIC Asia Bank, Civil Bank, Janata Bank, Global IME Bank Limited, among others. Shakya holds a Master’s degree in Business Management from the Institute of Productivity Management, Lucknow, UP, India.

Shakya, who has worked in several banks, is facing the challenge of improving the financial indicators at NIC Asia Bank. In Falgun 2079, Durga Prasain had publicly made the following statement against NIC Asia Bank. “NIC Asia Bank is going bankrupt,” he wrote on his Facebook page. Savers should withdraw their money immediately,” he wrote. After that, some depositors of the bank withdrew their deposits, which reduced the bank’s deposits.

Prasain also said in other places and programs about the bank, “The owner of the bank, i.e. Vishal Group, is making arrangements to flee the country within 1 year and the savers should keep their money safe.” “You kept it,” he said. Due to the public statement made by Prasain, the confidence of the bank customers has also decreased. However, Nepal Rastra Bank (NRB) has clarified that the depositors’ deposits in the bank are safe.

Likewise, Nepal Rastra Bank (NRB) had issued a warning to the bank’s directors, directors and former CEOs. Similarly, some years ago, the Nepal Rastra Bank had taken action against the banks for violating the rules in the areas of loan classification, loan loss provision, capital adequacy, risk weight, etc. As a result, the bank could not distribute dividends to its investors for 2 financial years.

The central bank had taken action against the bank for not providing clear information to the customers about the interest rate, installment arrangement, loan and other important information to be informed.

Currently, the operating expenses are high due to the large number of branches of the bank. As a result, banks have to manage branches. At the same time, the non-banking assets of the bank are also on the rise. As a result, the bank has been issuing notices for the sale of its non-banking assets in newspapers almost every day. Shakya also faces the challenge of managing non-performing loans.

Similarly, the ability of the bank to pay dividends to its investors in the last fiscal year has been negative. Indicators such as profit, earnings per share, net worth per share and other indicators are also on the decline.

In the last fiscal year, the bank’s net profit stood at Rs 15.67 crore. The bank had posted a net profit of Rs 1,000 crore in the previous fiscal year. The profit of the bank has decreased by 91.81 percent in a year. In the last financial year, the net profit of the bank has decreased due to the decrease in net interest income and increase in impairment charge.

In the last fiscal year, the bank’s net interest income was Rs 7.96 billion. It had decreased by 2.78 percent compared to the previous year. In the previous fiscal year, the bank had a net profit of Rs 8.18 billion. In the previous fiscal year, the bank had set aside Rs 2.14 billion for impairment charge, but in the last fiscal year, it had set aside Rs 3.05 billion. As a result, the bank’s net profit has decreased.

In the second half of the current FY, the bank has allocated Rs 13.10 billion in loan loss provision. Most of the bank’s loans have been converted into non-banking assets. As a result, the bank’s bad loans are slightly lower than other banks. At the end of the last FY, the bank’s NPL stood at 1.92 percent. As of the second quarter of the current FY, the bank’s non-banking assets stood at Rs 4.51 billion.

Similarly, the bank’s earnings and net worth per share are also declining. In the last fiscal year, the bank’s earnings per share was Rs 1.40. In the previous FY, the bank’s earnings per share was 17.29 percent. The company’s earnings per share declined by 15.89 percent in a year-ago period. In the last fiscal year, the bank’s net worth per share was Rs 199.30. This has also decreased compared to the previous fiscal year. In the previous fiscal year, the bank’s net worth was Rs 205.47.

The distributable profit of the bank has also been negative in the last financial year. In the last FY, the bank earned a net profit of Rs 3.56 billion. As a result, the bank is unlikely to distribute dividends to its investors from the profit of the last financial year. The distributable profit has become negative as the bank has to make provision of its profit.