Ashok Sherchan re-appointed as CEO of Prabhu Bank

KATHMANDU: Ashok Sherchan has been re-appointed as the Chief Executive Officer (CEO) of Prabhu Bank. The meeting of the board of directors held on Thursday re-appointed Sherchan as CEO.

He was appointed as the CEO of the bank on 1 February , 2019. Serchan, who completed a successful tenure as CEO for 2 terms, was appointed for another term after the merger of the two banks.

Although there is a rule that a bank cannot have a CEO for more than 2 terms, banks that have gone through a merger get an exemption from this rule.

He started his banking career from the then Nepal Credit and Commerce Bank in 1995 and has gained 27 years of experience in the banking sector.

He became the CEO of Prabhu Bank through Nepal Bangladesh Bank, Prabhu Finance and Prabhu Bikas Bank. Prabhu started integrated business after acquiring Century Bank from 10th January.