17th AGM of DBAN: Shrestha elected president

KATHMANDU: Suyog Shrestha, CEO of Shangri-la Development Bank, has been elected President of the Development Bankers Association Nepal (DBAN). The 17th annual general meeting (AGM) of DBAN held in Chitwan on March 17, 2023, elected the CEOs of various development banks as members of the new executive committee. The AGM elected Bodh Raj Devkota of Mahalaxmi Bikas Bank as Vice-President; Ram Kumar Giri of Sindhu Bikas Bank as Secretary and Naresh Singh Bohara of Lumbini Bikas Bank as Treasurer. Likewise, other elected members of DBAN include Shreechandra Bhatta of Jyoti Bikas Bank, Prakash Poudel of Shine Resugna Development Bank and Indra Kumar Kattel of Excel Development Bank. The elected members of the new executive committee of DBAN were also sworn in during the meeting. The AGM unanimously passed the proposals including the association's audit report, the president's report for the fiscal year 2022/23 and the appointment of an auditor. On the occasion, the association's outgoing president, Pradyuman Pokharel, said the banking sector was facing problems due to various reasons including the Covid 19 pandemic, Russia-Ukraine war and rising inflation. He also urged all the member banks to make risk management effective and customer service efficient. He thanked all for the support he received during his tenure as the association's president. Likewise, newly elected President Shrestha thanked all and expressed his commitment to working for the rights and welfare of the development banks. He said it is the development banks' big achievement in terms of having the same market share despite going down in number from 90 to 17 following bank mergers. Shrestha appealed to all the CEOs of development banks to cooperate with the association. READ ALSO:

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