KATHMANDU: In its 699th board meeting held on Monday, Nabil Bank selected director Nirvan Kumar Chaudhary as the chairman of the board.
He will assume office after taking the oath from Nepal Rastra Bank, officially taking charge of the chairman’s responsibilities.
Nabil Bank has also approved a 12.50 percent cash dividend at its 41st annual general meeting (AGM). The meeting, chaired by the bank’s outgoing chairman Upendra Prasad Paudel on Monday, passed the dividend proposal from the bank’s profit for the fiscal year 2024/25.
At the AGM, Anil Keshari Shah was elected unopposed as a director representing the founder shareholders’ group on the bank’s board of directors.
During the current fiscal year 2025/26, Nabil Bank has also issued new capital instruments worth Rs 5 billion “Nabil 8% Non-Convertible Non-Cumulative Preference Shares” with a face value of Rs 100 each.
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