Banijya Bank executive chairman resigns

July 31, 2002
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Ganesh Prasad Adhikari, Executive Chairman of Rastriya Banijya Bank, a fully government owned bank resigned Tuesday.

Adhikari had been appointed to the post three months back in order to improve the dismal financial state of the bank. The Central Bank had repeatedly been complaining that Adhikari did not submit the detailed reports and also did not work as per its directives.

It is assumed that Adhikari could have resigned after not being able to live up to the expectations of the Central Bank. Following the resignation of Adhikari the bank is now without a Board of Directors.