Sanjeev Manandhar to hold the fort of Prime Commercial bank as acting CEO; Narayandas Manandhar retires due to age barrage

Prime Commercial Bank (PCBL)'s ex-CEO Mr. Narayandas Manandhar had been recently given the third term service, but due to the new directives issued by Nepal Rastra Bank (NRB) he had to go for forced retirement. In the new directive, NRB has stated an age-limit of 65 years of age for holding the position of CEO and because of that Mr. Narayandas had to leave.

In place of Mr. Narayandas, Mr Sanjeev Manandhar will be the acting CEO of PCBL until new CEO is appointed by the bank. Prior to this, Mr. Sanjeev was the General Manager of PCBL.