New management for Nepal Bangladesh BankA three member team headed by Bashu Dev Ram Joshi, former chairman of Rastriya Banijya Bank, took charge of the management of Nepal Bangladesh (NB) Bank from Friday. The team that was selected for the management contract through bidding process is allowed to run the commercial bank for the next eight months, said an official at the Nepal Rastra Bank (NRB). After panicked depositors rushed to withdraw deposits from the commercial bank, the NRB took over its management since last November, deputing a three-member committee to run it. The official said that the new management would get around Rs 700,000 per month including salaries and other facilities.
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