Kathmandu – Manoj Gyawali has been appointed as the acting CEO of Nabil Bangkok. The bank’s board of directors meeting rejected the resignation of CEO Gyanendra Dhungana and gave Gyawali the responsibility of acting.

Gyawali left Jyoti Bikas Bank with 2 years remaining in his tenure. He joined Nabil after a gap of about three and a half months after leaving Jyoti. Gyawali has 21 years of experience in the banking sector. Gyawali, a banker who started his career from Nepal Rastra Bank, is also a Chartered Accountant (CA). Before Jyoti Bikas Bank, Gyawali had also worked at Global IME Bank and Global IME Capital. He is also the outgoing General Secretary of the Development Bank Association. After leaving Jyoti Bikas, Gyawali was the Chief Advisor to the Development Bank Association.

The frozen economy should be warmed up by increasing morale - Manoj Gyawali

The main problem now is the lack of a business environment and a decline in government revenue collection. After decades, the government's income has not even covered its current expenses. The government has earned a total of 756 billion rupees. Current expenses alone are 20 billion rupees more than this amount. Capital expenses of 156 billion rupees have been incurred. The government is in a situation where it has not been able to pay even the amount of contracts that have been completed.

Now our economy is frozen. Water used to flow from a lake to the lower part, but now ice has frozen in the upper source. The water is there. People see it as dry. Therefore, we need to boost morale and warm up the economy a bit.