Kathmandu. Prachanda Bahadur Shrestha has been appointed as the chairman of Himalayan Bank Limited. The 411th meeting of the Board of Directors of the bank held on October 29 appointed Shrestha as the chairman.

Shrestha had earlier held the post of director of the bank. He has been the chairman of the bank since the day he was appointed.

Himalayan Bank has a paid up capital of Rs 9.37 billion as of mid-October. The reserves stood at Rs 6.87 billion. Similarly, deposits stood at Rs 128 billion and loans at Rs 99.38 billion. When the bank merges in the ratio of 1: 1, it will be the largest in terms of capital, reserves, deposits and loans.