KATHMANDU: Anirvan Ghosh Dastidar has been appointed as the director and chief executive officer of Standard Chartered Bank Nepal Ltd (SCBNL) subject to required regulatory approvals. His appointment was approved by the bank’s board meeting held on Monday.

A senior banker with over 25 years of experience, Dastidar has held a variety of senior positions in the bank.

His extensive experience spans risk and corporate governance and both wholesale and retail banking. SCBNL also held its 32nd annual general meeting (AGM) on Monday, which was chaired by Jitender Arora, chairman of the bank.

Standard Chartered has recorded an operating profit and net profit of Rs 3.35 billion and Rs 2.19 billion, respectively for the financial year ended 2017-18. As at the close of fiscal 2017-18, the bank was able to post a healthy growth of 16 per cent on its risk assets over the previous year to reach Rs 44.56 billion. It also achieved a deposit growth of over 12 per cent vis-à-vis previous financial year to reach Rs 67.06 billion.

As proposed by the Board of Directors, AGM approved payment of cash dividend of 17.50 per cent to the shareholders of the bank for financial year ended July 16, 2018.