Kathmandu. There are allegations that CEOs of commercial banks are receiving high salaries. Prime Minister KP Sharma Oli is publicly accusing bank CEOs of receiving high salaries and benefits.
Bank CEOs have been arguing that they receive high service benefits because they have to take big risks. The government has been imposing a tax of up to 39 percent on the income of bank CEOs. Former Finance Minister Dr. Prakash Sharan Mahat has made arrangements for those receiving more than Rs 5 million annually to pay a tax of up to 39 percent.
Bank CEOs receive salaries and benefits under the headings of meeting allowances, transportation expenses, communication expenses, internet, fuel, newspapers, monthly expenses, etc.
According to the bank’s annual report, Prabhu Bank’s Chief Executive Officer (CEO) Ashok Sherchan has received the highest salary, while Nepal Bank CEO Tilak Raj Pandey has received the lowest.
How much salary did the CEO of which bank receive?
##Krishi Bikas Bank
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## The CEO of the bank is Govinda Gurung. The annual report states that the Chief Executive Officer (CEO) of this bank will receive remuneration, allowances and benefits of Rs 3 lakh per month, allowance of Rs 1 lakh per month, Rs 3 lakh for Dashain expenses, bank holidays as decided by the board of directors, 50 days’ salary for medical treatment expenses, monthly telephone bills, one mobile set up to a maximum of Rs 50,000 (non-refundable) and an additional one-month salary in the provident fund. Thus, CEO Gurung has taken facilities at the rate of Rs 59,50,000.
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## ##Nepal Bank
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## Tilak Raj Pandey is the Chief Executive Officer (CEO) of the bank. He has received a total of Rs 54,80,606 as salary, allowances and bonus in the fiscal year 2079/80.
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## Rashtri Banijya Bank
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## Debendra Raman Khanal is taking charge as the CEO of the bank. In 2080/81, CEO Khanal received a salary of 28 lakh 28 thousand 9 hundred 16 rupees, allowance of 15 lakh 55 thousand 5 hundred 64 rupees, Dashain allowance of 2 lakh 60 thousand rupees, provident fund contribution of 2 lakh 82 thousand 8 hundred 92 rupees, bonus of 8 lakh 18 thousand 4 hundred 17 rupees. He received a total salary of 57 lakh 45 thousand 7 hundred 89 rupees for the financial year 80/81.
Citizens Bank
The CEO of the bank is Ganej Raj Pokharel. He has received 8.4 million rupees from salary, 5.4 million rupees from allowance, 1.1 million rupees from Dashain allowance, 8.4 million rupees from provident fund contribution, 7 million rupees as leave allowance and 42 thousand rupees in other expenses. It is mentioned in the bank’s annual report that he has received a total of 16.5 million rupees 32 thousand rupees annually.
Everest Bank
The CEO of the bank is Sudesh Khaling. The CEO’s remuneration is not mentioned in the bank’s report.
Global IME Bank
The CEO of the bank is Surendra Raj Regmi. In 2080/81, the bank has taken a salary of Rs. 759,000,000, allowance of Rs. 504,000, provident fund of Rs. 759,600, leave payment of Rs. 1,28,786, Dashain allowance of Rs. 1,053,000, totaling Rs. 1,56,57,386.
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## Himalayan Bank
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## The Chief Executive Officer of the bank is Ashok Rana. He has received a salary of Rs. 1,86,000. Allowance of Rs. 1,550,000, telephone and mobile of Rs. 1,340,000, miscellaneous of Rs. 12,298, totaling Rs. 2,15,2,329.
Kumari Bank
Ram Chandra Khanal is the CEO of the bank. He has received Rs 56,77,200 in salary, Rs 567,720 in provident fund, Rs 1,026,000 in Dashain allowance, and Rs 2,027,304 in employee bonus. He has received a total annual remuneration of Rs 92,98,224.
Lakshmi Sunrise Bank
The Chief Executive Officer of the bank is Ajay Bikram Shah. He has received a salary of 17.263 crores in the financial year 2080/081.
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## Machhapuchhre Bank
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## Santosh Koirala is the CEO of the bank. According to the annual data released by the bank, he has received a salary of Rs 7.4 million, allowances of Rs 6.7 million, benefits of Rs 1.6 million, and bonuses of Rs 2.9 million, for a total annual remuneration of Rs 18.6 million.
Nabil Bank
The CEO of the bank is Gyanendra Prasad Dhungana. His net salary in 2080/081 is Rs 13.253 million, other benefits and facilities are Rs 9.567 million, totaling Rs 23.657 million.
NIMB Bank
The CEO of the bank is Jyoti Prakash Pandey. He has received a salary of 16 million 76 thousand rupees, allowance of 17 million 17 thousand rupees, Dashain allowance of 22 million 33 thousand rupees, provident fund remuneration of 16 million 8 thousand rupees. Thus, he has received a total remuneration of 29 million 194 thousand rupees.
Nepal SBI Bank
The CEO of the bank is Ram Kumar Tiwari. The remuneration received by the CEO is not disclosed in the annual report.
NIC Asia Bank
NIC Asia Bank CEO Roshan Kumar Neupane has been paid a salary allowance of Rs 24 million 77 thousand 965, an employee bonus of Rs 55 million 37 thousand 69, other amounts of Rs 117 thousand 132, and other benefits of Rs 120 thousand 445, for a total annual remuneration of Rs 29 million 863 thousand 612.
NMB Bank
The CEO of the bank is Sunil KC. He has received a basic salary of Rs 90 lakh, provident fund of Rs 9 lakh, allowance of Rs 8.5 lakh, bonus of Rs 5.7 lakh 13 thousand 725, and other miscellaneous items of Rs 45 thousand, for a total annual remuneration of Rs 2 crore 41 lakh 58 thousand 725.
Prabhu Bank
Bank CEO Ashok Sherchan has received a salary of Rs 31.21 million, an employee bonus of Rs 35.34 million, and an allowance for Dashain and holidays of Rs 46.67 million, for a total annual remuneration of Rs 39.43 million.
Prime Commercial Bank
The CEO of the bank is Sanjeev Manandhar. He receives an annual salary of Rs 81,91,419, allowance of Rs 61,85,668, Dashain allowance of Rs 1,20,00,000, provident fund of Rs 81,19,142, for a total remuneration of Rs 16,395,000.
Siddharth Bank
The bank’s CEO Sundar Prasad Kadel received a salary of Rs 9,639,187 in the financial year 2080/81, an allowance of Rs 4,080,000, a Dashain allowance of Rs 1,166,800, an annual leave allowance of Rs 450,000, and a vehicle allowance of Rs 1,756,800, for a total annual salary of Rs 17,032,787, according to the data released by the bank.
Sanima Bank
The CEO of the bank is Nischal Raj Pandey. He has received a total remuneration of Rs 1.936 crore including salary, allowances and other facilities.
Standard Chartered Bank
The CEO of the bank is Anirbhan Ghosh Dastidar. The report does not mention his remuneration.
(Data based on annual general meetings published by banks)
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