CEO of Prabhu Bank Violates BAFIA with Judicial Backing, Continues in Position for 10 Years Contrary to Law

Banking News – In a controversial turn of events, Prabhu Bank’s Chief Executive Officer (CEO) Ashok Sherchan has continued to hold office in violation of the Bank and Financial Institutions Act, 2073 (BAFIA)—backed by a recent ruling of the Supreme Court. Sherchan, who has been serving as CEO for the past 10 years, has effectively…