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December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board's chairman.
Although Dr Fatte Bahadur KC, Chairman of IB seemed interested for his third tenure as the Chairman, he is now out of race with the end of his second tenure on December 22.
After the exit of KC, dozen above persons are tripping political centre of power for the appointment. However, the names of Ramesh Bhattarai, CEO of Mahalaxmi Bikash Bank, Chiranjibi Chapagain, Director of NRB Pokhara Branch, Rishi Ram Gautam, Director of Prabhu Bank and Rabindra Ghimire of Pokhara University are coming to the surface as the candidates for the post. Among them also, Bhattarai and Chapagain are the most possible candidate for the post.
Dr KC who got appointed during then Finance Minister Dr Baburam Bhattrai spent 8 years in IB as the Chairman. However, he didn't get additional tenure citing unsupportive toward Maoist Centre. Presently, as the Ministry of Finance is under Maoist Centre, the Maoist party is trying hard to bring Maoist supporter to the post. Similarly, there is another group lobbying to bring a Chairman who is well known of the insurance sector. As per the source, there is much possibility that the IB will get a new Chairman on Monday.
Moreover, various business houses are also lobbying in the Chairman appointment process of the IB. According to the sources, business houses are offering up to Rs 20 million for the post and deals are accordingly being conducted. As per the sources, the business houses are influencing the appointment process as it will give them ease in restructuring the insurance regulation as per their requirement.
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<p style="text-align:justify">Although Dr Fatte Bahadur KC, Chairman of IB seemed interested for his third tenure as the Chairman, he is now out of race with the end of his second tenure on December 22. </p>
<p style="text-align:justify">After the exit of KC, dozen above persons are tripping political centre of power for the appointment. However, the names of Ramesh Bhattarai, CEO of Mahalaxmi Bikash Bank, Chiranjibi Chapagain, Director of NRB Pokhara Branch, Rishi Ram Gautam, Director of Prabhu Bank and Rabindra Ghimire of Pokhara University are coming to the surface as the candidates for the post. Among them also, Bhattarai and Chapagain are the most possible candidate for the post.</p>
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<p style="text-align:justify">Although Dr Fatte Bahadur KC, Chairman of IB seemed interested for his third tenure as the Chairman, he is now out of race with the end of his second tenure on December 22. </p>
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