RxPG News XML Feed for RxPG News   Add RxPG News Headlines to My Yahoo!  

Medical Research Health Special Topics World
 Latest Research 
 Clinical Trials
 Infectious Diseases
 Public Health
 Alternative Medicine
 Sports Medicine
 Medical News 
 Awards & Prizes
 Special Topics 
 Odd Medical News
 Reservation Issue
 Overseas Indian Doctor

Last Updated: May 20, 2007 - 10:48:48 AM
News Report
Nepal Channel

subscribe to Nepal newsletter

   EMAIL   |   PRINT
Indian is Nepal's highest paid banker: report
May 5, 2007 - 11:14:58 AM
However, while the top honchos get all the cream, the benefits don't necessarily trickle down to the lower rungs, it said.

Article options
 Email to a Friend
 Printer friendly version
 Nepal channel RSS
 More Nepal news
[RxPG] Kathmandu, May 5 - A top Indian executive working for a multinational bank in Nepal is the kingdom's highest-paid banker, according to a leading newspaper Saturday.

Sujit Mundul, CEO and director of Standard Chartered Bank in Nepal, draws the fattest pay cheque with salary, allowances and bonuses adding to an impressive NRS 12.45 million - in 2005-06, the Kathmandu Post reported.

Mundul, who a magazine earlier named Nepal's best CEO, far outpaces the second-highest paid banker, Prithvi B. Pande, chairman of Nepal Investment Bank Ltd -, the report said.

Pande's pay packet for the same period amounted to NRS 9.5 million. The third-highest paid banker is Surendra Bhandari, CEO of a new entrant, Kumari Bank, drawing NRS 8.47 million.

The report said there has been a 'sea change' in bankers' salaries since 1994 when the general manager of Nepal Bank Ltd, one of the oldest banks in the country, used to draw about NRS 90,000.

However, while the top honchos get all the cream, the benefits don't necessarily trickle down to the lower rungs, it said.

Standard Chartered rates third in the pay disparity index after Kumari Bank and NIBL. Mundul's income is 7.4 percent of total staff expenses, the report said.

Related Nepal News
Nepal deity 'sweats' -- bad times ahead?
Two years after tobacco ban, Bhutan still awaits law
Jimmy Carter to discuss polls with Nepal PM
UN top refugee envoy to visit Nepal
Bangladesh censors Nepal magazine
Bhutanese refugees brace for Indian crackdown
Nepal gays ask UN to save arrested peers in Iran
US home offer sparks tension in Bhutanese refugee camps
World Bank warns Nepal over engineer's murder
Three Asian climbers die on Everest

Subscribe to Nepal Newsletter
E-mail Address:

For any corrections of factual information, to contact the editors or to send any medical news or health news press releases, use feedback form

Top of Page

© All rights reserved 2004 onwards by RxPG Medical Solutions Private Limited
Contact Us