Mr. Bhuvan Dahal, who was the President of Nepal Bankers’ Association for 1 term and CEO of Sanima Bank Limited for 2 terms, has published a book entitled ‘Retirement at 50’ which will come to the market from the 1st Shrawan 2079. He was the government employee before working at Nabil and Sanima banks for more than 3 decades.
In FY 2020/21, Sanima, the youngest commercial bank, became the number 1 bank in terms of return on equity (RoE) with 3.99% point growth over actual of FY 2012/13 while weighted average decline of other banks during the same period was 10.21% point. Return of a commercial bank staff during the period increased by 49% while Sanima staff’s return increased by 108%. Similarly, Sanima improved its Current and Savings (CASA) deposit mix by almost 18% point from mid July 2013 to mid July 2021 while industry recorded decline of almost 1% point. From mid July 2013 to mid July 2021, share of individual deposits in the total deposits of commercial banks increased by around 2.2% point while Sanima recorded growth of 22.24% point. Similarly, Sanima has been maintaining the lowest Non-Performing Loan in the industry barring exceptions. Sanima’ rank improvement under Operating Profit before Provision volume during those 8 years was the second best without aggressive branch expansion and without large mergers and acquisitions. Many such interesting facts associated with Sanima Bank during his 8 year long stint as CEO are explained in the book. .
Similarly, Nabil Bank, the first joint venture bank, regained the number one rank in terms of Operating Profit volume in FY 2008/09 overtaking Standard Chartered Bank when he was Chief Financial Officer (CFO) there. When he was associated with Nabil, Nabil’s major shareholder changed from Emirates Bank International Limited, Dubai to National Bank Limited, Bangladesh to NB International Limited, Ireland and he worked under foreigner and Nepali CEOs.
As an NBA President, he had to deal with Nepal Rastra Bank, Ministry of Finance, Finance Committee of the federal parliament, SEBON and fellow CEOs. He has interesting experiences while dealing with them. In this book, he has enumerated
- Financial performance of 27 banks from FY 2012/13 to FY 2020/21
- Secret of Success of Sanima Bank including his bitter experiences with VIP shareholders. Comparative picture of Sanima vis-à-vis
- Stories relating to Nabil Bank including how Nabil could not be a leader in Remittance business and IME set up by Mr. Chandra Dhakal, Senior Vice President- FNCCI, became a leader.
- Stories relating to NBA including efforts to amend the Banking Offence and Punishment Act 2008
- Stories relating to banking sector including M&A with an example of Global IME.
- Reasons behind backwardness of our country and the way forward
- Stories about himself. He has shared why his career growth at Nabil was the fastest in his batch and he has shared the success tips to youngsters
In the book, he has shared his experiences relating to senior bankers Mr. Satyendra Pyara Shrestha, Mr. Anil Keshary Shah, Mr. Anil Gyawali, Mr. Rajan Singh Bhandari, Mr. Shovan Dev Pant, Mr. Gyanendra Dhungana, Mr. Ahok SJB Rana, Mr. Sashin Joshi, Mr. Radhesh Pant, Mr. Shrawan Maske, Mr. Sundar Kadel, Mr. Tulsiram Gautam, Mr. Kumar Lamsal, Mr. Parshuram Kunwar, Mrs. Anupama Khunjeli, Mr. Surender Bhandari, Mr. Manoj Goel, Mr. DC Khanna, Mr. Suraj Mehta, Mrs. Barsha Shrestha, Ms. Raveena Deshra Shrestha, late Supriya Gupta, late Shambhu Prasad Poudyal et al.
He has also shared some stories relating to MAHA duo, Dr Yubaraj Khatiwada, Mr. Bishnu Paudel, Mr. Janardan Sharma, Mr. Binod Chaudhary, Dr. Pushpa Kadel, Dr, Chiranjibi Nepal, Mr. Maha Prasad Adhikari, Mr. Bam Bahadur Mishra, Mr. Shekhar Golchha, Mr. Rewat Bahadur Karki, Mr. Jibanath Lamichhane, Mr. Sandeep Lamichhane et al.
Mr. Dahal has decided to donate all his royalties from this book to social organizations. He is currently associated with this institution.
