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NDB Ceo stepping down?

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NDB Ceo stepping down?

Post by puliyanam on Mon Aug 29, 2016 11:21 am

In a major blow to NDB, the bank also announced the resignation of professional banker Rajendra Theagarajah as CEO/Director with effect from 30 November 2016.

In July this year he completed three years of service as a Director/CEO, having accepted a contract for a five-year tenure from August 2013.

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Anybody can shed little more light on whats going on at NDB?

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Re: NDB Ceo stepping down?

Post by soileconomy on Mon Aug 29, 2016 7:12 pm

My observations.
Rajeendra Theagaragah was appointed as CEO of NDB by the help of Ashok Pathirage who holds considerable share holding of NDB.
RT was trying to put AK as the chairman of NDB which government did not want.So that plan failed and RT was asked to step down by the government.

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Re: NDB Ceo stepping down?

Post by puliyanam on Tue Aug 30, 2016 7:25 am

soileconomy wrote:My observations.
Rajeendra Theagaragah was appointed as CEO of NDB by the help of Ashok Pathirage who holds considerable share holding of NDB.
RT was trying to put AK as the chairman of NDB which government did not want.So that plan failed and RT was asked to step down by the government.

Thanks for info Soil. Very interesting indeed...
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Re: NDB Ceo stepping down?

Post by soileconomy on Tue Aug 30, 2016 9:49 pm

Sometimes Rajeendra may be in one of the board seats of Ashok Pathirage's company in near future.

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Re: NDB Ceo stepping down?

Post by First Guy on Fri Sep 23, 2016 7:57 am

NDB saw a large foreign outflow yesterday contributing to the high turnover
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