January 27: Prabhu Bank Limited has reappointed Ashok Serchan as its Chief Executive Officer for a third-term.

The meeting of the Board of Directors held on January 26 decided to reappoint Sherchan as the CEO for the third-term.

The decision will come into effect from January 29. “Mr Sherchan has been reappointed as the CEO for another four-year term”, the bank said. Sherchan has already served as the bank’s CEO for two-terms.