Ashok Rana, the Chief Executive Officer of Himalayan Bank Limited, has been elected as the 15th President of Nepal Bankers Association (NBA).  He defeated nearest rival Sashin Joshi, CEO of NIC Bank and immediate past president, by 21 votes to 11. Executive chiefs of 30 banks and three development banks who are members of the NBA voted to elect their president for a two-year term. Rana has been elected as the president of NBA at a time when banks are facing difficult challenges with the persistent liquidity crunch and spiralling interest rates.