Bal Narsimha Gharti, deputy CEO of Bank, was appointed as  deputy CEO by board's meeting. Kamal Gyawali, CEO and board director of Kist Bank resigned from both the posts at the bank after his wife was arrested by the Central Investigation Bureau (CIB) of Nepal Police for involvement in a bank fraud case.

Gharti has been in the banking sector for last 16 years and has served in different capacities at different banks.A board meeting of Kist Bank accepted Gyawali"s resignation. Gyawali had resigned from the post on moral grounds.