His resignation takes immediate effect after a meeting with government representatives and authorities of the bank earlier this week.

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It is not clear what has triggered his sudden resignation when he has up to June 2018 for his contract with the bank to elapse.

The Board of GCB Bank in June 2016 appointed him as Managing Director of the largest state-owned bank, GCB Bank Ltd

Prior to his appointment, he was MD of the state-owned National Investment Bank (NIB) and credited with turning around the fortunes of NIB which was on a downward spiral, making the bank a profitable entity now.

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The experienced banker is known in banking circles as ‘the bulldozer’ who personally lobbies for business.