18 MPs Propose Amendments to Nepal Rastra Bank Bill
Summary
Eighteen Nepali MPs have proposed amendments to the Nepal Rastra Bank Bill focusing on digital banking, qualifications for directors, regional banking concepts, and governance enhancements.
Key Points
- Eighteen MPs have submitted amendment proposals to the Nepal Rastra Bank (Third Amendment) Bill in the Nepali Parliament.
- Proposals include recognition of digital and regional banks, and legal clarity on credit cards and digital currencies.
- MPs demand stricter qualifications for directors and cooling-off periods for former CEOs before appointment to the Rastra Bank board.
- Amendments also suggest reducing tenure for Governors, enhancing women's participation, and improving monetary policy transparency.
