NRB Governor Emphasizes International Standards for Banking System
Summary
Nepal Rastra Bank Governor Dr. Bishwanath Poudel emphasizes aligning Nepal's banking system with international standards and highlights the need for legal amendments to address issues like the Grey List and digital payments.
Key Points
- Nepal Rastra Bank Governor Dr. Bishwanath Poudel urges making the banking system compatible with international standards.
- He stresses that the proposed '10 years of experience' requirement for officials is impractical given existing qualifications.
- Poudel opposes a 'cooling period' for retired senior officials, advocating flexibility in human resource utilization.
- He recommends investigations of the Governor be led by a retired Supreme Court Justice to maintain protocol and respect.
- The bank's autonomy in financial decisions, such as income distribution and macroeconomic control, must be preserved.
- Incorporation of unemployment reduction as an objective should consider Nepal's specific context despite being an international practice.
