MP Kandell: Two Deputy Governors Sufficient for Nepal Rastra Bank
Summary
CPN (UML) MP Pushparaj Kandell stated that two Deputy Governors are enough for Nepal Rastra Bank and raised concerns about the lack of female representation on its board, while also emphasizing the need to separate cooperative regulation from the bank's purview.
Key Points
- MP Pushparaj Kandell stated that two Deputy Governors are sufficient for Nepal Rastra Bank.
- He questioned the need for increasing Deputy Governors from two to three proposed by bankers.
- Kandell highlighted the absence of female members on the Rastra Bank's board and the lack of such provision in the amendment bill.
- He emphasized forming a separate authority for cooperatives and separating that sector from the Rastra Bank's regulation.
- The process for the cooperative authority is underway as the Rastra Bank previously cited lack of capacity to regulate cooperatives.
