Finance Ministry Proposes Maintaining Seven-Member Nepal Rastra Bank Board
Summary
The Finance Ministry has proposed keeping Nepal Rastra Bank’s Board of Directors at seven members and retaining two deputy governors, saying the current structure is more agile and sufficient. Finance Secretary Ghanashyam Upadhyay also suggested making one of the three appointed members a woman to improve inclusion.
Key Points
- The Finance Ministry wants Nepal Rastra Bank’s Board of Directors to remain a seven-member body instead of expanding to nine members.
- Finance Secretary Ghanashyam Upadhyay said two deputy governors are enough based on the bank’s current workload and human resources.
- The ministry said one of the three appointed board members could be made mandatory as a woman to improve inclusion.
- Discussion is also ongoing over whether the Finance Secretary should remain an ex-officio board member under the amended Rastra Bank Act.
