Commercial Bank CEOs Can Become Central Bank Governor After Two Year Waiting Period
Summary
Chief executive officers of commercial banks in Nepal will be eligible to become governor of the central bank after completing a mandatory two-year waiting period. The House of Representatives' Finance Committee has added the provision while reviewing amendments to the Nepal Rastra Bank Act.
Key Points
- The House of Representatives' Finance Committee has decided to add a provision allowing former commercial bank CEOs to be considered for governor of Nepal Rastra Bank.
- Eligible candidates must wait two years after leaving their bank post before being appointed.
- Applicants must have a master's degree and at least 10 years of relevant work experience in financial institutions.
