Rastriya Swatantra Party MP Lima Adhikari Calls for Baafia Amendment to Address Banking Sector Issues
Summary
Rastriya Swatantra Party MP Lima Adhikari has urged amendments to the Bank and Financial Institutions Act to resolve problems in Nepal’s banking sector. She warned that linking routine loan recovery issues to board and CEO eligibility could create a leadership vacuum and increase stress across the industry.
Key Points
- Lima Adhikari said the Bank and Financial Institutions Act (BAFIA) should be amended to address problems in the banking sector.
- She argued that ordinary banking complications should not be used to disqualify board members or CEOs.
- Adhikari warned that such provisions could create a leadership vacuum and worsen stress among banking employees.
- She said stakeholders are discussing the issue with relevant bodies and called for a long-term solution through amendment of the act.
