BFIs under purview of central govt: NRB

KATHMANDU, July 20: Nepal Rastra Bank (NRB) has suggested keeping banks and financial institutes (BFIs) under the purview of central government in the new constitution.

Forwarding its feedbacks, NRB suggested that the BFIs be placed under the central government rather than under the purview of provinces.


Monetary policies including financial and foreign exchange rate should be formulated by the central government.

Similarly, works regarding permission for opening new BFIs, regulation and supervision of the BFIs should rest with the central government.

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