KATHMANDU, Feb 8: The proposal to amend the Nepal Rastra Bank Act has been passed by the House of Representatives (HoR), paving the way for the central bank to regulate cooperatives whose transactions are above Rs 500 million.

Kathmandu, Sept 21: The meeting of the High-level Financial Sector Coordination Committee has directed the regulators and related sectors to submit within two weeks an action plan for reforms in the financial sector.