Kathmandu, Jan. 16 -- A former banker told the Post that the new law being introduced by the central bank was essential to stop the practice among promoters of hiring their yes-man as the CEO

Jan 16, 2019-The government is mulling to introduce a new law which will require banks and financial institutions to get approval from Nepal Rastra Bank before appointing their chief executive officers.

The country's central bank is in the process of amending the Banks and Financial Institutions Act by inserting a provision which will require the board of directors of banks and financial institutions to get its go-ahead before naming the chief. A highly placed source at Nepal Rastra Bank confirmed to the Post that it was considering including the p...