Key Amendments Proposed for Nepal Rastra Bank Act: Mandatory Female Director and External Deputy Governor Eyed

Proposed amendments to the Nepal Rastra Bank (Third Amendment) Bill 2083 could significantly reshape the central bank's governance. Members of Parliament are pushing for a mandatory female director on the five-member board, aiming to enhance diversity and representation. Another key proposal advocates for the appointment of one Deputy Governor from outside the institution, potentially bringing fresh perspectives and expertise. These changes, if enacted, could influence the central bank's policy-making and overall strategic direction, thereby impacting financial market stability and investor confidence. Investors should monitor these legislative developments closely as they could have long-term implications for the economic landscape.

• Parliamentarians push for mandatory female director and external Deputy Governor in Nepal Rastra Bank's upcoming structural reforms.