Banks Must Fill CEO Posts Within 3 Months Under Proposed NRB Rules

Nepal Rastra Bank has proposed mandatory appointment of Chief Executive Officers (CEOs) in banks and financial institutions within three months of the position falling vacant.

The proposal is part of a draft amendment to the Staff Service Regulations prepared by the central bank. Under the proposed provision, any vacancy in the CEO position at a bank or financial institution must be filled within three months. The draft also extends the same requirement to other designated managerial positions, which would likewise need to be filled within three months of becoming vacant.

Currently, the Staff Service Regulations do not specify any deadline by which CEO or managerial vacancies must be filled.

Nepal Rastra Bank has invited feedback on the draft amendment from relevant stakeholders. Comments and suggestions can be submitted by email until Ashadh 15 (June 29).