Provisions Concerning List of professional experts to be maintained by Banks or Financial Institutions

Provisions Concerning List of professional experts to be maintained by Banks or Financial Institutions:

(1) For the purposes of Sub-section (2) of Section 12, the Rastra Bank shall maintain a list of professional experts on the basis of the following qualification and experience:

(a) Having obtained at least master’s degree in management, banking, finance, money, economics, commerce, trade, administration, commercial law or having accounting or commercial law or a chartered accountancy degree and gained at least five years of experience in the executive level of the banking and finance field.

Explanation: For the purposes of this Clause, “executive level” means the post of the first-class officer of the Government of Nepal, Rastra Bank, bank or financial institution or the post of senior manager of any bank or financial institution or the post of reader in a recognized university or a post there above.

(b) Not being disqualified under Section 18.

(2) The Rastra Bank shall each year update the list of professional experts maintained under Sub-section (1) and publish in a newspaper of national circulation for the public information.