Supreme Court’s strong precedent for good governance in banking sector, confusion among CEOs and directors
▸ Part of: Supreme Court Directs Nepal Rastra Bank for Good Governance in Banking Sector
The Supreme Court has ruled that actions taken by Nepal Rastra Bank against directors and CEOs of banks and financial institutions create legal disqualification, rejecting the argument that warnings are normal. A bench issued a directive order to Nepal Rastra Bank to maintain good governance in the banking sector. The court clarified that actions related to interest rates constitute legal disqualification and that prosecuted individuals are ineligible for new appointments for five years.
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