Kathmandu. Nepal Rastra Bank (NRB) has made it mandatory for the post of senior manager to be appointed within 3 months of the vacancy. Banks and financial institutions (BFIs) are not allowed to keep the post of Chief Executive Officer (CEO) and senior management vacant for more than 3 months.
Preparing a draft amendment to the Employees Bye-laws of the banks and financial institutions, the amendment has been proposed regarding the appointment period of senior managers, the time for overtime (OT) and other issues.
KATHMANDU: Nepal Rastra Bank (NRB) has introduced a new provision to make the management and staff rights of the banks and financial institutions more systematic.
According to the revised guidelines, no bank or financial institution can keep the post of Chief Executive Officer (CEO) vacant for more than 3 months. This provision has been made with the aim of ending the practice of relying on the acting leadership of the organization for a long time.
