Kathmandu. Nepal Rastra Bank (NRB) has decided to increase the salary of chief executive officers (CEOs) of banks and financial institutions. Nepal Rastra Bank (NRB) has issued a circular to this effect.

Nepal Rastra Bank (NRB) has issued a directive on salary, allowances and other facilities of the chief executive officers of banks and financial institutions, 2083 BS.

Nepal Rastra Bank (NRB) has issued guidelines to maintain uniformity in determining the salary, allowances and other financial facilities of the chief executive officer (CEO) in banks and financial institutions, to manage risk and promote corporate governance.

The board of directors of the bank is required to form a three-member committee under the coordination of independent directors of the bank to recommend the salary, allowances and other facilities of the CEO.

The committee will review the qualifications and experience of the CEO, the return on capital of the organization, the size of the business (loan, investment and deposit mobilization), the position of operating profit, the basis for future business growth and the risks inherent in the organization, the rate of return on capital of the organization similar to the organization, the size of the business, the salary, allowances and facilities provided to the CEO by the organizations with operating profits, the salary difference between the junior assistant and the CEO and the recommendation regarding the salary of the CEO. It has to be submitted. See also:

nepal rastra bank notice