Organizational Structure and Management of Nepal Rastra Bank
It is important to understand the organizational structure and management of Nepal Rastra Bank since it has an indirect effect on the economy. According to Nepal Rastra Bank Act and its preamble, it must operate and operate in accordance with these provisions. Organizational structure as well as management are two critical aspects that must be considered:
- The total responsibility of the Bank shall lie in the board of directors.
- The Board shall make rules for the conduct of business.
NRB’s policy-making board of directors is its most important component. A board of directors has ultimate authority in NRB. As a result, Nepal Rastra Bank’s Board of Directors (BOD) formulates policy and regulations at the highest level. To protect the economy from financial and monetary instability, the Board formulates and implements financial and monetary policies in accordance with the vision, policies, and programmers of government.