Objective of Nepal Rastra Bank

Objective of Nepal rastra bank
To Formulate monitory policy and foreign exchange policy in orde

and balance of payment by estabilisting sustainable econ
To increase the access of the finanical service and increase con

banking and financial system.
To develop secure healthly and effective system of payment.
Function, duties and power of Nepal Rastra Bank.

1 To issue Bank notes and coins
2 To formulate monitory policy in order to maintain price stability an
3 To formulate foreign exchange policy and implement or causes to
4 To determine system for foreign exchange rate.
5 To manage and operate foreign exchange reserve.
6 To issue license to commercial bank and financial institution to car
7 To act as banker , financial agent of Government of nepal
8 To act as banker of commercial bank and financial institution and l
9 To estabished and promote system of payment,clearing and settlem
10 To operate open market transaction through necessary instrument
Function not to be carry out by Nepal Rastra Bank.

1 Providing any type of loan, accepting any types of deposite and ma
2 Purchasing shares of bank and financia institution, public corporate
3 Carry out any types of Trade.
4 Acquring right over movable and immovable property by the ways
The bank may carry out following function.
To provide loan or invest in the share of insitution which carry out
objective of the bank or attaintment of its g
To Provide loan to own employee.
Privileges and facilities to the Nepal Rastra Bank.

Exempt from all types of taxes, fees, charge , on income , capital tr
No requirment of the revenue stamp on the any document related
No requirment for payment of registration fees for the registration
There Would be no Tax, fees and charge on import and export of b
other material to be used in production of ban
Formation of Board of Nepal Rastra Bank.

Governer- Chairperson
Secretory, Ministry of finance Member
Deputy Governer, Nepal Rasra bank Member
3 director appoint by government of nepal from the among the pe
economy, banking, finance and commercial law
Function, duites and power of Board of Nepal Rastra Bank

1 To frame monitory and foreign exchange policy.
2 To approve annual program and budget of the bank and annual au
3 To approve annul report on activities of the bank.
4 To frame policies with regards to appointment, transfer, promotio
5 To approve rules and bylaws of the bank and frame policies applic
6 To frame necessary policies for the issue of license to commercial
7 To make necessary policies for superivision and inspection of com
To take decision with regards to denomination of bank notes an
8 printing of notes
9 To approve the loan limit to be provided to government of nepal b
10 To frame policy for the mobilization and investment of bank finan
Appointment of the government

1 The government of nepal councile of minister shall appoint the gov
made by recomandation committee.
2 The government of nepal, councile of ministries shall form recoma
of the governer constituing following member
Finance Minister- Chairperson
One person among formor governer Member
One person appointment by government of nepal from among the
While recomandition made by recomandation committee, recom

3 name of 3 person who are renowed in the field of economic, c
4 Government of nepal , councile of minister shall appoint one perso
Function, duties and power of Governer.

1 To implement or casues to monitory and foreign exchange policy.
2 To operate and manage the bank.
3 To represent or causes to represent on behalf of the bank in intern
4 To formulate necessary policy on rate of interest on deposite and l
5 To take decision for opening and closing of branch office and other
6 To Take decision with regards to revocation of license provided ot
7 To Take necessary arrangement for the inspection and superivion o
8 To estabilished and close agency of the bank
9 To implement the decision made by the Board
10
Appointment of the deputy governer.
1 The Government of nepal, councile of minister shall appoint the de
of the Governer.
Governer shall have to recomand name in double in the number

2 class officer of the bank on the basic of the capac
The person appointed in the post of the governer under this sectio
3 from the service the bank
change policy in order to maintain price stability
ting sustainable economic development.
vice and increase confident of public towards

financial system.
em of payment.
ntain price stability and implement or causes to implemnt them

plement or causes to implement them.
ncial institution to carry out banking and financial business and regulate, inspect, sup
ent of nepal
ncial institution and lender of last resort.
nt,clearing and settlement and regulate these activities.
necessary instrument for liquidity management.
es of deposite and making any types of financial gift.

tion, public corporate and acquring any types of propertual right ove
property by the ways of lease, purchas or any other manner

ution which carry out the objective helpful to carry out the
or attaintment of its goal or objective.
on income , capital transaction

any document related to the bank.
es for the registration of the deed or refinance to be given by bank.
mport and export of bank notes and coins, metal , silver and
d in production of bank notes and coins.
om the among the person who are renewed in the field of

Member
al Rastra Bank
e bank and annual auditing of the account and submit its report to government of ne
nt, transfer, promotion, penson ,gratuity,provident fund, leave , code of conduct relat
frame policies applicable to operation and management of bank.
cense to commercial bank and financial insitution and revoking such license
nd inspection of commecial bank and financial institution
tion of bank notes and coins, figure, size and material for
rinting of notes
overnment of nepal by the bank.
stment of bank financial resources.
shall appoint the governer on the basic of the recomandtion
es shall form recomandation committee for the appointment
epal from among the person who are renowed in the field of banking, finance, comm
on committee, recomandation committee shall recoment

he field of economic, commercial laws, banking, finance
hall appoint one person out of 3 person to office of governer.
ign exchange policy.
f of the bank in internation organization and association.

est on deposite and loan with commecial bank and financial instution
anch office and other office of bank as per necessary.
f license provided ot commercial bank and financial institution.
ction and superivion of bank and financial insitution
er shall appoint the deputy govener on the recomandation
ouble in the number of vacant of the post from the special

the basic of the capacity and performance.
erner under this section have deemed automatically retired
the service the bank
regulate, inspect, supervise these transaction.
t to government of nepal for information
code of conduct related to service of employee of the bank
such license
anking, finance, commercial laws, economics

Objective of Nepal Rastra Bank

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Objective of Nepal rastra bank

To Formulate monitory policy and foreign exchange policy in orde

To increase the access of the finanical service and increase con

Function, duties and power of Nepal Rastra Bank.

Function not to be carry out by Nepal Rastra Bank.

Privileges and facilities to the Nepal Rastra Bank.

Formation of Board of Nepal Rastra Bank.

Function, duites and power of Board of Nepal Rastra Bank

Appointment of the government

While recomandition made by recomandation committee, recom

4 Government of nepal , councile of minister shall appoint one perso

Function, duties and power of Governer.

Governer shall have to recomand name in double in the number

vice and increase confident of public towards

ntain price stability and implement or causes to implemnt them

es of deposite and making any types of financial gift.

property by the ways of lease, purchas or any other manner

on income , capital transaction

om the among the person who are renewed in the field of

shall appoint the governer on the basic of the recomandtion

es shall form recomandation committee for the appointment

on committee, recomandation committee shall recoment

hall appoint one person out of 3 person to office of governer.

ign exchange policy.

f of the bank in internation organization and association.

ouble in the number of vacant of the post from the special

code of conduct related to service of employee of the bank

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