House endorses Banks and Financial Institutions Bill

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The Legislature-Parliament meeting endorsed the bill related to Bank and Financial Institution-2073 BS with majority votes on Tuesday, January 10, 2017. RSS


The Legislature-Parliament meeting today endorsed the bill related to Bank and Financial Institution-2073 BS with majority votes.

Earlier, Minster for Finance Krishna Bahadur Mahara had tabled the bill in the parliament seeking its approval.

While responding the queries of lawmakers, Mahara said that the bill was tabled aimed at making the banking activities transparent and of international standards. He added that with the endorsement of the bill, the national economy will be improved and the risk seen in the banking transactions would be controlled.

The bill has the provision of qualification and the tenure of the board members of the financial institutions.

Earlier, lawmakers Prem Suwal, Dr Subodh Pokharel and Chudamani BK Jangali had sought clarification from Mahara in this regard.

Similarly, Minister for Commerce Romi Gauchan Thakali tabled the trade facilitation agreement in the meeting.

The next meeting of the Parliament is scheduled for 1 pm on January 13. RSS

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