The central bank has allowed Professors and Readers of government owned universities to hold a position on board of financial institution. Issuing a circular, Nepal Rastra Bank (NRB) has stated that there is no prohibition on appointing professors and readers as a director in the governing board of any financial institution.

Earlier, in February, the central bank had forbidden former government officials of any level and former full-time employees of public enterprises, government run schools or educational institutions from being appointed as board members of banks and financial institutions, unless they represented government agency in those boards. According to Nepal Rastra Bank those professionals who have obtained at least a master’s degree in management, banking, finance, money, economics, commerce, trade, administration, commercial law or who have an accounting or commercial law or a chartered accountancy degree and have at least five years of experience at the executive level in the banking and finance field can be considered to be appointed as professional directors.