Nepal Rastra Bank (NRB) is likely to vacate the leadership slot in the Deposit Insurance and Credit Guarantee Corporation (DICGC). As the majority stake in the corporation is now with the government, the Ministry of Finance (MOF) has proposed to take over the leadership of the corporation. MOF is planning to appoint a Joint Secretary to lead the DICGC. The restructuring proposal awaits approval from the finance minister.

The government owns 87.32 per cent while NRB has 11.06 per cent stakes in the DICGC. The government is also planning to purchase the shares owned by Nepal Bank Limited and Rastriya Banijya Bank. The paid up capital of the corporation is Rs 980 million.