Nepal Rastra Bank, the central bank of Nepal has changed the provisions regarding
establishment of new bank branches or head offices in the Kathmandu
valley. Henceforth, banks and financial institutions will have to
open three branches outside the valley before they will be allowed to
open one branch in the valley. Earlier, they were allowed to set up
branches in the valley after opening two branches elsewhere in the
country.
Among
the three branches required to be opened outside the valley, one branch
must be established in one of the 14 districts identified by the central bank as
having a very low presence of banks and other financial institutions.
These districts are Bhojpur, Okhaldhunga, Manang, Rukum, Salyan, Jumla,
Mugu, Humla, Kalikot, Dolpa, Jajarkot, Bajhang, Bajura and Darchula.
Previously, this list contained 17 districts. Similarly,
of the two remaining branches, at least one should be located outside
the perimeter of district headquarters or municipalities.
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