Directors’ immediate family members cannot hold more than 10% shares in companies involved in securities trading.
director or a shareholder holding more than 1% of shares, or a firm or company owned by them or having financial interest in their family, cannot conduct business by renting property or engaging in transactions with such a firm or company
director in one institution cannot simultaneously hold a position as a director, advisor, or any other role in another licensed co.
In same BFI director and ceo cannot be of same family or linked by same interest in any manner like firm or other.
CEO/ Director or its firm should not be blacklisted for last 3 years to be appointed
Director's maximum age is 70 years and after 74 years cannot hold the post.
Statutory Audit & Internal Audit firm/person should not inter link in any manner.
founder, director, or a shareholder holding more than 0.1% of shares (in his name and family member name), and their family members, cannot be an independent director.
CEO's maximum age is 65 years and after 69 years cannot hold the post. Also, CEO should give full time to its bank and not work as part time in other BFI
Person holding equal or more than 1 % share cannot be appointed as CEO or other staff member except director in a class bank.
CEO can be appointed for maximum 2 tenure. One tenure is of 4 years.
CEO & managerial post must not be vacant for more than 3 months.
Staff should not work as part time in elsewhere without proper approval from BFI
founder, director, or a family member, shareholder holding less than 1% of the founder's shares works as an employee, such person should not be in union of bank
BFI must spend a minimum of 3% of the total salary and allowance expenses of the previous fiscal year on training and career development of employee.
job-related training at least once every 2 years. trade finance and loan-related roles in every 1 year. New employee 2-week orientation program within the first month
No loan facility to; but can lend as credit card or against 100% cash margin bg or against fd, debenture of nrb.
director or it’s family or related party holding share more than or equal to 10%
Holding more than 0.5% of promoter share of paid-up capital or shareholders holding more than 1% of paid-up capital, along with their family members and employees. Or their invovlment in firm or entity having more than 10% share. Valuators.
Minium 1% of net profit to be invest in CSR activites in one FY. Maxium 6% of 1% to be invested to promote digital banking.
Core Banking Services should not be done by outsource staffs.
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