Nepal Rastra Bank appoints new governor

After a protracted dispute among the ruling parties, a cabinet meeting on Monday 31 January finally decided to appoint deputy governor Bijaya Nath Bhattarai as the new governor of the Nepal Rastra Bank.

"There is a strong need to push ahead the financial sector reform programme more effectively," he told reporters following his appointment to the post Monday.

"The major challenge facing NRB is to revive Nepal Bank Ltd. and Rastriya Banijya Bank and we are determined to do so."

Following his appo