Section 16: Appointment of the Deputy Governor

1) The Government of Nepal, through the Council of Ministers, shall, on the recommendation of the Governor, appoint a Deputy Governor.

2) The Governor shall, while making recommendations for the appointment of Deputy Governor pursuant to sub-section (1), recommend names, double in number of the post falling vacant, from among the special class officers of the Bank on the basis of their performance and capability.

3) A person appointed in the post of Deputy Governor under this Section shall be deemed to have been automatically retired from the service of the Bank.