Preamble

The date of certification and publication

2074/1/10

The Act of Amending

1) Amendments to the Constitution of

Nepal, 2074                            2075/11/1

2) An Act to amend some Nepal Acts related to

the National Code, 2075                    2076/1/12

Act No. 1 of the year 2074

An Act enacted for amendment and consolidation in laws relating to Banks and Financial Institutions

Preamble: Whereas it is expedient to amend and consolidate forthwith the prevailing laws relating to banks and financial institutions in order to increase the confidence of the general public towards the overall banking and financial system of the country; to protect and promote the rights and interests of depositors; to provide quality and reliable banking and financial services to the general public through healthy competition among banks and financial institutions thereby making national economy sustainable and strong; and to maintain financial stability and make necessary legal provisions concerning establishment, operation, management, regulation, inspection and supervision of banks and financial institutions;
Now, therefore, be this Act enacted by the Legislature-Parliament pursuant to in Sub-Article (1) of Article 296 of the Constitution of Nepal