Section 78: License to be Obtained from Bank

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1) Commercial Banks and financial institutions shall, in order to conduct banking and financial transactions, obtain a license from the Bank as prescribed.

2) While issuing a license pursuant to sub-section (1), the Bank may fix necessary terms and conditions, and it shall be the duty of the licensed bank and financial institution to abide by such terms and conditions.

Tagged:
nepal law
nepal rastra bank act

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