Kathmandu, July 21
The Nepal Rastra Bank has changed the name
of its seven departments from the beginning of the current fiscal year 2020/21.
The General Services Department is renamed
as Assets and Service Management Department (ASMD), and Research Department as
the Economic Research Department (ERD), according to a notice published by the
NRB on Tuesday.
Microfinance Promotion and Supervision
Department has got a new name Microfinance Institutions Supervision Department
(MFISD) while Corporate Planning Department is changed into Corporate Planning
and Risk Management Department (CPRMD).
Likewise, the banking sector regulator has
rebranded the Banking Office as Banking Department (BD), Information Technology
Department as Information Technology Division (ITD) while the offices outside
the valley will be called Provincial Offices.
Spokesperson of the central bank Dr.
Gunakar Bhatta said that the names were adjusted as per their nature of work.
“Some names sound too conventional so they
have been changed as per the current duties and market demands,” he said.
Published in The Rising Nepal daily on 22 July 2020.
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