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Directives to legalize CEO's salary: Governor

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KATHMANDU, Dec 1: Amid criticism from bankers on the recent Nepal Rastra Bank (NRB) directives that put cap on the remuneration of CEOs of commercial banks, central bank governor Dr Yubaraj Khatiwada Wednesday assured that the directive has instead legitimatized their remuneration.



“There is no need for you CEOs to feel demoralized. Instead, the directive has raised your morale by legitimizing your remuneration,” Khatiwada said at a program organized to mark the Society of Economic Journalists of Nepal (SEJON) Day on Wednesday.[break]



“You (CEOs) have now become the largest proportionate tax payers in the country, which is matter of pride for you all.”



Speaking on the occasion, bank CEOs flayed the NRB´s move, stating that it has demoralized CEOs by not recognizing their performance. “We are feeling demoralized. There should be no environment that stains our dignity,” said Kamal Gyawali, CEO of Kist Bank.



Khatiwada assured business journalism that the central bank was mulling over formulating a package course for economic journalism and launching training in collaboration with Securities Board of Nepal (SEBON) to enhance the capacity of Nepali business journalists.



On the occasion, SEBON Chairman Surbir Poudel assured SEJON that they would continue training for business journalists in the coming days as well.



President of Federation of Nepalese Chambers of Commerce and Industry Kush Kumar Joshi, president of Nepal Chamber of Commerce Surendra Bir Malakar and vice-chairman of Nepal Bankers´ Association Rajan Singh Bhandari also assured their financial support for the SEJON Award Fund.



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