As such, NIFRA is closely regulated by Nepal Rastra Bank through its separate set of directives issued to infrastructure development banks. It is a dynamic document regularly amended as deemed necessary by the central bank and compiled each year for ease of referring to the same. In the process, NIFRA is subject to on-site and off-site inspections from NRB’s ‘Bank Supervision Department’ on annual basis.
NIFRA is also regulated by SEBON with regards to the activities related to securities, mandating NIFRA to ensure adequate periodic disclosures.
Similarly, NIFRA, being a public company, is also regulated by Company Registrar’s Office with respect to compliance of Companies Act, 2006.