Section 30
Functions, Duties And Powers Of The Governor
(1) The functions, duties and powers of the Governor shall be as follows:-
(a) To implement the decisions made by the Board;
(b) To operate and manage the Bank;
(c) To systematize the functions to be carried out by the Bank;
(d) To represent and cause to represent on behalf of the Bank in international organizations and associations;
(e) To implement and cause to implement the policies relating to monetary and foreign exchange matters;
(f) To formulate necessary policy on rates of interest for deposits and loan with commercial banks and financial institutions;
(g) To formulate necessary policies with regard to the rates of interest to be paid by commercial banks and financial institution on deposit and loan or the rate of
interest to be charged by them on deposits and loan;
(h) To formulate necessary policies relating to liquidity to be maintained by commercial banks and financial institutions;
(i) To make necessary arrangement with regard to the basis, amount, methods, conditions and duration of compulsory deposit to be maintained by commercial banks and financial institutions, and its use;
(j) To fix the terms and conditions relating to adequacy of the capital fund of commercial banks and financial institutions;
(k) To take decision with regard to the procedures and terms and conditions to be followed while purchasing and selling gold and other precious metals;
(l) To fix the charge on the services to be provided by the Bank;
(m) To take decision for opening and closing branch offices and other offices of the Bank as may be necessary;
(n) To establish and close the agency of the Bank;
(o) To make necessary arrangement for development and operation of information system of the Bank;
(p) To make necessary arrangement for supervision of commercial banks and financial institutions;
(q) To take decision with regard to revocation of the license provided to commercial banks and financial institutions;
(r) To take decisions on any other matters subject to the powers delegated by the Board of Directors;
(2) The powers to be exercised by the Governor of a Central Bank in accordance with international practice shall be vested in the Governor.
(a) To implement the decisions made by the Board;
(b) To operate and manage the Bank;
(c) To systematize the functions to be carried out by the Bank;
(d) To represent and cause to represent on behalf of the Bank in international organizations and associations;
(e) To implement and cause to implement the policies relating to monetary and foreign exchange matters;
(f) To formulate necessary policy on rates of interest for deposits and loan with commercial banks and financial institutions;
(g) To formulate necessary policies with regard to the rates of interest to be paid by commercial banks and financial institution on deposit and loan or the rate of
interest to be charged by them on deposits and loan;
(h) To formulate necessary policies relating to liquidity to be maintained by commercial banks and financial institutions;
(i) To make necessary arrangement with regard to the basis, amount, methods, conditions and duration of compulsory deposit to be maintained by commercial banks and financial institutions, and its use;
(j) To fix the terms and conditions relating to adequacy of the capital fund of commercial banks and financial institutions;
(k) To take decision with regard to the procedures and terms and conditions to be followed while purchasing and selling gold and other precious metals;
(l) To fix the charge on the services to be provided by the Bank;
(m) To take decision for opening and closing branch offices and other offices of the Bank as may be necessary;
(n) To establish and close the agency of the Bank;
(o) To make necessary arrangement for development and operation of information system of the Bank;
(p) To make necessary arrangement for supervision of commercial banks and financial institutions;
(q) To take decision with regard to revocation of the license provided to commercial banks and financial institutions;
(r) To take decisions on any other matters subject to the powers delegated by the Board of Directors;
(2) The powers to be exercised by the Governor of a Central Bank in accordance with international practice shall be vested in the Governor.