Kathmandu. The government has moved forward with legal procedures to amend the Banks and Financial Institutions Act (BAFIA) to qualify individuals who have been warned or reprimanded as eligible to become directors of banks and financial institutions.Finance Minister Dr. Swarnim Wagle provided this information while speaking at a meeting of the Finance Committee on Monday.According to Minister Wagle, the existing provision in Section 18, Sub-section (1), Clause 'd' of BAFIA is being amended. Currently, there is a strict provision that a person who has been penalized by the regulatory body for violating the law or whose penalty has not yet...