In the first quarter of the current FY, Nepal Rastra Bank has taken action against two banks for noncompliance.
The central bank took action against Nepal Investment Mega Bank (NIMB) for negligence in account opening and operating under Nepal Rastra Bank Act, 2058 Section 100, Subsection (1) (A).
Similarly, the bank took action against Prabhu Bank for noncompliance of NRB direction regarding cease of locker under Nepal Rastra Bank Act, 2058, Section 100, Subsection (1) (A).
