SEBON Directs NEPSE to Further Investigation on Karnali Development Bank

Dec 26, 2024 01:10 PM Merolagani



Securities Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to further investigate Karnali Development Bank and submit a report.

Issuing a notice on Thursday, the board directed NEPSE to suspend stock trading of Karnali Development Bank. Moreover, the board directed NEPSE to further investigate the bank and submit report.

On Wednesday, Nepal Rastra Bank declared Karnali Development Bank as problematic and took its management under control. After that, NEPSE suspended its trading on Thursday.

Meanwhile, the board directed for further investigation to secure interest of stock investors.




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