NRB Takes Action Against Non-Compliance Development Banks and Finance Companies

Jan 23, 2025 01:04 PM Merolagani

Nepal Rastra Bank (NRB) has taken action against few development banks and finance companies for disobedience of its regulatory provisions in the second quarter of the current FY.

The central bank took action against Garima Bikas Bank, Karnali Development Bank, Pokhara Finance, Central Finance, Lumbini Bikas Bank, Mahalaxmi Bikas Bank, Kamana Sewa Bikas Bank, Muktinath Bikas Bank, Salpa Bikas Bank, Saptakoshi Development Bank, Samriddhi Finance, Progressive Finance, ICFC Finance, Janaki Finance, Reliance Finance and Goodwill Finance.

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