NRB Takes Action Against Half Dozen Development Banks And 4 Finance Companies

Jan 18, 2023 03:31 PM Merolagani



Nepal Rastra Bank (NRB) has taken action against half a dozen development banks due to non-compliance in the first quarter of the current FY.

 The bank fined the development banks citing not keeping required reserve, lack of loan extension in deprived sector and non-maintenance of CD ratio.

Similarly, the bank also fined four finance companies for noncompliance of NRB directives.

 




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