Sat, May 02, 2026
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.
According to the third quarter financial reports of national level development banks, they have recorded impressive growth.
