NRB Takes Action Against Three Commercial Banks

Aug 07, 2023 03:42 PM Merolagani

Nepal Rastra Bank (NRB) has taken action against three commercial banks in the fourth quarter of the last FY.

The central bank warned CEO of Prime Commercial Bank to maintain adequate provision for possible losses and report actual risk weighted asset.

Similarly, NRB fined Kumari Bank and Himalayan Bank for not maintaining credit deposit ratio. Kumari Bank paid a fine of Rs 5.9 million and Himalayan Bank paid a fine of Rs 13.9 million to NRB.

 


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