NRB takes action against dozen banks; CEOs warned
20 May 2024
KATHMANDU: Nepal Rastra Bank (NRB) has taken action against more than a dozen banks until the second quarter of the fiscal year 2078/79.
The supervision department of the national bank took action against them for various reasons including their failure to maintain deposit required as per the regulations.
The NRB has penalized Prabhu Bank with a fine of Rs 180,430 for its failure to maintain the deposit as per the regulations.
Similarly, the NRB has issued a warning to Nepal Bank for not following the direction to hold back the bank account of Atlas Engineering Construction Company.
Other bank...
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