NRB alerts four CEOs including Prabhu Bank CEO Sherchan
26 Apr 2024
KATHMANDU: Nepal Rastra Bank (NRB) has issued alert notice against four chief executive officers (CEOs) including Prabhu Bank’s Ashok Sherchan for their alleged non-compliance with the withholding order of the central bank.
Along with Sherchan, CEOs of Bank of Kathmandu (BOK), Kumari Bank Limited and Prime Commercial Bank have been alerted for their defiance.
NRB has penalized nine commercial banks for not abiding by the directives issued on various occasions.
The central bank has also imposed damages on Agriculture Development Bank (ADB) and Bank of Kathmandu (BOK).
NRB has imposed a fine of...
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