Sunday, January 5th, 2025

NRB takes action against dozen banks; CEOs warned


16 March 2022  

Time taken to read : 2 Minute


  • A
  • A
  • A

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 banks penalized include Rastriya Banijya Bank, NABIL bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, NCC Bank, Citizens Bank, Sunrise Bank, Mega Bank and Century Bank, Standard Chartered Bank and NMB Bank.

According to a policy circular issued on May 25, 2021, the banks cannot keep the difference of more than 5 percent between the highest and lowest interest rate for the amount deposited by customers.

Publish Date : 16 March 2022 11:51 AM

Arguments in favor of defendants continue in Surya Darshan Cooperative fraud case

KATHMANDU: The legal proceedings for the seven defendants, including Rabi

BP Highway reconstruction estimated at Rs 9.66 billion

KATHMANDU: The reconstruction of various sections of the BP Highway,

Maoist Center’s central committee meeting begins today

KATHMANDU: The central committee meeting of the Maoist Center is

Economic Digest: Nepal business news in a snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of

Today’s foreign currency exchange rates

KATHMANDU: Nepal Rastra Bank has published the foreign exchange rates