Crystal Finance Limited's License Dissolved by NRB
Tue, Aug 18, 2020 11:01 AM on Latest,
Crystal Finance Limited's license has now been dissolved.
The "Banks and Financial Institutions Regulation Department" of Nepal Rastra Bank issued a notice informing about the dissolution of the company's license. NRB had given the operating license to Crystal Finance on 2058, Falgun 08.
Nepal Rastra Bank’s board had previously declared Crystal Finance Company crisis-ridden almost eight years ago after the company’s financial health deteriorated as a result of insider lending.
