Nepal Finance begins operation from today; Official notice published

Thu, Dec 12, 2019 11:38 AM on Latest, Stock Market,

Nepal Finance (NFS) had been relieved from the problem-ridden state by Nepal Rastra Bank (NRB) yesterday. Today the Finance Company has published a notice regarding the commencement of operation.

NFS is beginning its operation from today (Mangsir 26, 2076).

The business of the finance company was halted from Mangsir 17, 2071 by NRB. The finance company was directed to halt all services like deposit collection, issuing loans etc. However, as per the decision of the bank and NRB, the bank has been relieved of the problematic state.

NFL is one of the oldest finance company licensed by NRB.

Announcement