NRB's Bank Supervision Dept. Takes Action Against Bank and Banking Personnel

The Bank Supervision Department under the Nepal Rastra Bank (NRB) has taken action against three banks and their staffers based on discrepancies in the fourth quarter report for the financial year 2079-80.

The Chief Executive Officer (CEO) of Prime Commercial Bank Limited (PCBL) has been notified of flouting existing banking laws as specified by Nepal Rastra Bank (NRB).

In the same manner, Kumari Bank Limited and Himalayan Bank Limited (HBL) too have to face the music for not maintaining required CD ratio in Magh, 2079 and Kartik, 2079 for the former and the latter, respectively.