Rastra Bank releases World Merchant Banking and Finance from problematic state
Wed, Jul 31, 2019 4:51 PM on Latest,
On Shrawan 15, 2076 (today) Nepal Rastra Bank (NRB) has published a notice releasing World Merchant banking and Finance Limited from problematic state.
NRB had declared the finance as crisis-ridden institution on Baisakh 13, 2070 forbidding the company to do transactions such as deposits collection, loan disbursement and so on. However after 6 years, on Shrawan 07, 2076 NRB held another meeting where the company has been declared revived.
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