Kathmandu. Nepal Rastra Bank (NRB) has imposed a fine on Narayani Development Bank Limited for violating the regulatory provisions related to the loan-deposit ratio (CD). According to the action report of the second quarter of the financial year 2080/81 released by the Department of Financial Institutions Supervision, the bank has been fined for exceeding the prescribed limit.
According to the Rastra Bank, the CD ratio of the bank has been increased for the first time in Shrawan 2080 and for the second time in August 2080. Point No. 5 Subpoint No. 6 (6) It was found to have exceeded the maximum limit of 90 percent.
In this way, the regulatory limit is violated. Point No. 5 Subpoint No. 6 (7) The total amount of Rs. According to the NRB, a fine of Rs 2,91,92,107 has been slapped on the banks.
Earlier, the same bank had imposed a financial penalty on the same bank as per the Licensed Institution Directive, 2078 for not complying with the provision related to mandatory cash reserve ratio (CRR).
The Rastra Bank has again warned banks to maintain liquidity management, CD ratio and other regulatory indicators within the prescribed limits.
