Kathmandu. Nepal Rastra Bank has taken action against Himalayan Bank. Nepal Rastra Bank has taken action against Himalayan Bank in the first quarter of the current fiscal year 2083/84.
Nepal Rastra Bank (NRB) has taken action against Himalayan Bank for openly using goons to collect money from borrowers.
According to the NRB, Himalayan Bank was not able to maintain a minimum of 90 percent of the mandatory cash reserve (CRR) for a day on August 19. For the first time, the central bank has imposed a fine of Rs 4,26,884.99 on the bank.
The Bank Supervision Department of Nepal Rastra Bank (NRB) has said that it has taken action against the bank for not complying with the regulatory provisions related to mandatory cash reserves.
