The central bank of Nepal has taken prompt corrective action against five microfinance companies for failing to maintain the required capital adequacy ratio and issued warnings to the management of three others for governance lapses.
Nabil Bank Chief Executive Officer Manoj Gyawali has clarified that establishing an Asset Management Company will not automatically fix the banking sector’s problems, emphasizing that Nepali banks remain secure despite a rise in bad loans.
Nepal Rastra Bank has lifted the Prompt Corrective Action on Pokhara Finance Limited following its successful merger with Samriddhi Finance Company Limited.
Pokhara Finance Limited and Samriddhi Finance Company Limited have successfully completed their merger process, with joint operations under the name of Pokhara Finance set to begin on Asar 26.
The selection committee has shortlisted four candidates from 47 applicants for the position of Chairman of the Securities Board of Nepal. The finalists include former executive directors from both the central bank and the securities board.
Nepal Rastra Bank (NRB) has introduced three key policy changes expected to bring positive momentum to Nepal’s stock market. The central bank made these amendments through its revised Unified Directive issued on Wednesday. 1. Limit on Share-Backed Loans Removed NRB has removed the Rs. 25 crore cap previously set for share-backed loans. Earlier, a single … Read more