Nepal Rastra Bank Penalizes Five Microfinance Companies Over Capital Adequacy and Warns Directors and CEO of Three Others

Nepal Rastra Bank Penalizes Five Microfinance Companies Over Capital Adequacy and Warns Directors and CEO of Three Others

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.