Nepal Rastra Bank Takes Regulatory Action Against Himalayan Bank Limited
▸ Part of: Nepal Rastra Bank Takes Action Against Himalayan Bank for Systemic Violations
Nepal Rastra Bank has initiated regulatory action against Himalayan Bank Limited for systemic violations, including improper discounting, misuse of interest rate concessions, and failure to maintain adequate loan loss provisioning. The central bank issued warnings to the CEO and Board of Directors and mandated the submission of a commitment letter for corrective measures, invoking provisions of the Nepal Rastra Bank Act, 2058.
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