NRB Takes Action Against 10 Microfinance Institutions Amid Soaring Bad Loans and Surging Profits
Nepal Rastra Bank took prompt corrective action and imposed cash penalties on 10 microfinance institutions for…Nepal Rastra Bank took prompt corrective action and imposed cash penalties on 10 microfinance institutions for regulatory breaches, including capital fund deficits and cash reserve violations, amid rising bad loans and sectoral pressures in FY 2082/83.