Nepal Rastra Bank (NRB) slapped 10 commercial banks with a fine for failing to maintain credit deposit ratio (CD ratio) and breaching the anti-money laundering directive.
Those facing financial actions are, Rastriya Banijya Bank, Century Commercial Bank (Prabhu Bank), Nepal Bank, Nabil Bank, Global IME Bank, Agricultural Development Bank and Himalayan Bank.
Himalayan Bank was slapped with a fine of Rs 7.172 million for failing to maintain the CD ratio in the Nepali month Bhadra, 2079.
Similarly, NRB slapped Agricultural Development Bank with a fine of Rs 6.958 million, Global IME Bank with Rs 44.2 million, Nabil Bank (64.6 million), Nepal Bank (Rs 1.859 million), and Prabhu Bank with Rs 28.4 million.
Likewise, Rastriya Banijya Bank has been slapped with a fine of Rs 1 million for breaching the anti-money laundering directive issued by NRB.
Similarly, Kumari Bank has been warned for issuing subsidized loan without due justification.
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