{"id":287365,"date":"2026-02-13T12:47:15","date_gmt":"2026-02-13T07:02:15","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=287365"},"modified":"2026-02-13T12:50:06","modified_gmt":"2026-02-13T07:05:06","slug":"nepal-rastra-bank-takes-action-against-three-commercial-banks-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/nepal-rastra-bank-takes-action-against-three-commercial-banks-2\/","title":{"rendered":"Nepal Rastra Bank takes action against three commercial banks"},"content":{"rendered":"<p>Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has taken action against 3 commercial banks for violating regulatory provisions. <\/p>\n<p>Current fiscal year 2082. The central bank has taken action against NIC Asia Bank, Global IME Bank and Nepal Investment Mega Bank. According to the central bank, action has been taken against these banks for the first time in the second quarter. <\/p>\n<p><span style=\"color: #0000ff\"><strong>What action is taken against whom? <\/strong><\/span><\/p>\n<p><span style=\"color: #0000ff\">NIC Asia Bank<\/span><\/p>\n<p>The then chairman of the board of directors of the bank, Tulsi Ram Agrawal and the then chief executive officer of the bank, Roshan Kumar Neupane, have been fined with Rs 100 sub-section 2(c) of the Nepal Rastra Bank Act, 2058 (including second amendment, 2073) for publishing the financial statements in violation of the directives issued by the Nepal Rastra Bank to NIC Asia Bank. A fine of Rs 2 lakh has been imposed. <\/p>\n<p>{{TAG_OPEN_span_20}Global IME Bank<\/span><\/p>\n<p>On the basis of the field inspection report, 2082, the NRB has warned the Chief Executive Officer of the bank in accordance with clause (a) of sub-section (2) of Section 100 of the Nepal Rastra Bank Act, 2.58. <\/p>\n<ul>\n<li> Regarding the failure to maintain adequate credit loss as per the provision of Integrated Directive No. 2\/081 of 2081 issued to the banks and financial institutions of class &#8220;A&#8221;, &#8220;B&#8221; and &#8220;C&#8221; licensed by the Nepal Rastra Bank. <\/li>\n<li> During the on-site inspection of the bank, it was found that the core banking software could recreate the already repaid loan with the old value date. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\">Nepal Investment Mega Bank<\/span><\/p>\n<p>Nepal Rastra Bank (NRB) Direction No. Point No. 2\/081. Without fully complying with Rule 3 (h) of the Act, the loan has been issued in excess of the guarantee by the security without the signature of the customer in the documents related to the loan and the security has issued more loan than the guarantee. Direction No. Point No. 15\/081. The interest rate difference of the same type of loans has been increased by more than 2 percentage points without full compliance with Article 37 and the Guidance on Current Capital Loans, 2079 has been set at point no. The Board of Directors and Chief Executive Officer of the Bank have been cautioned pursuant to Section 100 Sub-Section 2 (a) of the Nepal Rastra Bank Act, 2058 for issuing new short-term loans in the last months of the financial year without fully complying with Clause 8.5 and 10.12 and using the said loans for loan recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has taken action against 3 commercial banks for violating regulatory provisions. Current fiscal year 2082. The central bank has taken action against NIC Asia Bank, Global IME Bank and Nepal Investment Mega Bank. According to the central bank, action has been taken against these banks for the first time [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":229318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45031,45159],"tags":[],"class_list":["post-287365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-banner-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/287365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=287365"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/287365\/revisions"}],"predecessor-version":[{"id":287366,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/287365\/revisions\/287366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/229318"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=287365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=287365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=287365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}