Kathmandu. Nepal Rastra Bank (NRB) has taken action against Himalayan Bank for violating regulatory provisions.
The central bank has taken action against Himalayan Bank in the first quarter of 2083. In the first quarter of 2018, Himalayan Bank has taken action and imposed a cash penalty. Himalayan Bank is the only commercial bank to face action from the Rastra Bank in this quarter.
According to the Nepal Rastra Bank, Himalayan Bank failed to maintain a minimum of 90 percent of the mandatory cash reserve with the central bank on a daily basis for August 19. For this reason, Himalayan Bank has been fined Rs 4,26,884.99 for the first time, according to the Bank Supervision Department of the Rastra Bank.
