Saturday, January 19, 2013

Kuber Merchant Finance Limited and Himalayan Finance Limited declared "Problematic Institutions"

Kuber Merchant Finance Limited and Himalayan Finance Limited declared "Problematic  Institutions" by Nepal Rastra Bank (NRB).



Kuber Merchant Finance Limited and Himalayan Finance Limited declared "Problematic  Institutions" by Nepal Rastra Bank (NRB).


According to the special supervision of 3rd quarterly report of 2068 of the institution which was carried down from 2069/01/31 to 2069/02/04, it was found out that the institution was unable to maintain the minimum CRR, unable to release the fixed deposit of different organization which has lead to the critical condition, many loans were found to be bad.

For More Information on Kuber Merchant Finance Limited

For More Information on Himalayan Finance Limited

Source: Nepal Rastra Bank as on 19, January 2013

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