Kathmandu. Nepal Rastra Bank has taken action against more than a dozen commercial banks. The Bank Supervision Department of NRB has taken action against these banks in the second quarter of FY 78/79. Accordingly, NRB has fined Prabhu Bank Rs. 180,400 for not maintaining the mandatory cash reserve / statutory liquidity ratio in the second quarter.

Similarly, action has been taken against Rastriya Banijya Bank, Nabil Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, NCC Bank, Citizens Bank, Sunrise Bank, Mega Bank and Century Bank. Directive No. 15 of the Unified Directive 2078 issued to the banks and financial institutions and the circular issued by the Department of Banks and Financial Institutions Regulation dated 2078/2/11 to V.V.N.V. Policy Circular Kakhag 9077, Buda No. 78 As per the provision in 10 (1), the published interest rate cannot be changed for three months in the case of term deposit collected on the basis of bidding. As per clause (a) of sub-section 2 of section 100 of 2058 BS, the chief executive officers of these banks have been alerted.

NRB has also taken action against Standard Bank and NMB Bank. Circular No. 15 of the Unified Directive 2078 issued to the banks and financial institutions and the circular issued on 2072/2/11. Policy / Circular Kakhga 9.077/78 of Banda no. In case of violation of the provision that the difference between the maximum and minimum interest rates on deposit accounts, which provide interest other than yesterday's deposits, cannot be made more than 5 percentage points, Nepal Rastra Bank The Chief Executive Officers of the said banks have been alerted as per clause (a) of sub-section 2 of section 100 of the Act, 2058 BS.