Kathmandu. Nepal Rastra Bank has taken action against 6 commercial banks. Action has been taken against 6 commercial banks that did not work according to the instructions given by the National Bank. Among the banks under Rastra Bank's action are Lakshmi Sunrise Bank, Himalayan Bank, NMB Bank, NIC Asia Bank, Nabil Bank and Citizens Bank. The National Bank has alerted the chief executive officers (CEOs) and directors of these banks with cash fines.

In the first quarter of the current financial year, Laxmi Sunrise Bank has paid a fine of Rs 70 lakh for violating the law related to asset laundering. Himalayan Bank has imposed a cash penalty of Rs 1 crore 67 lakh 71 thousand in the first quarter of the current year for not maintaining the 80 percent credit-deposit ratio (CD ratio) specified in Baisakh.

NMB Bank was taken into action in the first quarter of the current financial year for misusing subsidized loans. According to sub-section (a) of Section 10 of the Integrated Directive Procedure, 2075 (with the third amendment), the loan provided as commercial agriculture and livestock loans was not for commercial purposes but for other purposes.

The National Bank has been instructed to return the entire amount of the interest subsidy provided on the loan from the borrower and deposit it in the Nepal National Bank. In addition, the chief executive officer (CEO) of the bank has been alerted according to section 100 of the Rashtra Bank Act, 2058 for violating the related procedures and instructions issued by this bank.

NIC Asia Bank and Nabil Bank have been prosecuted for violating the instructions of Capital Education. NIC Asia Bank Integrated Instruction No. Point No. 15 of In violation of the provision mentioned in (8) of 3, the interest risk premium taken from the customers was instructed to be returned to the respective customer's account, and some of them were not returned to the customer's account.

The bank raised the interest rate against the guidelines, CAPEDUCACY Framework 2015, and misreported by providing lower risk weighting of loans. The Chief Executive Officer of the Bank has been warned in accordance with sub-section (2) (a) of Section 100 of the Nepal Rashtra Bank Act as it has been found to have violated Point No. 3 of (8) of the Integrated Instruction issued by the Rashtra Bank.

Nabil integrated instruction no. In contrast to 3 of 15 2079, an additional 1.5 percent was collected as an additional risk premium on loans kept in the core banking system of the bank along with regular interest and penal recovery. As it appears that the bank has not calculated the risk-weighted assets according to the Capital Education Framework, 2015, has increased the premium contrary to the instructions, has taken loan admission fees quarterly from the borrowers and has provided interest rates lower than the published interest rates to the customers in the institutional term deposits, the chief executive officer of the bank has been referred to the Rastra Bank Act Section 100 subsection ( 2) It has been alerted according to a.

As Citizens Bank has not classified loan assets in accordance with Directive No. 2 of the National Integrated Directive 2079, has not maintained a system for loan loss, has not calculated risk-weighted assets according to the Capital Education Framework, 2015 and has repeatedly increased the premium rate contrary to the instructions, the bank's chief executive officer has been reprimanded by the National It was alerted according to sub-section (2) (a) of section 100 of the Bank Act.