Kathmandu. KATHMANDU: The Confederation of Bank and Financial Institutions (CBFN) has drawn serious attention to the case of Nepal Investment Mega Bank.
KATHMANDU: The attention of the CBFIN has been drawn to the investigation into the regular process of the sale of shares of the reputed Nepal Investment Mega Bank, which has a long history in the banking sector of Nepal, and the filing of cases against some key officials in the country.
Nepal Rastra Bank is primarily responsible for carrying out technical and regulatory audit of commercial decisions related to loan disbursement, collateral security, loan recovery and auction of BFIs.
Therefore, the NRB is of the view that necessary investigation by the Nepal Rastra Bank should be carried out and coordination among the bodies concerned on the basis of findings and opinions before proceeding with further investigation or action on such issues.
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