BFIs

Central bank tightens regulations on major shareholders of microfinance institutions

KATHMANDU: Nepal Rastra Bank (NRB) has imposed stricter regulations on major shareholders of microfinance financial institutions. The central bank amended and revised the Unified Directives 2079 to introduce these new measures. According to NRB, shareholders holding 1% or more of the paid-up capital of a microfinance institution and their...

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