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Nepal Rastra Bank suspends Karnali Development Bank over financial irregularities

KATHMANDU: The Nepal Rastra Bank (NRB) has imposed severe restrictions on Karnali Development Bank, barring it from accepting deposits and issuing new loans following the identification of critical financial issues during a recent inspection. The central bank’s examination revealed that the Nepalgunj-based development bank failed to maintain the required...

Nepal Rastra Bank suspends Karnali Development Bank over financial irregularities
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