Wednesday, July 16, 2014

Nepal Rastra Bank Introduces Unified Directives 2014

Nepal Rastra Bank, the Central Bank of Nepal introduced Unified Directives 2014. This Unified Directives prevents Individual to acquire loan to purchase promoter share of bank and financial institutions (BFIs), makes mandatory for promoters and high-ranking officials of BFIs to declare their properties and covers Development Banks and Finance Companies to mark Money in bank and financial institutions and eases provision on margin lending.