Economy

Nepal Rastra Bank moves to declare Pokhara Finance a troubled institution amid rising financial woes

KATHMANDU: Nepal Rastra Bank (NRB) is preparing to declare Pokhara Finance a problematic financial institution. The central bank’s board of directors has decided to give Pokhara Finance a 15-day period to submit its defense under Section 86(6) of the Nepal Rastra Bank Act, 2058. This decision follows extensive discussions...

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