Standard Chartered Fined NPR 148.5 Million; Five Banks Face NRB Action

Kathmandu – Nepal Rastra Bank (NRB), the central regulatory authority, has taken action against five commercial banks in the third quarter of the current fiscal year for violating regulatory directives. The penalized banks include Rastriya Banijya Bank, Kumari Bank, Laxmi Sunrise Bank, Nepal Bank, and Standard Chartered Bank. The actions were taken by the Bank…