Central Bank Penalizes Six Microfinance Institutions for Regulatory Violations, Two Fined Cash

Banking News – Nepal Rastra Bank has taken action against six microfinance financial institutions in the fourth quarter of the fiscal year 2082/83. The Microfinance Institution Supervision Department of the central bank took action against six institutions. Those facing action from the central bank include Forward Microfinance, Dhaulagiri Microfinance, Matribhumi Microfinance, NIC Asia Microfinance, Wean…