Kathmandu, July 18: The Nepal Rastra Bank (NRB) has continued its previous year’s decision to postpone the establishment of new commercial banks, development banks and financial institutions in the fiscal year 2014/15.
In the new monetary policy announced on Friday, the central bank has continued its previous year’s decision of not accepting new applications for banks and financial institutions under the heading of financial sector reforms, regulation and supervision.
Likewise, the monetary policy has barred the banks and financial institutions failing to meet the minimum paid up capital from expanding their branches and distributing dividends and they would be given the fixed limitations for deposits collection and loan investment.
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