Nepal Rastra Bank relives Nepal Finance Limited from problem ridden state; allows to resume operations
Nepal Rastra Bank (NRB) has relieved Nepal Finance Limited (NFL) from problem ridden state. The business of the finance company was halted from Mangsir 17, 2071 by NRB.
The finance company was directed to halt all services like deposit collection, issuing loans etc. However, as per the decision of the bank and NRB, the bank has been relieved of problematic state.
NFL is one of the oldest finance company licensed by NRB.
