Problematic & Liquidated Financial Institutions in Nepal
Financial institutions failing to operate well and unable to properly lend depositors are declared as problematic institutions by Nepal Rastra Bank. This post includes the list of such problematic institutions. Nepal Rastra Bank regularly monitors, supervisies and regulates licensed financial institutions. Inspite of such tools many institutions are declared problematic and are under direct control, monitoring as well corrective actions. Till date NRB have declared 16 financial institutions as problematic among which 4 institutions are liquidated (gone liquidation).
- Total 16 institutions are declared problematic
- 4 are liquidated
- Gorkha Development Bank (Class B) mergered with Kathmandu Finance (Class C) and downgraded
- Still 11 are in problematic phase
- More than 3.43 Billion deposit is risked by those institutions
- More than 7 Billion Loan is to be recovered sanctioned by these institutions
List of problematic Institutions are
- Nepal Share Markets Company Limited (Kathmandu)
- Crystal Finance (Chinatown, Kathmandu)
- Kuber Merchant Banking & Finance (Gyaneshwor, Kathmandu)
- Capital Merchant Banking & Finance (Battishputali, Kathmandu)
- World Merchant Banking & Finance (Hetauda, Makawanpur)
- General Finance (Chabahil, Kathmandu)
- Narayani Development Bank (Ratnanagar, Chitwan)
- Nepal Finance (Kamaladi, Kathmandu)
- Corporate Development Bank (Birgunj, Parsa)
- Arun Finance (Dharan, Sunsari)
- Lalitpur Finance (Lagankhel, Lalitpur)
Liquidated Problematic Institution by Nepal Rastra Bank are
- Himalayan Finance Limited (Bagdarbar/Sundhara, Kathmandu)
- Nepal Development Bank (Kamaladi, Kathmandu)
- Samjhana Finance (Banepa, Kavrepalanchok)
- United Bikash Bank (Birgunj, Parsa)
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