With the problematic announcement, the management of Karnali Development Bank has been taken over by the team appointed by Rashtra Bank from today. To take control of the management, a three-member management group under the coordination of Tikaram Khatiwada, deputy director of the Bank and Financial Institutions Regulation Department, reached Nepalgunj yesterday (Wednesday).
Coordinator Khatiwada told Kantipur that work is currently underway to take control of the management. He said, "The management control of the documents is going on, the condition of the bank is normal, some depositors have come, we have sent them with assurance," he said, "We request all the depositors and customers to be assured as the management of the bank has come under the control of Rashtra Bank." story -break There was a problem in this bank for the last few days. Mainly due to the inability to return the savers' money (lack of liquidity), the bank was in trouble and the management of the bank was declared problematic and taken over by the National Bank.
No time has been specified as to how long this team of Rastra Bank will take control of the management. However, it has been said that until another decision is made. However, Rashtra Bank sources said that there is a plan to select a new management for the organization within a month.
This bank has about 5 billion deposits and 3 billion rupees in loans. This bank has not maintained the minimum capital ratio as specified, while the non-performing loan ratio is 40.85 percent, according to the National Bank.
The management group of Nepal Rastra Bank is authorized to exercise the functions, duties and powers of the board of directors and the special general meeting of the institution under the prevailing laws including the Nepal Rastra Bank Act, 2058, the Bank and Financial Institutions Act, 2073, and the mandate assigned to it. Ramu Poudel said.
