Bangladeshi "Hauldar Yunus & Company" has been selected to conduct an independent audit of 10 large commercial banks operating in Nepal. The asset and service management department of the National Bank has issued a letter of intent to select the company in the second phase.

According to Nepal Rastra Bank, "Hauldar Yunus & Company" was selected in the second round among the candidates. Rastra Bank on Wednesday issued a notice of letter of intent to select the company. Rashtra Bank says that if there is no complaint against the said company within a week, the same company will audit 10 companies. 

Along with this, the company will receive a payment of 62 lakh 54 thousand rupees and two lakh 71 thousand dollars (about three crore 71 lakh rupees). Rastra Bank is going to conduct an independent audit of 10 big commercial banks of Nepal with the suggestion and support of International Monetary Fund (IMF). 

In December last year, the National Bank through a notice invited interested foreign auditors to submit a Letter of Intent for a Comprehensive Asset Quality Review (Loan Portfolio Review-LPR) of Nepal's commercial banks. Hauldar Yunus Company of Bangladesh was selected by the National Bank among the foreign auditors who submitted the letter of intent. 

Satish Subedi, owner of S Subedi and Associates, on behalf of Mehra JKSS SSBDI, another company that submitted a letter of intent against this selection, filed a writ seeking Supreme Interim order, opposing Rashtra Bank and Public Procurement Monitoring.

But on June 9, Judge Dr. The joint bench of Manoj Kumar Sharma and Nriphadwaj Niraula decided that the interim order would not continue, but the way was open for the Rashtra Bank to proceed with the process. After the company started the audit, the quality of the loans provided by 10 large commercial banks selected according to the criteria set by the National Bank