KATHMANDU, Nov 4: The profits of Nepal’s commercial banks declined 18.60 percent in the first three months of the current fiscal year, thanks to the fall in demand for loans due to the ongoing economic slowdown.
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KATHMANDU, Oct 20: The Nepal Rastra Bank (NRB) has taken action against six banks. During the first quarter of the current fiscal year 2023/24, the Bank Supervision Department of NRB imposed cash fines and issued warnings to six commercial banks that violated regulatory provisions.
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