Nepal Rastra Bank fines two commercial banks

Nepal Rastra bank (NRB) has taken action against two commercial banks operating in the capital city Kathmandu.
 
The central bank took action against these two banks for their failure to abide by the provision of flowing loan to the disadvantaged group of the society. As per the agreement, three percent of total loans should be flowed to the disadvantaged class.
 
The NRB fined Rs. 2,26,000 to Machhapuchree bank and Rs. 8, 8000 to Lumbini bank. Both of the banks were fined for their inability to flow loan as per the provision for the fiscal year of 2006/007.