The Supreme Court (SC) has ordered the Nepal Rastra Bank (NRB) not to implement its directives that prohibited banks from lending against the security of more than 50 per cent of the shares of a promoter of a bank. In its order issued early April, the SC said the NRB directives of some nine months ago were found biased against the promoter shareholders.
The stay order, was issued by the single bench of Justice Balram KC after hearing on a writ filed by Santu Shrestha, a promoter of Kumari Bank. The order has also asked NRB to submit the logic behind the directive.
Â
you need to login before leave a comment
Write a Comment
Comments
No comments yet.