Showing posts with label Take Over. Show all posts
Showing posts with label Take Over. Show all posts

Tuesday, February 4, 2014

NRB takes over management of NCC Bank

Kathmandu, Jan 4


The Nepal Rastra Bank (NRB) has taken over the management of  Nepal Credit and Commerce Bank(NCCB). The central bank on Tuesday dissolved the NCC board and handed it over to a three-member management team led by Director Laxmi Prapanna Niraula after expiry of the deadline given by NRB to resolve the dispute among the NCC board members.
The management team, including Deputy Director Ramesh Acharya and Assistant Director Resham Raj Regmi, has been authorized to even exercise the rights of the board of directors. The dispute had been rising due