Money

BFI heads face Rs500k fine for not maintaining buffer

Board directors and CEOs of banks and financial institutions (BFIs) will now be subject to a fine of up to Rs500,000 if they fail to maintain minimum regulatory capital buffer to protect cash parked by depositors in the case of defaults by borrowers and deterioration in financial health of institutions. BFI heads face Rs500k fine for not maintaining buffer
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Rupak D. Sharma
Published at : May 16, 2017
Updated at : May 16, 2017 13:14
Kathmandu


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