A board meeting of Nepal Rastra Bank (NRB) on Thursday decided to immediately make public the "due diligence report" (a detailed report of a bank) on the status of Bank of Kathmandu(BoK).
The BoK management had recently withdrawn a case filed against NRB--the central bank--against an NRB decision, taken a month ago, to take over the management of BoK. The BoK management had withdrawn the case expressing firm commitment to not repeating past mistakes as indicated by the central bank.
A source at NRB said the central bank is giving priority to call the bank's general assembly and handover management to its previous management as soon as possible.
Source:
myrepublica.com
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Friday, June 26, 2009
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