Multiple Banking Will Be Controlled : Adhikari

<br><EM>MAHA PRASAD ADHIKARI</EM>

May 7, 2012, 5:45 p.m. Published in Magazine Issue: Vol.: 05 No.-20 May 04 -2012 (Baisakh 22,2068)<br>

Deputy Governor of Nepal Rastra Bank (NRB) Maha Prasad Adhikari has said that multiple banking (in which a person or an organization can take loans from more than one financial institution) will be controlled.  If the Nepal Bankers’ Association comes up with official views regarding multiple banking, he said, NRB will take effective steps accordingly.


“People take loans from more than one banks by keeping the same property as a guarantee and then people do not pay loans to the other bank, this mentality has caused havoc in the financial sector,” he said.


(Karobar)

 

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