NRB revoked ban on United Bikas Bank

KATHMANDU: NRB revoked the ban imposed on United Bikas Bank on deposit collection and lending. NRB banned the bank from collecting deposits and lending on November 18, 2006 under NRB Act section 86 (b). “New investors injected capital into the bank, bringing the capital fund of the bank up to the minimum requirement,” the central bank said. — HNS