Tuesday, September 11, 2012

CIB blacklists former governor Shrestha

Credit Information Bureau (CIB) blacklisted former central bank governor and chairman of Nabil Bank Satyendra Pyara Shrestha today as he has failed to pay back loan to NB Bank taken by Amie Pharmaceuticals.
CIB also blacklisted Bhibha Kumari Mishra, Indrani Mukherjee, Uttam Kumar Mukherjee.
NBB had earlier asked the CIB to blacklist Shrestha after it failed to recover the loans from him and his partners.
Shrestha will now have to step down from the post of chairman of Nabil Bank as the Bank and Financial Institution Act bars any individuals blacklisted by CIB to be a board member in any financial institutions. 
Shrestha and his partners had taken a loan of Rs 40 million from NBB more than four years ago. NBB had issued a 35-day notice for payment last month.
Meanwhile, the CIB today also blacklisted Rajendra Shakya for being unable to pay back loan of Comfortable Housing.

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