NRB Revokes Rashtriya Money Changer License: 35-Day Notice for Pending Transactions
Nepal Rastra Bank has officially revoked the operating license of Rashtriya Money Changer Pvt. Ltd. This decisive action follows the company's own request to voluntarily cease its business operations. The move underscores the central bank's continuous oversight in regulating the nation's financial service providers. For investors and individuals, this serves as a crucial reminder of the regulatory framework governing financial institutions. Those with outstanding transactions or claims against Rashtriya Money Changer are urged to report them to Nepal Rastra Bank within 35 days to ensure their financial interests are protected.
- Nepal Rastra Bank revokes Rashtriya Money Changer's license; individuals with pending transactions have 35 days to report.
Listen to Article
Natural AI Narration
Nepal Rastra Bank has officially revoked the operating license of Rashtriya Money Changer Pvt. Ltd. This decisive action follows the company's own request to voluntarily cease its business operations. The move underscores the central bank's continuous oversight in regulating the nation's financial service providers. For investors and individuals, this serves as a crucial reminder of the regulatory framework governing financial institutions. Those with outstanding transactions or claims against Rashtriya Money Changer are urged to report them to Nepal Rastra Bank within 35 days to ensure their financial interests are protected.
Source:bizmandu.com
Share this story