Saturday, June 27, 2009

NDB small depositors ask their money back as soon as possible

Nepal Development Bank (NDB) Victims' Group has asked the Nepal Rastra Bank (NRB) to return deposits of small depositors and amount of the rights shares of some shareholders as soon as possible as the court procedure will take a long time.
"If the liquidation is the last resort, we urge NRB to immediately get permission from the court and return small depositors money and the amount of rights shares," said Kirti Madan Joshi, president of ad-hoc committee of NDB-Victims Group during a press meet here today.
They also urged to give a last chance to revive the ill-fated bank. "It should be given a last chance to revive," he said suggesting three options - indirect intervention, and strict supervision, taking control of its management or appointment of new management team to revive the first development bank of the country. "NRB could form a new board of directors including promoters like Nepal Army, Employees' Provident Fund and investors," he added.
The victims demanded to punish the existing management team, directors and senior officers of the bank for mismanaging the people's deposit. "A bank cannot misuse public deposit," the victims said warning that if their demands are not met they will go on strike."
The liquidation of NDB is not the solution," said Joshi adding that it would affect the entire financial sector.
The victims slammed NRB for delay in taking action against the troubled-NDB. "NRB officials and NDB both should take responsibility for the present state of NDB," the depositors accused.
The NRB has decided the NDB to sent to liquidation after its repeated attempt to revive it as a healthy financial institution failed due to non-cooperation of the bank's chairman Uttam Pun and his team.

3 comments:

Anonymous said...

hey there and thank you on your info � I�ve certainly picked up anything
new from right here. I did however experience several technical issues the use
of this web site, as I skilled to reload the web site lots of occasions previous to
I may just get it to load correctly. I were puzzling over in case your hosting is OK?
Not that I'm complaining, but slow loading cases instances will sometimes have an effect on your placement in google and injury your high-quality rating if ads and ***********

Here is my homepage adult sex

Anonymous said...

Thanks a lot for your post. I'd prefer to comment that the expense of car insurance varies widely from one scheme to another, mainly because there are so many different issues which bring about the overall cost. Such as, the brand name of the vehicle will have an enormous bearing on the purchase price. A reliable old family motor vehicle will have a less expensive premium than just a flashy sports vehicle.

Here is my web blog; facebook sex

Anonymous said...

I precisely wished to say thanks once again. I do not know the
things that I could possibly have implemented without the actual tips and hints shown by you concerning this question.

It truly was a very challenging case in my opinion, however
, encountering the skilled style you solved it made me to jump
with contentment. I'm happy for your support and thus hope you really know what a powerful job you're
carrying out teaching others through the use of your website.
I am certain you have never met all of us.

Also visit my homepage - skype sex