September 8, 2022 | Investopaper
Nepal Rastra Bank has declared Super Laghubitta Bittiya Sanstha Limited as ‘problematic’ financial institution.
As per NRB, the officials of this microfinance have brought the company into trouble by acting against the instructions of the central bank and the interests of the customers.
The chairman and members of the board of directors were directly involved in the misappropriation of loans by setting up fake borrowers for personal gain against the interests of the company.
Currently, the primary capital fund of Super Laghubitta is negative by 10.31 percent.