Monday, June 8, 2009

Depositors Beware

After the Nepal Development Bank fiasco, Nepal Rastra Bank has said that the depositors — both individual and institutional — must think twice before putting their hard-earned money in any financial institution.

“Depositors must check the credibility and the background of the financial institution’s board of directors, its chief executive officer and chairman, apart from the interest rates offered,” the central bank suggested.

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