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Kathmandu, Nov 12: The depositors have sought Rs 7 billion of their deposits from Civil Cooperatives Financial Institution, which was declared problematic cooperatives by the Bagmati Province Government. The 35-day-long timeline given to the depositors by the Problematic Cooperatives Management Committee Office of the Bagmati Province Government to submit applications
The Office of the Problematic Cooperative Management Committee has shared that the full deposits of over 6,000 members from the
Prime Minister KP Sharma Oli has said that financial cooperatives will not fail if they are run according to the
The Nepal Rastra Bank (NRB) has presented five-point suggestions to address the problems of problematic financial cooperatives.
The Department of Cooperatives has stated that one person cannot be the director of two or more cooperative institutions at
Ministry of Land Management, Cooperative and Poverty Alleviation has accelerated the campaign to return the savings of depositors in the
Former Finance Minister Dr Yubraj Khatiwada has pointed out the need for second-tier regulation of cooperatives.
The government will also assist in the process of addressing the concerns of the depositors of the financial cooperatives.
The protesting cooperative savers and the government have agreed to sign eight points agreement. After the agreement, the savers have
Prime Minister Pushpa Kamal Dahal 'Prachanda' has expressed the commitment to probe and bring the micro-finance financial institutions that are
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