KATHMANDU: Nepal Rastra Bank (NRB) has revoked the licenses of three remittance companies. The Rastra Bank has stated that the licenses of Bhatbhateni Money Transfer, Modern Remittance and Namaste Remit International have been revoked.
The Rastra Bank has stated that the licenses were revoked due to non-renewal of the transaction license.
The Rastra Bank has also asked the companies to provide written information within 35 days if they are allowed to receive remittance amounts from the revoked institutions. They have been warned not to do further transactions with these companies.
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