KATHMANDU, April 21 -- The central bank received large number of complaints against functioning of these banks in question

Nepal Rastra Bank (NRB) has kept 18 out of 20 commercial banks under its watchlist after these banks were suspected of failing to abide by the central bank's regulations.

According to an NRB official, the central bank has considered these banks under special surveillance after it received a number of complaints against these 'A' class financial institutions. The complaints that the central bank received were on personal basis and via Nepal Police, the Commission for the Investigation of Abuse of Authority and the Department of Money Laundering Investigation, among others.

The NRB in the past one year carried out a ...