PriceWaterHouseCooper is to begin a study of the failing financial health of two more public financial institutions starting the new fiscal year, beginning mid-July. The two problem institutions are the Agricultural Development Bank (ADB/N) Nepal and the Nepal Industrial Development Corporation (NIDC). The study is to be supported by an Asian Development Bank grant. The study shall take about 10 months and will formalise what many already know-the poor state of the two banking institutions due to years of meddling by bureaucrats and politicians. Any reforms needed would be supported by the ADB. Meanwhile, Deloitte Touche Tomahatsu, which was to have taken over management of the Rastriya Banijya Bank under the financial reforms project, has indicated that it is backing out. The central bank says that it does not have a formal word yet, but is exploring possible legal action for breach of contract.