Kathmandu — The Nepal Rastra Bank (NRB) has expressed serious concern about recent incidents targeting banks and financial institutions in Nepal. The central bank warned that such activities could affect the stability of the financial sector and reduce public confidence in NEPSE-listed banks. NRB urged all stakeholders to act responsibly and follow banking regulations.
According to NRB, cooperation between the government, banks, and financial institutions has improved access to financial services even at the local level. The general public can now easily deposit savings, apply for loans, send and receive remittances, and access social security allowances through banking services in Nepal.
The central bank clarified that under the Banks and Financial Institutions Act, 2017 (2073 BS), the responsibility for loan disbursement, monitoring, and loan recovery lies with the respective banks and financial institutions. Borrowers must repay loans on time, while NRB provides relief through loan restructuring and rescheduling during difficult times.
NRB also reminded customers that they can file banking complaints with the concerned bank or directly with NRB if they face problems with bank transactions. The central bank cautioned the public against irresponsible or unruly behavior towards banks, financial institutions, and employees, warning that legal action will be taken against violators of banking regulations.
Finally, NRB appealed to bank employees and all staff in the financial sector to maintain high morale and perform their duties responsibly. NRB emphasized that cooperation between banks, financial institutions, and the public is essential to maintain trust in the banking system and ensure NEPSE market stability.
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