Jail sentence for those who spread chaos in the banking sector, the National Bank has given a final warning
Kathmandu. Nepal Rastra Bank has said that it has drawn serious attention to the unprofessional and disorderly activities targeting banks and financial institutions and their employees in recent days.
The Central Bank has issued a statement warning against any activity that would affect basic services such as social security allowance, remittances and savings when banking access has been reached at all local levels through the joint efforts of the government, National Bank and financial institutions.
It is also reminded in the statement that under the Banks and Financial Institutions Act, 2073, providing loans, monitoring projects and recovering loans are the main tasks of banks.
The National Bank has made it clear that since the banks invest the deposits collected from the general public as loans, if the borrower does not pay the loan on time, it will be difficult to return the depositor's money and it will have a serious impact on the overall liquidity.
It is said that if there is any difficulty in loan payment due to any adverse circumstances, the National Bank facilitates it from time to time through facilities such as restructuring and rescheduling, and if there is any complaint in the banking transaction, there is a provision that complaints can be made to the relevant organization or the National Bank's complaint hearing mechanism.
Express
Related News
The World Bank will give 50 million dollars for Nepal's digital transformation
Kathmandu. The World Bank is going to give 50 million dollars for Nepal's digital transformation. Recently, the Executive Board of Directors of the World Bank, sitting in Washington, has decided to give this support to Nepal under the 'Nepal Digit...
Asset confiscation, bank account freezing and foreign travel ban if the co-operative fund is not returned
Kathmandu. To make the cooperative sector more orderly, transparent and accountable, the government has brought forward a new process through the bill. The government passed the Cooperatives First Amendment Bill, 2083 in the House of Representativ...
Import of 6.5 billion liters of fuel from the petroleum pipeline, saving three billion in transportation annually
Kathmandu. Nepal-India International Petroleum Pipeline Project has completed six years of operation. Nepal Oil Corporation's Madhes regional office Amlekhganj said that since the pipeline from Motihari in India to Aml...
The price of gold fell by 1200!
Kathmandu. The price of gold in the local market has decreased by 1200 per tola. According to the Federation of Nepal Gold and Silver Traders, on Wednesday, the price of one tola of printed gold has been fixed at 366,700. On Tuesday, one tola of g...
The new exchange rate of the foreign currency, the selling rate of the US dollar crossed Rs.153
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for August 27. According to the Central Bank, the buying rate of one US dollar has remained at 152 rupees 59 paise and the selling rate of 153 rupees 19 pai...
The value of the dollar hit a new record, while other foreign currencies also rose
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currencies for Wednesday.
According to the new rate determined by the Central Bank, the buying rate of one US dollar has been fixed at 152 rupees 71...



