NRB Expresses Serious Concern Over Recent Incidents Targeting Banks and Financial Institutions

Kathmandu — Nepal Rastra Bank (NRB) has stated that it has taken serious note of recent incidents targeting banks and financial institutions. The central bank warned that such activities could negatively impact the stability and public confidence in the country’s financial system, and urged all concerned parties to act responsibly.

According to NRB, coordinated efforts between the government, banks, and financial institutions have expanded access to financial services down to the local level. This expansion has made it easier for the general public to deposit savings, obtain loans, send and receive remittances, and receive social security allowances.

NRB clarified that, in accordance with the Banks and Financial Institutions Act, 2017 (2073 BS) and its regulatory directives, the responsibility of credit disbursement, monitoring, and loan recovery lies primarily with the respective banks and financial institutions. While borrowers are required to repay loans on time, the central bank has been facilitating relief through loan restructuring and rescheduling measures in cases of adverse circumstances.

The central bank also noted that customers have the right to file complaints with the concerned bank or directly with NRB if they face issues related to banking transactions. It cautioned the public against irresponsible or unruly behavior toward banks, financial institutions, and their employees, warning that legal action will be taken against those who violate prevailing laws and regulations.

NRB further appealed to employees working in the banking and financial sector to maintain high morale and carry out their duties responsibly, emphasizing that collective cooperation is essential to sustain trust in the financial system.