सिंहदरबार संवाददाता
Parsa. Speakers at a program have said that banks and financial institutions should auction the collateral of borrowers in a legal and credible manner. Speakers at an interaction program with regional heads and representatives of banks and financial institutions organized here today in coordination with the District Administration Office, Parsa, said that banks and financial institutions should not only auction the collateral of borrowers in a showy manner but also in a credible manner.
Parsa Chief District Officer Ganesh Aryal said that banks and financial institutions should maintain transparency and credibility while auctioning the collateral of borrowers. ‘When accepting collateral, it is necessary to improve the process of evaluating 28-30 lakhs when auctioning the property valued at 50 lakhs,’ he said, ‘It seems that engineers are used while accepting collateral, but why was that process not adopted during the auction? This issue also needs to be improved.’
CEO Aryal directed banks and financial institutions to improve the trend of first arranging the process by bringing three or four people to the auction of mortgages. ‘Banks and financial institutions seem to have completed only the legal process,’ he said, ‘Borrowers with good intentions and bad intentions should not be viewed in the same light. It is also necessary to pay attention to practicality and transparency.’
Sushil Poudel, Director of Nepal Rastra Bank Birgunj, emphasized that banks and financial institutions should not only focus on loan flow but also continuously monitor the borrowers even after giving loans. ‘Focus should not be only on providing a lot of loans,’ he said, ‘for which purpose the loan was taken. It is also important to be aware of whether it was used for the same purpose or not.’
Rohini Acharya, coordinator of the Birgunj Bank and Financial Institutions Group, said that it has been operating according to the policies and guidelines of the Rastra Bank. ‘We should not call others bad by pointing out the mistakes and weaknesses made by some institutions,’ he said, ‘Recently, there has been a problem in collecting loans from banks and financial institutions. On the other hand, I would also like to alert the employees of the institutions that there have been physical attacks.’
Naresh Kumar Sarraf, Assistant Director of Nepal Rastra Bank Birgunj, informed that challenges in debt collection have been increasing recently. ‘Banks and financial institutions should adopt transparency while auctioning the collateral of the borrower’s assets,’ he said.
Parsa Police Chief Gautam Mishra said that the police have been receiving an increase in complaints related to economic crime activities recently. ‘It seems that banks and financial institutions need to facilitate the investigation of economic crime activities,’ he said. Ganapati Radheshyam Dhimal of Armed Police Force Nepal 13 Headquarters requested banks and financial institutions to install CCTV cameras around their offices and use technology in their work.
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