Dhanusha. Nepal Rastra Bank (NRB) Governor Dr Bishwanath Poudel has warned of immediate action if any bank is found cheating its customers. Speaking at a meeting with representatives of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and banks and financial institutions organised by Nepal Rastra Bank Janakpur office here today, he said his focus was on protecting the public’s wealth and taking bank money to more people.
He said that immediate action would be taken against the bank without any discount if it is found to be in trouble or cheating the customers on various pretexts. Governor Poudel issued the warning after the traders of Dhanusha complained that the banks had auctioned the mortgage by creating various complicated circumstances to the borrowers who had taken loans by mortgaging them in the past.
In the discussion, the entrepreneurs complained that the bank was not paying attention to the small traders and farmers who come to take loans. During the discussion, the representatives of the banks informed that the number of people who could not repay the loan in Madhes province was high.
Governor Poudel said that reducing the economic gap between rich and poor is his top priority. Monetary policy should be under finance policy. The economy should be run by increasing the supervisory capacity,” he said, adding that his emphasis is on less rules and more supervision. ”
Governor Poudel opined that the bank’s money should not be concentrated in the hands of limited rich people but should reach small businessmen and the general public in the form of loans.
Executive Director of the Department of Regulation of Banks and Financial Institutions Guru Prasad Poudel and Executive Director of the Supervision Department, Dirgha Bahadur Rawal, said that the suggestions presented would be included in the policy formulation on priority basis and this program would help.
The participants expressed their views on the problems being faced by the business, financial access and ease of credit. rss
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