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2 clusters · 3 sources · 23 days · First seen · Last updated

Nepal Rastra Bank disaster relief measures

Overview

Nepal Rastra Bank has implemented regulatory adjustments to support financial continuity in regions impacted by severe flooding and landslides, specifically in districts such as Rasuwa, Nuwakot, and Dhading.

Under amended Unified Directives, licensed microfinance institutions are permitted to relocate or merge branches in disaster-affected areas without prior approval, provided they notify the central bank within seven days. Furthermore, banks and financial institutions have been directed to facilitate transactions for customers who lost essential documents, such as mobile phones, cards, or checks, by allowing verification through signature samples and photographs.

Entities

Nepal Rastra Bank · Dhading · eSewa · Khalti · Rasuwa

Timeline

  1. 11 days ago

    [BUSINESS] 3 sources
    Nepal Rastra Bank eases regulations for flood-affected regions

    Nepal Rastra Bank has eased regulations to support flood victims, allowing microfinance branch relocations without prior approval and permitting banks to verify customers via signatures and photos.

  2. about 1 month ago

    [BUSINESS] 5 sources
    Nepal Rastra Bank warns of security risks in digital payments

    Nepal Rastra Bank warns of rising security risks in digital payments due to weak KYC compliance and governance lapses among service providers, despite a surge in cross-border QR transactions with India.

Sources

ictframe.com · myrepublica.nagariknetwork.com · vet.restoration.com