Dr. Bishwanath Paudel, Governor of Nepal Rastra Bank, has issued a stern warning that any bank found cheating customers will face immediate punishment without exception. Speaking at a discussion in Janakpur with representatives from the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and banking and financial institutions, Governor Paudel emphasized the importance of safeguarding public assets and extending banking services to small businesses and ordinary people.
The warning came after merchants from Dhanusha complained that banks often use various excuses to auction collateral during the loan process. Business participants at the event also raised concerns that banks tend to neglect small traders and farmers and that access to loans remains difficult for them.
Governor Paudel stated that reducing the economic gap between the rich and poor is his top priority. He emphasized that monetary policy must operate under the broader financial policy framework, and the government will adopt a “fewer regulations, more supervision” approach. He gave special attention to ensuring that banking funds are not confined only to wealthy groups but also reach small entrepreneurs.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
