NRB Urges Public to Disregard Misinformation Targeting Banking Sector

The Nepal Rastra Bank (NRB) has issued a stern warning against the dissemination of misinformation aimed at undermining public confidence in the banking sector.

In a notice released on Tuesday, the central bank cautioned all stakeholders, including investors, depositors, clients, and the general public, to remain vigilant against misleading information that could create unwarranted panic within the banking community.

Expressing deep concern, the NRB highlighted the alarming trend of misinformation being propagated by certain individuals and groups, tarnishing the reputation and stability of banks and financial institutions (BFIs) operating under its direct oversight.

Emphasizing the critical role of the banking sector in bolstering the nation’s economy, the NRB reaffirmed its commitment to rigorous monitoring and supervision of BFIs to ensure their stability and uphold public trust.

The notice serves as a clarion call for unity and resilience in the face of concerted efforts to sow doubt and confusion within the banking community. The NRB’s unequivocal stance underscores its unwavering dedication to maintaining the integrity and credibility of Nepal’s financial system.

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