Four Banking Associations Express Concern Over CEO Jyoti Prakash Pandey's Detention
Summary
Four banking umbrella organizations have expressed concern over the detention of CEO Jyoti Prakash Pandey by Nepal Police's Central Investigation Bureau, urging his release during the investigation.
Key Points
- Four banking umbrella organizations have protested the detention of CEO Jyoti Prakash Pandey by the police.
- The organizations include Nepal Bankers Association, Development Bankers Association Nepal, Nepal Finance Companies Association, and Nepal Microfinance Bankers Association.
- They emphasized that loan recovery is a primary responsibility of the CEO under Section 57 of the Banks and Financial Institutions Act, 2073.
- The associations urged relevant bodies to proceed with investigations without detaining Pandey, citing potential damage to the bank's reputation and financial stability.
