Banking Associations Urge Fair Investigation Into NIMB Bank CEO Detention
Summary
Four major banking associations in Nepal have urged a fair investigation into the detention of Nepal Investment Mega Bank CEO Jyoti Prakash Pandey by the Central Investigation Bureau, emphasizing legal procedures and the dignity of banking officials.
Key Points
- Four major banking and financial sector associations expressed concern over the detention of Nepal Investment Mega Bank CEO Jyoti Prakash Pandey.
- The associations stated that loan recovery and management fall under the legal framework of banks and financial institutions regulated by Nepal Rastra Bank.
- They warned that actions against top banking officials regarding loan recovery could harm public confidence and financial sector stability.
- The associations urged authorities to conduct the investigation fairly while allowing the CEO to remain out of custody, respecting the dignity of banking positions.
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