Bhotekoshi floods affect 17 branches of various banks
Summary
Recent flooding in Bhotekoshi, Rasuwa, has affected 17 bank branches of 12 banks, with total damages estimated at Rs 720.4 million. Agricultural Development Bank alone reported losses of Rs 650 million, while several other commercial banks also suffered significant damage.
Key Points
- Flooding in Bhotekoshi, Rasuwa, on August 26 affected 17 branches of 12 banks.
- Total damages from the floods are estimated at Rs 720.4 million by the National Planning Commission and the National Disaster Risk Reduction and Management Authority.
- Agricultural Development Bank reported the largest loss at Rs 650 million from a single branch.
- Citizen Bank, Global IME Bank, Lakshmi Sunrise Bank, and several other banks also reported losses.
