12 commercial banks sustain Rs 724 million worth damages in recent Bhotekoshi flood

Summary

Twelve commercial banks suffered damages worth Rs 724 million in the August 26 Bhotekoshi-Trishuli floods in Rasuwa. Agricultural Development Bank reported the heaviest losses, while affected branches were also operating in Nuwakot and several municipalities in Rasuwa.

Key Points
  • Twelve banks sustained damages worth Rs 724 million during the August 26 Bhotekoshi-Trishuli floods in Rasuwa.
  • The National Planning Commission and the National Disaster Risk Reduction and Management Authority prepared the RDNA report that assessed the losses.
  • Agricultural Development Bank suffered the largest loss at Rs 650 million, while other banks reported smaller damages.
  • Affected branches were located in Bidur Municipality, Gosaikunda Rural Municipality, Kalika Rural Municipality and Uttargaya Rural Municipality.
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