The Nepal Weekly | June 22, 2021
Services of Bank and Financial Institutions (BFIs) have resumed from 21 June in full swing. The BFIs have been operating partially due to the prohibitory order enforced to curb spread of COVID-19 for the last six weeks.
The executive committee meeting of Nepal Bankers Association on June 17 decided to resume all kinds of banking transactions starting from Monday.
According to the executive director of the Nepal Bankers Association, Anil Sharma, the committee decided to resume all banking operations after receiving the directives from the local administration.
Following the prohibitory order, only the deposit and withdraw services have been opening in the banks.
Similarly, the branches were kept open alternative and until 2 pm. There is expectation of rise in the credit after the opening of land revenue office. The association informed that the deposit of less than Rs. 50 thousand will be accepted. The association in coordination with local administration had started to open the branches as needed from 15th June. The Nepal Rastra Bank has been emphasizing on virtual services and encouraging the electronic banking services. The NRB has circulated the directive to the banks to provide information in the website, main gate and social media about which of their branches are open and closed.