Nepal Rastra Bank , Central Bank of Nepal has issued a new regulation barring regional level development Banks to accept the collateral outside their permitted area. Development Banks are even directed to reimburse their loan that has been disbursed against the collateral of outside the given area before the end of Paush 2066. It has created a lot of problems to the regional level development Banks.
I think it is the right of the citizens to choose the bank they want to work with. Working with a bank depends on so many things like the facility, interest rate, other charges, personal relation, behavior and the quality of service. If bank cannot provide the banking facility to the people what is the meaning of being a bank. Is it possible and the ethics of the bank to tell the borrowers to pay back all the credits, they have been provided for certain period of time, in a period of 1 year? Yes, i do agree that a regional bank should not go beyond its permitted area but at the same time it should have the right to work and exercise all the functions according to the law of the land from its office established in permitted area. Denial of service to the client is not the motto of a bank irrespective of collateral, race, clan, cast, religion, geographic area etc of the client. We opined that as per the principle of the law of nature a bank must provide its service to those who are eligible to receive it from its office .
Limitation of business area may lead a regional bank to failure . I think this is not the aim of those central bankers who insisted to impose such regulation which seems to be unlawful and discriminatory.We hope that the central bank new governor would understand the seriousness that has been created by the new regulation to the regional level development banks and would uplift the banned and would let the development banks to accept the collateral of any region and any place inside the country and let a citizen to work with the bank situated any where in the country as per the constitution of the land.
I think it is the right of the citizens to choose the bank they want to work with. Working with a bank depends on so many things like the facility, interest rate, other charges, personal relation, behavior and the quality of service. If bank cannot provide the banking facility to the people what is the meaning of being a bank. Is it possible and the ethics of the bank to tell the borrowers to pay back all the credits, they have been provided for certain period of time, in a period of 1 year? Yes, i do agree that a regional bank should not go beyond its permitted area but at the same time it should have the right to work and exercise all the functions according to the law of the land from its office established in permitted area. Denial of service to the client is not the motto of a bank irrespective of collateral, race, clan, cast, religion, geographic area etc of the client. We opined that as per the principle of the law of nature a bank must provide its service to those who are eligible to receive it from its office .
Limitation of business area may lead a regional bank to failure . I think this is not the aim of those central bankers who insisted to impose such regulation which seems to be unlawful and discriminatory.We hope that the central bank new governor would understand the seriousness that has been created by the new regulation to the regional level development banks and would uplift the banned and would let the development banks to accept the collateral of any region and any place inside the country and let a citizen to work with the bank situated any where in the country as per the constitution of the land.
