Banks are open, but insurance companies are not during Nepal lockdown

Kathmandu, March 24

Commercial and development banks of the country are open though the country has gone on lockdown in its bid to control the coronavirus infection in the country.

The regulatory agency, Nepal Rastra Bank, says the banks have been told to open a few particular branches and inform the public about the business. As the government has allowed the public to purchase essential goods such as foodstuffs and medicines, they require money, hence the banking service can also be deemed essential, according to Dev Kumar Dhakal, the chief of the NRB Bank and Financial Institution Regulation Department.

Meanwhile, insurance companies are not in operation though the insurance service is also listed as an essential service. The sector’s regulator, the Insurance Board, has told the companies not to charge interests if the clients fail to pay their premium during this period.

Published on March 24th, Tuesday, 2020 1:59 PM

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  • Rajesh Raut says: | March 29 2020 12:22pm

    When open Bank i need money


  • Bikas says: | March 25 2020 1:20am

    thank you for the info .


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