Kathmandu – In recent times, banks and financial institutions have been facing increasing attacks. Global IME Bank has been at the center of controversy, with allegations surfacing against it. The issue arose when IME Group, led by Global IME Bank’s Chairman Chandra Dhakal, initiated a cable car project in Pathibhara. This led to disputes between IME Group and the local community, ultimately resulting in protests against the bank.

Locals have reportedly launched a campaign to shut down Global IME Bank’s branch offices. As videos related to the issue circulated on social media, depositors—many of whom lack deep knowledge of banking—became alarmed. This situation has not only affected Global IME Bank but has also caused unrest across the entire banking sector.

Nepal Rastra Bank’s Executive Director, Ramu Poudel, stated that it is inappropriate to spread rumors about Global IME Bank based on issues related to one of its executives. He emphasized that the central bank would provide official information in case of any problems with financial institutions and urged the public not to be misled by rumors. Below is an excerpt from an interview between Poudel and banking journalist Rozina Kapri.

Social Media Misinformation Must Stop

How aware is Nepal Rastra Bank of the misinformation being spread against banks and financial institutions on social media?

Banks and financial institutions play a crucial role in providing essential services such as savings, loans, and business financing, which contribute to economic growth. The majority of funds in banks belong to ordinary citizens rather than investors. Banking is a business, and spreading baseless rumors or making inappropriate statements against it is unacceptable.

Nepal Rastra Bank is closely monitoring the situation. I urge the public not to fall for false information. The central bank constantly evaluates the health of banks through daily, weekly, and monthly assessments. If there is any issue, only Nepal Rastra Bank has the authority to address it.

What Steps Will Nepal Rastra Bank Take Against Such Rumors?

We operate in an open market where information is analyzed and verified before dissemination. However, if unverified claims spread on social media, the central bank cannot respond to every single rumor. Instead, regulatory and law enforcement agencies, including the Nepal government, monitor such activities. While Nepal Rastra Bank regulates financial institutions, the government also has a responsibility to protect them and take action against wrongdoers. If any confirmed issue arises, Nepal Rastra Bank will officially notify the public. There is no need for depositors to panic based on unverified sources.

Why Are Banks Facing Such Severe Attacks Lately?

We have not conducted an investigation into this matter, nor do we find it necessary. However, such actions are illegal.

What Legal Actions Can Be Taken Against Those Engaged in Such Activities?

Nepal Rastra Bank primarily supervises and monitors financial institutions rather than enforcing laws. However, if banks and financial institutions fail to comply with regulations or misuse loans, they will be subject to legal action. Spreading misinformation through various platforms falls under the jurisdiction of law enforcement agencies such as Nepal Police. These agencies are actively monitoring the situation and will take action if necessary.

How Is Nepal Rastra Bank Coordinating With Law Enforcement Agencies?

Nepal Rastra Bank, Nepal Police, and other regulatory bodies are working together in a coordinated manner. If necessary, the central bank will take further steps in collaboration with concerned stakeholders, including financial institutions and media outlets. The central bank remains committed to maintaining a strong, transparent, and reliable financial system. Other relevant agencies, including Nepal Police, are also actively monitoring the situation and are prepared to initiate legal proceedings when required.

Impact of Recent Anti-Banking Campaigns

Initially, there were movements urging people not to repay their loans. This was followed by campaigns targeting bank employees. Such activities pose a serious risk to the banking sector. If people believe in these rumors, they will act upon misinformation rather than facts.

Banks and financial institutions publish their financial indicators regularly in compliance with our directives. Ignoring these verified indicators and relying on baseless rumors is not advisable.

Is a Lack of Strict Laws Causing This Issue?

Nepal Rastra Bank operates within its jurisdiction. Lawmaking falls under the responsibility of the government and the parliament. If stricter laws are required to curb such activities, the concerned authorities must take the necessary steps.

Final Thoughts on the Recent Attacks on Banks

Certain individuals and media outlets have been involved in spreading misleading information about banks, which is highly inappropriate. The government will take necessary steps against those responsible for such misinformation.

I urge everyone not to be influenced by such false narratives. When depositing money, taking loans, or conducting transactions, rely on official reports published by Nepal Rastra Bank and the respective banks. Misleading propaganda will have no impact on the banking sector. I strongly encourage the public to remain confident in the banking system and ignore baseless rumors.