Nepal Rastra Bank Directs Banks and Financial Institutions to Implement Action Plans to Reduce Dormant Accounts by Mid-January

Banking News– The Nepal Rastra Bank (NRB) has stepped up efforts to reduce the number of dormant bank accounts across banks and financial institutions amid a growing trend of fraud involving inactive accounts. In a recently issued circular, the central bank instructed banks and financial institutions to play a more proactive role in minimizing dormant…