General

Govt to take all bank deposits meant for disaster relief

- Ekantipur Report, KATHMANDU

May 1, 2015-The Nepal Rastra Bank (NRB) issued a circular to A, B and C class banks in the country on Thursday afternoon stating that all the amount deposited in them for the purpose of relief for Saturday’s Great Quake will be automatically transferred to the Prime Minister’s Relief Fund.

“Due to the disaster caused by the Great Quake, all the accounts opened in banks and financial institutions by different organisations for collecting donations will be earmarked and the amount in them will be transferred to the Prime Minister’s Relief Fund,” read the circular.

The NRB has cited the powers conferred to it by section 79 of the Nepal Rastra Bank Act, 2002 for issuing the circular.

The central bank has also asked the financial institutions to send daily reports of total deposits in those accounts.

Onlinekhabar reported that Finance Minister Ram Saran Mahat brought the proposal at Thursday’s cabinet meeting.

Published: 01-05-2015 12:52

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