{"id":299257,"date":"2026-05-14T13:26:13","date_gmt":"2026-05-14T07:41:13","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=299257"},"modified":"2026-05-14T13:30:05","modified_gmt":"2026-05-14T07:45:05","slug":"umbrella-organizations-of-banks-and-financial-institutions-draw-attention-to-the-arrest-of-ceo-pandey-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/umbrella-organizations-of-banks-and-financial-institutions-draw-attention-to-the-arrest-of-ceo-pandey-2\/","title":{"rendered":"Umbrella organizations of banks and financial institutions draw attention to the arrest of CEO Pandey\u00a0"},"content":{"rendered":"<p><div>. The umbrella organizations of banks and financial institutions have expressed their concern over the detention of Chief Executive Officer (CEO) of Nepal Investment Mega Bank, Jyoti Prakash Pandey. Nepal Bankers&#8217; Association, Development Bankers Association Nepal, Nepal Financial Institutions Association and Nepal Microfinance Bankers&#8217; Association issued a joint statement today. <\/div>\n<\/p>\n<p><div><\/div>\n<\/p>\n<p>&#8220;It is well known that the banks and microfinance institutions have been providing loans in accordance with the Bank and Financial Institutions Act, 2073 BS and the policies and directives issued by the Nepal Rastra Bank to support economic growth, employment generation and entrepreneurship development of the country,&#8221; the statement reads.TAG_OPEN_div_20 <\/p><\/div>\n<\/p>\n<p><div><\/div>\n<\/p>\n<p>Section (TAG_OPEN_div_18 57) of the Banks and Financial Institutions Act (57) gives special powers to banks and financial institutions to recover loans in case of non-recovery of loans. This is the primary process of the bank and is the main responsibility of the Chief Executive Officer. <\/p><\/div>\n<\/p>\n<p><div><\/div>\n<\/p>\n<p><div> Due to the recovery of loans from institutions like banks that run on public trust by collecting deposits of the general public, the action of the Chief Executive Officer can degrade the bank&#8217;s credit and damage the stability of the bank. <\/div>\n<\/p>\n<p><div><\/div>\n<\/p>\n<p><div> Keeping in mind the credibility of the bank and also the dignity of the post of Chief Executive Officer, if necessary investigation is required on the principle of &#8220;gold and detention&#8221;, we appeal to the concerned authorities to keep Jyoti Prakash Pandey out of jail as soon as possible \u0964 &#8216;<\/div>\n<\/p>\n<p><div><\/div>\n<\/p>\n<p><div><\/div>\n<\/p>\n<p><div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>. The umbrella organizations of banks and financial institutions have expressed their concern over the detention of Chief Executive Officer (CEO) of Nepal Investment Mega Bank, Jyoti Prakash Pandey. Nepal Bankers&#8217; Association, Development Bankers Association Nepal, Nepal Financial Institutions Association and Nepal Microfinance Bankers&#8217; Association issued a joint statement today. &#8220;It is well known that [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":299255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45159],"tags":[],"class_list":["post-299257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/299257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=299257"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/299257\/revisions"}],"predecessor-version":[{"id":299258,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/299257\/revisions\/299258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/299255"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=299257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=299257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=299257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}