KATHMANDU, July 26: The Nepal Rastra Bank (NRB) has introduced a new policy to safeguard depositors, announcing that it will return up to Rs 500,000 to individuals using the assets of cooperatives’ operators and their family members as collateral.
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Governor Maha Prasad Adhikari made the announcement during the unveiling of the monetary policy for the fiscal year 2024/25 on Friday. The initiative follows a prior commitment made by former finance minister Barsa Man Pun during the budget presentation, promising to return the depositors' funds up to the same amount.
