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ICT Frame | Tech News, Reviews & Digital Updates from Nepal
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Started 1 day ago · Updated 1 day ago

Kumari Bank Issues Loan Repayment Notice; Other Banks Warn of Scams and Announce Share Conversions

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Kumari Bank Limited has issued a public notice demanding that multiple borrowers repay outstanding loan liabilities within 35 days, including principal, interest, and charges, to protect depositors and asset quality. Meanwhile, Kamana Sewa Bikas Bank Limited is warning customers about a phishing scam targeting connectIPS accounts, and Himalayan Bank Limited is allowing founder shareholders to convert 10 percent of their shares into public shares, adhering to Nepal Rastra Bank regulations.

  • Kumari Bank's notice follows repeated oral reminders, written warnings, and official communications to borrowers that went unheeded, compelling the bank to take public action before initiating punitive measures.
  • The phishing scam involves fraudulent mobile messages falsely claiming connectIPS accounts are disabled, aiming to trick users into clicking malicious links and revealing login credentials.
  • Nepal Clearing House Limited, which operates connectIPS, states it never requests secret keys or login details via text messages or unsolicited links.
  • Himalayan Bank's decision to convert founder shares into public shares was made during board meeting number 493 on Chaitra 15, 2082, in accordance with Nepal Rastra Bank's directive allowing up to 10 percent conversion while maintaining a minimum 51 percent promoter ownership.
  • The government appointed Tanka Prasad Pandey as a new member of the Board of Directors at Agricultural Development Bank Limited, bringing administrative and financial governance expertise.

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Agricultural Development Bank Ltd. Kumari Bank Limited Himalayan Bank Limited Nepal Rastra Bank ConnectIPS Kamana Sewa Bikas Bank Limited

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