Prabhu Bank Denies Misleading Claims on Staff Transfers & Management
4th August 2026, Kathmandu
Prabhu Bank Limited refutes misleading and unverified news reports regarding employee transfers, management decisions, and court-pending loan files. Read the official statement.
Prabhu Bank Denies Misleading Claims
Prabhu Bank Limited has formally expressed serious concern over recent news reports containing unverified, one-sided, and exaggerated claims regarding its Board of Directors, executive management, and internal operational decisions.
In an official press release, the bank strongly rejected the allegations, stating that the misleading coverage aims to damage the bank’s institutional reputation, harm the personal dignity of its leadership, and weaken public trust in the financial system.
Administrative Actions Are Routine Banking Operations
Prabhu Bank clarified that key activities highlighted in recent news—such as employee transfers, duty realignments, internal management adjustments, loan recovery procedures, and publishing collateral auction notices are standard, lawful, and routine banking functions.
Misrepresenting everyday administrative duties as controversies without factual verification strays from objective journalism and violates professional journalistic ethics: Prabhu Bank Limited
Strict Compliance with Nepal Rastra Bank Guidelines
Addressing questions related to past loan files currently under legal review or investigation by authorized agencies, the bank reaffirmed its commitment to the law:
Risk Management: The bank is actively implementing risk management protocols and corrective measures in accordance with existing laws and regulatory frameworks.
Regulatory Alignment: All decisions made by the Board of Directors and executive management strictly adhere to directives issued by Nepal Rastra Bank (NRB) and other governing bodies.
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Appeal to Media for Responsible Journalism
Emphasizing the delicate nature of the financial ecosystem, Prabhu Bank urged journalists and media houses to perform basic fact-checking before publishing content.
Unverified news driven by speculation or unconfirmed sources can create unnecessary panic and negatively impact the wider financial sector. While reiterating its deep respect for constitutional press freedom, Prabhu Bank called on the media to uphold:
Fact-Based Verification: Confirming information with official bank representatives before publication.
Balanced Coverage: Offering fair and unbiased perspectives.
Financial Sensitivity: Recognizing the broader economic impact of speculative reporting.
Assurance to Depositors and Stakeholders
Prabhu Bank has requested all depositors, borrowers, shareholders, and valued clients to rely exclusively on official notices and verified channels for accurate information.
The bank remains fully committed to transparent operations, sound corporate governance, and maintaining customer confidence.
For more: Prabhu Bank Denies Misleading Claims
