Nepal Rastra Bank Releases ‘Work From Home’ Circular!

Central Bank Of Nepal
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10th August 2020, Kathmandu

COVID19 cases are rapidly increasing in the whole country today. Consequently, NRB releases a ‘Work From Home’ circular to all the banking and financial institutions of the country on Sunday.

As per the circular, Nepal Rastra Bank has instructed the banking and financial institutions to implement Business Community Plan. This means that the banks and financial institutes should now continue the rotation system for the attendance of the employees.

The umbrella organization has also instructed the banking and financial institutions to comply with the health directives issued by the Government of Nepal.

NRB has also instructed the banks in the affected regions to resume the operations complying with the decisions of the state and local level administration. Similarly, the banking sectors should also promote electronic transaction systems more.

To the banks where services are halted, the bank has instructed to present the daily reports to this link.

Is this the first ‘Work From Home’ circular? No. This is not the first time such a circular has been issued. Previously, during the initial days of the lockdown, NRB had instructed the banks in a similar manner.

Have your say on this. What do you think the financial and banking sector should do in order to cope with the dire COVID situation around? Write down in the comment section.

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Nepal Telecom is Shutting Down CDMA In This Fiscal Year

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