Nepal, Oct. 15 -- Banks and financial institutions are now permitted to allocate their Corporate Social Responsibility (CSR) budgets to support those affected by the Gen Z demonstrations that took place on September 8-9.

The Nepal Rastra Bank (NRB) has made this possible by introducing the second amendment to the CSR Guidelines for Banks and Financial Institutions - 2081 BS. With this amendment, CSR funds can now be used to assist the injured and the families of those who lost their lives during the demonstrations.

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Under the CSR policy, banks and financial institutions are required to allocate one percent of their net profit for social welfare initiatives....