KATHMANDU, Feb. 19 -- The Confederation of Banks and Financial Institutions Nepal (CBFIN) expressed its concern over the rumors recently being raised against the financial health of a number of banks and financial institutions by vested interest individuals and groups.

Issuing a press statement on Sunday, the CBFIN said the BFIs have abided by the policy and directives enforced by regulatory bodies, while they are under minute surveillance of the authorities concerned. A number of legal frameworks have been implemented for the strengthening and transparency of the BFIs.

The CBFIN has pointed out the Bank and Financial Institution Act 2017, regular supervision and inspection by Nepal Rastra Bank (NRB) in accordance to the international s...