CBFIN raises concern over banks’ collateral rights, Urges against ‘criminalizing commercial disputes’

KATHMANDU: The Confederation of Banks and Financial Institutions Nepal (CBFIN) has expressed serious concern over the investigation and filing of cases against some senior officials of Nepal Investment Mega Bank (NIMB) in connection with the sale of assets through collateral auction. The banking sector’s umbrella organization has questioned whether collateral and security rights lawfully created…