Banking Offense and Punishment Act 2064 Nepal Explained
The Banking Offense and Punishment Act 2064 (2008) is a key legislation in Nepal designed to combat financial crimes in the banking sector. It regulates offenses like cheque fraud, misuse of banking resources, unauthorized transactions, and electronic payment fraud. The Act establishes penalties including fines and imprisonment, ensuring accountability and integrity within financial institutions. It empowers Nepal Rastra Bank and courts to swiftly prosecute offenders and protect depositors. This Act plays a vital role in maintaining financial discipline, protecting public trust, and strengthening the credibility of Nepal’s growing banking industry.