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DBS, Citi restoring banking services following disruptions on Saturday; DBS ATMs all up

Singapore News - DBS Bank and Citibank are progressively restoring their banking services, after scores of their customers could not use their online and mobile services on Saturday afternoon. DBS customers were also reportedly unable to use their cards for physical. Read more at www.tnp.sg ....

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Labor Act applicable even to employees of banks and financial institutions: SC

KATHMANDU, Sept 3: The Supreme Court (SC) has ruled that no organization can terminate an employee without proper cause and doing so would be against the law. The joint bench comprising Justices Ananda Mohan Bhattarai and Hari Prasad Phuyal has clarified that the Labor Act applies to employees of banks and financial institutions as well. The bench also explained that the punishment should be based on the misconduct of the worker. According to the judgment of the bench, the case of employees working in banks and financial institutions can be heard by the labor court. ....

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Taking Proactive Measures to Boost Lending

The economic landscape of any nation is a complex web of interconnected factors, often susceptible to fluctuations that have far-reaching consequences. As the Fiscal Year 2022/23 came to a close, Nepal found itself grappling with a notable slowdown in private sector lending by Banks and Financial Institutions (BFIs). ....

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Private sector lending by BFIs slowed in FY 2022/23 amid economic recession and government restrictions

KATHMANDU, August 20: Lending by banks and financial institutions (BFIs) to the private sector slowed in the last fiscal year due to the economic slowdown that severely affected private sector businesses during the period. ....

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Despite changing credit card 3 times, doctor was charged 6 times without her knowledge

Singapore News - After discovering that AirAsia had charged her UOB credit card for two transactions totalling over $1,060 that she did not authorise, Dr Zena Lim replaced her card in April. But to the 47-year-old’s horror, someone else continued to use her credit card credentials to make. Read more at www.tnp.sg ....

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