Bhotekoshi flood sweeps away 14 branches of 11 commercial banks, causing damage worth Rs 73 billion
The flood in the Bhotekoshi River in Rasuwa on Bhadra 10 caused damage worth Rs 73 billion by sweeping away 14 branches of 11 commercial banks. According to the Finance Committee report, some branches suffered partial damage while most were completely destroyed.
Kathmandu — The flood in the Bhotekoshi River in Rasuwa on Bhadra 10 has caused massive damage to 11 commercial banks. According to a government report, the flood resulted in damage worth Rs 73 billion to these banks.
This fact is mentioned in the 'Report of the Subcommittee on the Impact of the Flood on the Economy and Climate Finance, 2083' made public by the Finance Committee.
According to the report, the flood swept away 14 branches of 11 banks.
- Some branches suffered partial damage.
- Most branches, however, were completely destroyed.
This incident has highlighted the risks to banking infrastructure and the vulnerability of the financial sector to climate-induced disasters.