Banks and insurers ready to offer relief to families affected by Nepal-China floods, says BNM
KUALA LUMPUR, Oct 3 — Financial service providers stand ready to extend appropriate relief and support to the fami...
KUALA LUMPUR, Oct 3 — Financial institutions in Malaysia are prepared to provide relief and support to the families affected by the recent floods along the Nepal-China border, according to Bank Negara Malaysia (BNM), the country's central bank. BNM stated that this assistance could take the form of deferred repayments, waivers of fees and charges, and flexible documentation requirements until all legal processes are finalized.
The central bank also mentioned that financial institutions might prioritize the processing of insurance and takaful claims, as well as provide other forms of support suited to the specific needs of the affected families. BNM advised the next of kin of the affected Malaysians to contact relevant financial institutions for the necessary aid.
The central bank further revealed its commitment to collaborate with financial institutions to ensure the prompt delivery of support to those impacted by this unfortunate tragedy.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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