BNM urges financial institutions to assist families affected by Nepal-China flood disaster
FINANCIAL service providers are ready to assist and support families of victims affected by the recent flood disaster along the Nepal-China border, in accordance with relevant laws and regulations. Bank Negara Malaysia (BNM) announced that relief or ...
Banks and insurers in Malaysia are prepared to extend relief measures to families of individuals impacted by the recent floods along the Nepal-China border, according to Bank Negara Malaysia (BNM). The central bank highlighted that these institutions are equipped to provide compassionate assistance in line with applicable laws and regulations.
Among the support options include deferring repayments, waiving fees and charges, and easing documentation requirements while legal matters are resolved. Additionally, financial institutions may expedite the processing of insurance and takaful claims, prioritize policy status verification, and offer other forms of aid tailored to the specific needs of affected families.
BNM urged next-of-kin of impacted Malaysians to reach out to their respective financial institutions to access the necessary aid.
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