Financial institutions ready to assist families of Nepal flood victims
KUALA LUMPUR: Financial service providers stand ready to extend appropriate relief and support to the families of victims affected by the recent floods along the Nepal-China border, in line with applicable laws and regulatory requirements, said Bank Negara Malaysia (BNM).
Financial institutions in Malaysia are prepared to provide relief and support to families affected by recent floods along the border between Nepal and China, according to the central bank, Bank Negara Malaysia (BNM). The assistance may include deferments of repayments, waivers of fees and charges, and flexibility in documentation requirements while legal processes are finalized.
The banks may also prioritize processing and validating policy or certificate status, expedite payment of insurance and takaful claims, and offer other tailored forms of support to affected families. Next of kin of affected Malaysians are advised to contact relevant financial institutions for appropriate help. Bank Negara Malaysia will collaborate with these institutions to ensure prompt provision of support to those impacted by the tragedy.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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