BNM: Nepal-China flood victims to receive loan repayment deferments, fee waivers

KUALA LUMPUR, Oct 23 — Bank Negara Malaysia (BNM) has announced that repayment deferments and fee waivers will be extended to victims affected by the recent floods along the Nepal-China border. The central bank made the announcement following a meeting with the families of the affected individuals on October 12, 2026.

In a statement, BNM revealed that relevant banks and insurance and takaful operators (ITOs) have been working closely with the affected families to provide additional assistance. The specific nature of the aid will depend on each family's unique situation. This could include waivers of certain fees and charges, protection of customer assets and deposits, and assistance with insurance or takaful claims.

BNM advises the affected families to maintain direct communication with their respective banks and ITOs for further assistance and to address any questions or concerns they may have. The central bank reaffirmed its commitment to providing necessary relief and support to the victims' families, adhering to all applicable laws and regulatory requirements. BNM will continue to monitor the progress of these efforts.