May 2: The Confederation of Banks and Financial Institutions (CBFIN) has decided that it will take legal action against any individual, organization, or group involved in activities that harm the credit and reputation of banks and financial institutions.

The decision was made during a recent working committee meeting held on April 27th. 

CBFIN has expressed concern over illegal activities that have been carried out against banks and financial institutions by damaging their assets, credits, and reputation and terrifying employees over a period of time.

As a result, the confederation has decided to take strict legal measures against such actions and register case against them to the appropriate authorities.

The press release issued by CBFIN stated that legal action would be taken against individuals, groups, or organizations that damage the reputation, dignity, credibility, or property of the banks and financial institutions and obstruct banking business.

Furthermore, CBFIN has urged individuals and organizations to avoid engaging in activities prohibited by existing laws, such as creating confusion about banks and financial institutions, and discouraging payment of interest on loans taken from banks.

The press release emphasizes that all banks are united and committed to using the powers conferred by the law to protect the rights and interests of financial institutions' depositors, borrowers, and stakeholders as a whole.