March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.

The representatives of Nepal Bankers Association met Pun on Thursday and demanded immediate action against those who spread misinformation that they do need to pay the bank loans. Sunil KC, president of the association, also drew the attention of the government to be serious about the security of the banking sector.

They urged Minister Pun to be serious about the increase in cases of abusive behavior and physical attacks on bank employees who go to recover loans. In response, Minister Pun made it clear that the government will not entertain the campaign for defaulting bank loans.

Minister Pun also informed that Prime Minister Pushpa Kamal Dahal, in the cabinet meeting held on Thursday morning, directed the related ministries and agencies to take action against those who are inciting to default on bank loans. Minister Pun said, "The trend of not paying the loans taken from banks and financial institutions cannot be allowed to continue for a long time. No one should encourage such trend."

Finance Minister Pun said that the government will not allow the morale of investors to fall as it will lead to the downfall of the overall economy and the country. He said that the government is clear that foreign investment can be attracted only if investment environment and investment security can be guaranteed in the country.

 "The government will put an end to the atmosphere of panic and fear in the private sector," said Pun.

Minister Pun urged the regulatory bodies not to cause unnecessary hassles to the businessmen of the private sector.

On a different note, Finance Minister Pun said that the pre-scheduled investment summit will not be affected due to the change in the ruling coalition.