NIC Asia Bank Addresses Recent Controversies with Strong Denials and Commitment to Responsibility

NIC Asia Bank Limited (NICA) has come under scrutiny due to recent news reports highlighting its banking practices and commitment to responsible banking. The media has circulated information about alleged financial concerns, central bank investigations, and the resignation of Deputy Chief Executive Officer Sudhir Nath Pandey.

The bank strongly denies the misleading reports, clarifying that it is currently undergoing regular annual supervision by the Nepal Rastra Bank, and media claims of an investigation are false.

Addressing Sudhir Nath Pandey's resignation, the bank, including top executives, reaffirms its dedication to integrity, honesty, and responsibility. Expressing regret for fabricated and humorous comments in news reports, the bank urges the public not to be misled.

It extends gratitude to stakeholders, including investors, borrowers, shareholders, employees, and the general public, while emphasizing its commitment to providing reliable, dynamic, and trustworthy banking services. NIC Asia Bank aims to maintain its reputation as an accessible, agile, and responsible financial institution, expressing perpetual gratitude for the trust of its over 41 lakh customers.