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$groupId = $user['Group']['id'];
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
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'content' => '<div style="text-align: justify;">
The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated. Â
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali. Â
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque. Â
Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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ram shrestha
actually what is the time period for cheque to be bounced?? after how many days cheque is called as bounced??
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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'content' => '<div style="text-align: justify;">
The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
<p style="text-align: justify;">
Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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simplexml_load_file - [internal], line ??
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
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The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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'Article' => array(
'id' => '282',
'article_category_id' => '34',
'title' => 'Banking Offences Continue Unabated',
'sub_title' => '',
'summary' => null,
'content' => '<div style="text-align: justify;">
The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
<p style="text-align: justify;">
Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
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[maximum depth reached]
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'id' => '282',
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'title' => 'Banking Offences Continue Unabated',
'sub_title' => '',
'summary' => null,
'content' => '<div style="text-align: justify;">
The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation. The authorities concerned accept that banking offences have not declined despite the provisions in the law aimed to control them. Due to the failure in the implementation of this law, cases like cheque bouncing, fraud and overvaluation of collaterals have continued unabated.<br />
 </div>
<div style="text-align: justify;">
Bhaskar Mani Gyanwali, the Spokesperson at Nepal Rastra Bank (NRB) accepted that the banking offences have not been controlled and argued that this is because very few people know about the legal provisions. Giving example of the cheque bounce, Gnyawali said though the law has provisions for penalty, imprisonment and black listing of the account holder who issues such cheques and almost all banks have been experiencing cases of cheque bounce, nobody has filed a legal complaint, said Gyanwali.<br />
 </div>
<div style="text-align: justify;">
In case of bounced cheque, Banking Offence and Punishment Act 2008 has a provision of penalty up to the amount of the cheque, confiscation of the money in the account of the issuer of such cheque and imprisonment of one to five years depending on the amount of the cheque.<br />
 </div>
<p style="text-align: justify;">
Other prevailing major banking offences in Nepal are opening new accounts without accountholder’s details, over valuation of collateral when granting loan and misuse of loans. </p>',
'published' => true,
'created' => '2011-04-28',
'modified' => '0000-00-00',
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'description' => 'The law aimed to control malpractices in the banking sector has not proved effective even after one- and-a-half years of its promulgation.',
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'id' => '1562',
'article_id' => '282',
'name' => 'ram shrestha',
'email' => 'rock507309@gmail.com',
'comment' => 'actually what is the time period for cheque to be bounced?? after how many days cheque is called as bounced??',
'created' => '2015-01-22 00:00:00',
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
