In response to recent rumors claiming that People's Bank has written off bad loans amounting to Rs. 54 billion, the bank has issued a strong denial. The management of People's Bank categorically refutes these allegations as false and baseless.

According to a statement from the bank, none of the loans mentioned in the circulating rumors have been written off. The recurrence of such misinformation during politically sensitive periods is seen as a deliberate attempt to undermine the institution's credibility, the bank suggests.

People's Bank emphasizes its commitment to transparency and integrity, asserting that such rumors are part of a broader campaign to discredit its role in the nation’s economic progress. The bank stresses that, like all licensed commercial banks in the country, it adheres to a strict regulatory framework supervised by multiple regulatory bodies.

The bank urges the public to disregard these unfounded rumors and to rely solely on information disseminated through its official channels for accurate updates and factual information.