Stories By 'RUPAK D SHARMA'
Haphazard credit disbursement that created irreparable holes in the balance sheet of erstwhile Apex Development Bank has exposed long-suspected counterintuitive practice of ‘evergreening’ of bad loans in the banking sector, which could contaminate and even bring down the entire financial sector.
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Tags: loansbanks
After Nepal officially made a shift from unitary to federal government system, politicians and bureaucrats rushed to proclaim that authorities, including decision-making powers, would finally be devolved from Singha Durbar, the central administrative secretariat, to provinces and local bodies.
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Prime Minister KP Sharma Oli seems to be making all the right moves in selection of human resources for the new government.
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Binod Chaudhary probably does not need any introduction in Nepal. Better known as the first and the only Nepali to be featured in the Forbes billionaire list, Chaudhary’s bittersweet journey and success story, chronicled in his memoir, has inspired many in Nepal and beyond.
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Nepalis’ quest for a stable government, which remained a wishful thinking for quite a long time, has finally come to an end with KP Sharma Oli assuming the prime minister’s seat on Thursday.
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The Nepal Rastra Bank, the central bank, has tacitly said it would not come to the aid of banks and financial institutions that are facing shortage of funds that could be disbursed as loans.
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