Stories Tagged 'Banks'
Commercial banks launched another interest rate war even as the Finance Ministry is studying the impact of rising interest rates on deposits.
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Raj Kumar Basnet, the owner of Nepal Wood Industries Private Limited, applied for a loan as he was in need of Rs500 million to meet the working capital need for his business.
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For consumers, Dashain is the best time to purchase an automobile, as many commercial banks offer attractive auto loan schemes for the occasion. During this time of the year, the sale of automobiles almost double, said domestic automobile dealers.
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Know Your Customer policy allows banks to check the bona fides of their clients
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Fourteen commercial banks of the country have joined hands with Sakchyam, an access to finance initiative of UKaid, to establish 57 new branches in rural municipalities of Karnali Province and Province Number 5 and 7.
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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