Stories Tagged 'Banks'
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
On Tuesday, NIC Asia Bank introduced a scheme for savings accountholders, which entitled depositors to accident insurance coverage of Rs500,000, free mobile phone top-up cards of Rs100 and feeless withdrawal of money from automated teller machines of any financial institution.
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Police are in the hunt for persons who stole Rs 447,266 from the bill counter of Sunrise Bank at Dharan-based BP Koirala Institute of Health Science on Monday.
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A war has broken out among commercial banks to jack up the interest rate on savings deposit, raising the spectre of migration of considerable amount of funds from bigger financial institutions to smaller ones.
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