Stories Tagged 'Loans'
The government’s budgetary allocation to disburse loans for start-ups taking academic certificates of Nepali youth as collateral has drawn cynicism from a section of experts in Kathmandu.
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The World Bank has agreed to provide financial assistance to the Roads Department to build 14 bridges on the Muglin-Narayanghat road, the Kathmandu Valley’s key supply line which is currently being upgraded from single lane to double lane.
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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
The National Reconstruction Authority (NRA) has called on stakeholders to ease the process of providing grant to the Gorkha Earthquake survivors.
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Commercial banks will now be subjected to fine if they fail to extend at least 20 percent of their total loan to the productive sector.
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The Asian Development Bank (ADB) has agreed to provide an additional financing of 90 million US Dollars (approximately Rs 9.54 billion) to the government of Nepal for the implementation of Kathmandu Valley Water Supply Improvement Project.
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Tags: loans