Monday, 29 April 2024 07:25 AM
OR
Login using
Nepali industrialists and businessmen face blacklisting amid economic downturn
January 12, 2024 17:38 pm
KATHMANDU, Jan 12: Prabin Gurung, who started a business in order to contribute domestically without seeking foreign employment, now has to face difficulty as the land he mortgaged while taking a loan has gone up for auction.
Over 2,000 individuals and firms blacklisted last month, banks’ provisioning amount also hit over Rs 126 billion
December 25, 2022 08:45 am
KATHMANDU, Dec 25: Cases of defaulting bank loans have increased by a notable number in recent days after the borrowers failed to pay back their dues on time. This has led to a significant rise in provisioning of banks.
Trending
Just In
- NEA Provincial Office initiates contract termination process with six companies
- Nepal's ready-made garment exports soar to over 9 billion rupees
- Vote count update: UML candidate continues to maintain lead in Bajhang
- Govt to provide up to Rs 500,000 for building houses affected by natural calamities
- China announces implementation of free visa for Nepali citizens
- NEPSE gains 14.33 points, while daily turnover inclines to Rs 2.68 billion
- Tourists suffer after flight disruption due to adverse weather in Solukhumbu district
- Vote count update: NC maintains lead in Ilam-2