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BFIs blacklist around 4,000 loan defaulters in eight months of current fiscal year
April 4, 2021 06:30 am
KATHMANDU, April 4: Banks and financial institutions (BFIs) blacklisted as many as 3,942 individuals and firms on charge of defaulting loans during the eight and a half months of the current fiscal year from mid-July 2020 to March-end 2021, despite Nepal Rastra Bank (NRB)’s repeated direction for not blacklisting the firms failing to clear their loans due to COVID-19.
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