KATHMANDU, Jan 3: Last week, a group of entrepreneurs took to NIC Asia Bank complaining about the unnecessary pressure given by the bank’s officials on borrowers to settle the loan amount earlier than the prescribed date of loan maturity.
CHAPAKOT (Kaski), Oct 24: When Balaram Adhikari, a farmer in a village by the Phewa Lake, toyed with the idea of setting up a grocery store some 18 years ago, he had very few options. He is 61. He didn’t have enough funds. His village also lacked any bank or cooperative that could have supported him. His neighbors had taken loan to raise cattle from a cooperative called Nepal Sahakari Sanstha Limited.
MUMBAI, Sept 29: The Indian government may request an interim dividend of around 300 billion rupees ($4.3 billion) from the central bank in order to meet its fiscal deficit target, Mint newspaper reported on Sunday citing news agency Press Trust of India (PTI).
KATHMANDU, July 23: Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs), restricting them from arbitrary charging their clients for service, administrative and other fees.
KATHMANDU, June 11: The Asian Infrastructure Investment Bank (AIIB) has approved a loan of up to US $ 90 million for the 216 MW Upper Trishuli-1 Hydropower Project, which is being developed by a Korean joint venture company.
KATHMANDU, June 9: Only six youths have received subsidized loans so far for self-employment under the much-hyped scheme introduced by the government to give loans to educated youths against the collateral of their academic certificate.
KATHMANDU, May 7: Bank's lending to service industry has jumped by 18 percent over the first eight months of the current fiscal year 2018/19, reflecting buoyant sentiment among investors on what is called a tertiary sector in the economy.
KATHMANDU, March 22: Nepal Rastra Bank (NRB) has shown flexibility in taking action against bank and financial institutions (BFIs) that are not floating loans to priority sectors as required by its rules.
COLOMBO, Sri Lanka, Feb 2: Sri Lanka is negotiating a $1 billion loan from China to construct a highway linking the capital Colombo to the hilly resort city of Kandy, even as the heavily-indebted South Asian island nation makes arrangements to pay down $5.9 billion in foreign loans this year.
COLOMBO, Jan 15 : Bank of China (601988.SS), the country’s fourth-biggest lender by assets, has offered a loan of $300 million to Sri Lanka which can be raised to $1 billion, a source in Colombo with direct knowledge of the matter, told Reuters on Tuesday.
KATHMANDU, Nov 12: Bankers are worried over their worsening capacity to lend due to a prolonged shortage of loanable fund in the banking system. They say that the mismatch in deposit and loan growths for a lengthy spell could dampen the current economic growth momentum.
KATHMANDU, Oct 4: The Asian Development Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway.
KATHMANDU, Aug 2: The government is preparing to implement the subsidized loan scheme for youths interested to start business by pledging their academic certificates as collaterals within the next two months.
KATHMANDU, July 22: Sanima Bank Ltd has launched Sanima Online Loan Assessment, an online service for its customers. According to a statement issued by the bank issued on Saturday, the customers can use this service to know about the processes of loan and to submit a loan application in the bank.
KATHMANDU, June 29: Nepal Peasants and Workers Party (NPWP) lawmaker Prem Suwal lashed out at the government for its decision to take foreign loan arguing that Nepal has been already deep into financial crisis.
KATHMANDU, April 10: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of the World Bank Group, has exchanged a mandate letter for long-term loan. The loan from IFC is subject to approval from the Nepal Rastra Bank (NRB).
KATHMANDU, Feb 22: Deposit collection of commercial banks in the first month of the third quarter has fallen, while loan disbursement is on the rise, a recent data of Nepal Bankers Association (NBA) shows.
KATHMANDU, Feb 19: The Central Investigation Bureau (CIB) of Nepal Police has arrested eight operators of investment companies on the charge of committing banking fraud and charging exorbitant interests -- over 24 percent -- on loans.
KATHMANDU, Jan 29: Not a single earthquake victim has been able to benefit from the government's scheme of interest-free housing loan of up to Rs 300,000 due to the government's half-hearted approach to the scheme.
KATHMANDU, Jan 21: Nepal has found itself in a difficult position, with India including a caveat in the use of a soft loan amounting to around US$750 million pledged by New Delhi for post-earthquake reconstruction.
KATHMANDU, Jan 13: Senior government officials from various line ministries as well as National Reconstruction Authority (NRA) are visiting India to expedite the process of releasing US$750 million 'soft loan' India has offered for post-quake reconstructions in Nepal.
KATHMANDU, Dec 17: Agricultural loans disbursed to flower and fruits cultivation, bee-keeping and poultry sectors provided by banks and financial institutions throughout the nation have increased substantially in the last fiscal year.
KATHMANDU, Dec 17: Nepal Rastra Bank (NRB) received fewer grievances and complaints from borrowers or bank and financial institutions (BFIs) on disputes of transactions between the two parties last fiscal year.
KATHMANDU, Oct 11: The National Reconstruction Authority (NRA) has directed the authorities concerned to make arrangement for providing subsidized loan of Rs 300,000 to the earthquake survivors in a smooth manner.
KATHMANDU, Sept 25: The Asian Development Bank’s (ADB) Board of Directors has approved a $150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far west.
KATHMANDU, Sept 11: The Government of Nepal has signed an agreement with the Asian Development Bank to receive a loan of US$ 150 million (approximately Rs 15 billion) to implement electricity transmission lines and distribution efficiency enhancement projects. Likewise, the ADB has also provided grants of US$ 2 million from the Japan Fund for Poverty Reduction to the government of Nepal.
KATHMANDU, July 10: The meeting of the Council of Ministers held today has made a decision to provide the families who were displaced by flood that occurred a week ago in Saptari district with Rs. 25, 000 each to help them construct 15,000 make-shift houses and purchase 10,000 corrugated zinc roof sheets.
KATHMANDU, July 8: Road projects financed by Indian third line of credit have made no headway in this fiscal year as well, thanks to differences on pre-qualification of contractors and setting of their eligibility criteria.
SAPTARI, July 7: Prime Minister Sher Bahadur Deuba who is in Saptari to observe the flood-affected areas has announced that the government will provide the families who were displaced by flood that occurred few days ago with Rs. 25, 000 each.