KATHMANDU, Sept 29: The government took an additional debt of Rs 49.23 billion in the first two months of the current fiscal year amid low revenue collection and unchecked recurrent expenditure.

KATHMANDU, July 29: The District Administration Office (DAO), Saptari has concluded 81 cases related to loan-sharking that were filed in Rajbiraj.

KATHMANDU, July 23: According to the monetary policy unveiled on Sunday, banks provided the highest amount of loans to the agricultural sector in the last fiscal year 2022/23.

KATHMANDU, June 30: The Asian Development Bank (ADB) has granted Nepal a loan of 50 million US dollars (approximately Rs 6.6 billion). The loan has been sanctioned to support the policy reforms aimed at enhancing Nepal's internal and external trade.

KATHMANDU, May 17: Siddhartha Bank Limited (SBL) has borrowed US $55 million from the International Finance Corporation (IFC).

LONDON, April 29: Richard Sharp, the British Broadcasting Corporation's (BBC) chairman, resigned on Friday after it was discovered that he had concealed his role in helping to arrange a loan of roughly USD1 million for former British Prime Minister Boris Johnson, according to CNN.

KATHMANDU, April 5: Digging work under the Nagdhunga Tunnel Construction Project in Kathmandu has been halted for 20 days after digging devices got damaged.

KATHMANDU, March 28: The government is going to make a legal arrangement to make it a crime to collect money at exorbitant interest rates.

KATHMANDU, Feb 25: Nepal Rastra Bank (NRB) has asked banks and financial institutions (BFIs) not to take penal interest from the borrowers for the next one month from the date that the outstanding loans have been pending.

KATHMANDU, Feb 15: Microfinance Institutions (MFIs) have agreed to return Rs 1.60 billion that they had taken in service charges from their clients concerned.

CHITWAN, Jan 23: The work of Gautam Buddha International Cricket Stadium which is under construction in Bharatpur Metropolitan City-15 has not progressed due to the non-payment of loans.

KATHMANDU, OCT 20: The US International Development Finance Corporation (DFC) has approved USD 100 million direct loan to NMB Bank to support the bank to financing MSMEs in Nepal.

KATHMANDU, Sept 13: The government has approved Rs 35 billion (275 million USD) concessional loan to be provided by the World Bank. The loan would be spent on the transportation and trade connectivity promotion programme.

KATHMANDU, August 17: The Social Security Fund (SSF) has started providing loans to its contributors since Wednesday.

KATHMANDU, July 22: The Nepal Airlines Corporation (NAC) has paid Rs 1.35 billion to Employees' Provident Fund (EPF) and Citizen Investment Trust (CIT), from which the corporation had taken in loan to purchase aircrafts for the national flag carrier. The amount was credited to EPF and CIT on July 14.

SSF contributors can now avail loan

July 18, 2022 11:05 am

KATHMANDU, July 18: The Ministry of Labor, Employment and Social Security has approved 'Contributors Credit Guidelines 2079 BS based on the Social Security Fund.

KATHMANDU, July 18: The government has decided to provide a loan of Rs 7 billion to Nepal Oil Corporation (NOC) to make the supply of petroleum products smooth.

KATHMANDU June 21 - The Ministry of Land Management, Cooperatives and Poverty Alleviation (MoLMCPA) has stated that the recent Supreme Court decision has only allowed people to take loans by keeping their land as collateral and that land has to be classified for fragmentation.

KATHMANDU, May 4: The government on Wednesday signed an agreement with the World Bank (WB) to get a loan of USD 150 million to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in Nepal.

CHITWAN, Dec 19: Chitwan Medical College Teaching Hospital has arranged a loan facility for the service recipients who come for hair transplantation. Customers can pay for cosmetic treatment including hair transplant in installment.

KATHMANDU, Dec 15: Global IME Bank Ltd is receiving a loan worth US $ 25 million from CDC Group, the development finance institution of the United Kingdom.

KATHMANDU, Dec 7: Nepal has stepped up to receive a loan amounting US $ 400 million from the International Monetary Fund (IMF) under the Extended Credit Facility.

KATHMANDU, Nov 14: Finance Minister Janardan Sharma has urged banks to accept lands in rural areas as collateral for loans.

KATHMANDU, September 21: The Asian Development Bank (ADB) on Monday approved a loan worth US $ 60 million to Nepal as an additional support for the country’s ongoing Electricity Grid Modernization Project that is upgrading power transmission and distribution systems across the country.

KATHMANDU, August 11: The government has signed an agreement with the Asian Development Bank (ADB) to receive a subsidized loan of Rs 19.58 billion to procure vaccines against COVID-19.

KATHMANDU, July 22: The Asian Development Bank (ADB) on Thursday approved a loan of US $165 million to Nepal to purchase safe and effective vaccines against the COVID-19 pandemic.

KATHMANDU, June 5: The government is looking forward to receiving loans worth Rs 5.84 billion (US $ 50 million) from the World Bank (WB) to improve the country’s health sector.

KATHMANDU, May 25: The government of Nepal has decided to take an additional loan of Rs 39.60 billion for the treatment of COVID-19 out of which Rs 3.40 billion has already been received.

KATHMANDU, Feb 16: Nepal Rastra Bank (NRB) has barred banks from keeping the COVID-19 hit firms in the blacklist if the concerned companies are unable to pay loan dues of up to six months.

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.

KATHMANDU, Dec 30: Asian Development Bank (ADB) is providing a loan amount worth Rs 18.25 billion (156 million US dollar) for upgrading the electricity grid system in Nepal.

KATHMANDU, Dec 17: Police have arrested three individuals on the charge of securing a huge amount of gold loan by mortgaging lesser amounts of the yellow metal.

KATHMANDU, Feb 17:  Mega Bank Ltd has signed an agreement to utilize Rs 2 billion in commercial loan from Doha bank.

KATHMANDU, Dec 10: A loan agreement has been signed between Asian Development Bank and Nepal Government for four different projects today.

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).

Notorious Malangawa money lender arrested

September 2, 2019 07:37 am

SARLAHI, Sept 2: Police on Sunday arrested Shyam Krishna Kalawar on the charge of defrauding hundreds of poor people in the district of Sarlahi by forging loan documents.

KATHMANDU, July 24: Nepal Rastra Bank has made mandatory provision to possess PAN number for those seeking loans above Rs 5 million.

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.

Megastar Amitabh Bachchan on Wednesday said he helped clearing outstanding loans of over two thousand farmers from Bihar.

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.

College tuition was less than what today’s students pay for textbooks when Caron and Jack Knopoff attended Chicago’s Wright Junior College in the mid-1960s.

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 11: The World Bank has decided to provide around Rs 23 billion concessional loans to Nepal for the implementation of financial and energy sector reform policy.

KATHMANDU, Oct 5: The Asian Development Bank (ADB) has announced to provide Nepal a loan of US$ 180 million to support improvement of East-West Highway.