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.
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, 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, 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, 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.
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, 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, 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.