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Central bank directs BFIs to prioritize property auctions over swift blacklisting of debtors

KATHMANDU: Nepal Rastra Bank (NRB) has adopted a more lenient approach towards loan defaulters, urging banks and financial institutions (BFIs) to evaluate collateral values before resorting to blacklisting debtors. In a recent directive, the central bank instructed BFIs to prioritize auctioning the properties used as collateral before taking the...

Central bank directs BFIs to prioritize property auctions over swift blacklisting of debtors
China’s technical team explores Nepali terrain for in-depth railway study

China’s technical team explores Nepali terrain for in-depth railway study

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Govt initiates high-level dialogue council with private sector to revitalize sluggish economy

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