Muktinath under pressure on non-performing loans, increasing pressure on loan quality, will the magic of a new CEO work?

english.insurancekhabar.com · 1 week ago

Muktinath Bikas Bank is facing pressure from rising non-performing loans, which have reached 4.88 percent, particularly due to aggressive lending to small and medium businesses and consumer loans. Despite an increase in profits, the bank's credit quality is deteriorating, raising concerns about its expansion strategy. The appointment of Tara Manandhar as the new CEO presents a challenge to strengthen the bank's financial condition and correct past mistakes.