Agricultural Development Bank Threatens Lumbini Province Loan Defaulters with Public Blacklisting
▸ Part of: Nepal Banks Intensify Debt Recovery and Asset Liquidation Efforts
Agricultural Development Bank Limited has issued a 35-day public warning to loan defaulters in Lumbini Province, threatening inclusion in the Credit Information Center's blacklist. This action follows repeated failures by individuals and companies to settle outstanding debts. Failure to comply will result in legal recovery procedures and potential seizure of collateral assets, impacting guarantors and directors as well.
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