Laxmi Sunrise Bank Limited Announces Intensive Debt Recovery Measures Against Defaulting Borrowers
▸ Part of: Nepal Rastra Bank Finalizes De-Licensing of Central Exchange Counter
Laxmi Sunrise Bank Limited has announced intensive debt recovery measures against defaulting borrowers, issuing a 35-day public warning notice. The bank demands immediate settlement of outstanding principal, interest, and penalties. Failure to comply within the deadline will result in credit blacklisting and the seizure and auction of pledged assets. The bank also warned of secondary asset seizure if auction proceeds do not cover the total debt.
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