Agricultural Development Bank Ltd.

Kumari Bank Issues Loan Repayment Notice; Other Banks Warn of Scams and Announce Share Conversions Kumari Bank Issues Loan Repayment Notice; Other Banks Warn of Scams and Announce Share Conversions

Kumari Bank Limited has issued a public notice demanding that multiple borrowers repay outstanding loan liabilities within 35 days, including principal, interest, and charges, to protect depositors and asset quality. Meanwhile, Kamana Sewa Bikas Bank Limited is warning customers about a phishing scam targeting connectIPS accounts, and Himalayan Bank Limited is allowing founder shareholders to convert 10 percent of their shares into public shares, adhering to Nepal Rastra Bank regulations.

4 articles · 1 day ago
Nepal Banks Intensify Debt Recovery and Asset Liquidation Efforts Nepal Banks Intensify Debt Recovery and Asset Liquidation Efforts

Several commercial banks in Nepal, including Everest Bank Limited and Agricultural Development Bank Ltd., are intensifying efforts to recover outstanding loans and liquidate collateral properties through public auctions and warnings. These actions are part of broader campaigns to address non-performing assets and maintain financial discipline within the country's banking sector.

9 articles · 5 days ago

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