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ICT Frame | Tech News, Reviews & Digital Updates from Nepal
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Started 1 day ago · Updated 22 hours ago

Banks Issue Strict Notices for Loan Recovery and Claim Submissions

Photo · ictframe.com

Multiple financial institutions in Nepal have issued public notices demanding borrowers settle outstanding loans within strict deadlines or face asset repossession. Concurrently, NLG Insurance Company Limited has set a 35-day cutoff for submitting pending insurance claims, aiming to streamline its operations and settle long-standing files.

  • Himalayan Bank Limited has issued a 35-day public notice for defaulting borrowers and guarantors to settle their debts or face formal recovery procedures.
  • NMB Bank Limited has given borrowers 15 days to either clear vehicle financing liabilities or surrender the pledged vehicles.
  • NLG Insurance Company Limited has set a 35-day deadline for policyholders and claimants to submit incomplete insurance files related to incidents up to the end of Chaitra 2082.
  • Buddha Darshan Saving and Credit Cooperative Limited has returned savings to 34 depositors under the supervision of the Kathmandu Metropolitan City, with plans to return more within a month.
  • Laxmi Sunrise Bank Limited secured a USD 25 million (NPR 2.5 billion) debt financing agreement with British International Investment to support micro, small, and medium enterprises.

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NMB Bank Limited Himalayan Bank Limited Kathmandu Metropolitan City Laxmi Sunrise Bank Buddha Darshan Saving and Credit Cooperative Limited National Insurance Company Limited British International Investment

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