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Nabil Bank issues ultimatum to pay loans to proprietors of B & B Hospital

Banks in Nepal
Nabil bank
Nabil Bank Limited, the first foreign joint venture bank of Nepal, started operations in July 1984. Nabil was incorporated with the objective of extending international standard modern banking services to various sectors of the society

Rastriya Banijya Bank
fully government owned & largest commercial bank in Nepal. provides various banking services to a wide range of customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. RBB has Nepal's most extensive banking network with over 113 branches.
Siddhartha bank limited
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Himalayan Bank Ltd
ATM, Credit Cards, money and all banking services
Machha Puchchhre bank
registered in 1998 is the first commercial bank in the western part of the Kingdom of Nepal having head office in Pokhara
Bank of Kathmandu
Laxmi Bank

 

News item 21-07-2010

Nabil Bank has issued an ultimatum to Dr Ashok Baskota and Jagdish Lal Baidhya, proprietors of B & B Hospital, to clear all debt taken from the bank within a week, Karobar daily reported.

 The bank has sent a letter to the doctors warning them of blacklisting if they don’t pay the credit within a week.
They had taken a loan of Rs 300 million in the name of B & B Harisiddhi Medical Hospital to run a teaching hospital.
Nabil bank expedited its efforts to recover the loan as per the instructions of Nepal Rastra Bank (NRB).
NRB asked Nabil bank to recover the loan as soon as possible after it found it was not feasible to run a teaching hospital at the mentioned place. After the central bank found the loan invested for an unfeasible project, it instructed Nabil bank to recover the loan soon or face action.

 

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