Non-performing borrowers is increasing, Adding 897 borrowers to the blacklisted

Jun Wed 2022 04:04:34

128 views

Non-performing borrowers is increasing, Adding 897 borrowers to the blacklisted

Kathmandu. The number of borrowers who are unable to repay loans taken from banks and financial institutions is increasing. According to the Credit Information Center, 897 companies, including six cooperatives, have been blacklisted from July 1 to July 3 of the current fiscal year.

The Credit Information Center blacklists individuals and entities who have taken loans from banks and financial institutions for various business purposes and are unable to repay their loans on time. Cooperatives have been blacklisted due to non-payment of loans taken from various banks and financial institutions, National Cooperative Bank and other bodies.

According to the Credit Information Center, one of the blacklisted cooperatives is a multi-purpose, agricultural and savings and credit cooperative. The blacklisted cooperatives include Chandni Multipurpose Cooperative, Jeevan Sundar Agricultural Cooperative, Tirimiri Savings and Loan Cooperative and Smriti Savings and Loan Cooperative, Sarsapat Saving and Credit Co-operative and Nawarajdhani Co-operative.

Among the blacklisted cooperatives, Rabindra Adhikari and Uddhav Adhikari are the operators of Chandani Multipurpose Cooperative. Similarly, Bhuvan Kumar Sinjali and Upendra Magar are the directors of Jeevan Sundar Agricultural Cooperative.

 Similarly, Bishnu Sharma and Devendra Shrestha are the directors of Smriti Savings and Loan Cooperative. Anju Shrestha, Indra Basnet, Keshav Adhikari, Loknath Dallakoti, Madhav Kumar Sigdel, Prakash Bhatt and Suman Kumar Shrestha are the directors of Tirimiri Savings and Loan Cooperative.

According to the Center, Gopal Prasad Dhamla, Janaki Shrestha, Padam Maharjan, Sangita Karki, Sher Bahadur Magar and Sitaram Karki are the directors of the blacklisted Sarsapat Saving and Credit Co-operative while Ajay Pandit, Sagun Pandey and Surendra Amatya are the directors of Nawarajdhani Co-operative.

Similarly, other individuals and companies blacklisted during this period include Ugratara Spice and Flour Industry, Malla Brothers & Sons Pvt., Banglamukhi Multipurpose Agricultural Farm, Motors Solutions Pvt. Ltd., Kalika Enterprises, The Signing Path Academy Pvt. Are

Similarly, other companies on the blacklist include Aarti Business Real Estate Pvt., Canon Construction Pvt., Jyoti Balkunj Academy, Gold and Bold Traders, Universal Enterprises and Money Transfer, Ajambari Namuna Colony Pvt. It is mentioned in the statistics.

According to the data of the Center, Suvidha Shopping Business Pvt. , Gallivent Manpower Limited, Unique Pharmacy and Peace River View Agro Farm & Restaurant are also on the blacklist.