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Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
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The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
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Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
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The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
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The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
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Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
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The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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Meanwhile, BFIs can fund up to 80 percent of the total cost of electric vehicles for personal use.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
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<p>
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
<p>
The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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<p>
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
<p>
The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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Meanwhile, BFIs can fund up to 80 percent of the total cost of electric vehicles for personal use.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p>
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
<p>
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<p>
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
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The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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Meanwhile, BFIs can fund up to 80 percent of the total cost of electric vehicles for personal use.</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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<p>
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
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The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
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Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
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The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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April 16: Despite the central bank’s efforts to minimize the sale of automobiles, banks and financial institutions providing auto loans has been increasing. This is against the directive of the central bank, which had issued the order on November 6 to make 50 percent downpayment on purchase of vehicles through BFIs. But in the four months since the central bank issued such directive, BFIs have released Rs 8.17 billion for the purchase of vehicles.
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.
The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.
Meanwhile, BFIs can fund up to 80 percent of the total cost of electric vehicles for personal use.
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Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
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Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
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Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
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The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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'title' => 'Auto Loans on the Rise: NRB',
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'summary' => 'April 16: Despite the central bank’s efforts to minimize the sale of automobiles, banks and financial institutions providing auto loans has been increasing. ',
'content' => '<p>
April 16: Despite the central bank’s efforts to minimize the sale of automobiles, banks and financial institutions providing auto loans has been increasing. This is against the directive of the central bank, which had issued the order on November 6 to make 50 percent downpayment on purchase of vehicles through BFIs. But in the four months since the central bank issued such directive, BFIs have released Rs 8.17 billion for the purchase of vehicles.</p>
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Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
<p>
The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
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Meanwhile, BFIs can fund up to 80 percent of the total cost of electric vehicles for personal use.</p>
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<p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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'title' => 'Auto Loans on the Rise: NRB',
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'summary' => 'April 16: Despite the central bank’s efforts to minimize the sale of automobiles, banks and financial institutions providing auto loans has been increasing. ',
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April 16: Despite the central bank’s efforts to minimize the sale of automobiles, banks and financial institutions providing auto loans has been increasing. This is against the directive of the central bank, which had issued the order on November 6 to make 50 percent downpayment on purchase of vehicles through BFIs. But in the four months since the central bank issued such directive, BFIs have released Rs 8.17 billion for the purchase of vehicles.</p>
<p>
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
<p>
The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
<p>
Meanwhile, BFIs can fund up to 80 percent of the total cost of electric vehicles for personal use.</p>
<p>
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<p>
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April 16: Despite the central bank’s efforts to minimize the sale of automobiles, banks and financial institutions providing auto loans has been increasing. This is against the directive of the central bank, which had issued the order on November 6 to make 50 percent downpayment on purchase of vehicles through BFIs. But in the four months since the central bank issued such directive, BFIs have released Rs 8.17 billion for the purchase of vehicles.</p>
<p>
Auto loans have increased by 4.42 percent in the second quarter of the current fiscal year as compared to the first quarter.</p>
<p>
The total amount of auto loans was Rs 176 billion as of the end of the first quarter of the current FY which rose to Rs 184 billion in the next four months, according to Nepal Rastra Bank.</p>
<p>
Earlier, the BFIs were allowed to fund up to 65 percent of the auto loan but the central bank brought down the ceiling to 50 percent five months ago.</p>
<p>
The central bank does not consider automobiles as productive sector while the BFI have been funding in this sector arguing that automobiles will help in increasing productivity.</p>
<p>
Meanwhile, BFIs can fund up to 80 percent of the total cost of electric vehicles for personal use.</p>
<p>
</p>
<p>
</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
