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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
<p style="text-align: justify;">The banks have tightened the issuance of such loans after Nepal Rastra Bank (NRB), issued a circular and formulated a new mechanism regarding micro-inspection loans in the end of previous FY. According to the NRB circular, loans issued against receivables above 90 days should also be kept under classification of micro- inspection loans. Under the classification, BFIs are required to have minimum 5 percent of principal of such loans in loan loss provision. The banks have also tightened issuing such loans, as, the concessions on loan mechanism provided by NRB during the devastating earthquake of last year and the border blockade have came to an end.</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
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
<p style="text-align: justify;">The banks have tightened the issuance of such loans after Nepal Rastra Bank (NRB), issued a circular and formulated a new mechanism regarding micro-inspection loans in the end of previous FY. According to the NRB circular, loans issued against receivables above 90 days should also be kept under classification of micro- inspection loans. Under the classification, BFIs are required to have minimum 5 percent of principal of such loans in loan loss provision. The banks have also tightened issuing such loans, as, the concessions on loan mechanism provided by NRB during the devastating earthquake of last year and the border blockade have came to an end.</p>
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
<p style="text-align: justify;">The banks have tightened the issuance of such loans after Nepal Rastra Bank (NRB), issued a circular and formulated a new mechanism regarding micro-inspection loans in the end of previous FY. According to the NRB circular, loans issued against receivables above 90 days should also be kept under classification of micro- inspection loans. Under the classification, BFIs are required to have minimum 5 percent of principal of such loans in loan loss provision. The banks have also tightened issuing such loans, as, the concessions on loan mechanism provided by NRB during the devastating earthquake of last year and the border blockade have came to an end.</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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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 style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
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May 26: The country’s business sector has complained on difficulties in receiving loans on current capitals from banks and financial institutions (BFIs) which is provided on receivables above 90 days.
“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.
However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.
The banks have tightened the issuance of such loans after Nepal Rastra Bank (NRB), issued a circular and formulated a new mechanism regarding micro-inspection loans in the end of previous FY. According to the NRB circular, loans issued against receivables above 90 days should also be kept under classification of micro- inspection loans. Under the classification, BFIs are required to have minimum 5 percent of principal of such loans in loan loss provision. The banks have also tightened issuing such loans, as, the concessions on loan mechanism provided by NRB during the devastating earthquake of last year and the border blockade have came to an end.
Meanwhile, NRB says it had implemented the new regulation to tackle the problems arise from such loans.
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include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
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'content' => '<p style="text-align: justify;">May 26: The country’s business sector has complained on difficulties in receiving loans on current capitals from banks and financial institutions (BFIs) which is provided on receivables above 90 days.</p>
<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
<p style="text-align: justify;">The banks have tightened the issuance of such loans after Nepal Rastra Bank (NRB), issued a circular and formulated a new mechanism regarding micro-inspection loans in the end of previous FY. According to the NRB circular, loans issued against receivables above 90 days should also be kept under classification of micro- inspection loans. Under the classification, BFIs are required to have minimum 5 percent of principal of such loans in loan loss provision. The banks have also tightened issuing such loans, as, the concessions on loan mechanism provided by NRB during the devastating earthquake of last year and the border blockade have came to an end.</p>
<p style="text-align: justify;">Meanwhile, NRB says it had implemented the new regulation to tackle the problems arise from such loans.</p>
<p style="text-align: justify;"> </p>
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'content' => '<p style="text-align: justify;">May 26: The country’s business sector has complained on difficulties in receiving loans on current capitals from banks and financial institutions (BFIs) which is provided on receivables above 90 days.</p>
<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
<p style="text-align: justify;">The banks have tightened the issuance of such loans after Nepal Rastra Bank (NRB), issued a circular and formulated a new mechanism regarding micro-inspection loans in the end of previous FY. According to the NRB circular, loans issued against receivables above 90 days should also be kept under classification of micro- inspection loans. Under the classification, BFIs are required to have minimum 5 percent of principal of such loans in loan loss provision. The banks have also tightened issuing such loans, as, the concessions on loan mechanism provided by NRB during the devastating earthquake of last year and the border blockade have came to an end.</p>
<p style="text-align: justify;">Meanwhile, NRB says it had implemented the new regulation to tackle the problems arise from such loans.</p>
<p style="text-align: justify;"> </p>
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<p style="text-align: justify;">“Banks have been demanding us reports on such receivables. They are not issuing loans on receivables above 90 days,” says Dinesh Shrestha, Vice-Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). He complains that due to the declining availability of loans, operation of businesses have become problematic. “We serve as personal guarantor for current capital loans, also keeping separate collaterals and show receivables too,” he clarifies, adding, “It is wrong to deny loans even with three levels of securities.” He points out that BFIs should not forget honesty of shown by businessmen regarding the payment of loans during the events following the devastating earthquake and the border blockade due to which BFIs were able to earn profit in such adverse situation.</p>
<p style="text-align: justify;">However, the banks are rejecting the claims of the business sectors saying that they have not stopped issuing loans on receivables above 90 days to all customers. “We are issuing such loans to selective customers only,” says Bhuwan Dhahal, CEO of Sanima Bank.</p>
<p style="text-align: justify;">The banks have tightened the issuance of such loans after Nepal Rastra Bank (NRB), issued a circular and formulated a new mechanism regarding micro-inspection loans in the end of previous FY. According to the NRB circular, loans issued against receivables above 90 days should also be kept under classification of micro- inspection loans. Under the classification, BFIs are required to have minimum 5 percent of principal of such loans in loan loss provision. The banks have also tightened issuing such loans, as, the concessions on loan mechanism provided by NRB during the devastating earthquake of last year and the border blockade have came to an end.</p>
<p style="text-align: justify;">Meanwhile, NRB says it had implemented the new regulation to tackle the problems arise from such loans.</p>
<p style="text-align: justify;"> </p>
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