Tag: Loans

  • ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion

    ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion


    The Agricultural Development Bank Limited (ADBL) has launched a novel loan facility via the ADBL Smart Plus App, responding to the increasing demand for digital services and aiming to bolster financial access and inclusivity. This initiative enables eligible customers holding salary accounts with the bank to access instant loans of up to Rs. 2 lakhs directly through their mobile banking application, devoid of the necessity for collateral, paperwork, or physical visits to the bank.

    The repayment tenure for these loans can be selected as 3, 6, 9, or 12 months, structured on an Equated Monthly Installment (EMI) basis, with provisions for pre-payment. Additionally, eligible customers can avail themselves of the Buy Now, Pay Later (BNPL) feature for credit payments at Fonepay merchants via QR codes, facilitating purchases with the flexibility to pay in monthly installments.

    Moreover, customers have the option to utilize the “Convert to EMI” functionality to transform significant transactions into loans payable through installments. The registration process for this service is straightforward through the mobile banking app, and loan eligibility is determined based on a variety of criteria. Agricultural Development Bank aims to enhance customer convenience by introducing digital loans through the Foneloan service, marking itself as the first government bank to do so.

    Sagar Sharma, the CEO of Foneloan, underscores the objective of maximizing customer convenience, while Govinda Gurung, the CEO of Agricultural Development Bank, emphasizes the bank’s dedication to providing convenient facilities and expanding its array of digital banking services. Agricultural Development Bank operates via numerous branches and ATMs nationwide, catering to various sectors, including agriculture and personal loans, and offers comprehensive digital banking services.

  • is there a legal restriction for BFIs with high non-performing loans on dividend distributions?

    is there a legal restriction for BFIs with high non-performing loans on dividend distributions?


    does NRB have a law that says BFIs with NPL above a certain limit cannot distribute dividends? Gurkhas finance le dividend nadeko dherai varaicha and they have a high NPL ~10

    View on r/NepalStock by Substantial-Block407

  • Madhesh Province’s Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans

    Madhesh Province’s Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans


    The financial sector in Madhesh province is undergoing a notable expansion, as evidenced by the annual report on regional economic activity presented by the Nepal Rastra Bank for the fiscal year 2079/80. The report discloses a substantial 13.25% surge in total deposits and a 4.68% increase in loans, reflecting a positive trend in the banking landscape.

    According to the report, banks and financial institutions in Madhesh province have witnessed a significant rise in total deposits, reaching Rs. 2 kharba 96 arba 50 crore. This marks a noteworthy increase of 13.25% compared to the previous fiscal year. In contrast, the corresponding period in the preceding year saw a 5.35% growth, amounting to Rs. 2 kharba 61 arba 81 crore.

    The fiscal year’s review also indicates a 4.68% growth in loans extended by banks and financial institutions in Madhesh province, totaling Rs. 4 kharba 50 arba 21 crores. Although this represents a positive trajectory, the growth in loans during the same period of the previous year was more substantial at 16.70%, totaling Rs. 4 kharba, 30 arba, and 9 crore.

    Furthermore, the report highlights an increase in the total number of branches of banks and financial institutions, including microfinance entities, licensed by Nepal Rastra Bank in Madhesh Province. The current count stands at 1,745 branches during the year under review, reflecting growth from the 1,607 branches that were operational in the province during the corresponding period in the previous year.

  • Stock loans on all major liquid Nepse stocks

    Stock loans on all major liquid Nepse stocks


    Looking for stocks on loan all major liquid Nepse stocks for fixed amount of time and to be returned after the time end. In return will get interest rate as per NRB rate.

    View on r/NepalStock by NefariousnessOk4050

  • What effect does new revision of loans on Capital loan have on market?

    What effect does new revision of loans on Capital loan have on market?


    It seems the loan period has been extended and loan pressure is decreased. So, it seems market is going to have more cash flow?

    View on r/NepalStock by roshamns

  • Ghorahi Cement and it’s loans | IPO @ premium

    Ghorahi Cement and it’s loans | IPO @ premium


    Ghorahi Cement le premium bata uthako paisa le loan tirda kati jati loans ajjai payable rahala ani EPS kati samma badhla ta ?
    Selling pressure aaye pani next quarter ma kasto report expect garna sakincha ?

    View on r/NepalStock by forbiddenvoices7

  • Can we take small loans ( 1-3 lakhs ) against shares?

    Can we take small loans ( 1-3 lakhs ) against shares?


    I wanna take share loans and reinvest in market.

    View on r/NepalStock by -No-One-Nepal

  • “Advanced Automobiles Partners with Sanima Bank for Affordable Renault Vehicle Loans”

    “Advanced Automobiles Partners with Sanima Bank for Affordable Renault Vehicle Loans”


    Advanced Automobiles, the official distributor of Renault in Nepal, has entered into an auto loan partnership with Sanima Bank. This collaboration comes as the festive season approaches and the highly anticipated NADA Auto Show draws near. The primary aim of this agreement is to offer vehicle loans to Nepali customers at reduced interest rates.

    The agreement was formalized through a signing ceremony involving Mr. Adhir Kumar Shrestha, General Manager of Advanced Automobiles Pvt Ltd, and Mr. Vishal Dahal, Head of Retail Lending Department at Sanima Bank Limited.

    As part of this arrangement, individuals interested in purchasing Renault’s Kwid, Triber, and Kiger models can access financing options with favorable terms through Sanima Bank. These financing facilities will be accessible not only at Renault’s authorized dealerships nationwide but also at nearby Sanima Bank branches, providing convenience to potential buyers.

     

  • “Garima Bikas Bank Introduces 11.99% Fixed Interest Home and SME Loans”

    “Garima Bikas Bank Introduces 11.99% Fixed Interest Home and SME Loans”


     

     

    Garima Bikas Bank has introduced two new loan programs: Garima Easy Home and SME loans, both with a competitive interest rate of 11.99%. Borrowers can benefit from a fixed interest rate of 11.99% over a seven-year term under these new schemes.

    The bank’s extensive network consists of 121 branches and 50 ATM outlets, providing convenient access to its services.

  • “Nepal Rastra Bank Updates Risk Weightage for Share Mortgage Loans”

    “Nepal Rastra Bank Updates Risk Weightage for Share Mortgage Loans”


     

    The Nepal Rastra Bank has released a circular implementing changes in the Monetary Policy 2080/81. In this circular, they clarified that share mortgage loans above Rs. 50 lakhs will now carry a 150 percent risk weight, instead of the previous limit of Rs. 25 lakhs. The 150 percent risk weight will continue to apply to share mortgage loans exceeding Rs. 50 lakhs.

     

  • GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans

    GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans


     

    Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) has reported a net profit of Rs. 5.9 Crores in the third quarter of FY 2079/2080, marking a 79.19% decrease compared to the same quarter in the previous year. The company’s net interest income decreased by 26.48% to Rs. 67.31 Crores, while its borrowings decreased by 16.70% to Rs. 5.70 Arba and deposits decreased by 4.55% to Rs. 3.75 Arba. The company’s loans and advances also decreased by 10.03% to Rs. 12.71 Arba in this quarter. Non-performing loans increased to 7.94% from 4.23% in the corresponding quarter, while annualized earnings per share (EPS) stands at Rs. 8.01 and net worth per share is Rs. 235.87.

  • Janaki Finance’s net profit falls by 70.76%.

    Janaki Finance’s net profit falls by 70.76%.


    Janaki Finance Limited (JFL) reported a 70.76 percent decrease in net profit in the third quarter (Q3) of fiscal year 2079/80.

    According to a report released today by the financing company, its net profit fell to Rs 1.53 crore in the third quarter from Rs 5.24 crore in the previous quarter.

    In Q3, Janaki Finance had a paid-up capital of Rs 69.04 crore and reserves of Rs 29.82 crore. The firm also has Rs. 19.5 crores in negative retained earnings.

    JFL has collected Rs 3.34 arba in deposits and has issued Rs 2.62 arba in loans and advances.

    On the other side, the company’s NPL has climbed by a staggering 391.67% to 23.60%.