रोशनी तामाङ
Kathmandu. The pressure of registering cases in the Debt Recovery Tribunal is increasing. Banks are filing cases saying that they have not been able to collect billions of rupees in loans from borrowers in the first six months of the current fiscal year.
According to the tribunal’s data, banks have yet to collect loans of Rs 5.196 billion from Shrawan to Poush of the current fiscal year. So far, 833 cases have been registered in the Debt Recovery Tribunal, while 664 cases are yet to be decided.
According to the tribunal, NIC Asia Bank has filed the highest number of cases for debt recovery. In the first six months of the current fiscal year alone, the bank has filed 90 cases demanding recovery of Rs 694.516 crore.
The bank has yet to recover crores of rupees from 90 companies, including Rs 16.3 million from Gilt Travels and Tours Pvt. Ltd., Rs 28.5 million from Prof. Dilli Raman Neupane of Shivansh Building Materials, Rs 33.7 million from Prof. Saraswati Pradhan of Sagun Kirana Store, Rs 24.6 million from Prof. Gautam Sah of Gautam Enterprises Firm.
Similarly, Fast Movers Pvt. Ltd., Purushottam Wagle, Sudip Wagle, Chitra Kumar BK, Bagmati Multipurpose Trading Pvt. Ltd., Medical Pharma Pvt. Ltd., Dadiram Subedi and others have not paid the loan. According to bank sources, the case was filed after the borrowers refused to pay the loan despite repeated requests.
What is the financial condition of NIC Asia Bank?
NIC Asia Bank has earned a net profit of Rs 151.7 million in the second quarter of the current fiscal year. The bank had earned a profit of Rs 1.90 billion 3.8 million more than in the same period last year.
As of mid-May, the bank’s net interest income was Rs 5.18 billion 6.9 million, distributable profit was Rs 2.65 billion.
The bank’s financial statements show that the bank’s deposit collection, which has a reserve fund of Rs 17.41 billion, has reached Rs 314 billion 80 billion and loan investment has reached Rs 266 billion 21 billion.
As of mid-May, the bank’s earnings per share were Rs 2.04, net worth per share was 198.92 percent and price-earnings ratio was 185.11 percent, while the bank’s bad loans were Rs 17.41 billion. It has reached 4.61 percent.
The pressure of cases in the Debt Recovery Tribunal has increased due to the inability of banks and financial institutions to recover debts.
These are the debtors who have not paid bank loans
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