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NRB must take prudent measures to bring monetary system back on track

The credit-deposit (CD) ratio of banks and financial institutions (BFIs) have fallen below 80 percent due to a slow increase in lending compared to the excessive rise in deposit collection. According to the records with Nepal Rastra Bank (NRB), the CD Ratio of the BFIs stood at 79.94 percent as of Sunday. ....

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Banks look for reducing interest rates further citing excessive loanable funds with them

KATHMANDU, Jan 10: The credit-deposit (CD) ratio of banks and financial institutions (BFIs) have fallen below 80 percent due to slow increase in lending compared to the excessive rise in deposit collection. ....

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Maybank employee foils $338,000 scam attempt

Singapore News - Maybank Singapore has saved its customers nearly $1 million by intervening in scam cases in 2023. The bank, which began keeping tabs on its scam intervention cases during the year with help from the Singapore Police Force, intervened in 14 cases from March to November,. Read more at www.tnp.sg ....

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Central bank tells BFIs to first auction the collateral before blacklisting loans defaulters

KATHMANDU, Nov 30: Nepal Rastra Bank (NRB) has turned lenient on loan defaulters, asking the banks and financial institutions (BFIs) to assess the collateral valuation before blacklisting the concerned debtors. ....

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OCBC customers to receive e-mails and push notifications instead of SMS for banking activities

Singapore News - OCBC Bank customers will no longer receive SMS messages about their banking activities, and will receive alerts through push notifications and e-mails starting Friday. In a push notification sent to OCBC customers on Thursday, the bank said they will no longer send SMS. Read more at www.tnp.sg ....

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