KATHMANDU, May 24: Recent reports reveal that bribe money was paid and deposited in foreign banks involving Dilliram Adhikari, the former managing director (MD) of Nepal Telecom. It has been discovered that Adhikari accepted bribes in dollars under his wife Indu Dhakal's name. A voucher indicates that Japan's Ocean Technology Limited sent $2,924 as a bribe every month.
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KATHMANDU, April 21: The non-performing loans of commercial banks increased to 3.65 percent in the first nine months of the current fiscal year, an increase of 0.63 percent compared to the same period last year.
KATHMANDU, April 12: Most of the commercial banks have reduced the deposit interest rates for the month of Baisakh (mid-April to mid-May) as well. According to the new interest rate table published by the banks on Friday, the maximum average interest rate for personal term has decreased by 0.19 percentage points compared to Chaitra (mid-March to mid-April).
KATHMANDU, April 11: The net profits of commercial banks declined 13.37 percent in the first eight months of the current fiscal year, thanks to the economic slowdown and an increase in the bad debts of the banks.