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13 Loan Defaulters Named publicly by Garima Development Bank

13 Loan Defaulters Named publicly
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24 September 2024, Kathmandu

Garima Development Bank Limited has publicly named 13 borrowers who have failed to repay their loans.

13 Loan Defaulters Named publicly

The bank has given these defaulters 35 days to settle their outstanding debts.

Despite repeated reminders, the borrowers have not made any payments. If the loans are not repaid within 35 days, the bank will auction off the collateralized assets to recover the outstanding amounts.

The bank will also report the defaulters to the Credit Information Center. This will make it difficult for them to obtain loans from other financial institutions in the future.

Garima Development Bank is committed to responsible lending practices and will take legal action against those who breach their loan agreements.

About us

Garima Bikas Bank, established in 2001, has grown significantly since its inception. The bank started with a limited presence but has expanded its operations to serve customers nationwide.

Through mergers and acquisitions, Garima Bikas Bank has strengthened its capital base and expanded its branch network. The bank now offers a wide range of banking services to customers across Nepal.

Garima Bikas Bank is committed to contributing to Nepal’s economic development. The bank aims to provide financial access to all, offer quality banking products, and create value for its shareholders and employees.

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