21 September 2024, Kathmandu
Prabhu Bank’s Battar Nuwakot branch has announced a 35-day ultimatum for borrowers to settle their outstanding loans. In a notice published today, the bank emphasized the urgency for both borrowers and their guarantors to clear their loan obligations within this specified timeframe.
Prabhu Bank 35-Day Loan
This announcement serves as a final opportunity for borrowers to fulfill their repayment responsibilities, underscoring the bank’s commitment to maintaining financial integrity. The ultimatum indicates that if the loans are not repaid within the allotted 35 days, the bank will take serious action, including placing the borrower’s name on a blacklist, which could significantly impact their future financial dealings.
The move reflects Prabhu Bank’s proactive approach to managing loan repayments, ensuring that financial obligations are met while safeguarding the bank’s interests. By issuing this ultimatum, the bank aims to encourage compliance among borrowers and strengthen its financial stability.
Borrowers are urged to take this notice seriously and make repayment arrangements as soon as possible. The bank’s management has indicated that they are willing to discuss potential solutions or repayment plans for those who may be facing difficulties.
Prabhu Bank continues to emphasize the importance of responsible borrowing and timely repayment, as these factors are crucial for maintaining a healthy banking environment. The bank remains committed to providing support to its customers while ensuring the sustainability of its financial operations.
About us
Prabhu Bank has seen a remarkable expansion in a short period, particularly following its 2016 merger with Grand Bank Nepal Limited, Kist Bank Ltd, Prabhu Bikash Bank Ltd, Gaurishankar Development Bank Ltd, and Zenith Finance Ltd.
This consolidation elevated Prabhu Bank to an “A” class financial institution, regulated by Nepal Rastra Bank, Nepal’s central bank.
Since its inception, the bank has incorporated seven financial institutions, positioning itself as a leading player in Nepal’s banking and financial services sector.
Prabhu Bank aims to drive economic growth by connecting customers to new opportunities, fostering business development, and promoting financial prosperity. It provides a broad range of services, catering to both individual and corporate clients, supported by a dynamic and motivated team of professionals.
The bank’s key objective is to make financial services more accessible to the general public, ensuring their long-term financial well-being. With personalized service, prompt transactions, a wide-reaching network, mobile banking, and real-time account crediting, Prabhu Bank has quickly built a strong base of loyal customers.
It also provides non-fund-based services like guarantees and letters of credit. Understanding that financial success requires more than just capital, the bank focuses on providing quality consultation and counseling services. It invests in developing skilled personnel who understand customer needs and provide solutions, placing customer satisfaction at the core of its operations.