Kathmandu. Businessmen, industrialists and businessmen have been blacklisted in Nepal in recent times. The number of people being blacklisted has increased significantly due to the increasing trend of not being able to repay loans taken from banks and financial institutions on time, cheque bounce, withholding of installments and failure to fulfill financial liabilities.
According to officials related to the banks and financial sector, the slowdown in economic activities in the last few years has created serious problems in the operation of business.TAG_OPEN_p_4
With market turnover declining, consumer purchasing power weakening, industries operating at low capacity, and the construction and real estate sectors in recession for a long time, many businesses are unable to repay their loans.TAG_OPEN_p_3
