News

Hire purchase and vehicle dealers flagged for suspicious transactions

KATHMANDU: The Financial Intelligence Unit (FIU Nepal) under Nepal Rastra Bank has placed hire purchase companies and vehicle dealers in the red flags of suspicious transactions and activities. FIU Nepal has updated the guidelines issued for Suspicious Transactions and Activities…
News

Auto loan disbursements by banks up 5.51% in 11 months

KATHMANDU: Bank and financial institutions disbursed Rs 6.84 billion in hire purchase loans to finance motor vehicle purchases in the first 11 months of the current fiscal year 2024/25, a 5.51% growth compared to the same period of the previous…