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The World Bank decided to lend the government $20 billion, while talks to borrow an additional $8 billion have been delayed.
Oct 20
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The Nepal government has agreed to a 20 billion 12 billion rupee World Bank loan and 150 million US dollars concessional loan assistance through the Nepal Disaster Resilience Credit
Surprising rise in loans during the celebration
Disasters like floods and landslides affected credit disbursement before Dashain, leading to an expected decrease in loan disbursement this year, despite increased festive season credit flow.
Indian Overseas Bank establishes locations in several cities to execute retail loans.
The bank with its headquarters in the city opened an ATM at the Puratchi Thalaivar Dr MGR Central Railway Station, a well-known landmark in the area.
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