Banks Lose Rs 280 M In Janamaitri Hospital

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Feb. 27, 2011, 5:45 p.m. Published in Magazine Issue: Vol. : 04 No .-17 Feb.25-2011 (Falgun 13,2067)

A number of banks are set to lose Rs 280 million they invested in the Janamaitri Hospital operated by people close to the Maoist party. Eleven commercial banks have invested Rs 280 million in this hospital in 2065. The hospital has paid only around Rs 7 million as principle and interest till date. The Nepal Rastra Bank has asked the banks to count their investment in the hospital as bad debts.

 

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