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Shanker Group under scanner: Rs 76 billion bank exposure, Rs 100 billion credit limit raise systemic concerns

KATHMANDU: Nepal’s financial and industrial landscape has been jolted by revelations surrounding the Shanker Group, which holds an estimated NPR 76 billion in bank loans out of an approved credit limit of nearly NPR 100 billion, as authorities intensify a high-profile money laundering investigation linked to alleged misuse of...

Shanker Group under scanner: Rs 76 billion bank exposure, Rs 100 billion credit limit raise systemic concerns
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