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KATHMANDU, Oct 18: A proposed amendment to the Banking Offenses and Punishment Act, aimed at imposing severe penalties for check bouncers, has been introduced to the Federal Parliament. The amendment bill, registered in the House of Representatives, includes provisions for up to two years of imprisonment in cases of check bouncing.
KATHMANDU, May 5: The loan sharking victims who have come out in protest from different districts of Terai have continued their sit- in program.
Pay it off and the interest will be only 60%. >> okay. so let's move on now. interest will be only 60%. so that should help. >> right. >> okay. >> but the banks will make less money doing this. so you're going to see, you know, somewhat lower credit limits because the banks are going to be more cautious about extending too much credit to people. >> okay. >> things of that nature. >> let's move on now to checking accounts here. >> well, right now the banks don't make money by charging you to use a checking account. we have free checking. the checks are inexpensive. they make money on fees like ...