Over 53,500 individuals and entities blacklisted in a year for banking offenses

KATHMANDU, July 27: The number of individuals and entities being blacklisted by government authorities for financial crimes has been on the rise in recent years. In the last fiscal year (FY 2024/25) alone, a total of 53,571 individuals and institutions were blacklisted, according to the Credit Information Bureau (CIB). In the fiscal year 2023/24, the figure stood at 52,303. This marks an increase of 1,268 entries within a year, CIB spokesperson Bijay Kunwar said.