HNB depositors at risk as Nawaloka defaults while spending Rs.1.3 bn. on equipment

Nawaloka Medical Center (Pvt) Ltd is under scrutiny after they recently announced the purchase of an AI-powered MRI machine worth USD 4.5 million (nearly Rs.1.33 billion) while still owing a huge debt to pay off Rs.0.63 billion to Hatton National Bank (HNB). The move has raised serious concerns, especially among HNB depositors. The machine has … Continue reading HNB depositors at risk as Nawaloka defaults while spending Rs.1.3 bn. on equipment