Nepal Rastra Bank amends some directives for ‘A’, ‘B’ and ‘C’ Class BFIs; look at the complete list
Nepal Rastra Bank (NRB) had released a notice informing A, B and C class BFIs regarding the changes made in some of the directives.
The NRB has increased the deadline to deposit the interest and principal amount of loans. Earlier, the deadline was within 15 days of the end of the FY. It has now been increased to 1 month of the end of the FY.
Similarly, the percentage of loan to be directed towards prioritized sectors has been amended. Commercial banks are required have 10% of total loans for agricultural purposes and 15% for energy and tourism purposes.
The complete list of amendments and changes is as follows:
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