NRB Allows Only 1.10% Provision on Pass Loan

Aug 01, 2024 08:04 AM Merolagani



Nepal Rastra Bank (NRB) has issued a circular to implement monetary policy on Wednesday.

Through the circular, the central bank has allowed banks and financial institutions (BFIs) to maintain only 1.10 percent provision on pass loans. previously BFIs were required to maintain 1.20 percent provision on pass loans.

Similarly, NRB deducted bank rate to 6.5 percent and policy rate to 5 percent.





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