Central bank directs BFIs to furnish it with credit details
KATHMANDU: Nepal Rastra Bank (NRB) on Monday directed banks and financial institutions to submit details of all loans and credit facilities approved by the latter.
Also, the monetary authority issuing a notice asked all ‘A’, ‘B’ and ‘C’ category banks and financial institutions to provide it information on loans outstanding beyond the 90-day-repayment deadline. The BFIs must notify the centre if loans are not repaid within 15 days after the end of each quarterly period, the notice read.
According to NRB Executive Director Narayan Poudel, the regulator has also directed banks to furnish it with updates in loan clearance, repayment deadline extension and re-tabulation and payment status within 15 days from the date of change.