NRB Increases Loan Limit Against The Project To Rs 5 Crores
October 11, 2021 | Investopaper
Nepal Rastra Bank has amended the directive on Monday regarding the disbursement of loans for the project.
As per the integrated directive issued by NRB for banks and financial institutions, the loan limit against the project (as collateral) has been increased from Rs 1 crores to Rs 5 crores.
The central bank has also removed the arrangement of keeping an additional 20 percent loan loss provision on loans invested in the project.