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  • NRB Presents Monetary Policy FY 2020/21 Today!
    Friday 29th March 2024

    Live! NRB Presents Monetary Policy FY 2020/21 Today!

    The policy focuses on achieving an economic growth rate of 7% in the current fiscal.
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    Live! NRB Presents Monetary Policy FY 2020/21 Today!

    Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has unveiled the Monetary Policy (MP) for the current Fiscal Year 2020/21 on July 17, 2020.

    The utmost goal of the monetary policy is to achieve economic stability and reach economic growth of 7% in the current fiscal.

    Major Highlights of the Monetary Policy FY 202/21

    • Banks should invest 15% of their total loan portfolio in the agriculture sector and 10% in the energy sector
    • Banks can issue energy bond refinancing loan facility for SMEs at 2%
    • Previous loan installment and interest payment period as of mid-July has now been extended till mid-December
    • Moratorium on loan, interest rate recovery deadline extended till mid-December
    • CCD ratio for banks increased to 85% from existing 80%
    • No Issuance of licenses for new finance companies
    • No charging fees on interbank ATM withdrawal
    • Provisions for merger and acquisition of BFIs

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    Stay Tuned to Nepali Sansar for Latest Nepal Financial Updates!

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