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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