Introduction - Secured/Good Loan & Watch List
Secured Loan Definition: The guarantee stands useful for the advance and in the event that you miss installments or default on the credit, at that point the bank can gather the insurance. This kind of advance for the most part has a lower loan fee on the grounds that the bank is going for broke in light of the fact that it can gather the guarantee on the off chance that you default on installments.
Nepal Rastra Bank (NRB) has amended its advance characterization list, including a part called 'watch list', under which extra provisioning ought to likewise be made for credits on which foremost and premium installments are consistently being made.
As of now, the focal fiscal specialist has ordered credits into four classifications, to be specific, 'pass', 'substandard', 'dubious' and 'misfortune'. In view of these orders, banks and money related establishments need to arrangement a sum comparable to one for each penny of the aggregate credit to 100 for every penny of the aggregate advance as a support against conceivable defaults.
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