Introduction - Condition for Managing Loan Loss Provision by Banks
Status of loan to adjust the loan loss: loan loss system will not be adjusted except for the following conditions:
- If the loan is up,
- Loans of loan should be compensated due to the amount of payment due to the payment of loan due to debt classification as a documentary or partially classified loan,
- The rebuilding or recycled loan of the debt and interest of interest was regular for two years and
- If the loan is charged.
Banks and money related organizations have now been given extra time to consent to a stringent administrative arrangement that propels them to set aside five for every penny of the aggregate credit sum regardless of whether borrowers are making convenient important and premium installments.
In an overhauled mandate, issued today, Nepal Rastra Bank (NRB), the managing an account division controller, has said keeping money foundations, in the underlying stage, require not distribute more than 1.5 for each penny of the credit add up to cover hazard made by advances named 'watch list'. The due date to meet this objective is April 13.
From this date, the arrangement sum will increment by 0.5 rate point each quarter until the point that it achieves five for every penny in mid-January 2017, says the order, which is the first to be presented since new Governor, Chiranjibi Nepal, took office.
In an overhauled mandate, issued today, Nepal Rastra Bank (NRB), the managing an account division controller, has said keeping money foundations, in the underlying stage, require not distribute more than 1.5 for each penny of the credit add up to cover hazard made by advances named 'watch list'. The due date to meet this objective is April 13.
From this date, the arrangement sum will increment by 0.5 rate point each quarter until the point that it achieves five for every penny in mid-January 2017, says the order, which is the first to be presented since new Governor, Chiranjibi Nepal, took office.
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