Banking Exam Question - What are the NRB Directives (2074) Regarding Deposit & Loan Transaction for Licensed Financial Institutions? Explain

Introduction - Regarding Deposit & Loan Transaction for Licensed Financial Institutions

1. Licensed banks and financial institutions will not be able to keep deposits and loans in the savings operations and the companies doing business based on the prevailing laws other than the law related to the bank and financial institutions, 2073.
2. According to the rules related to the law and the financial institutions, except for the rules of the law, the financial institutions, and those operating in debt other than 2073, will not interfere with this bank to deposit deposits in the licensed bank and financial institutions and to take loan in the deposit receipt of the above mentioned provisions. But, thus, on loan deposits, which has been deposited in the bank / financial institution, only the loan will be provided from the bank and the financial institution. Apart from the institution having deposited receipt, the bank will not be able to renew the loan due to renewal of payment in the right of the flawed loan.
3. The licensed bank and financial institutions will be able to provide loans / shedding within the periphery of the loan policy policy, which will not be less interest rates than the interest rate of the deposited deposit to the deposited receipt. However, the provision mentioned below will not be implemented while the debt issuance issued by the Government of Nepal has been leaked in debt.
4. Any acceptance of deposits from any person, firm, company and other organized organizations, if the licensed banks and financial institutions accept any type of deposits from any other entity, such as fees and commissions or any such other title except for the interest rate given in such deposits, Day not found