Kathmandu, 2 November: Governor of the Nepal Rastra Bank (NRB), Maha Prasad Adhikari has directed the banks and financial institutions (BFI’s) not to blacklist the entrepreneurs and auction their collateral at a time when their businesses are weakened by Covid-19 pandemic.
At a virtual interaction organized by the NRB on Sunday Governor Adhikari said that meaningful support was necessary for practical implementation of this year’s monetary policy.
“We are ready to revise the policy in case of some gaps in time of implementation,” he said that the central bank has been presenting itself as a felicitator rather than a regulatory body to provide relief to businesses facing problems due to Covid-19.
He informed that the NRB has made a provision of Rs 200 billion for refinancing adding that Rs 148 billion of the amount will flow through banks and financial institutions.
People’s News Monitoring Service
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