NRB Unveils Major Policy Tweaks: Margin Lending Relaxed, Contractor Relief Extended, and National ID Rules Eased
Summary
Nepal Rastra Bank has announced key regulatory changes including increased margin loan limits, contractor loan relief, extended working capital deadlines, higher LTV for electric public vehicles, relaxed interest accounting, and eased National ID rules for migrants and children.
Key Points
- NRB has increased the loan-to-value ratio for margin lending from 70% to 80% for highly rated entities with conditions.
- A relief package allows government contractors to reschedule loans due to pending payments, requiring proof and partial interest payment.
- Enforcement of working capital loan variance norms has been extended by one year to Shrawan 1, 2084.
- Banks can now offer up to 80% financing for large electric public vehicles and relaxed National ID requirements for non-resident Nepalese and vulnerable groups.
