Loan repayment deadline extended for flood-affected entrepreneurs

Key Points

• The Nepal Rastra Bank has extended the repayment deadline for flood-affected borrowers, including businesses linked to the Bhotekoshi and Budhigandaki river areas, to mid-January 2027.
• Banks and financial institutions must assess borrowers’ financial condition before granting any extension on principal or interest payments.
• BFIs have also been directed to designate a focal person for reporting electronic financial fraud during Bijaya Dashami, Tihar and Chhath.
• The central bank has earlier issued additional facilitation measures for customers who lost banking documents in the floods and for relocating affected branches.