Centralization of credit will be discouraged

Desk By Karuna

Nepal Rastra Bank is going to control the centralization of loans. The current financial year’s monetary policy has been disclosed by Mahaprasad Adhikari, governor of the Nepal Rastra Bank.

At a press conference conducted today at the Central Bank’s Baluwatar headquarters, the monetary policy has been announced. The refinancing option provided during the Corona period has been removed by the central bank. He disclosed that changes had been made to the facility’s mechanism for providing necessary re-loans.

In response to internal problems brought on by external influence imposed by the conflict
between Russia and Ukraine, the Central Bank has established a strategy of keeping foreign
currency reserves to support imports of goods and services for up to seven months.

In response to internal problems brought on by external influence imposed by the conflict
between Russia and Ukraine, the Central Bank has established a strategy of keeping foreign
currency reserves to support imports of goods and services for up to seven months. Monetary policy is to make it easier to lend to the productive sector.

The maximum limit of share loan is Rs 12 crore. The monetary policy public program continues.

Source: RSS