Rastraya Bank tightens grip on loan

Nepal Rastra Bank, has tightened its grip on individual loan. According to the direction, loan taker has to compulsorily submit a document that clearly states his/her income details.

Issuing a press statement on Tuesday, it directed the commercial banks not to issue loan exceeding the instalment by 50 percent of the individual’s income.

Nepal Rastra Bank is regarded as a regulatory body of all the commercial banks in Nepal,