NRB’s relief to builders, able to restructure all loans up to 50 mln

KATHMADU: Nepal Rastra Bank has arranged to restructure the loans of construction businesses. Rastra Bank has provided that real sector loans and other sector loans can be restructured up to 50 millions.

On Friday, through the third quarter review of the monetary policy of the current fiscal year, it has been stated that loans related to hotels and restaurants, animal husbandry, construction sector and loans up to 50 million in other sectors can be restructured by the end of July 16.

According to the central bank, in view of the laxity seen in the real sector of the economy, banks and financial institutions can analyze the borrower’s cash flow and restructure the loan based on the need and justification.