BFIs

NRB allows banks to issue Standby Letter of Credit not exceeding $5 million

KATHMANDU: The Nepal Rastra Bank (NRB) has allowed commercial and development banks to issue Standby Letter of Credit (SBLC) to firm/organizations to operate their business and obtain loan in foreign countries. The central bank introduced this facility through amendments in the Unified Directives, 2019. Publishing a notice on Tuesday,...

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