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Nepal Rastra Bank enforces new regulations to protect microfinance borrowers

KATHMANDU: In a significant move to protect borrowers, Nepal Rastra Bank (NRB) has issued new regulations to curb exorbitant service charges and surcharges imposed by microfinance institutions (MFIs). Issuing a circular on Sunday, NRB reduced the maximum service fee charged by MFIs from 1.5 percent to 1.3 percent. Furthermore,...

Nepal Rastra Bank enforces new regulations to protect microfinance borrowers
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