Jul Sat 2020 11:34:30
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The term of the loan to be repaid in mid-July for the payment of installments, interest and capital of the banks will not be extended. The NRB has not made any plan before the monetary policy and the demand for loans to be repaid by mid-July will not be met. According to news sources, the loan has to be repaid by mid-July. NRB has decided not to extend the deadline in this regard.
Prior to the monetary policy, there will be no concessional policy on interest and installment and principal repayment of loans. Nepal Rastra Bank is preparing to bring concessional policies through monetary policy. NRB sources have said that the policy of concession will not come before the monetary policy. Due to mid-July, various private sectors have been pressuring to postpone the loan installment, principal and interest payment dates. The government is silent in this regard. Nepal Rastra Bank is preparing a new monetary policy. As a result, NRB has not yet decided on the facility for those who are unable to repay the loan in mid-July. Earlier, Nepal Rastra Bank (NRB) had introduced a policy for the borrowers to repay the principal and interest of the loan by mid-April. NRB had also put forward a policy of giving 2 percent interest discount. NRB has not made any new decision about mid-July. Mid-July is coming. As a result, debtors are at a loss as to what to do to pay interest. Many are hoping for a discount. Governor Maha Prasad Adhikari has already said that the NRB will announce some concessions from the new monetary policy.