Nepal Rastra Bank (NRB) has extended the deadline for implementing its working capital loan guidelines by one year. The central bank issued a circular on Monday, addressing long-standing concerns raised by both business owners and bankers.
Under the current provision, businesses are allowed to take working capital loans of up to 25% of their annual turnover. If this limit is exceeded, companies were initially required to adjust their borrowing within that limit by the end of Ashad 2082. However, NRB Governor Dr. Bishwanath Paudel has now decided to extend this adjustment deadline until the end of Ashad 2083.
Additionally, the requirement to conduct a variance analysis as specified in the guidelines—an essential step in adjusting loans—has been revised. This provision will now come into effect starting from Shrawan 1, 2083.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
