BFIs to Suspend Real Estate, Vehicles and Share Loans

February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.

Today, bankers association of Nepal has conducted a discussion with higher officials of commercial bank. In the meeting, a decision was taken on suspension of loan extension to the sectors for some period.