No penalty if loan paid in 30 days

It has been reported by Nepal Rastra Bank (NRB) that there will be no penalty if the loan is paid within 30 days. After revising Integrated Instruction 2079 issued to banks and financial institutions of categories A, B and C NRB made the announcement on Friday.

According to the Bank, such a concession will be applicable only to loans and interest that are expected to be paid by the end of May.