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Banks and financial institutions will be able to provide only one percent loss on good loans. Nepal Rastra Bank has made this arrangement through half-yearly review of monetary policy.
"The existing loan loss provision of 1.10 percent for good loans will be maintained at 1.0 percent," said the review.
Banks and financial institutions had to arrange 1.10 percent loss on good loans. At present, bad loans of banks and financial institutions have increased and due to problems in loan recovery, the provision for losses has increased. The nation has made such arrangements to reduce the pressure on the loss system due to bad loans.
