Reducing personal guarantee to unlimited liability

The National Bank is going to make arrangements to facilitate this unlimited liability by reducing it through the upcoming monetary policy.

Ashad 23, 2083

Kantipur Reporter

Reducing personal guarantee to unlimited liability

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Banks and financial institutions are going to facilitate the system of taking guarantees from third parties when giving loans to individuals.

Currently, there is a system of unlimited liability for individuals who have personal guarantees when disbursing loans from banks and financial institutions.

Through the upcoming monetary policy, the Nepal Rastra Bank is going to facilitate the system by reducing such unlimited liability.

Kantipur

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