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Anil Gupta of ICRA discusses the implications of RBI's proposal for tighter project finance rules, focusing on provision requirements for projects seeking DCCO extension. The impact on lender balance sheets, credit flow, and specific sectors like REC and PFC is examined.
A high-level inter-ministerial group chaired by the commerce secretary Sunil Barthwal, which has officials from ministries of external affairs, defence, shipping ministry and finance, met Wednesday to take stock of the situation and undertake measures to shield domestic industry and ships from the crisis.
Mohali deputy commissioner Aashika Jain, who will chair the cell, said it will monitor the flow of credit in the district by all financial institutions on a real-time basis to ensure timely delivery of credit to beneficiaries
Banking regulator proposed sweeping changes in a draft circular on treatment of both wilful and large defaulters
KATHMANDU, July 23: Nepal Rastra Bank (NRB) has set a target to expand credit flow to the private sector by 11.5 percent in the current financial year 2023/24.