{"id":131,"date":"2018-08-09T08:02:35","date_gmt":"2018-08-09T08:02:35","guid":{"rendered":"https:\/\/english.bankingkhabar.com\/?p=131"},"modified":"2018-08-09T08:02:35","modified_gmt":"2018-08-09T08:02:35","slug":"nrb-allows-commercial-banks-to-borrow-funds-from-india","status":"publish","type":"post","link":"https:\/\/english.bankingkhabar.com\/?p=131","title":{"rendered":"NRB allows commercial banks to borrow funds from India"},"content":{"rendered":"<p style=\"text-align: justify;\">\n\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"505\" alt=\"\" class=\"alignnone size-full wp-image-18\" src=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2018\/07\/nepal-rastra-bank.jpg\" style=\"width: 800px; height: 505px; float: left;\" srcset=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2018\/07\/nepal-rastra-bank.jpg 800w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2018\/07\/nepal-rastra-bank-300x189.jpg 300w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2018\/07\/nepal-rastra-bank-768x485.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><span style=\"color:#FF0000;\"><span style=\"font-size:16px;\">Nepal Rastra Bank has allowed Nepali commercial banks to borrow funds from Indian banks. This is to invest only in designated areas recommended by Rastra Bank.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#FF0000;\"><span style=\"font-size:16px;\">The Monetary Policy 2018-19 has introduced a facility for commercial banks to borrow funds from Indian Banks. Issuing a circular Rastra Bank has allowed banks to use this facility. The circular has defined some terms and conditions for borrowing funds:<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\tThe interest rate of the borrowing can be one percent point higher than the 364-day average rate of Indian Treasury Bills.\n<\/p>\n<p style=\"text-align: justify;\">\n\tBanks cannot offer additional fees and commission to the lender and they cannot keep any collateral, guarantee, or bank guarantee to avail loans from Indian banks.\n<\/p>\n<p style=\"text-align: justify;\">\n\tBanks must take approval from their respective board and also from the central bank before obtaining such loans.\n<\/p>\n<p style=\"text-align: justify;\">\n\tBanks must notify the central bank regarding the loan amount availed from the Indian Banks and the repayment of principal and interest.\n<\/p>\n<p style=\"text-align: justify;\">\n\tSuch loans can be availed for 1 to 5 years and can be renewed if central bank grants permission.\n<\/p>\n<p style=\"text-align: justify;\">\n\tThe borrowed funds must be lent to the designated sectors, namely, for hydroelectric projects, bridges and other physical infrastructures (except non-tradable sectors like land, real estate development), tourism agriculture and as microcredit as well. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nepal Rastra Bank has allowed Nepali commercial banks to borrow funds from Indian banks. This is to invest only in designated areas recommended by Rastra Bank. The Monetary Policy 2018-19 has introduced a facility for commercial banks to borrow funds from Indian Banks. Issuing a circular Rastra Bank has allowed banks to use this facility. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NRB allows commercial banks to borrow funds from India - Bankingkhabar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.bankingkhabar.com\/?p=131\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NRB allows commercial banks to borrow funds from India - Bankingkhabar\" \/>\n<meta property=\"og:description\" content=\"Nepal Rastra Bank has allowed Nepali commercial banks to borrow funds from Indian banks. This is to invest only in designated areas recommended by Rastra Bank. The Monetary Policy 2018-19 has introduced a facility for commercial banks to borrow funds from Indian Banks. Issuing a circular Rastra Bank has allowed banks to use this facility. 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