सिंहदरबार संवाददाता
Kathmandu. The National Bank has issued a circular for the implementation of the second quarter review of monetary policy. The National Bank has issued a circular to increase the share of provisioning in good loans and the share of down payment in EV vehicles.
Now according to the circular of the National Bank, banks and financial institutions will be allowed to invest only 60 percent of the total price in EV vehicles. The buyer will have to pay 40 percent of the total price.
If an EV vehicle costs 5 million rupees, now the buyer will have to finance 2 million rupees and the bank and financial institution will have to finance 3 million rupees. Earlier, there was a provision of 20 percent, meaning that the buyer had to finance 1 million rupees and banks and financial institutions had to finance 4 million rupees.
Similarly, the risk weight of good loans of commercial banks has decreased by 0.10 percent. The circular of the National Bank has now allowed provisioning of only 1 percent on good loans with a risk weight of 1.10 percent. For example, if a bank has issued 10 million rupees of good loans, it had to make provisioning of 110 thousand rupees. Now, banks will be allowed to make provisioning of only 100 thousand rupees on 10 million rupees of good loans.
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