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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.
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<br />
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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Nepal Bankers’ Association (NBA) has demanded with Nepal Rastra Bank (NRB) for relaxing the Know Your Customer (KYC) requirements. Submitting a list of demand to NRB last week, NBA has asked for a system whereby a copy of the citizenship certificate or passport would be enough as a paper of identity of the customer for opening a bank account.<br />
<br />
They have also asked for relaxation on the requirement to increase their lending to manufacturing, agriculture and energy sectors. While earlier directive of the NRB requires them to have 20 percent of their loan outstanding on manufacturing sector by mid- July 2013, want the deadline extended till mid- July 2016. Similarly, they want NRB to extend the deadline till mid-July 2017 for increasing their loan outstanding on agriculture and energy sectors to 10 per cent. Earlier, NRB directive has set mid-July 2014 to meet this target. The bankers have also asked for reduction on the minimum amount of bank lending required to be in the deprived sector. They want this amount to be 3.5 percent instead of NRB’s earlier requirement of 4 percent.<br />
<br />
The association has also demanded for starting operation of Asset Management Company as soon as possible for the proper management of bad and doubtful loans. It has asked NRB also for taking up with the government the issue of implementing of Secured Transaction Act as soon as possible.Similarly, NBA has asked for permission to charge the customers for the cost incurred in cheque clearance through electronic clearance system. NBA has also asked NRB to increase the higher limit on Credit-Deposit Ratio (CD Ratio) from existing 80 percent to 85 percent.<br />
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