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NRB caps penalties and bans service charges in latest policy amendment

KATHMANDU: Nepal Rastra Bank (NRB) has implemented a more rigorous policy regarding hire-purchase loans, placing restrictions on penalty amounts and prohibiting companies from levying service charges on such credit. In the latest amendment to the policy and procedural measures governing hire-purchase loans, NRB has directed companies engaged in hire-purchase...

NRB caps penalties and bans service charges in latest policy amendment
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