Nepal's central bank moves to reform ailing banks

Nepal's central bank said on Monday it had asked the Himalayan kingdom's two state-owned banks to be cautious in granting new loans, a move aimed at protecting the ailing institutions.

Ram Babu Pant, a top central Nepal Rastra Bank (NRB) official, said instructions had been sent to the Rastriya Banijya Bank (RBB) and the Nepal Bank Limited (NBL) to scrutinise loan applications and to deny fresh credit to clients with long outstanding dues to the banks."The move is to ensure that the financial

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