With respect to the Monetary Policy for FY 2018-19, Nepal Rastra Bank published a Circular 01 dated July 18, 2018 effectively implementing the borrower rating which states “While sanctioning new loan or renewal of existing loan for NPR 500 million (50 Crores) or more to a borrower, BFI (Class A, B and C) should consider rating of borrower by licensed rating agency as base for loan appraisal.”
