Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has directed the land development and building construction companies to reschedule or restructure their loans. Nepal Rastra Bank (NRB) on Friday issued a directive to the banks and financial institutions (BFIs).

After the company recovers at least 10 percent of the interest to be paid, the loan can be rescheduled or restructured with the revised business plan and cash flow analysis.

According to the conditions specified by the Rastra Bank, the re-tabulation or restructuring should be completed by mid-October 2082. The loan so rescheduled should be classified in the same category as it was at the end of Chaitra 2081. Also, the NRB has a provision that the loan loss system made earlier cannot be implemented. Evidence submitted to the concerned body for land development and building construction will also have to be submitted.