Kathmandu. Kathmandu: Nepal Rastra Bank (NRB) is going to review the existing provision regarding distribution of more than 15 percent dividend (cash or bonus) annually to microfinance institutions.
Nepal Rastra Bank (NRB) Governor Dr Bishwanath Poudel made the announcement while unveiling the first monetary policy of his tenure on Friday. Point 104 of the policy unveiled by Poudel states, “The existing provision regarding distribution of more than 15 percent dividend (cash or bonus) annually by microfinance financial institutions will be reviewed as per the existing arrangement.”
According to this, the central bank is likely to increase it from 15 percent to more than 25 percent in the coming days. Because the central bank has not abolished this policy. He said he would review it. That means adding or decreasing the existing system.
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