Nepal Rastra Bank’s new hire-purchase rules to expand financial access beyond banks

KATHMANDU: The Association of Hire Purchase Companies of Nepal has welcomed the Nepal Rastra Bank (NRB)’s new regulatory framework for hire-purchase companies, saying the changes will help expand financial access to consumers and businesses that remain outside the reach of banks and other financial institutions. NRB issued the “Policy and Procedural Provisions for Granting Approval […]