Nepal Rastra Bank Governor Dr. Biswo Nath Poudel announced that the central bank has begun reviewing its blacklisting framework, saying the current approach is one factor slowing investment growth. Speaking at the Nepal Economic Journalists’ Association anniversary, he noted that roughly 150,000 borrowers are listed as defaulters. The review will also examine the practice of blacklisting all members of a group investment even if only one defaults. The governor added that the central bank is taking private-sector misconduct seriously, including cases where collateral provided by debtors is purposely undervalued and sold.
