As banks fail to meet credit thresholds for priority sectors, central bank extends compliance deadline

Out of 27 commercial banks, 17 failed to meet the credit threshold for enterprises.

As many as 10 commercial banks out of the total 27 had failed to meet the minimum threshold of credit to be extended to the agriculture sector by mid-January this year, according to Nepal Rastra Bank. The banks were in fact required to meet the threshold by mid-July last year, as per the directive of the central bank.