Kathmandu. Nepal Rastra Bank (NRB) has issued a public awareness message to raise awareness about the financial sector. Nepal Rastra Bank (NRB), the central bank of Nepal, has clarified that it is the moral and legal obligation of the borrowers to repay the loan after taking loan.
According to the NRB, it is the moral and legal obligation of the borrower to repay the loan as the amount is the property of the common savers.
Banks and financial institutions accept the savings of the general public as deposits. These deposits are issued as loans by banks and financial institutions subject to the specified conditions to meet the needs of individuals and institutions.
The central bank has stated that it is the legal obligation of the borrower to repay the loan as per the terms and conditions set by the banks and financial institutions while enjoying the loan. See also:
