No need of cic for loan against fd recpit, gold/silver and goverment sercuities instruments and credit card upto 3.00 lac and online loan upto 5.00 lac
While onboarding every customer blacklisting status must be checked
Bank must mandatorly blacklist default loan client for amount above 10.00 lac if loan is default for minium 12 months. However board can provide extra 3 months grace. But can blacklist to any amount default client.
Deaulters must be classified under 2 group
Willful Defaulters :- due for 12 months and still no contact in bank, diversion of fund,Siphoning off (business earning not used to pay loan and do else thing), doing project Overcapitalization.
Non-willful Defaulters :- unable to pay due to unforseen circumstanes and be in contact of bank
Realted or family member of blacklisted customer can provide loan upon approval from board but it’s risk categorization will be 200%. But for all loans, a loan loss provision exceeding 100% is not required to be maintained
Loan can be renewed for blacklisted customer if principal and interest is regular.
Valuator can be blacklisted if while making auction revaluating the collateral the values come below 2/3 of initial valuation upon request of BFI. Also bfi can decide if not to backlist valuator in such case if it’s not actually guilt in that value calculating
BFI upon request to nrb can hold renewal and issuance of passport for such blacklisted customer.
Blacklisting extra clause for borrower :- not in contact for 90 days, fund diversion, bankrupt of borrower, bfi logged sue in court, 90 days after booked forced loan for non fund loan or credit card.
For construction business booked force loan must cross 1 year as on 2081/2. And no blacklist for dishnour of cheque of construction related person for upto 2081 mangsir end. – only for 81/82
if default loan is not fully covered by selling provided collateral, guarantor must serve 90 days notice and if notice is not received by guarantor after publishing it in newspaper, guarantor can now backlist.
For pvt or ltd co :- shareholder having 15% and above should be blacklisted mandatorily. However shareholder having less than 15% can also be blacklister if they have any financial interest.
Under firm in JV (joint venture) :- due to one backlisted firm another firm in jv is not affected.
Delisting of Blacklist must be done within 3 working days.
Before blacklisting of borrower 35 days' notice is must. Either make receive letter by borrwor or related to borrower ot publish in newspaper.
Delisted form blacklist, customer should provide new loan if they ask for. BFI should not deny seeing past blacklist record.
Karja Suchana Kendra must publish list of blacklisted borrowers who's due is equal or above 1 cr. In newspaper within shrawan and magh end
NO blacklist for :- Nepal government related entity, authorized deposit taking and loan lending institution, Partners, foreign missions, donor agencies, and development partners under foreign investment, international organizations with bilateral or multilateral relationships. No harm to PEVC (Private equity venture capital) having more than 50% foreign investment or having less than 50% domestic investment; if small and medium organization funded by them are blacklisted.
Blacklisted customer can open ac in bank for pension account or social security fund account.
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