NPR 2 billion or more : consortium compulsory or loan categorized as loss category
Entity under consortium should only bank with the lead or it’s suppoerted bank.
Other bank unless otherwise provided approval by lead and other bank cannot provide loan to such party.
After deciding lead bank and other supported bank, they must provide decison whether to provide loan or not to the party within 90 days of such group formation.
Borrower can choose it’s list which which bank to deal with.
All loan payment must be made through lead bank. Incase full amount not recovered divide equaally among all banks.
One meeting in every 6 month is mandatory for all banks under consotium
With in 30 days of quater end bank must submit report to nrb
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