Himal Press 
KATHMANDU: Nepal Rastra Bank (NRB) has tightened regulations on loans and non-fund facilities that founding shareholders of licensed institutions and their families can obtain from their own banks.
Issuing a unified directive to banks and financial institutions on Tuesday, the central bank said founding shareholders holding 0.5% or more of the paid-up capital, along with their family members, are now prohibited from availing such facilities.
Previously, such restrictions were applicable for founding shareholders owning more than 1% of the total paid-up capital, their family members and employees.
According to the new directive, BFIs are not allowed to extend loans to founding shareholders holding more than 0.5% of the paid-up capital, shareholders owning 1% or more shares, board directors and CEOs, and their family members, by using their assets as collateral.
