Rule 9
Standards On Conversion Into Unrecoverable Or Bad Debt
For purposes of Clause (a) of Sub-section (2) of Section 25 and sub-clause (1) of Clause (c) of Sub-section (3) of Section 40 of the Act, the standards determined by the Nepal Rastra Bank shall apply in respect of a debt of a bank or financial institution becoming as unrecoverable or its
conversion into a bad debt.
conversion into a bad debt.