Activities calendar

26 June 2020

NFRS Impairment Vs. Loan Loss Provisioning in Current Pandemic Scenario

In consideration to the directives issued by Nepal Rastra Bank (NRB), Commercial banks are required to prepare their financial statements of 2017/18 , and going forward, based on NFRS.   The NFRS is principle based- a high quality standard which is divergent to local GAAP and it is designed to apply to the general purpose financial statements.