it reduces the high risk perception among lenders, reduces the cost of borrowing and gives them the faster and easier access to credit.
As per the Nepal Rastra Bank Regulation, all banks and financial institutions that are registered in Nepal Rastra Bank and engaged in credit lending of Rs. 1 million and above facility must be registered in Kendra as its member. Only the registered members can avail the credit reports and other credit information service provided by Kendra.
There are altogether 135 banks and financial institutions that are registered as members of Kendra. The detail statistics of the number of registered members in each category is as follows: