परिपत्र नं. १ (पूर्वाधार ) २०८३/८४ : नेपाल राष्ट्र बैंकबाट इजाजतपत्रप्राप्त पूर्वाधार विकास बैंकलाई जारी गरिएको एकीकृत निर्देशन, २०८२ मा संशोधन/परिमार्जन/थप ।

The Nepal Rastra Bank has issued Circular No. 1 (Infrastructure) for FY 2083/84, amending the unified directives applicable to licensed infrastructure development banks. The key change confirms that the countercyclical capital buffer (CCyB) will remain at 0% of risk-weighted assets for FY 2082/83 and FY 2083/84. NRB continues to use the credit-to-GDP gap as its reference for buffer decisions, with CCyB potentially ranging from 0% to 2.5% depending on system-wide risk buildup.

For compliance teams, this means no additional CCyB capital add-on is required for the current and next fiscal year, but capital planning and ICAAP assumptions must reflect the 0% rate. Firms should monitor NRB's credit-to-GDP assessments, as a positive gap could trigger future buffer increases. The directive supports infrastructure lending capacity by avoiding near-term capital constraints, but banks should stress-test for potential buffer activation.

Actions: update capital adequacy calculations, document CCyB treatment, and track NRB macroprudential signals.