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g]kfn /fi6« a}+saf6 Ohfhtkqk|fKt

a}+s tyf ljQLo ;+:yfx?nfO{


hf/L ul/Psf]

PsLs[t lgb]{zg – @)^^

-ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf kl/kq÷lgb]{zg÷dfu{bz{g ;d]tnfO{ ;dfj]z ul/Psf]_

g]kfn /fi6« a}+s


s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

@)^^ cfiff9
ljifo–;"rL
qm=;+= ljifo k[i7 ;+Vof
!= Go"gtd k'FhLsf]if ;DaGwL Joj:yf !
@= shf{÷;fk6sf] juL{s/0f / shf{ gf]S;fgL ;DaGwL Joj:yf #$
#= Pp6} u|fxs, kmd{, sDkgL jf cfk;L ;DaGw ePsf u|fxsx?sf] ;d"xnfO{ / cy{
Joj:yfsf] Ps} If]qdf Ohfhtkqk|fKt ;+:yfn] k|bfg ug{ ;Sg] shf{ ;fk6 /
;'ljwfsf] ;Ldf lgwf{/0f ;DaGwL Joj:yf $$
$= n]vf gLlt tyf ljQLo laj/0fx?sf] 9fFrf ;DaGwL Joj:yf %!
%= Ohfhtkqk|fKt ;+:yfsf] sf/f]jf/df lglxt hf]lvd Go"gLs/0f ug]{ ;DjGwL
ul/Psf] Joj:yf *&
^= ;+:yfut ;'zf;g ;DaGwL Joj:yf (@
&= Ohfhtkqk|fKt ;+:yfsf] lg/LIf0f tyf ;'kl/j]If0fsf] qmddf lbOPsf lgb]{zgx?
nfu" ug]{ sfo{ tflnsf ;DaGwL Joj:yf !)!
*= nufgL;DjGwL Joj:yf !)#
(= Ohfhtkqk|fKt ;+:yfx?n] g]kfn /fi6« a}+sdf k]z ug'{kg]{ tYofÍ ljj/0f ;DjGwL
Joj:yf !)&
!)= Ohfhtkqk|fKt ;+:yfsf] ;+:yfks z]o/ gfd;f/L jf laqmL ;DaGwL Joj:yf !#$
!!= ;x–ljQLos/0f shf{ ;DaGwL Joj:yf !$)
!@= shf{ ;"rgf tyf sfnf];"rL ;DaGwL Joj:yf !$$
!#= clgjfo{ df}Hbft ;DjGwL Joj:yf !^!
!$= zfvf÷sfof{no vf]Ng] ;DaGwL Joj:yf !^^
!%= Aofhb/ ;DaGwL Joj:yf !&!
!^= ljQLo >f]t ;+sng ;DaGwL Joj:yf !&@
!&= ljkGg ju{df k|jfx ug'{ kg]{ shf{ ;DaGwL Joj:yf !&%
!*= ufEg]÷ufleg] / :t/f]Gglt x'g] ;DaGwdf !*)
!(= u|fxs klxrfg (Know your Customer) ;DaGwdf !()
@)= ljljw Joj:yf ;DaGwdf !($
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= !÷)^^
laifo:- Go"gtd k'FhLsf]if ;DaGwL Joj:yf .
o; a}+saf6 Ohfhtkqk|fKt ;+:yfn] sfod ug'{kg]{ Go"gtd k'FhLsf]if ;DjGwdf g]kfn /fi6« a}+s P]g, @)%*
sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= sfod ug'{kg]{ Go"gtd k'FhLsf]if
Ohfhtkqk|fKt ;+:Yffn] cfˆgf] hf]lvd efl/t ;DklQsf] cfwf/df b]xfo jdf]lhd Go"gtd k'FhLsf]ifsf] cg'kft
sfod ug'{kg]{ 5 .
hf]lvd efl/t ;DklQsf] cfwf/df sfod /fVg' kg]{ Go"gtd k'FhLsf]if
;+:yf
-k|ltzt_
k|fylds k'FhL k'FhL sf]if
æsÆ, ju{ ^=) !)=)
ævÆ / æuÆ ju{ %=% !!=)
æ3Æ ju{ $=) *=)
@= k'FhLsf]if
k'FhLsf]if eGgfn] k|fylds k'FhL / k"/s k'FhLsf] of]u ;Demg' kb{5 .
æsÆ ju{sf] Ohfhtkqk|fKt ;+:yfsf] xsdf k'FhLsf]ifsf] u0fgf o; a}+såf/f hf/L Capital Adequacy Framework
2007 (Updated July, 2008) cg';"rL !=! df tf]lsP jdf]lhd x'g]5 . -of] Joj:yf @)^% >fj0f ! ut]b]lv nfu"
eO{;s]sf]] 5 ._
#= k'FhLsf]ifsf] juL{s/0f
kF"hLsf]if u0fgf k|of]hgsf] lgldQ Ohfhtkqk|fKt ;+:yfsf] k'FhLsf]ifnfO{ b]xfo adf]lhd @ efudf juL{s/0f ug'{kg]{ 5 .
-!_ k|fylds k'FhL
!=!= b]xfosf zLif{sx?df /x]sf] /sd k|fylds k'FhLdf ;dfj]z÷u0fgf x'g]5 M–
-s_ r'Qmf k'FhL -;fwf/0f z]o/_
-v_ k|:tfljt jf]g; z]o/
-u_ z]o/ lk|ldod
-3_ lkmtf{ gx'g] cu|flwsf/ z]o/ (Irredeemable Preference Share)
-ª_ ;fwf/0f hu]8f sf]if
-r_ ;l~rt gfkmf÷gf]S;fg
-5_ k'FhL lkmtf{ hu]8f sf]if (Capital Redemption Reserve)
-h_ k'FhL ;dfof]hg sf]if
-em_ cGo :jtGq sf]if
!=@= k|fylds k'FhL u0fgf ubf{ b]xfosf zLif{sx?df /x]sf] /sd 36fpg'kg{] 5 .
-s_ Voflt (Goodwill)
-v_ o; a}+sn] tf]s]sf] ;LdfeGbf a9L x'g] u/L ;+ul7t ;+:yfsf] z]o/ tyf ;'/If0fkqx?df nufgL
u/]sf]] /sd .
-u_ cfkm\gf] ljQLo :jfy{ ePsf ;+ul7t ;+:yfx?sf] z]o/ tyf ;'/If0fkqdf u/]sf] ;Dk"0f{ nufgL /sd .
-3_ cjf:tljs ;DklQ (Fictitious assets) .
o; k|of]hgsf] nflu cg';Gwfg, ljsf; tyf sDKo"6/ ;km\6j]o/ afx]ssf cGo cjf:tljs vr{
;Demg' k5{ .
-ª_ k|rlnt P]g tyf sfg'gn] k|ltaGw u/]sf JolQm tyf ;d"xnfO{ k|bfg u/]sf] shf{ tyf ;'ljwf .
-r_ o; a}+saf6 hf/L lgb]{zgsf] kfngf gu/L l:y/ ;DklQ vl/b u/]sf] /sd .
-@_ k"/s k'FhL
k|fylds k'FhLsf] ztk|ltzt eGbf a9L ;dfj]z ug{ gkfOg] u/L k"/s k'FhLdf lgDg zLif{sx? cGtu{t
/x]sf /sdx? ;dfj]z ug'{kg]{ 5 .

1
-s_ ;fdfGo shf{ gf]S;fgL Joj:yf
o; zLif{s cGt/ut c;n shf{sf] lgldQ Joj:yf ul/Psf] /sd dfq ;dfj]z ug'{kg]{ 5 .
c;n, sd;n, z+sf:kb / v/fa shf{sf nflu o; a}+saf6 tf]lsPsf] cg'kfteGbf a9L shf{
gf]S;fgL Joj:yf u/]sf] v08df To:tf] cltl/Qm shf{ gf]S;fgL Joj:yf u/]sf] k"/} /sd /
k'g/;+/rgf / k'g/tflnsLs/0f u/]sf shf{x?df yk u/]sf] shf{ gf]S;fgL Joj:yf /sdnfO{
cltl/Qm shf{ gf]S;fgL Joj:yfdf ;dfj]z ug{;lsg] 5 .
t/, pk/f]Qm zLif{sx?df /x]sf] s'n /sd a}+ssf] s'n hf]lvd efl/t ;DklQsf] !=@% k|ltzt
eGbf a9L x'g] u/L k'/s k'FhLdf ;dfj]z ug{kfOg] 5}g .
-v_ ;DklQ k"gd"{NofÍg sf]if
o; sf]ifdf /x]sf] /sd ;d]t ;dfj]z u/L lgl:sPsf] s'n k"/s k'FhLsf] @ k|ltztdf ga9\g] u/L
dfq ;DklQ k"gd"{NofÍg sf]if jfktsf] /sd k"/s k'FhL u0fgf ubf{ /fVg kfOg] 5 .
-u_ xfOla|8 k'FhL pks/0fx? (Hybrid Capital Instruments)
o; zLif{s cGtu{t b]xfosf pks/0fx? kg]{5g\ .
-!_ ljgf ;'/If0f, k"0f{ r'Qmf x'g], e'QmfgL lbg] k|fyldstf qmddf lgIf]kstf{ / ;fx'x?eGbf
k5fl8 dfq e'QmfgL kfpg ;Sg] tyf 3f6fdf ;d]t ;xefuL x'g] jf ;fwf/0f k'FhLdf kl/0ft
ug{ ;Sg] jf g;Sg] u/L hf/L u/]sf ;'/If0fkqx? .
-@_ o; a}+sn] :jLs[lt lbPdf afx]s wf/sn] cfˆgf] OR5f cg'?k e'QmfgL k|fKt ug{ g;Sg] u/L
hf/L u/]sf pks/0fx? .
t/, s'g} Ps Ohfhtkqk|fKt ;+:yfn] hf/L u/]sf] xfOla|8 k'FhL pks/0fx? (Hybrid Capital
Instruments_ cGo Ohfhtkqk|fKt ;+:yfn] wf/0f -vl/b_ ug{ kfpg] 5}g .
-3_ ;'/If0f g/flvPsf] ;xfos cfjlws C0f (Subordinated Term Debt)
kfFr jif{eGbf a9L e'QmfgL cjlw ePsf], lgIf]kstf{x?eGbf k5fl8 dfq e'QmfgL kfpg] u/L s'g}
klg ;'/If0f g/fvL hf/L u/]sf] C0fkqx? / ;Lldt e'QmfgL cjlw ePsf÷cjlw tf]lsPsf lkmtf{
x'g ;Sg] cu|flwsf/ z]o/x? o; cGtu{t ;dfj]z x'g]5g\ . oL pks/0fx?sf] 36\bf] d"NonfO{
hgfpg Ohfhtkqk|fKt ;+:yfn] o:tf pks/0fx?sf] d"Nodf kl5Nnf] kfFr jif{b]lv aL; k|ltztn]
36fpb} n}hfg'kg]{ 5 . s'g} a}+s tyf ljQLo ;+:yfn] nfdf] cjwL kl5 jf ljleGg r/0fx?df
;fwf/0f z]o/df kl/0ft x'g] jf tf]lsPsf zt{x? k"/f u/]/ dfq lkmtf{ x'g] zt{df o:tf] pks/0f
hf/L u/]sf] cj:yfdf ;fwf/0f z]o/df kl/0ft ePsf] /sd r'Qmf k'FhLdf / z]o/df kl/0ft
gePsf] /sd o; cGt/ut /fvL k"/s k'FhLdf u0fgf ug{ ;lsg]5 .
t/, o:tf pks/0fx? hf/L ubf{ cfˆgf] k|fylds k'FhLsf] krf; k|ltzteGbf a9L /sd p7fpg
kfO{g] 5}g .
-ª_ ljb]zL ljlgdosf] sf/f]jf/ ug]{ Ohfhtkqk|fKt ;+:yfn] sfod u/]sf] ;6xL ;dLs/0f sf]if .
-r_ nufgL ;dfof]hg sf]if .
$= s'n hf]lvd efl/t ;DklQ
æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? afx]s cGosf] xsdf k'FhLsf]if u0fgf ug]{ k|of]hgsf] nflu s"n hf]lvd
efl/t ;DklQnfO{ lgDgfg';f/ b'O{ ju{df ljefhg ul/Psf] 5 .
-!_ jf;nftleqsf] hf]lvd efl/t ;DklQ .
-@_ jf;nftaflx/sf] hf]lvd efl/t sf/f]af/ .
%= jf;nft leqsf ;DklQ tyf jf;nftjflx/sf sf/f]af/x?df hf]lvd ef/
-!_ jf;nft leqsf ;DklQx?df hf]lvd ef/
k'FhLsf]if u0fgf ug]{ k|of]hgsf] nflu af;nft leqsf] ;DklQnfO{ lgDgfg';f/ ljefhg u/L 5'§f5'§}
hf]lvd ef/ k|bfg ul/Psf] 5 . jf;nftdf b]lvPsf] ;DklQsf] /sdnfO{ ef/ lbOPsf] k|ltztn] u'0fg
u/L s'n hf]lvd efl/t ;DklQsf] of]u lgsfNg' kg]{5 .
jf;nft leqsf zLif{s hf]lvd ef/ -k|ltzt_
gub df}Hbft 0
;'g df}Hbft -ljlgdo of]Uo_ 0
g]kfn /fi6« a}+sdf /x]sf] df}Hbft 0
g]kfn ;/sf/sf] C0fkqdf ul/Psf] nufgL 0
2
g]kfn /fi6« a}+ssf] C0fkqdf u/]sf]] nufgL 0
cfˆg} d'2tL /;Lbsf] lwtf]df k"0f{ ;'/lIft x'g] u/L k|bfg u/]sf]] d'2tL /;Lb lwtf] shf{ 0
;/sf/L C0f kqsf] lwtf]df k"0f{ ;'/lIft x'g] u/L k|bfg u/]sf]] shf{ 0
jrt kqsf] kfpg' kg]{ Aofh /sd (Accrued Interest) 0
ljkGg ju{ shf{ cGtu{t u0fgf x'g] o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]ifdf ævÆ / 0
æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] hDdf u/]sf] /sd
:jb]zL a}+s tyf ljQLo ;+:yfx?df /x]sf] df}Hbft÷d'4tL /;Lbsf] bfjL (Claims) ¿ 20
cGo a}+s tyf ljQLo ;+:yfx?sf] d'2tL /;Lbsf] lwtf]df k"0f{ ;'/lIft x'g] u/L k|bfg u/]sf]] 20
d'2tL /;Lb lwtf] shf{
ljb]zL a}+sx?df /x]sf] df}Hbft 20
dfu]sf] avt k|fKt x'g] /sd (Money at Call) 20
cGt/f{li6«o >]0fLs[t (Rated)*/ ljb]zL Ohfhtkqk|fKt ;+:yfsf] Uof/]06Ldf uPsf] shf{ 20
cGt/f{li6«o >]0fLs[t (Rated)*/ ljb]zL a}+sdf u/]sf] cGo nufgL 20
cGt/ a}+s ;fk6L 20
z]o/, l8j]~r/ Pj+ a08df ePsf] nufgL 100
cGo nufgLx? 100
shf{, ;fk6 tyf ljN; v/Lb÷l8:sfp06 ;d]t ** 100
l:y/ ;DklQx? 100
kfpg' kg]{ cGo v'b Jofh /sd -s'n kfpg' kg]{ Jofh – ;/s./L C0fkq tyf jrt kqsf] 100
Jofh– Jofh d'NtjL_
cGo ;a} ;DklQx? -v'b clu|d s/ bflvnf jfx]s_ 100
l6Kk0fL
¿ PsxKtfsf] cu|Ld ;"rgfdf lkmtf{ lng ;lsg] u/L :jb]zL a}+s tyf ljQLo ;+:yfdf Ohfhtkqk|fKt ævÆ, æuÆ / æ3Æ ju{sf
ljQLo ;+:yfx?n] /fv]sf] tLg dlxgf jf ;f] eGbf a9L cjlwsf d'2tL lgIf]k . o; k|of]hgsf] nflu lgIf]k /fVg] ;doeGbf
7Ls cl3Nnf] q}df;sf] k'FhL kof{Kttf -Capital Adequacy_ sf] cfwf/df tf]lsPsf] k'FhL kof{Kttf sfod u/]sf a}+s tyf
ljQLo ;+:yfdf /flvPsf] d'2tL lgIf]knfO{ dfq dfGotf lbOg]5 .
*/
o; k|of]hgsf] lgldQ ;+o'Qm clw/fHo a]nfotsf] n08gaf6 k|sflzt The Banker klqsfn] k|To]s jif{ h'nfO{ dlxgfdf
k|sfzg ug]{ Top Thousand World Banks sf] ;"rLdf kl5Nnf] jif{ ;dfj]z ePsf a}+sx?nfO{ ;Demg'kg]{ 5 .
pQm Top Thousand World Banks sf] ;"lrdf gk/]sf] v08df zt k|ltzt hf]lvd ef/ sfod ug'{kg]{ 5 .
** d'2tL /;Lb, g]kfn /fi6« a}+s C0fkq / ;/sf/L C0fkqsf] lwtf]df k|jflxt shf{ / cGt/f{li6«o >]l0fs[t a}+ssf] hdfgtdf
k|bfg ul/Psf] shf{ afx]s .
-@_ jf;nft aflx/sf] sf/f]jf/df hf]lvd ef/
k'FhLsf]if u0fgf ug]{ k|of]hgsf] nflu jf;nft aflx/sf sf/f]jf/x?nfO{ lgDgfg';f/ ljefhg u/L 5'§f5'§}
hf]lvd ef/ k|bfg ul/Psf] 5 . jf;nft aflx/sf] sf/f]jf/sf] /sdnfO{ hf]lvd ef/n] u'0fg u/L s'n
jf;nft aflx/sf] sf/f]jf/ lgsfNg' kg]{5 .
k|bfg ul/Psf] hf]lvd ef/ b]xfosf] tflnsfdf k|bfg ul/Psf] x'Fbf pQm sf/f]jf/sf] /sdnfO{ lbOPsf]
hf]lvd ef/n] u'0fg u/L ;a} hf]8]/ s'n jf;nft aflx/sf] hf]lvd efl/t sf/f]jf/ lgsfNg' kg]{5 .
jf;nft aflx/sf sf/f]jf/x? hf]lvd ef/ -k|ltzt_
laN; sn]S;g )
clu|d ljb]zL ljlgdo ;Demf}tf (Forward Foreign Exchange Contract) !)
^ dlxgfeGbf sd cjlwsf] k|lttkq -k"/} /sd_⊕ @)
*/ @)
cGt/f{li6«o >]0fLs[t (Rated) ljb]zL Ohfhtkqk|fKt ;+:yfsf] sfp06/ Uof/]06Ldf hf/L ul/Psf]
Uof/]06L
^ dlxgfeGbf a9L cjlwsf] k|ltt–kq -k"/} /sd_⊕ %)
lj8a08, k/km/d]G; j08 / k|Tofe"lt (Underwriting) ;DjGwL k|ltj4tf %)
k'g v/Lb ug]{ zt{df ljs|L ul/Psf] shf{ -Credit Purchase/Repurchase / Takeover) %)
clu|d e'QmfgL Uof/]06L (Advance Payment Guarantee) !))
ljQLo tyf cGo hdfgt (Financial and other Guarantee) !))
ckl/jTo{ shf{ k|lta4tf (Irrevocable Loan Commitment) !))
cfos/ jfkt ;Defljt bfloTj !))
Acceptance ;lxt cGo ;a} k|sf/sf ;Defljt bfloTjx? !))
3
l6Kk0fL
*/
o; k|of]hgsf] lgldQ ;+o'Qm clw/fHo a]nfotsf] n08gaf6 k|sflzt The Banker klqsfn] k|To]s jif{ h'nfO{ dlxgfdf
k|sfzg ug]{ Top Thousand World Banks sf] ;"rLdf kl5Nnf] jif{ ;dfj]z ePsf a}+sx?nfO{ ;Demg'kg]{ 5 .
pQm Top Thousand World Banks sf] ;"rLdf gk/]sf] v08df zt k|ltzt hf]lvd ef/ sfod ug'{kg]{ 5 .
⊕ k|lttkqsf] cjlw u0fgf ubf{ k|lttkq vf]n]sf] z'?sf] ldltb]lvsf] cjlwnfO{ g} u0fgf ug'{kg]{ 5 .
^= k'FhLsf]if cg'kft lgwf{/0f ;"q
k'FhLsf]if cg'kftsf] lgwf{/0f lgDgfg';f/ ug'{kg]{ 5 .
k|fylds k'FhL
-s_= k|fylds k'FhL cg'kft Ö
hf]lvd efl/t ;DklQsf] of]u × !))

k|fylds k'FhL ± k"/s k'FhL


-v_= k'FhLsf]if cg'kft Ö
hf]lvd efl/t ;DklQsf] of]u × !))

hf]lvd efl/t ;DklQsf] of]u Ö jf;nftleqsf s'n hf]lvd efl/t ;DklQ ± jf;nft aflx/sf
s'n hf]lvd efl/t sf/f]af/
&= k'FhLsf]if ;DaGwdf k7fpg' kg]{ laj/0fx?
o; a}+saf6 Ohfhtkqk|fKt a}+s÷ljQLo ;+:yfx?n] h'g;'s} avt klg tf]lsPsf] cg'kftdf Go"gtd k'FhLsf]if
sfod ug'{kg]{ 5 . æsÆ ju{sf Ohfhtkqk|fKt ;+:yfn] Capital Adequacy Framework 2007 (Updated July, 2008)
sf] cg';"rL !=! df Joj:yf eP adf]lhd / ævÆ, æuÆ / æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfn] k|To]s dlxgfsf]
d;fGtsf] ljQLo ljj/0fx?sf] cfwf/df ;+nUg lgb]{zg kmf=g+= !=! / !=@ adf]lhd k'h
F Lsf]if ;DaGwL ljj/0fx?
tof/ u/L cfGtl/s n]vfk/LIfsaf6 k|dfl0ft u/fO{ o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu tyf
;DalGwt ;'kl/j]If0f ljefudf k|To]s dlxgf ;dfKt ePsf] ldltn] Ps dlxgf leq k7fO ;Sg'kg]{ 5 .
sy+sbflrt dfl;s ?kdf cfGtl/s n]vfk/LIf0f u/fP/ k]z ug{ g;s]df dfl;s ljj/0fdf ;f] Joxf]/f
v'nfpg'kg]{ 5 . t/, q}df;sf] cGTosf] ljj/0f eg] clgjfo{?kdf cfGtl/s n]vfk/LIfsaf6 k|dfl0ft u/fP/ g}
k]z ug'{kg]{ 5 .
*= n]vfk/LIf0f u/fpg ;lsg]
k'FhLsf]if kof{Kt gePsf a}+s tyf ljQLo ;+:yfx?sf] Joj;flos cj:yfaf/] hfgsf/L lng o; a}+sn] cfjZos
7fg]df d"Nof+sg n]vfk/LIf0f -Due Diligence Audit, DDA_ u/fpg ;Sg]5 / ;f] jfkt nfUg] vr{ ;DjlGwt
;+:yfn] g} e'StfgL ug'{kg]{ 5 .
(= k'FhLsf]if ;DaGwL lgb]{zgx?sf] kfngf gePdf x'g] sf/jfxL
s, v / u ju{sf Ohfhtkqk|fKt ;+:yfx?n] k'FhLsf]if ;DaGwL lgb]{zgx?sf] kfngf gu/]df lz3| ;'wf/fTds
sf/jfxL ;DaGwL ljlgodfjnL @)^$ -Prompt Corrective Action – PCA_ adf]lhdsf] sf/jfxL x'g]5 .
t/, æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfn] tf]lsPsf] cg'kftdf k'FhLsf]if sfod ug{ g;s]df ;+rfns ;ldltn]
k}+lt; lbgleq k'FhLsf]if sfod /xg g;s]sf] sf/0f tyf k'FhLsf]if kof{Kt agfpg tof/ u/]sf] k'FhL of]hgf jf
sfo{qmd ;d]t k]z ug'{kg]{ 5 . o;/L k]z ul/Psf] k|:tfljt of]hgf jf sfo{qmddf o; a}+sn] tf]s]sf] cjlwleq
k'FhLsf]if sfod ul/;Sg' kg]{ u/L ;DjlGwt Ohfhtkqk|fKt ;+:yfnfO{ lgb]{zg lbg ;Sg]5 . k'FhLsf]if kof{Kt
gePsf] cj:yfdf nfef+z tyf jf]g; z]o/ ljt/0f ug{ kfOg] 5}g .
!)= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] Go"gtd k'FhLsf]if ;DaGwL O=k|f lgb]{zg g+=
!÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;}
ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd eP
u/]sf] dflgg]5 .

4
lgb]{zg kmf=g+= !=!

k'FhLsf]if tflnsf
-?=xhf/df_
ljj/0f rfn" cjlw ut cjlw
-s_ k|fylds k'FhL
!_ r'Qmf k'FhL -;fwf/0f z]o/_
@_ k|:tfljt jf]g; z]o/
#_ z]o/ lk|ldod
$_ lkmtf{ gx'g] cu|flwsf/ z]o/
%_ ;fwf/0f hu]8f sf]if
^_ ;l~rt gfkmf÷-gf]S;fg_
&_ jf;nftdf b]vfO{Psf] rfn' cf=j=sf] gfkmf–gf]S;fg lx;fjsf] /sd
*_ k'FhL lkmtf{ hu]8f sf]if
(_ k'FhL ;dfof]hg sf]if
!)_ cGo :jtGq sf]ifx?
36fpg]M
— Voflt (Goodwill) jfktsf] /sd
— ;LdfeGbf a9L nufgL ul/Psf] /sd
— ljQLo :jfy{ /x]sf] sDkgLsf] lwtf]kqdf nufgL u/]sf] /sd
— cjf:tljs ;DklQ
— o; a}+ssf] lgb]{zg kfngf gu/L l:y/ ;DklQ vl/b u/]sf] /sd -olb 5 eg]_
— k|rlnt P]g tyf sfg'gn] k|ltaGw u/]sf JolQm tyf ;d"xx?nfO{ k|bfg u/]sf]]
shf{ tyf ;'ljwfx?
-v_ k"/s k'FhL
!_ c;n shf{sf] nflu u/]sf] shf{ gf]S;fgL Joj:yf
@_ cltl/Qm shf{ gf]S;fgL Joj:yf
#_ xfOla|8 k'FhL pks/0fx?
$_ ;'/If0f g/fv]sf] ;xfos cfjlws C0f
%_ ;6xL ;lds/0f sf]if
^_ ;DklQ k"gd"{NofÍg sf]if
&_ nufgL ;dfof]hg sf]if
-u_ hDdf k'FhLsf]if -s±v_
-3_ hf]lvd efl/t ;DklQsf] cfwf/df sfod ug'{kg]{ Go"gtd k'FhLsf]if
k'FhLsf]if - ================= k|ltzt_
k|fylds k'FhL -=================== k|ltzt_
k'FhLsf]if -clws÷Go"g_ - ================= k|ltztn]_
k|fylds k'FhL -clws÷Go"g_ - ================= k|ltztn]_

ldlt clws[t b:tvt

5
lgb]{zg kmf=g+= !=@
hf]lvd efl/t ;DklQ laj/0f tflnsf
-¿=xhf/df_
rfn' cjlw ut cjlw
-s_ jf;nft leqsf ;DklQx? (On-Balance-Sheet Assets) ef/
/sd hf]lvd efl/t
;DklQ
/sd
hf]lvd efl/t
;DklQ
gub df}Hbft 0
;'g -ljlgdo of]Uo_ 0
g]kfn /fi6« a}+sdf /x]sf] df}Hbft 0
g]kfn ;/sf/sf] C0fkqdf u/]sf]] nufgL 0
g]kfn /fi6« a}+s C0fkqdf u/]sf]] nufgL 0
cfˆg} d'2tL /;Lbsf] lwtf]df k"0f{ ;'/lIft x'g]u/L k|bfg u/]sf]] d'2tL /;Lb 0
lwtf] shf{
;/sf/L C0f kqsf] lwtf]df k"0f{ ;'/lIft x'g] u/L k|bfg u/]sf]] shf{ 0
art kqsf] kfpg' kg]{ Jofh /sd (Accrued Interest) 0
ljkGg ju{ shf{ cGtu{t u0fgf x'g] o'jf tyf ;fgf Joj;foL :j/f]huf/ 0
sf]ifdf ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] hDdf u/]sf] /sd
:jb]zL a}+s tyf ljQLo ;+:yfx?df /x]sf] df}Hbft÷d'2tL /l;bsf] bfjL 20
(Claims)
cGo a}+s tyf ljQLo ;+:yfx?sf] d'2tL /l;bsf] lwtf]df k"0f{ ;'/lIft x'g] u/L 20
k|bfg u/]sf]] d'2tL /l;b lwtf] shf{
ljb]zL a}+sx?df /x]sf] df}Hbft 20
dfu]sf] avt k|fKt x'g] /sd (Money at Call) 20
cGt/f{li6«o >]0fLs[t (Rated) Ohfhtkqk|fKt ;+:yfsf] Uof/]06Ldf uPsf] shf{ 20
cGt/f{li6«o >]0fLs[t (Rated) a}+sdf u/]sf] cGo nufgL 20
cGt/ a}+s ;fk6L 20
z]o/, l8j]~r/ Pj+ a08df ePsf] nufgL 100
cGo nufgLx? 100
shf{, ;fk6 tyf ljN; v/Lb÷l8:sfp06 ;d]t 100
l:y/ ;DklQx? 100
Kffpg' kg]{ cGo v'b Jofh /sd 100
cGo ;a} ;DklQx? -v'b cu|Ld s/ bflvnf jfx]s_ 100
-s_ hDdf
-v_ jf;nft aflx/sf sf/f]jf/x? (Off-balance sheet Items)
laN; sn]S;g )
clu|d ljb]zL ljlgdo ;Demf}tf !)
^ dlxgfeGbf sd cjlwsf] k|ltt–kq -k"/} /sd_ @)
cGt//fli6«o >]0fLs[t (Rated) ljb]zL Ohfhtkqk|fKt ;+:yfsf] sfp06/ @)
Uof/]06Ldf hf/L u/]sf]] Uof/]06L
^ dlxgfeGbf a9L cjlwsf] k|ltt–kq -k"/} /sd_ %)
lj8a08, k/km/d]G; a08 / k|Tofe"lt (Underwriting) ;DjGwL k|ltj4tf %)
k'gM v/Lb ug]{ zt{df laqmL u/]sf]] shf{ %)
clu|d e'QmfgL Uof/]06L (Advance payment Guarantee) !))
ljQLo tyf cGo hdfgt (Financial and other Guarantee) !))
ckl/jTo{ shf{ k|lta4tf (Irrevocable Loan Commitment) !))
cfos/ jfkt ;Defljt bfloTj !))
Acceptance ;lxt cGo ;j} k|sf/sf ;Defljt bfloTjx? !))
-v_ hDdf
s'n hf]lvd efl/t ;DklQ hDdf -s_ + -v_
b|i6JoM != pNn]lvt zLif{sx?dWo] Ohfhtkqk|fKt ;+:yfn] cfkm";Fu ;DjlGwt jf cfkm"n] ug{ kfpg] ljQLo sf/f]jf/x?;Fu
;DjlGwt zLif{sx? dfq k|of]udf Nofpg'kg]{ 5 .
@= cGt/f{li6«o >]0fLs[t cGtu{t Top Thousand World Banks sf] ;"rLdf gk/]sf] v08df zt k|ltzt hf]lvd ef/
sfod ug'{kg]{ 5 .
ldlt clws[t b:tvt

6
cg';"rL g+= !=!
Capital Adequacy Framework
2007
(updated July 2008)

1. INTRODUCTION

1.1 BACKGROUND:
Prior to 1988, there was no uniform international regulatory standard for setting bank capital
requirements. In 1988, the Basel Committee on Banking Supervision (BCBS)1 developed the Capital
Accord, which is known as Basel I, to align the capital adequacy requirements applicable especially to
banks in G-10 countries. Basel I introduced two key concepts. First, it defined what banks could hold as
capital, as well as designating capital as Tier 1 or Tier 2 according to its loss-absorbing or creditor-
protecting characteristics. The second key concept introduced in Basel I was that capital should be held
by banks in relation to the risks that they face. The major risks faced by banks relate to the assets held on
balance sheet. Thus, Basel I calculated banks’ minimum capital requirements as a percentage of assets,
which are adjusted in accordance to their riskiness and assigning risk weights to assets. Higher weights
are assigned to riskier assets such as corporate loans, and lower weights are assigned to less risky
assets, such as exposures to government.
The BCBS released the "International Convergence of Capital Measurements and Capital Standards:
Revised Framework", popularly known as Basel II, on June 26, 2004. This framework was updated in
November 2005 and a comprehensive version of the framework was issued in June 2006. Basel II builds
significantly on Basel I by increasing the sensitivity of capital to key bank risks. In addition, Basel II
recognizes that banks can face a multitude of risks, ranging from the traditional risks associated with
financial intermediation to the day-to-day risks of operating a business as well as the risks associated
with the ups and downs of the local and international economies. As a result, the new framework more
explicitly associates capital requirements with the particular categories of major risks that banks face.
The new capital framework also recognizes that large, usually internationally active banks have already
put in place sophisticated approaches to risk measurement and management based on statistical
inference rather than judgement alone. Thus, the framework allows banks, under certain conditions, to
use their own ‘internal’ models and techniques to measure the key risks that they face, the probability of
loss, and the capital required to meet those losses. In developing the new framework, the Basel
Committee wanted to incorporate many elements that help promote a sound and efficient financial
system over and above the setting of minimum capital requirements. With this in mind, the Basel II
framework incorporates three complementary ‘pillars’ that draw on the range of approaches to help
ensure that banks are adequately capitalised in commensurate with their risk profile.
The Basel Committees on Banking Supervision's (BCBS) recommendations on capital accord are
important guiding framework for the regulatory capital requirement to the banking industry all over the
world and Nepal is no exception. Realizing the significance of capital for ensuring the safety and
soundness of the banks and the banking system, at large, Nepal Rastra Bank (NRB) has developed and
enforced capital adequacy requirement based on international practices with appropriate level of
customization based on domestic state of market developments. The existing regulatory capital is largely
based on the Basel committee's 1988 recommendations.
With a view of adopting the international best practices, NRB has already expressed its intention to adopt
the Basel II framework, albeit in a simplified form. In line with the international development and thorough
discussion with the stakeholders, evaluation and assessment of impact studies at various phases, this
framework has been drafted. This framework provides the guidelines for the implementation of Basel II
framework in Nepal. Reminiscent of the International convergence of capital measurements and capital
standards, this framework also builds around three mutually reinforcing pillars, viz. minimum capital
requirements, supervisory review process and disclosure requirements.

1
The Basel Committee on Banking Supervision is a committee of banking supervisory authorities that was established by
the central bank governors of the Group of Ten countries in 1975. It consists of senior representatives of bank supervisory
authorities and central banks from Belgium, Canada, France, Germany, Italy, Japan, Luxembourg, the Netherlands,
Spain, Sweden, Switzerland, the United Kingdom, and the United States. It usually meets at the Bank for International
Settlements in Basel, Switzerland where its permanent Secretariat is located.

7
1.2 OBJECTIVE:
The main objective of this framework is to develop safe and sound financial system by way of sufficient
amount of qualitative capital and risk management practices. This framework is intended to ensure that
each commercial banks maintain a level of capital which,
(i) is adequate to protect its depositors and creditors.
(ii) is commensurate with the risk associated activities and profile of the commercial bank.
(iii) promotes public confidence in the banking system.
1.3 PRE-REQUISITES:
The effective implementation of this framework is dependent on various factors. Some such pre-
requisites are:
(i) Implementation of Basel Core Principles for effective Banking Supervision
(ii) Adoption of the sound practices for the management of Operational Risk
(iii) Formulation and adoption of comprehensive risk management policy
(iv) Adherence to high degree of corporate governance
1.4 RESPONSIBILITY:
The board of directors of each bank shall be responsible for establishing and maintaining, at all times, an
adequate level of capital. The capital standards herein are the minimum that is acceptable for banks that
are fundamentally sound, well managed, and which have no material financial or operational
weaknesses. Thus, the banks are generally expected to operate above the limits prescribed by this
framework.
1.5 SCOPE OF APPLICATION:
This framework shall be applicable to all "A" Class financial institutions licensed to conduct banking
business in Nepal under the Bank and Financial Institution Act, 2063.
This capital adequacy framework shall be applicable uniformly to all "A" class financial institutions on a
stand-alone basis and as well as on a consolidated basis, where the bank is member of a consolidated
banking group. For the purpose of capital adequacy, the consolidated bank means a group of financial
entities, parent or holding company of which a bank is a subsidiary. All banking and other relevant
financial activities (both regulated and unregulated) conducted within a group including a bank shall be
captured through consolidation. Thus, majority owned or controlled financial entities should be fully
consolidated. If any majority owned subsidiaries institutions are not consolidated for capital purposes, all
equity and other regulatory capital investments in those entities attributable to the group will be deducted
and the assets and liabilities, as well as third party capital investments in the subsidiary will be removed
from the bank’s balance sheet for capital adequacy purposes.
1.6 APPROACHES TO IMPLEMENTATION:
"International Convergence for Capital Measurements and Capital Standards: Revised Framework" alias
Basel II under Pillar 1, provides three distinct approaches for computing capital requirements for credit
risk and three other approaches for computing capital requirements for operational risk. These
approaches for credit and operational risks are based on increasing risk sensitivity and allow banks to
select an approach that is most appropriate to the stage of development of bank's operations.
The product and services offered by the Nepalese Banks are still largely primitive and conventional, in
comparison to other economies. This coupled with the various inherent limitations of our system like the
absence of credit rating agencies makes the advanced approaches like Internal Ratings Based Approach
or even Standardized Approach impractical and unfeasible. Thus, at this juncture, this framework
prescribes Simplified Standardized Approach (SSA) to measure credit risk while Basic Indicator Approach
and an indigenous Net Open Position Approach for measurement of Operational Risk and Market Risk
respectively.
1.7 EFFECTIVE DATE:
All banks within the scope of this framework should adopt the prescribed approaches by Mid July 2008
(Fiscal Year 2065/066).
1.8 PARALLEL RUN:
In order to ensure a smooth transition to new approach prescribed by this framework, a parallel run for
the whole year from Mid July 2007 (Fiscal Year 2064/065) was conducted. The returns submitted by the
banks during this period was minutely reviewed to identify any anomalies. The identified shortcoming on
the returns was advised to the bank management so that they could be rectified before we move onto full
fledged implementation. Based on the findings of the parallel run, amendments and modifications have
been incorporated in the framework wherever deemed necessary.

8
1.9 IMPLEMENTATION OF ADVANCED APPROACHES:
This framework prescribes the most simplest of the available approaches at the initial phase with a vision
to move onto more complex and risk sensitive approaches as the market gradually gains maturity.
However, banks willing to adopt advanced approaches, even for internal purposes, should obtain prior
written approval from Nepal Rastra Bank on providing evidences that they have the resource and the
capability to adopt the proposed approaches.
A bank will not be allowed to choose to revert to a simpler approach once it has been approved for a
more advanced approach without supervisory approval. However, if a supervisor determines that a bank
using a more advanced approach no longer meets the qualifying criteria for advanced approach, it may
allow the bank to revert to a simpler approach for some or all of its operations, until it meets the
conditions specified by the supervisor for returning to a more advanced approach.

2. ELIGIBLE CAPITAL FUNDS


2.1 DEFINITION OF CAPITAL:
Qualifying capital consists of Tier 1 (core) capital and Tier 2 (supplementary) capital elements, net of
required deductions from capital. Thus, for the purpose of calculation of regulatory capital, banks are
required to classify their capital into two parts as follows;
a Core Capital (Tier 1)
The key element of capital on which the main emphasis should be placed is the Tier 1 (core) capital,
which comprises of equity capital and disclosed reserves. This key element of capital is the basis on
which most market judgments of capital adequacy are made; and it has a crucial bearing on profit
margins and a bank's ability to compete.
The BCBS has therefore concluded that capital, for supervisory purposes, should be defined in two
tiers in a way, which will have the effect of requiring at least 50% of a bank's capital base to consist of
a core element comprised of equity capital and published reserves from post-tax retained earnings.
In order to rank as Tier 1, capital must be fully paid up, have no fixed servicing or dividend costs
attached to it and be freely available to absorb losses ahead of general creditors. Capital also needs
to have a very high degree of permanence if it is to be treated as Tier 1.
b. Supplementary Capital (Tier 2)
The Supplementary (Tier 2) Capital includes reserves which, though unpublished, have been passed
through the profit and loss account and all other capital instruments eligible and acceptable for capital
purposes. Elements of the Tier 2 capital will be reckoned as capital funds up to a maximum of 100
percent of Tier 1 capital arrived at, after making adjustments referred to in 2.4. In case, where the Tier
1 capital of a bank is negative, the Tier 2 capital for regulatory purposes shall be considered as zero
and hence the capital fund, in such cases, shall be equal to the core capital.
2.2 ELEMENTS OF TIER 1 CAPITAL:
a. Paid up Equity Capital.
b. Irredeemable non-cumulative preference shares which are fully paid-up and with the capacity to absorb
unexpected losses. These instruments should not contain any clauses whatsoever, which permit
redemption by the holder or issuer upon fulfillment of certain condition. Banks should obtain prior
approval of NRB for this kind of instruments to qualify as a component of core capital.
c. Share Premium
d. Proposed Bonus Equity Share
e. Statutory General Reserve.
f. Retained Earnings available for distribution to shareholders.
g. Un-audited current year cumulative profit, after all provisions including staff bonus and taxes. Where
such provisions are not made, this amount shall not qualify as Tier 1 capital.
h. Capital Redemption Reserves created in lieu of redeemable instruments.
i. Capital Adjustment reserves created in respect of increasing the capital base of the bank.
j. Dividend Equalization Reserves.
k. Any other type of reserves notified by NRB from time to time for inclusion in Tier 1 capital
2.3 ELEMENTS OF TIER 2 CAPITAL:
a. Cumulative and/or redeemable preference shares with maturity of five years and above.
b. Subordinated term debt fully paid up with a maturity of more than 5 years; unsecured and
subordinated to the claim of other creditors, free of restrictive clauses and not redeemable before
9
maturity. Since, subordinated term debt is not normally available to participate in the losses; the
amount eligible for inclusion in the capital adequacy calculations is limited to 50% of core capital.
Moreover, to reflect the diminishing value of these instruments as a continuing source of strength, a
cumulative discount (amortization) factor of 20% per annum shall be applied for capital adequacy
computations, during the last 5 years to maturity. The banks should obtain written approval of NRB
for including any subordinated debt instruments (like Debenture/Bonds) in supplementary (Tier-2)
capital.
c. Hybrid capital instruments. Those instruments which combine certain characteristics of debt and
certain characteristics of equity. Each such instrument has a particular feature, which can be
considered to affect its quality as capital. Where these instruments have close similarities to equity, in
particular when they are able to support losses on an ongoing basis without triggering liquidation,
they may be included in Tier 2 capital with approval from Nepal Rastra Bank.
d. General loan loss provision limited to a maximum of 1.25% of total Risk Weighted Exposures.
General loan loss provision refers to the provisions created in respect of Pass Loans only and it does
not include provisions of rescheduled/restructured and classified loans. The additional loan loss
provisions created in respect of Personal Guarantee loans and loans in excess of Single Obligor
Limits are specific provisions and hence cannot be included under this category. Such provisions
however can be deducted from the gross exposures while calculating risk weighted exposures for
credit risk.
However, provisions created in excess of the regulatory requirements or provisions which is not
attributable to identifiable losses in any specific loans shall be allowed to be included in the General
Loan Loss Provision and shall be eligible for Tier II capital subject to a maximum of 1.25% of total risk
weighted exposures.
e. Exchange equalization reserves created by banks as a cushion for unexpected losses arising out of
adverse movements in foreign currencies.
f. Investment adjustment reserves created as a cushion for adverse price movements in bank's
investments falling under “Available for Sale” category.
g. Revaluation reserves often serve as a cushion against unexpected losses but may not be fully
available to absorb unexpected losses due to the subsequent deterioration in market values and tax
consequences of revaluation. Therefore, revaluation reserves will be eligible up to 50% for treatment
as Tier 2 capital and limited to a maximum of 2% of total Tier 2 capital subject to the condition that
the reasonableness of the revalued amount is duly certified by the internal auditor of the bank.
h. Any other type of reserves notified by NRB from time to time for inclusion in Tier 2 capital
2.4 DEDUCTIONS FROM CORE (TIER 1) CAPITAL:
Banks shall be required to deduct the following from the Tier 1 capital for capital adequacy purposes. The
claims that have been deducted from core capital shall be exempt from risk weights for the measurement
of credit risk.
a. Book value of goodwill.
b. Miscellaneous expenditure to the extent not written off. e.g. VRS expense, preliminary expense,
share issue expense, deferred revenue expenditure, etc. However, software expenditure or software
development expenditure, research and development expenditure, patents, copyrights, trademarks
and lease hold developments booked as deferred revenue expenditure are subject to 100% risk
weight and may not be deducted from Tier 1 capital.
c. Investment in equity of financial institutions licensed by Nepal Rastra Bank2.
d. All Investments in equity of institutions with financial interest.
e. Investments in equity of institutions in excess of the prescribed limits.
f. Investments arising out of underwriting commitments that have not been disposed within a year from
the date of commitment.
g. Reciprocal crossholdings of bank capital artificially designed to inflate the capital position of the bank.
h. Any other items as stipulated by Nepal Rastra Bank, from time to time.
2.5 CAPITAL FUNDS:
The capital fund is the summation of Tier 1 and Tier 2 capital. The sum total of the different components
of the tier 2 capitals will be limited to the sum total of the various components of the Tier 1 capital net of
deductions as specified in 2.4. In case the Tier 1 capital is negative, Tier 2 capital shall be considered to

2 Investment in shares of Rural Development Banks and other institutions, where the waiver has been explicitly provided
by NRB are subject to risk weight of 100% and shall not be deducted from Tier 1 capital.
10
be "Nil" for regulatory capital adequacy purposes and hence, in such a situation, the capital fund shall be
equal to the Tier 1 capital.
2.6 MINIMUM CAPITAL REQUIREMENTS:
Unless a higher minimum ratio has been set by Nepal Rastra Bank for an individual bank through a
review process, every bank shall maintain at all times, the capital requirement set out below:
a. A Tier 1 (core) capital of not less than 6 per cent of total risk weighted exposure;
b. A total capital fund of not less than 10 per cent of its total risk weighted exposure.
The Capital Adequacy Ratio (CAR) is calculated by dividing eligible regulatory capital by total risk
weighted exposure. The total risk weighted exposure shall comprise of risk weights calculated in respect
of bank's credit, operational and market risks. The methodologies to calculate RWE for each of these risk
categories are described in detail in subsequent chapters.

3. CREDIT RISK
3.1 GENERAL:
Credit risk is the major risk that banks are exposed to during the normal course of lending and credit
underwriting. Within Basel II, there are two approaches for credit risk measurement: the standardized
approach and the internal ratings based (IRB) approach. Due to various inherent constraints of the
Nepalese banking system, the standardized approach in its simplified form, Simplified Standardized
Approach (SSA), has been prescribed in the initial phase.
3.2 SIMPLIFIED STANDARDIZED APPROACH (SSA):
In comparison to Basel I, SSA aligns regulatory capital requirements more closely with the key elements
of banking risk by introducing a wider differentiation of risk weights and a wider recognition of credit risk
mitigation techniques. The advantage of implementing this approach is twofold. This approach allows
transitional advantage for countries like us by avoiding excessive complexities associated with the
advanced approaches of Basel II while at the same time it will produce capital ratios more in line with the
actual economic risks that banks are facing, compared to the present Accord.
Under this approach commercial banks are required to assign a risk weight to their balance sheet and off-
balance sheet exposures. These risk weights are based on a fixed weight that is broadly aligned with the
likelihood of a counterparty default. As a general rule, the claims that have already been deducted from
the core capital shall be exempt from risk weights for the measurement of credit risk.
Claims on foreign government, their central banks as well as foreign corporates shall be generally risk-
weighed on the basis of the consensus country risk scores of export credit agencies (ECA)3. Wherever
there are claims relating to unrated countries, they shall generally be risk weighed at 100 percent.
However, these claim shall be subject to supervisory review and higher risk weight shall be assigned
where the review process deems appropriate.
All kinds of claims including loans & advances as well as investments shall be risk weighed net of specific
provisions. Generally provision related to any receivable or investment is not defined as general or
specific. In such situation, the total provision against any claim/exposure (other than the loans and
advances) shall be considered as specific provision. However, provisions eligible for the supplementary
capital shall not be allowed for netting while calculating risk weighted exposures.
In case of loans, advances and bills purchased the provisions created in lieu of Pass loans only are
classified as General loan loss provision. All other provisions are components of specific loan loss
provision. Hence, general loan loss provision doesn’t comprise provisions created in respect of
rescheduled/restructured and non performing loans. It also doesn’t include additional provisions created
for personal guarantee loans or lending in excess of Single Obligor Limits. However, provisions created in
excess of the regulatory requirements and not attributable to identifiable losses in any specific loans shall
be allowed to be included in the General Loan Loss Provision.
In order to be consistent with the Basel-II framework, the credit risk for the regulatory capital purpose shall
be computed by segregating the exposure in the following 11 categories.
a) Claims on government & central bank
b) Claims on other official entities
c) Claims on banks

3 The consensus country risk classification is available on the OECD’s website (http://www.oecd.org) in the Export Credit
Arrangement web page of the Trade Directorate. Each bank while computing the risk weight in any claim should use the
updated risk score.
11
d) Claims on corporate & securities firms
e) Claims on regulatory retail portfolio
f) Claims secured by residential properties
g) Claims secured by commercial real state
h) Past due claims
i) High risk claims
j) Other assets
k) Off balance sheet items
3.3 RISK MEASUREMENT AND RISK WEIGHTS:
a. Claims on government & central bank
1. All claims on Government of Nepal and Nepal Rastra Bank shall be risk weighed at 0 %.
2. Claims on foreign government and their central banks shall be risk-weighted on the basis of the consensus country
risk scores as follows:
ECA risk scores 0-1 2 3 4 to 6 7
Risk weights 0% 20% 50% 100% 150%
b. Claims on other official entities
3. Claims on the Bank for International Settlements, the International Monetary Fund, the European
Central Bank and the European Community will receive a 0% risk weight.
4. Following Multilateral Development Banks (MDBs) will be eligible for a 0% risk weight.
• World Bank Group, comprised of the International Bank for Reconstruction and Development
(IBRD) and the International Finance Corporation (IFC),
• Asian Development Bank (ADB),
• African Development Bank (AfDB),
• European Bank for Reconstruction and Development (EBRD),
• Inter-American Development Bank (IADB),
• European Investment Bank (EIB),
• European Investment Fund (EIF),
• Nordic Investment Bank (NIB),
• Caribbean Development Bank (CDB),
• Islamic Development Bank (IDB), and
• Council of Europe Development Bank (CEDB).
5. The standard risk weight for claims on other Multilateral Development Banks will be 100%.
6. Claims on public sector entities (PSEs)4 will be risk-weighed as per the ECA country risk scores.
ECA risk scores 0-1 2 3 to 6 7
Risk weights 20% 50% 100% 150%
c. Claims on banks
7. All claims, irrespective of currency, excluding investment in equity shares and other instruments
eligible for capital funds, on domestic banks/financial institutions that fulfill Capital Adequacy
Requirements will be risk weighed at 20% while for the rest, it will be 100%.
Banks should make use of the publicly available information of the immediately preceding quarter
of the respective banks to gauge their status on capital adequacy.
8. Claims on a foreign bank excluding investment in equity shares and other instruments eligible for
capital funds shall be risk weighed as per the ECA Country risk score subject to the floor of 20%.
The primary basis for applying the ECA Country Risk score shall be the country of incorporation of
the bank. Where the bank is a branch office, the ECA score of the country where the corporate
office is located shall be used while in the case of a subsidiary the basis shall be the country where
the subsidiary is incorporated.
ECA risk scores 0-1 2 3 to 6 7
Risk weights 20% 50% 100% 150%

4
Public sector entity (PSE) is one, which is owned or controlled by government or any other entity categorized as PSE
by NRB.
12
However, the claims on foreign banks incorporated in the SAARC region and which operate with a
buffer of 1% above their respective regulatory minimum capital requirements may be risk weighed
at 20%. The banks shall be responsible to submit the latest capital adequacy position of such
banks and demonstrate that they fulfill the eligibility requirements. Such capital adequacy position
submitted by the banks should not be prior to more than one financial year. Moreover, such claims
shall be subject to a supervisory review and supervisors may require the bank to risk weigh the
claims on ECA country risk scores where the review process deems necessary.
d. Claims on corporate & securities firms
9. The risk weight for claims on domestic corporates, including claims on insurance companies and
securities firm will be 100%. The domestic corporates includes all firms and companies
incorporated in Nepal as per prevailing Acts and regulations.
10. The claims on foreign corporate shall be risk weighed as per the ECA Country risk score subject to
the floor of 20% as follows:
ECA risk scores 0-1 2 3 4 to 6 7
Risk weights 20% 50% 100% 100% 150%
e. Claims on regulatory retail portfolio
11. Claims5 that qualify all criteria listed below may be considered as regulatory retail portfolio and risk
weighed at 75%, except for past due loans. Such claims however, have to be in strict compliance
with the Product paper developed by the bank and approved by their respective board of directors
Criteria:
• Orientation criteria :- exposure is to an individual person or persons or to a small business.
Bank should obtain written declaration from the borrower to the effect that their indebtedness is
within the threshold across all banks and FIs..
• Product criteria :- The exposure takes the form of any of the following:
− Revolving credits and lines of credit, (including overdraft, hypothecation etc.)
− Term loans and leases (e.g. hire purchase, auto loans and leases, student and educational
loans6) and,
− Small business facilities and commitments,
− Deprived sector loans upto a threshold of Rs.10 million (Ten Million only)
• Granularity criteria :- NRB must be satisfied that the regulatory retail portfolio is sufficiently
diversified to a degree that reduces the risks in the portfolio, warranting the 75% risk weight. No
aggregate exposure7 to one counterpart can exceed 0.5 % of the overall regulatory retail
portfolio.
• Low value individual criteria :- The total aggregated exposure to one counterpart8 cannot
exceed an absolute threshold of Rs.10 million (Nepalese Rupees Ten Million only)
12. Banks which have claims that fulfill all criterion except for granularity may risk weigh those claims at
100%
f. Claims secured by residential properties
13. Lending to individuals meant for acquiring or developing residential property which are fully secured
by mortgages on residential property, that is or will be occupied by the borrower or that is rented,
will be risk-weighed at 60%. However, banks should ensure the existence of adequate margin of
security over the amount of loan based on strict valuation rules.
Banks have to develop product paper and get it approved from the board of directors to regulate
this kind of lending. The claims in order to be eligible for this category have to be in strict
compliance with this product paper
14. Where the loan is not fully secured, such claims have to risk weighed at 150%
15. When claims secured by residential properties are or have been past due9 at any point of time
during the last two years, they shall be risk-weighed at 100%, net of specific provisions.

5
Lending against securities (such as equities and bonds) whether listed or not, are specifically excluded from this
category. Likewise credit card receivables are excluded from this category.
6
Personal finance includes overseas employment loan, home loan (to the extent they do not qualify for treatment as
claims secured by residential property), direct deprived sector loan.
7
Aggregated exposure means gross amount (i.e. not taking any credit risk mitigation into account) of all forms of credit
exposures availed from the bank .
8
Counterpart refers to one or a group of borrowers defined by the NRB directives as a single obligor.
9
An exposure is past due if it falls into any other category other than Pass loan as per provisions of NRB directive on
Loan classification.
13
g. Claims secured by commercial real estate
16. Claims secured by mortgages on commercial real estate, except past due, shall be risk-weighed at
100%. Commercial real estate hereby refers to mortgage of Office buildings, retail space, multi-
purpose commercial premises, multi-family residential buildings, multi-tenanted commercial
premises, industrial or warehouse space, hotels, land acquisition, development and construction
etc.
h. Past due claims
17. Any loan, except for claim secured by residential property, which is or has been past due at any
point of time during the last two years, will be risk-weighed at 150% net of specific provision.
i. High risk claims
18. 150% risk weight shall be applied for venture capital and private equity investments.
19. Exposures on Personal loan in excess of the threshold of regulatory retail portfolio and lending
against securities (bonds and shares) shall attract a risk weight of 150%. Similarly, exposures on
credit card shall also warrant a risk weight of 150%.
20. Investments in the equity and other capital instruments of institutions, which are not listed in the
stock exchange and have not been deducted from Tier 1 capital, shall be risk weighed at 150% net
of provisions.
21. Investments in the equity and other capital instruments of institutions, which are listed in the stock
exchange and have not been deducted from Tier 1 capital, shall be risk weighed at 100% net of
provisions.
22. The claims which are not fully secured or are only backed up by personal guarantee shall attract
150% risk weight.
23. Where loan cannot be segregated/or identified as regulatory retail portfolio or qualifying residential
mortgage loan or under other categories, it shall be risk weighed at 150%.
j. Other assets
23. With regard to other assets, following provisions have been made;
• Interest receivable/claim on government securities will be risk-weighed at 0%.
• Investments in equity or regulatory capital instruments issued by securities firms will be risk-
weighed at 100%.
• Cash in transit and other cash items in the process of collection will be risk-weighed at 20%.
For this purpose, cash items shall include Cheque, Draft, and Travellers Cheques.
• Fictitious assets that have not been deducted from Tier 1 capital shall be risk weighed at 100%.
• All Other assets will be risk-weighed at 100% net of specific provision.
k. Off balance sheet items
24. Off-balance sheet items under the simplified standardized approach will be converted into
equivalent risk weight exposure using risk weight as follows:
Off Balance Sheet Exposure Risk
Weight
Any commitments those are unconditionally cancelable at any time by the bank without 0%
prior notice, or that effectively provide for automatic cancellation due to deterioration in a
borrower’s creditworthiness (for example bills under collection)
Forward exchange contracts. 10%
Short Term Trade-related contingencies 20%
Contingent liabilities arising from trade-related obligations, which are secured against an
underlying shipment of goods for both issuing and confirming bank and are short term in
nature. This includes documentary letters of credit, shipping guarantees issued and any
other trade-related contingencies with an original maturity up to six months.
Undertaking to provide a commitment on an off-balance sheet items 20%
10
Unsettled securities and foreign exchange transactions between bank to bank and 20%
between bank and customer
Long Term Trade-related contingencies 50%
Contingent liabilities arising from trade-related obligations, which are secured against an
underlying shipment of goods for both issuing and confirming bank and are long term in
nature. This includes documentary letters of credit, shipping guarantees issued and any

10
An unsettled transaction is one where delivery of the instrument is due to take place against receipt of cash, but which
remain unsettled five business days after the due settlement date.

14
other trade-related contingencies with an original maturity of over six months
Performance-related contingencies 50%
Contingent liabilities, which involve an irrevocable obligation to pay a third party in the
event that counterparty fails to fulfill or perform a contractual non-monetary obligation,
such as delivery of goods by a specified date etc. This includes issue of performance
bonds, bid bonds, warranties, indemnities, underwriting commitments and standby letters
of credit in relation to a non-monetary obligation of counterparty under a particular
transaction.
Long term irrevocable Credit Commitments 50%
Any un-drawn portion of committed credit lines sanctioned for a period of more than 1
year. This shall include all unutilized limits in respect of revolving working capital loans
except for trade finance exposures e.g. Overdraft, Cash credit, working capital loan etc.
Short term irrevocable Credit Commitments 20%
Any un-drawn portion of committed credit lines sanctioned for a period of upto 1 year.
This shall include all unutilized limits in respect of revolving working capital loans except
for trade finance exposures e.g. Overdraft, Cash credit, working capital loan etc.
Repurchase agreements, securities lending, securities borrowing, reverse repurchase agreements 100%
and equivalent transactions
This includes sale and repurchase agreements and asset sales with recourse, where the
credit risk remains with the purchasing bank.
Direct credit substitutes 100%
Any irrevocable off-balance sheet obligations which carry the same credit risk as a direct
extension of credit, such as an undertaking to make a payment to a third party in the
event that a counterparty fails to meet a financial obligation or an undertaking to a
counterparty to acquire a potential claim on another party in the event of default by that
party, constitutes a direct credit substitute. This includes potential credit exposures
arising from the issue of financial guarantees and credit derivatives, confirmation of
letters of credit (acceptances and endorsements), issue of standby letters of credit
serving as financial guarantees for loans, securities and any other financial liabilities, and
bills endorsed under bill endorsement lines (but which are not accepted by, or have the
prior endorsement of, another bank).
Unpaid portion of partly paid shares and securities 100%
Other Contingent Liabilities 100%
3.4 CREDIT RISK MITIGATION:
Banks may use a number of techniques to mitigate the risks to which they are exposed. The prime
objective of this provision is to encourage the banks to manage credit risk in a prudent and effective
manner. As such, credit risks exposures may be collateralized11 in whole or in part with cash or securities,
or a loan exposure may be guaranteed by a third party. Where these various techniques meet the
minimum conditions mentioned below, banks which take eligible financial collateral are allowed to reduce
their credit exposure to counterparty when calculating their capital requirements to take account of the
risk mitigating effect of the collateral. However, credit risk mitigation is allowed only on an account by
account basis, even within regulatory retail portfolio.
As a general rule, no secured claim should receive a higher capital requirement than an otherwise
identical claim on which there is no collateral. Similarly, the effects of the CRM shall not be double
counted and capital requirement will be applied to banks on either side of the collateralized transaction:
for example, both repos and reverse repos will be subject to capital requirements.
Those portions of claims collateralized by the market value of recognized collateral receive the risk weight
applicable to the collateral instrument. The remainder of the claim should be assigned the risk weight
appropriate to the counter party.
Where the same security has been pledged for both the funded and non funded facilities, banks should
clearly demarcate the value of security held for funded and non funded facility. In cases where the bank
has obtained same security for various forms of facilities; banks are eligible to claim the CRM benefit
across all such exposures upto the eligible value of CRM.
a. Minimum conditions for eligibility:

11
A collate ralized transaction is one in which: a) banks have a credit exposure or potential credit exposure; and b) that
credit exposures or potential credit exposure is hedged in whole or in part by collateral posted by the counter party or
by a third party on behalf of the counter party.
15
In order to obtain capital relief towards credit risk mitigation, there are certain basic condition that
needs to be fulfilled. Supervisors will monitor the extent to which banks satisfy these conditions, both
at the outset of a collateralized transaction and on an on-going basis.
1. Legal certainty:- Collateral is effective only if the legal mechanism by which collateral is given is
robust and ensures that the lender has clear rights over the collateral to liquidate or retain it in the
event of default. Thus, banks must take all necessary steps to fulfill local contractual
requirements in respect of the enforceability of security interest. The collateral arrangements
must be properly documented, with a clear and robust procedure for the timely liquidation of
collateral. A bank's procedures should ensure that any legal conditions required for declaring the
default of the customer and liquidating the collateral are observed. Where the collateral is held by
a custodian, the bank must seek to ensure that the custodian ensures adequate segregation of
the collateral instruments and the custodian's own assets. Besides that, banks must obtain legal
opinions confirming the enforceability of the collateral arrangements in all relevant jurisdictions.
2. Low correlation with exposure:- In order for collateral to provide protection, the credit quality of
the obligor and the value of the collateral must not have a material positive correlation. For
example, securities issued by the collateral provider - or by any related group entity - would
provide little protection and so would be ineligible.
3. Maturity Mismatch:- The maturity of the underlying exposure and the maturity of the hedge should
both be defined conservatively. The effective maturity of the underlying should be gauged as the
longest possible remaining time before the obligor is scheduled to fulfill its obligation. The
collateral must be pledged for at least the life of the exposure. In case of mismatches in the
maturity of the underlying exposure and the collateral, it shall not be eligible for CRM benefits.
4. Currency Mismatch:- Ideally the currency of the underlying exposure and the collateral should be
the same. Where the credit exposure is denominated in a currency that differs from that in which
the underlying exposure is denominated, there is a currency mismatch. Where mismatches
occur, it shall be subject to supervisory haircut of 10%.
5. Risk Management:- While CRM reduces credit risk, it simultaneously may increase other risks to
which a bank is exposed, such as legal, operational, liquidity and market risks. Therefore, it is
imperative that banks employ robust procedures and processes to control these risks, including
strategy; consideration of the underlying credit; valuation; policies and procedures; systems;
control of roll-off risks; and management of concentration risk arising from the bank's use of CRM
techniques and its effect with the bank's overall credit profile. In case where these requirements
are not fulfilled, NRB may not recognize the benefit of CRM techniques.
6. Qualifying criteria for guarantee:- A guarantee (counter guarantee) to be eligible must represent a
direct claim on the protection provider and must be explicitly referenced to specific exposures or
a pool of exposures, so that the extent of the cover is clearly defined and irrefutable. Other than
non-payment by a protection purchaser of money due in respect of the credit protection contract it
must be irrevocable in that there must be no clause in the contract that would increase the
effective cost of cover as a result of deteriorating credit quality in the hedged exposure. It must
also be unconditional in that there should be no clause in the protection contract outside the
control of the bank that could prevent the protection provider from being obliged to pay out in a
timely manner in the event that the original counter party fails to make the payments due.
On the qualifying default or non-payment of the counter party, the bank may in a timely manner
pursue the guarantor for any monies outstanding under the documentation governing the
transaction. The guarantor may make one lump sum payment of all monies under such
documentation to the bank, or the guarantor may assume the future payment obligations of the
counter party covered by the guarantee. The bank must have the right to receive any such
payments from the guarantor without first having to take legal actions in order to pursue the
counter party payment.

b. Eligible Collaterals:
1. Cash deposit (as well as certificates of deposit or fixed deposits or other deposits) with the bank.
The banks may only claim these as CRM only if it has specific authority to recover the amount
from this source in case of default.
2. Fixed Deposit Receipts/Certificates of deposits/other deposits of other Banks and FIs, who fulfill
the capital adequacy requirements, subject to a 20% supervisory haircut.
3. Gold.
4. Securities issued by the Government of Nepal and Nepal Rastra Bank.
5. Guarantee of the Government of Nepal
6. Financial guarantee/counter guarantee of domestic banks and FIs who meet the minimum capital
adequacy requirements subject to a haircut of 20%.
16
7. Securities/Financial guarantee/Counter guarantee issued by sovereigns.
8. Securities/Financial guarantee/Counter guarantee issued by MDBs in the list specified in 3.3 b (3
& 4)
9. Securities/Financial guarantee/Counter guarantee issued by banks with ECA rating 2 or better.
The supervisory haircut shall be 20% and 50% for the banks with ECA rating of 0-1 and 2
respectively.
c. Methodology for using CRM:
Step 1: Identify the accounts eligible for capital relief under credit risk mitigation.
Step 2: Assess the value of the exposure and the eligible collateral. The value of the eligible collateral
is the lower of the face value of the instrument or the outstanding amount of exposure
Step 3: Adjust the value of the eligible collateral in respect of the supervisory haircut in terms of
currency mismatch and other eligibility requirements.
Step 4: Compare the adjusted value of the collateral with the outstanding exposure.
Step 5: The value of the eligible CRM is the lower of the adjusted value of the collateral and the
outstanding exposure.
Step 6: Plot the eligible CRM in the appropriate category of credit risk.
The sum total of net amount of eligible CRM as per “Form No.4 Exhibit of claims with eligible credit
risk mitigants” shall be consistent with the “Form No.3 Eligible Credit Risk Mitigants” prescribed in this
framework.

4. OPERATIONAL RISK
4.1 GENERAL:
Operational risk is the risk of loss resulting from inadequate internal processes, people, and systems, or
from external events. Operational risk itself is not a new concept, and well run banks have been
addressing it in their internal controls and corporate governance structures. However, applying an explicit
regulatory capital charge against operational risk is a relatively new and evolving idea. Basel II requires
banks to hold capital against the risk of unexpected loss that could arise from the failure of operational
systems.
The most important types of operational risk involve breakdowns in internal controls and corporate
governance. Such breakdowns can lead to financial losses through error, fraud, or failure to perform in a
timely manner or cause the interests of the bank to be compromised in some other way, for example, by
its dealers, lending officers or other staff exceeding their authority or conducting business in an unethical
or risky manner. Other aspects of operational risk include major failure of information technology systems
or events such as major fires or other disasters.
4.2 BASIC INDICATOR APPROACH:
Under the basic indicator approach, banks must hold capital for operational risk equal to the average over
the previous three years of a fixed percentage (denoted alpha) of positive annual gross income.
The capital charge for operational risk may be expressed as follows:
KBIA = [∑(GI1..n × α)]/N
where:
KBIA = capital charge under the Basic Indicator Approach
GI = annual gross income, where positive, over the previous three years
N = number of the previous three years for which gross income is positive
α = 15 percent.
NRB shall review the capital requirement produced by this approach for general credibility, especially in
relation to a bank's peers and in the event that credibility is lacking, appropriate supervisory action under
Review Process shall be considered.
Figures for the year, in which annual gross income is negative or zero, should be excluded from both the
numerator and denominator while calculating the average. In case where the gross income for all of the
last three years is negative, 5% of total credit and investments net of specific provisions shall be
considered as the capital charge for operational risk. For this purpose investments shall comprise of
money at call, placements, investment in government securities and other investments irrespective of
currency.
Similarly, in case of new banks who have not completed an year of operation and hence whose average
gross income cannot be measured reliably, they shall also be required to compute their capital charge for
17
operational risk vide the same approach as prescribed for banks with negative gross income. These
banks may use the gross income approach from second year onwards. But, based on the
reasonableness of the so computed capital charge for Operation Risk, during the first three years of
operation, review process may require additional proportion of capital charge if deemed necessary.
4.3 GROSS INCOME:
Gross income is defined as "net Interest Income" plus "non interest income". It is intended that this
measure should:
a. be gross of any provisions (e.g. for unpaid interest) and write-offs made during the year;
b. be gross of operating expenses, exclude reversal during the year in respect of provisions and write-
offs made during the previous year(s);
c. exclude income/gain recognized from the disposal of items of movable and immovable property;
d. exclude realized profits/losses from the sale of securities in the “held to maturity” category;
e. exclude other extraordinary or irregular items of income and expenditure
Thus, for the purpose of capital adequacy requirements, gross income shall be summation of:
a. Total operating income as disclosed in Profit and Loss account prepared as per NRB directive no.4.
The total operating income comprises of:
1. Net Interest Income
2. Commission and Discount Income
3. Other Operating Income
4. Exchange Fluctuation Income
b. Addition/deduction in the Interest Suspense during the period.
Banks shall use the annual audited financials of the last three years for the computation of gross income
under this approach. Hence, the capital requirement for operational risk for a whole financial year shall
remain constant. Until the accounts are finalized for the financial year, banks shall use the provisional
figures for the period, which should be validated by the internal auditor of the bank.
4.4 COMPUTATION OF RISK WEIGHT:
Operational risk-weighted assets are determined by multiplying the operational risk capital charge by 10
(i.e., the reciprocal of the minimum capital ratio of 10%) and adding together with the risk weighted
exposures for credit risk.

5. MARKET RISK

5.1 DEFINITION OF MARKET RISK:


Market risk is defined as the risk of losses in on-balance sheet and off-balance sheet positions arising
from adverse movements in market prices. The major constituents of market risks are:
a. The risks pertaining to interest rate related instruments;
b. Foreign exchange risk (including gold positions) throughout the bank; and
c. The risks pertaining to investment in equities and commodities.
5.2 SEGREGATION OF INVESTMENT PORTFOLIO:
Banks will have to segregate their investment portfolio into any of following three categories:
a. Held for Trading:
An investment that is made for the purpose of generating a profit from short term fluctuations in price
should be classified under this category. An asset should be classified as held for trading even if it is
a part of a portfolio of similar assets for which there is a pattern of trading for the purpose of
generating a profit from short term fluctuations in price. These investments should be marked to
market on a daily basis and differences reflected in the profit and loss account.
b. Held to Maturity:
The investments made with positive intent and ability of the bank to hold till maturity should be
classified as held to maturity investments. The bank does not have the positive intent to hold an
investment to maturity, if any of the following conditions are met:
1. Bank has the intent and the ability to hold the asset for only an undefined period; or
2. Bank stands ready to sell the asset (other than if a situation arises that is non-recurring and could
not have been reasonably anticipated) in response to changes in market interest rates or risks,

18
liquidity needs, changes in the availability of and the yield on alternative investments, changes in
financing sources and terms, or changes in foreign currency risk.
The held to maturity investments should be valued at amortised cost i.e. the cost price less any
impairments (if applicable). The impairments should be included in the profit and loss accounts for the
period.
c. Available for Sale:
All other investments that are neither "held for trading" nor "held to maturity" should be classified
under this category. These investments should be marked to market on a regular basis and the
difference to be adjusted through reserves. Banks are required to maintain Investment Adjustment
Reserve (eligible as Tier 2 capital) to the extent of 2% of available for sale portfolio.
5.3 NET OPEN POSITION APPROACH:
Out of the various components of market risk, foreign exchange risk is the predominant risk in our
country. The effects of other forms of market risk are minimal. Thus, a net open position approach has
been devised to measure the capital requirement for market risk. As evidenced by its name, this
approach only addresses the risk of loss arising out of adverse movements in exchange rates. This
approach will be consolidated over time to incorporate other forms of market risks as they start to gain
prominence.
The designated Net Open Position approach requires banks to allocate a fixed proportion of capital in
terms of its net open position. The banks should allocate 5 percentage of their net open positions as
capital charge for market risk.
5.4 NET OPEN POSITION:
Net open position is the difference between the assets and the liability in a currency. In other words, it is
the uncovered volume of asset or liability which is exposed to the changes in the exchange rates of
currencies. For capital adequacy requirements the net open position includes both net spot positions as
well as net forward positions.
For capital adequacy purposes, banks should calculate their net open position in the following manner:
a. Calculate the net open position in each of the foreign currencies.
b. Convert the net open positions in each currency to NPR as per prevalent exchange rates.
c. Aggregate the converted net open positions of all currencies, without paying attention to long or short
positions.
d. This aggregate shall be the net open position of the bank.
5.5 COMPUTATION OF RISK WEIGHT:
Risk-weighted assets in respect of market risk are determined by multiplying the capital charges by 10
(i.e., the reciprocal of the minimum capital ratio of 10%) and adding together with the risk weighted
exposures for credit risk.

6. REVIEW PROCESS
6.1 GENERAL:
The supervisory review process of the framework is intended not only to ensure that banks have
adequate capital to support all the risks in their business, but also to encourage banks to develop and use
better risk management techniques in monitoring and managing their risks. It is the responsibility of the
bank management in developing an internal capital assessment process and setting capital targets that
are commensurate with the bank’s risk profile and control environment beyond the core minimum
requirements.
Nepal Rastra Bank recognizes the significance of the relationship between the amount of capital held by
the bank against its risks and the strength and effectiveness of the bank’s risk management and internal
control processes. However, increased capital should not be viewed as the only option for addressing
increased risks confronting the bank. Other means for addressing risk, such as strengthening risk
management, applying internal limits, strengthening the level of provisions and reserves, and improving
internal controls, must also be considered. Furthermore, capital should not be regarded as a substitute for
addressing fundamentally inadequate control or risk management processes.
There are three main areas that is particularly suited to treatment under this process: risks considered
under minimum capital requirements which are not fully captured it (e.g. credit concentration risk); those
factors not taken into account by the minimum capital requirements (e.g. business and strategic risk); and
factors external to the bank (e.g. business cycle effects).

19
In order to achieve the objectives of the supervisory review process, this process has been broadly
divided into three parts:
a. Internal Capital Adequacy Assessment Process (ICAAP)
b. Supervisory Review
c. Supervisory Response
6.2 INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS:
The internal capital adequacy assessment process (ICAAP) is a comprehensive process which requires
board and senior management oversight, monitoring, reporting and internal control reviews at regular
intervals to ensure the alignment of regulatory capital requirement with the true risk profile of the bank
and thus ensure long-term safety and soundness of the bank. The key components of an effective ICAAP
are discussed below.
a. Board and senior management oversight
Bank management is responsible for understanding the nature and level of risk being taken by the
bank and how this risk relates to adequate capital levels. It is also responsible for ensuring that the
formality and sophistication of the risk management processes is commensurate with the complexity
of its operations. A sound risk management process, thus, is the foundation for an effective
assessment of the adequacy of a bank’s capital position.
The board of directors of the bank are responsible for setting the bank’s tolerance for risks. The board
should also ensure that management establishes a mechanism for assessing various risks; develops
a system to relate these risks to the bank’s capital level and sets up a method for monitoring
compliance with internal policies. It is equally important that the board instills strong internal controls
and thereby an effective control environment through adoption of written policies and procedures and
ensures that the policies and procedures are effectively communicated throughout the bank.
The analysis of a bank’s current and future capital requirements in relation to its strategic objectives
is a vital element of the strategic planning process. The strategic plan should clearly outline the
bank’s capital needs, anticipated capital expenditures, desirable capital level, and external capital
sources. Senior management and the board should view capital planning as a crucial element in
being able to achieve its desired strategic objectives.
b. Sound capital assessment
Another crucial component of an effective ICAAP is the assessment of capital. In order to be able to
make a sound capital assessment the bank should, at minimum, have the following:
• Policies and procedures designed to ensure that the bank identifies, measures, and reports all
material risks;
• A process that relates capital to the level of risk;
• A process that states capital adequacy goals with respect to risk, taking account of the bank’s
strategic focus and business plan; and
• A process of internal control, reviews and audit to ensure the integrity of the overall
management process.
c. Comprehensive assessment of risks
All material risks faced by the bank should be addressed in the capital assessment process. Nepal
Rastra Bank recognizes that not all risks can be measured precisely. However, bank should develop
a process to estimate risks with reasonable certainties. In order to make a comprehensive
assessment of risks, the process should, at minimum, address the following forms of risk.
1. Credit risk: Banks should have methodologies that enable them to assess the credit risk involved
in exposures to individual borrowers or counterparties as well as at the portfolio level. The credit
review assessment of capital adequacy, at a minimum, should cover risk rating systems, portfolio
analysis/aggregation, large exposures and risk concentrations.
Internal risk ratings are an important tool in monitoring credit risk. Internal risk ratings should be
adequate to support the identification and measurement of risk from all credit exposures, and should
be integrated into an institution’s overall analysis of credit risk and capital adequacy. The ratings
system should provide detailed ratings for all assets, not only for problem assets.
2. Credit concentration risk: Risk concentrations are arguably the single most important cause of
major problems in banks. A risk concentration is any single exposure or group of exposures with the
potential to produce losses large enough (relative to a bank’s capital, total assets, or overall risk level)
to threaten a bank’s health or ability to maintain its core operations.
Lending being the primary activity of most banks, credit risk concentrations are often the most
material risk concentrations within a bank. However, risk concentrations can arise in a bank’s assets,
liabilities, or off-balance sheet items, through the execution or processing of transactions (either
product or service), or through a combination of exposures across these broad categories. Credit risk

20
concentrations are based on common or correlated risk factors, which, in times of stress, have an
adverse effect on the creditworthiness of each of the individual counterparties making up the
concentration.
Such credit concentrations are not addressed in the minimum capital requirements for credit risk.
Thus, Banks should have in place effective internal policies, systems and controls to identify,
measure, monitor, and control their credit risk concentrations. Banks should explicitly consider the
extent of their credit risk concentrations in their assessment of capital adequacy under review
process. These policies should cover the different forms of credit risk concentrations to which a bank
may be exposed to. Such concentrations include but are not limited to:
• Significant exposures to an individual counterparty or group of related counterparty. Banks might
also establish an aggregate limit for the management and control of all of its large exposures as a
group;
• Credit exposures to counterparties in the same economic sector or geographic region;
• Credit exposures to counterparties whose financial performance is dependent on the same
activity or commodity; and
• Indirect credit exposures arising from a bank’s CRM activities (e.g. exposure to a similar type of
collateral or credit protection provided by a single counterparty or same collateral in cases of
multiple banking).
A bank’s framework for managing credit risk concentrations should be clearly documented and
should include a definition of the credit risk concentrations relevant to the bank and how these
concentrations and their corresponding limits are calculated. Limits should be defined in relation to a
bank’s capital, total assets or, where adequate measures exist, its overall risk level. A bank’s
management should conduct periodic stress tests of its major credit risk concentrations and review
the results of those tests to identify and respond to potential changes in market conditions that could
adversely impact the bank’s performance.
3. Operational risk: The failure to properly manage operational risk can result in a misstatement of
an institution’s risk/return profile and expose the institution to significant losses. Gross income, used
in the Basic Indicator Approach is only a proxy for the scale of operational risk exposure of a bank
and can in some cases underestimate the need for capital. Thus, Banks should develop a framework
for managing operational risk and evaluate the adequacy of capital as prescribed by this framework.
The framework should cover the bank’s appetite and tolerance for operational risk, as specified
through the policies for managing this risk, including the extent and manner in which operational risk
is transferred outside the bank. It should also include policies outlining the bank’s approach to
identifying, assessing, monitoring and controlling/mitigating the risk.
4. Market risk: The prescribed approach for the computation of capital charge for market risk is very
simple and thus may not be directly aligned with the magnitude of risk. Likewise, the approach only
incorporates risks arising out of adverse movements in exchange rates while ignoring other forms of
risks like interest rate risk and equity risks. Thus, banks should develop a framework that addresses
these various forms of risk and at the same time perform stress tests to evaluate the adequacy of
capital.
The use of internal models by the bank for the measurement of market risk is highly encouraged.
Wherever bank's make use of internal models for computation of capital charge for market risks, the
bank management should ensure the adequacy and completeness of the system regardless of the
type and level of complexity of the measurement system as the quality and reliability of the
measurement system is largely dependent on the quality of the data and various assumptions used in
the model.
5. Liquidity risk: Liquidity is crucial to the ongoing viability of any financial institution. The capital
positions can have a telling effect on institution’s ability to obtain liquidity, especially in a crisis. Each
bank must have adequate systems for measuring, monitoring and controlling liquidity risk. Banks
should evaluate the adequacy of capital given their own liquidity profile and the liquidity of the
markets in which they operate. Banks are also encouraged to make use of stress testing to determine
their liquidity needs and the adequacy of capital.
6. Other risks: Although the ‘other’ risks, such as reputational and strategic risk, are not easily
measurable, banks are expected to take these into consideration as well while deciding on the level
of capital.
d. Monitoring and reporting
The bank should establish an adequate system for monitoring and reporting risk exposures and
assessing how the bank’s changing risk profile affects the need for capital. The bank’s senior
management or board of directors should, on a regular basis, receive reports on the bank’s risk
profile and capital needs. These reports should allow senior management to:

21
• Evaluate the level and trend of material risks and their effect on capital levels;
• Evaluate the sensitivity and reasonableness of key assumptions used in the capital assessment
measurement system;
• Determine that the bank holds sufficient capital against the various risks and is in compliance
with established capital adequacy goals; and
• Assess its future capital requirements based on the bank’s reported risk profile and make
necessary adjustments to the bank’s strategic plan accordingly.
e. Internal control review
The bank’s internal control structure is essential to a sound capital assessment process. Effective
control of the capital assessment process includes an independent review and, where appropriate,
the involvement of internal or external audits. The bank’s board of directors has a responsibility to
ensure that management establishes a system for assessing the various risks, develops a system to
relate risk to the bank’s capital level, and establishes a method for monitoring compliance with
internal policies. The board should regularly verify whether its system of internal controls is adequate
to ensure well-ordered and prudent conduct of business.
The bank should conduct periodic reviews of its risk management process to ensure its integrity,
accuracy, and reasonableness. Key areas that should be reviewed include:
• Appropriateness of the bank’s capital assessment process given the nature, scope and
complexity of its activities;
• Identification of large exposures and risk concentrations;
• Accuracy and completeness of data inputs into the bank’s assessment process;
• Reasonableness and validity of scenarios used in the assessment process; and
• Stress testing and analysis of assumptions and inputs.
6.3 SUPERVISORY REVIEW:
Nepal Rastra Bank shall regularly review the process by which a bank assesses its capital adequacy, risk
positions, resulting capital levels, and quality of capital held by a bank. Supervisors shall also evaluate
the degree to which a bank has in place a sound internal process to assess capital adequacy. The
emphasis of the review should be on the quality of the bank’s risk management and controls and should
not result in supervisors functioning as bank management. The periodic review can involve any or a
combination of:
• On-site examinations or inspections;
• Off-site review;
• Discussions with bank management;
• Review of work done by external auditors (provided it is adequately focused on the necessary capital
issues); and
• Periodic reporting.
Some of the key areas which will be reviewed during the supervisory review process are discussed
hereunder
a. Review of adequacy of risk assessment
NRB shall assess the degree to which internal targets and processes incorporate the full range of
material risks faced by the bank. Supervisors shall also review the adequacy of risk measures used in
assessing internal capital adequacy and the extent to which these risk measures are also used
operationally in setting limits, evaluating business line performance, and evaluating and controlling
risks more generally. Supervisors shall consider the results of sensitivity analyses and stress tests
conducted by the institution and how these results relate to capital plans.
b. Assessment of capital adequacy
NRB shall review the bank’s processes to determine that:
• Target levels of capital chosen are comprehensive and relevant to the current operating
environment;
• These levels are properly monitored and reviewed by senior management; and
• The composition of capital is appropriate for the nature and scale of the bank’s business.
NRB shall also consider the extent to which the bank has provided for unexpected events in setting
its capital levels. This analysis should cover a wide range of external conditions and scenarios, and
the sophistication of techniques and stress tests used should be commensurate with the bank’s
activities.

22
c. Assessment of the control environment
NRB shall consider the quality of the bank’s management information reporting and systems, the
manner in which business risks and activities are aggregated, and management’s record in
responding to emerging or changing risks. In all instances, the capital level at an individual bank
should be determined according to the bank’s risk profile and adequacy of its risk management
process and internal controls. External factors such as business cycle effects and the
macroeconomic environment should also be considered.
d. Supervisory review of compliance with minimum standards
In order to obtain relief as per this framework banks are required to observe number of requirements,
including risk management standards and disclosures. In particular, banks will be required to disclose
features of their internal methodologies used in calculating minimum capital requirements. As part of
the supervisory review process, supervisors must ensure that these conditions are being met on an
ongoing basis. Likewise, the supervisors must ensure that qualifying criteria as specified in the
framework are continuously being met as these criteria are developed as benchmarks that are
aligned with bank management expectations for effective risk management and capital allocation.
e. Significance of risk transfer
Securitization or credit sale agreements with recourse may be carried out for purposes other than
credit risk transfer (e.g. funding). Where this is the case, there might still be a limited transfer of credit
risk. However, for an originating bank to achieve reductions in capital requirements, the risk transfer
arising from a securitization or credit sale has to be deemed significant by the NRB. If the risk transfer
is considered to be insufficient or non existent, NRB can require the application of a higher capital
requirement or, alternatively, may deny a bank from obtaining any capital relief from the securitization
or transfer agreements. Therefore, the capital relief that can be achieved will correspond to the
amount of credit risk that is effectively transferred.
f. Credit Risk Mitigants
In case when the eligibility requirements are not fulfilled, NRB will not consider Credit Risk Mitigants
in allocating capital. Similarly, CRM may give rise to residual risks, which may render the overall risk
reduction less effective. Where, these risks are not adequately controlled by the bank, NRB may
impose additional capital charges or take other appropriate supervisory actions.
g. Operational risk and Market Risk
The framework prescribes simple approaches for allocating capital for operational and market risk
which may not be directly aligned with the volume and complexity of risk. Thus, the supervisor shall
consider whether the capital requirements generated by the prescribed approaches gives a
consistent picture of the individual bank's risk exposure in comparison with the peer group and the
banking industry at large. Where NRB is convinced such is not the case, appropriate supervisory
response is warranted.
h. Operational risk and Market Risk
The framework requires banks to disclose various key information about their business on a periodic
basis. It is imperative that the banks discharge their obligations under the disclosure requirements in
order to be eligible to claim benefits of CRM. In line with the utmost significance of this requirement,
the supervisor shall review the adequacy of the disclosures. As a part of this process itself, the
supervisor shall regularly review the website of the banks and review the contents of the site.
Wherever the review process identifies any shortcomings or non-compliances, appropriate
supervisory response shall be initiated.
6.4 SUPERVISORY RESPONSE:
Nepal Rastra Bank expects banks to operate above the minimum regulatory capital ratios. Wherever,
NRB is not convinced about the risk management practices and the control environment, it has the
authority to require banks to hold capital in excess of the minimum.
a. Supervisory adjustments in risk weighted assets and capital
Having carried out the review process as described above, supervisors should take appropriate
action if they are not satisfied with the results of the bank’s own risk assessment and capital
allocation. In such a scenario, NRB shall be empowered to undertake any or combination of the
following adjustments in the banks risk weighted assets and regulatory capital computations.
1. Shortfall in provisions made by the bank against adversely classified assets shall be deducted
from the Tier 1 capital.
2. The loans and facilities extended to Directors, Employees (other than loans given under
Employee rules), Shareholders holding more than 1% percent shares and related parties as well
as loans, advances and facilities restricted by the prevailing rules and regulations shall be
deducted from Tier 1 capital.

23
3. In case the bank has provided loans and facilities in excess of its Single Obligor Limits, 10% of all
such excess exposures shall be added to the risk weighted exposure for credit risk.
4. Where the bank has been involved in the sale of credit with recourse facility, 1% of the contract
(sale) value shall be added to the risk weight for credit risk.
5. Where the banks do not have satisfactory Assets Liability Management policies and practices to
effectively manage the market risks, an additional risk weight of 1% of Net Interest Income shall
be added to the risk weight for market risk.
6. Where the bank's liquid asset (inclusive of investment in government securities) to total deposit
ratio is less than 20%, a risk weight of 0.5% of total deposit is added to total of the Risk Weighted
Exposures.
7. Where the banks do not adopt sound practices for the management of operational risk, an
additional capital charge of 2% of Gross Income shall be levied for operational risks.
8. Where the Gross Income determined for computation of capital charge of Operational Risk for all
of the last three years is negative and where the banks themselves have not addressed the
capital charge for operational risk, 5% of the total credit and investments net of specific provisions
shall be the capital charge for operational risk.
New banks who have not completed an year of operation and hence whose gross income cannot
be measured reliably and where the banks themselves have not addressed the capital charge for
operational risk, shall also be required to compute their capital charge for operational risk vide the
same approach as prescribed for banks with negative gross income. These banks may use the
gross income approach from second year onwards. But, based on the reasonableness of the so
computed capital charge for Operation Risk, during the first three years of operation, review
process may require additional proportion of capital charge.
9. During the course of review, where the supervisor is not satisfied with the overall risk
management policies and procedures of the bank, the total risk weighted exposures of the bank
shall be increased up to 5%.
10. In case the bank has not achieved the desired level of disclosure requirements, the total risk
weighted exposures of the bank shall be increased up to 3%.
11. Banks that do not meet the eligibility requirements to claim the benefit under credit risk mitigation
techniques shall not be allowed the benefit of CRM.
b. Corrective Actions for Non-Compliances
12. The failure on part of the banks to meet the provisions of this framework shall be considered as a
violation of the NRB directives and shall attract stipulated actions. The nature of the enforcement
action largely depends on degree of the capital adequacy of the bank. The trigger points and the
prescribed action in case of non-compliance shall be as per the provisions of Prompt Corrective
Action Byelaw 2064 propounded by Nepal Rastra Bank.

7. DISCLOSURE
7.1 GENERAL:
The purpose of disclosure requirements is to complement the minimum capital requirements and the
review process by developing a set of disclosure requirements which will allow market participants to
assess key pieces of information on the scope of application, capital, risk exposures, risk assessment
processes, and hence the capital adequacy of the bank. It is believed that providing disclosures that are
based on a common framework is an effective means of informing the market about a bank’s exposure to
those risks and provides a consistent and comprehensive disclosure framework that enhances
comparability. The importance of disclosure is more pronounced in cases of bank that rely on internal
methodologies in assessing capital requirements.
7.2 DISCLOSURE PRINCIPLES:
Banks should have a formal disclosure policy approved by the Board of directors that addresses the
bank’s approach for determining what disclosures it will make and the internal controls over the disclosure
process. In addition, banks should implement a process for assessing the appropriateness of their
disclosures, including validation and frequency. While deciding on the disclosure policy, the board should
pay due attention to strike a balance between materiality and proprietary and confidential information.
a. Materiality
Besides the minimum prescribed disclosure requirements, a bank should decide which additional
disclosures are relevant for it based on the materiality concept. Information would be regarded as

24
material if its omission or misstatement could change or influence the assessment or decision of a
user relying on that information for the purpose of making economic decisions.
b. Proprietary and confidential information
Proprietary information encompasses information (for example on products or systems), that if shared
with competitors would render a bank’s investment in these products/systems less valuable, and
hence would undermine its competitive position. Information about customers is often confidential, in
that it is provided under the terms of a legal agreement or counterparty relationship. This has an
impact on what banks should reveal in terms of information about their customer base, as well as
details on their internal arrangements, for instance methodologies used, parameter estimates, data
etc. The disclosure requirements set out below by NRB aims to strike an appropriate balance
between the need for meaningful disclosure and the protection of proprietary and confidential
information.
7.3 VALIDATION:
The disclosures of the bank should be subjected to adequate validation. In addition, supplementary
material (such as Management’s Discussion and Analysis) that is published should also be subjected to
sufficient scrutiny (e.g. internal control assessments, etc.) to satisfy the validation issue. If material is not
published under a validation regime, for instance in a stand alone report or as a section on a website,
then management should ensure that appropriate verification of the information takes place, in
accordance with the general disclosure principles.
7.4 DISCLOSURE REQUIREMENTS:
Banks should at minimum, disclose the following information at the stipulated time intervals. At the same
time, banks shall be free to disclose any other information they consider important for its stakeholders as
and when they consider necessary, beyond the prescribed requirements.
a. Banks should provide the following disclosures as at end of each financial year along with the annual
financial statements.
1. Capital structure and capital adequacy
o Tier 1 capital and a breakdown of its components;
o Tier 2 capital and a breakdown of its components;
o Detailed information about the Subordinated Term Debts with information on the
outstanding amount, maturity, amount raised during the year and amount eligible to be
reckoned as capital funds.
o Deductions from capital;
o Total qualifying capital;
o Capital adequacy ratio;
o Summary of the bank’s internal approach to assess the adequacy of its capital to support
current and future activities, if applicable; and
o Summary of the terms, conditions and main features of all capital instruments, especially
in case of subordinated term debts including hybrid capital instruments.
2. Risk exposures
o Risk weighted exposures for Credit Risk, Market Risk and Operational Risk;
o Risk Weighted Exposures under each of 11 categories of Credit Risk;
o Total risk weighted exposure calculation table;
o Amount of NPAs (both Gross and Net)
Restructure/Reschedule Loan
Substandard Loan
Doubtful Loan
Loss Loan
o NPA ratios
Gross NPA to gross advances
Net NPA to net advances
o Movement of Non Performing Assets
o Write off of Loans and Interest Suspense
o Movements in Loan Loss Provisions and Interest Suspense
o Details of additional Loan Loss Provisions
o Segregation of investment portfolio into Held for trading, Held to maturity and Available for
sale category

25
3. Risk Management Function
o For each separate risk area (Credit, Market and Operational risk), banks must describe
their risk management objectives and policies, including:
Strategies and processes;
The structure and organization of the relevant risk management function;
The scope and nature of risk reporting and/or measurement systems; and
Policies for hedging and/or mitigating risk and strategies, and processes for monitoring the
continuing effectiveness of hedges/mitigants.
o Types of eligible credit risk mitigants used and the benefits availed under CRM.
b. All commercial banks should make following disclosures on a quarterly basis on their respective
websites.
o Tier 1 capital and a breakdown of its components;
o Tier 2 capital and a breakdown of its components;
o Detailed information about the Subordinated Term Debts with information on the
outstanding amount, maturity, amount raised during the year and amount eligible to be
reckoned as capital funds.
o Deductions from capital;
o Total qualifying capital;
o Capital adequacy ratio;
o Risk weighted exposures for Credit Risk, Market Risk and Operational Risk;
o Risk Weighted Exposures under each of 11 categories of Credit Risk;
o Total risk weighted exposure calculation table;
o Amount of NPAs (both Gross and Net)
Restructure/Reschedule Loan
Substandard Loan
Doubtful Loan
Loss Loan
o NPA ratios
Gross NPA to gross advances
Net NPA to net advances
o Movement of Non Performing Assets
o Write off of Loans and Interest Suspense
o Movements in Loan Loss Provisions and Interest Suspense
o Details of Additional Loan Loss Provisions
o Segregation of investment portfolio into Held for trading, Held to maturity and Available for
sale category
o Summary of the bank’s internal approach to assess the adequacy of its capital to support
current and future activities, if applicable; and
o Summary of the terms, conditions and main features of all capital instruments, especially in
case of subordinated term debts including hybrid capital instruments.
c. Disclosure requirements under this framework should also be published in the respective websites of
the banks. Such disclosures of the banks should also be updated to reflect the capital adequacy
position of the banks after the supervisory adjustments under the review process. Banks that do not
host a website yet are required to make the necessary arrangements to host a website immediately.
d. Banks are required to report to NRB their capital adequacy computations, according to the format as
specified in Annexure of this framework on a quarterly basis within 30 days after the end of the
quarter or as required by NRB from time to time. All such returns has to be validated by the internal
auditor of the bank.
Besides the returns specified above, a bank must inform NRB within 30 days of:
1. Any breach of the minimum capital adequacy requirements set out in this framework together
with an explanation of the reasons for the breach and the remedial measures it has taken to
address those breaches.
2. Any concerns it has about its capital adequacy, along with proposed measures to address these
concerns.
e. Full compliance of these disclosure requirements is a pre-requisite before banks can obtain any
capital relief (i.e., adjustments in the risk weights of collateralized or guaranteed exposures) in
respect of any credit risk mitigation techniques.
26
ANNEXURE : REPORTING FORMS
FORM NO.1 CAPITAL ADEQUACY TABLE
1. 1 RISK WEIGHTED EXPOSURES Current Period Previous Period
a Risk Weighted Exposure for Credit Risk
b Risk Weighted Exposure for Operational Risk
c Risk Weighted Exposure for Market Risk
Total Risk Weighted Exposures (a+b+c)

1.2 CAPITAL Current Period Previous Period


Core Capital (Tier 1)
a Paid up Equity Share Capital
b Irredeemable Non-cumulative preference shares
c Share Premium
d Proposed Bonus Equity Shares
e Statutory General Reserves
f Retained Earnings
g Un-audited current year cumulative profit
h Capital Redemption Reserve
i Capital Adjustment Reserve
j Dividend Equalization Reserves
k Other Free Reserve
l Less: Goodwill
m Less: Miscellaneous Expenditure not written off
n Less: Investment in equity in licensed Financial Institutions
o Less: Investment in equity of institutions with financial interests
p Less: Investment in equity of institutions in excess of limits
q Less: Investments arising out of underwriting commitments
r Less: Reciprocal crossholdings
s Less: Other Deductions
Supplementary Capital (Tier 2)
a Cumulative and/or Redeemable Preference Share
b Subordinated Term Debt
c Hybrid Capital Instruments
d General loan loss provision
e Exchange Equalization Reserve
f Investment Adjustment Reserve
g Assets Revaluation Reserve
h Other Reserves
Total Capital Fund (Tier I and Tier II)

1.3 CAPITAL ADEQUACY RATIOS Current Period Previous Period


Tier 1 Capital to Total Risk Weighted Exposures
Tier 1 and Tier 2 Capital to Total Risk Weighted Exposures

27
FORM NO.2 RISK WEIGHTED EXPOSURE FOR CREDIT RISK
Risk
Book Specific Eligible Net ValueRisk Weight
Weighted
A. Balance Sheet Exposures Value Provision CRM
Exposures
a b c d=a-b-c e
f=d*e
Cash Balance 0 0 0 0% 0
Balance With Nepal Rastra Bank 0 0 0 0% 0
Investment in Nepalese Government Securities 0 0 0 0% 0
All Claims on Government of Nepal 0 0 0 0% 0
Investment in Nepal Rastra Bank securities 0 0 0 0% 0
All claims on Nepal Rastra Bank 0 0 0 0% 0
Claims on Foreign Government and Central Bank (ECA 0-1) 0 0 0 0% 0
Claims on Foreign Government and Central Bank (ECA -2) 0 0 0 0 20% 0
Claims on Foreign Government and Central Bank (ECA -3) 0 0 0 0 50% 0
Claims on Foreign Government and Central Bank (ECA-4-6) 0 0 0 0 100% 0
Claims on Foreign Government and Central Bank (ECA -7) 0 0 0 0 150% 0
Claims On BIS, IMF, ECB, EC and on Multilateral 0 0 0 0% 0
Development Banks (MDB's) recognized by the framework
Claims on Other Multilateral Development Banks 0 0 0 0 100% 0
Claims on Public Sector Entity (ECA 0-1) 0 0 0 0 20% 0
Claims on Public Sector Entity (ECA 2) 0 0 0 0 50% 0
Claims on Public Sector Entity (ECA 3-6) 0 0 0 0 100% 0
Claims on Public Sector Entity (ECA 7) 0 0 0 0 150% 0
Claims on domestic banks that meet capital adequacy 0 0 0 0 20% 0
requirements
Claims on domestic banks that do not meet capital adequacy 0 0 0 0 100% 0
requirements
Claims on foreign bank (ECA Rating 0-1) 0 0 0 0 20% 0
Claims on foreign bank (ECA Rating 2) 0 0 0 0 50% 0
Claims on foreign bank (ECA Rating 3-6) 0 0 0 0 100% 0
Claims on foreign bank (ECA Rating 7) 0 0 0 0 150% 0
Claims on foreign bank incorporated in SAARC region 0 0 0 0 20% 0
operating with a buffer of 1% above their respective
regulatory capital requirement
Claims on Domestic Corporates 0 0 0 100%
Claims on Foreign Corporates (ECA 0-1) 0 0 0 0 20% 0
Claims on Foreign Corporates (ECA 2) 0 0 0 0 50% 0
Claims on Foreign Corporates (ECA 3-6) 0 0 0 0 100% 0
Claims on Foreign Corporates (ECA 7) 0 0 0 0 150% 0
Regulatory Retail Portfolio (Not Overdue) 0 0 0 0 75% 0
Claims fulfilling all criterion of regulatory retail except 0 0 0 0 100% 0
granularity
Claims secured by residential properties 0 0 0 0 60% 0
Claims not fully secured by residential properties 0 0 0 0 150% 0
Claims secured by residential properties (Overdue) 0 0 0 0 100% 0
Claims secured by Commercial real estate 0 0 0 0 100% 0
Past due claims (except for claim secured by residential 0 0 0 0 150% 0
properties)
High Risk claims 0 0 0 0 150% 0
Investments in equity and other capital instruments of 0 0 0 0 100% 0
institutions listed in the stock exchange

28
Investments in equity and other capital instruments of 0 0 0 0 150% 0
institutions not listed in the stock exchange
Other Assets (as per attachment) 0 0 0 0 100% 0
TOTAL 0 0 0 0 0
B. Off Balance Sheet Exposures Gross Book Specific Eligible Net ValueRisk Weight Risk
Value Provision CRM Weighted
a b c d=a-b-c e Exposures
f=d*e
Revocable Commitments 0 0 0 0% 0
Bills Under Collection 0 0 0 0% 0
Forward Exchange Contract Liabilities 0 0 0 0 10% 0
LC Commitments With Original Maturity Upto 6 months
domestic counterparty 0 0 0 0 20% 0
foreign counterparty (ECA Rating 0-1) 0 0 0 0 20% 0
foreign counterparty (ECA Rating 2) 0 0 0 0 50% 0
foreign counterparty (ECA Rating 3-6) 0 0 0 0 100% 0
foreign counterparty (ECA Rating 7) 0 0 0 0 150% 0
LC Commitments With Original Maturity Over 6 months
domestic counterparty 0 0 0 0 50% 0
foreign counterparty (ECA Rating 0-1) 0 0 0 0 20% 0
foreign counterparty (ECA Rating 2) 0 0 0 0 50% 0
foreign counterparty (ECA Rating 3-6) 0 0 0 0 100% 0
foreign counterparty (ECA Rating 7) 0 0 0 0 150% 0
Bid Bond, Performance Bond and Counter guarantee
domestic counterparty 0 0 0 0 50% 0
foreign counterparty (ECA Rating 0-1) 0 0 0 0 20% 0
foreign counterparty (ECA Rating 2) 0 0 0 0 50% 0
foreign counterparty (ECA Rating 3-6) 0 0 0 0 100% 0
foreign counterparty (ECA Rating 7) 0 0 0 0 150% 0
Underwriting commitments 0 0 0 0 50% 0
Lending of Bank's Securities or Posting of Securities as 0 0 0 0 100% 0
collateral
Repurchase Agreements, Assets sale with recourse 0 0 0 0 100% 0
Advance Payment Guarantee 0 0 0 0 100% 0
Financial Guarantee 0 0 0 0 100% 0
Acceptances and Endorsements 0 0 0 0 100% 0
Unpaid portion of Partly paid shares and Securities 0 0 0 0 100% 0
Irrevocable Credit commitments (short term) 0 0 0 0 20% 0
Irrevocable Credit commitments (long term) 0 0 0 0 50% 0
Other Contingent Liabilities 0 0 0 0 100% 0
Unpaid Gurantee Claims 0 0 0 0 200% 0
TOTAL 0 0 0 0 0
Total RWE for credit Risk (A) +(B) 0 0 0 0 0

29
FORM NO.3 ELIGIBLE CREDIT RISK MITIGANTS

Credit exposures Deposits Deposits Gold Govt.& G'tee of Sec/ G'tee G'tee of G'tee of Sec/G'tee Total
with Bank with other NRB Govt. of of Other domestic MDBs of Foreign
banks/FI Securities Nepal Sovereigns banks Banks

(a) (b) (c) (d) (e) (f) (g) (h) (i)


Balance Sheet Exposures
Claims on Foreign government and Central Bank (ECA -2) 0
Claims on Foreign government and Central Bank (ECA -3) 0
Claims on Foreign government and Central Bank (ECA-4-6)
0
Claims on Foreign government and Central Bank (ECA -7) 0
Claims on Other Multilateral Development Banks
0
Claims on Public Sector Entity (ECA 0-1)
0
Claims on Public Sector Entity (ECA 2)
0
Claims on Public Sector Entity (ECA 3-6)
0
Claims on Public Sector Entity (ECA 7) 0
Claims on domestic banks that meet capital adequacy
requirements 0
Claims on domestic banks that do not meet capital adequacy
requirements 0
Claims on foreign bank (ECA Rating 0-1) 0
Claims on foreign bank (ECA Rating 2) 0
Claims on foreign bank (ECA Rating 3-6) 0
Claims on foreign bank (ECA Rating 7) 0
Claims on foreign bank incorporated in SAARC region
operating with a buffer of 1% above their respective regulatory
capital requirement
Claims on Domestic Corporates 0
Claims on Foreign Corporates (ECA 0-1) 0
Claims on Foreign Corporates (ECA 2) 0
Claims on Foreign Corporates (ECA 3-6) 0
Claims on Foreign Corporates (ECA 7) 0
Regulatory Retail Portfolio (Not Overdue) 0
Claims fulfilling all criterion of regulatory retail except 0
granularity
Claims secured by residential properties 0
Claims not fully secured by residential properties 0
Claims secured by residential properties (Overdue) 0
Claims secured by Commercial real estate 0
Past due claims (except for claim secured by residential 0
properties)
High Risk claims 0
Investments in equity and other capital instruments of 0
institutions listed in the stock exchange
Investments in equity and other capital instruments of 0
institutions not listed in the stock exchange
Other Assets (as per attachment) 0

Off Balance Sheet Exposures


Forward Exchange Contract Liabilities
LC Commitments With Original Maturity Upto 6 months 0
domestic counterparty
foreign counterparty (ECA Rating 0-1) 0
foreign counterparty (ECA Rating 2) 0
foreign counterparty (ECA Rating 3-6) 0
foreign counterparty (ECA Rating 7) 0
LC Commitments With Original Maturity Over 6 months 0
domestic counterparty
foreign counterparty (ECA Rating 0-1) 0
foreign counterparty (ECA Rating 2) 0

30
Credit exposures Deposits Deposits Gold Govt.& G'tee of Sec/ G'tee G'tee of G'tee of Sec/G'tee Total
with Bank with other NRB Govt. of of Other domestic MDBs of Foreign
banks/FI Securities Nepal Sovereigns banks Banks

(a) (b) (c) (d) (e) (f) (g) (h) (i)


foreign counterparty (ECA Rating 3-6) 0
foreign counterparty (ECA Rating 7) 0
Bid Bond, Performance Bond and Counter guarantee 0
domestic counterparty

foreign counterparty (ECA Rating 0-1) 0


foreign counterparty (ECA Rating 2) 0
foreign counterparty (ECA Rating 3-6) 0
foreign counterparty (ECA Rating 7) 0
Underwriting commitments 0
Lending of Bank's Securities or Posting of Securities as 0
collateral
Repurchase Agreements, Assets sale with recourse 0
Advance Payment Guarantee 0
Financial Guarantee 0
Acceptances and Endorsements 0
Unpaid portion of Partly paid shares and Securities 0
Irrevocable Credit commitments 0
Other Contingent Liabilities 0

31
FORM NO.4 EXHIBIT OF CLAIMS WITH CREDIT RISK MITIGANTS
(Rs.In …………….)
S.N. Counterparty Category Facility Outstanding Eligible CRM
Nature Gross Amount Haircut Net Amount

FORM NO.5 OTHER ASSETS


S.No. Assets Gross Amount Specific Provision Net Balance
1 Cash and Cash Items in Transit 0
2 Miscellaneous Expenditure not written off 0
3 Fixed Assets 0
4 Interest Receivable on Other Investment 0
5 Interest Receivable on Loan 0
6 Non Banking Assets 0
7 Reconciliation Account 0
8 Draft Paid Without Notice 0
9 Sundry Debtors 0
10 Advance payment and Deposits 0
11 Staff Loan and Advance 0
12 Stationery 0
13 Other 0
TOTAL 0 0 0

32
FORM NO.6 RISK WEIGHTED EXPOSURE FOR OPERATIONAL RISK
Particulars Year 1 Year 2 Year 3
Net Interest Income
Commission and Discount Income
Other Operating Income
Exchange Fluctuation Income
Addition/Deduction in Interest Suspense during the period
Gross income (a) 0 0 0
Alfa (b) 15% 15% 15%
Fixed Percentage of Gross Income [c=(a×b)]
Capital Requirement for operational risk (d) (average of c)
Risk Weight (reciprocal of capital requirement of 10%) in times (e) 10
Equivalent Risk Weight Exposure [f=(d×e)]

FORM NO.7 RISK WEIGHTED EXPOSURE FOR MARKET RISK


S.No. Currency Open Position (FCY) Open Position (NPR) Relevant Open
Position
1 INR
2 USD
3 GBP
4 EURO
5 GBP
6 CHF
7 ......
8 .......
9 .......
Total Open Position (a)
Fixed Percentage (b) 5%

Capital Charge for Market Risk [c=(a×b)]


Risk Weight (reciprocal of capital requirement of 10%) in times (d)

Equivalent Risk Weight Exposure [e=(c×d)]

33
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= @÷)^^
laifo:- shf{÷;fk6sf] juL{s/0f / shf{ gf]S;fgL ;DaGwL Joj:yf .

o; a}+saf6 ljQLo sf/f]jf/ ug{ Ohfhtkqk|fKt ;+:yfn] ug'{kg]{ shf{ ;fk6sf] juL{s/0f / ;f]sf] ;+efljt
gf]S;fgLdf sfod ug'{kg]{ Joj:yf ;DaGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L
b]xfosf]] lgb]{zg hf/L ul/Psf] 5 .
!= shf{ ;fk6sf] juL{s/0f
Ohfhtkqk|fKt ;+:yfn] k|jfx u/]sf] shf{÷;fk6sf] ;fFjf e'StfgL x'g'kg]{ efvf gf3]sf] cjwLsf cfwf/df ;Dk"0f{
shf{ ;fk6nfO{ b]xfo jdf]lhd juL{s/0f ug'{kg]{ 5 .
-s_ c;n (Pass) M efvf ggf3]sf / # dlxgf;Dd efvf gf3]sf shf{÷;fk6 .
-v_ sd;n (Sub-standard) M # dlxgfb]lv a9Ldf ^ dlxgf;Dd efvf gf3]sf shf{÷;fk6 .
-u_ z+sf:kb (Doubtful) M ^ dlxgfb]lv a9Ldf ! jif{;Dd efvf gf3]sf shf{÷;fk6 .
-3_ v/fj (Loss) M ! jif{eGbf a9L cjlwn] efvf gf3]sf shf{÷;fk6 .
c;n shf{nfO{ æ;ls|o shf{Æ (Performing Loan) / sd;n, z+sf:kb tyf v/fa shf{nfO{ ælgis[o shf{Æ
(Non-performing Loan) egL kl/efiff ul/Psf] 5 .
l6Kk0fLM– shf{÷;fk6 eGgfn] ljN; vl/b tyf l8:sfp06 ;d]tnfO{ ;Demg' k5{ .
@= c;n shf{ ;DaGwL yk Joj:yf
!= b]xfosf shf{x?nfO{ c;n shf{leqdf ;dfj]z ug{ ;lsg] 5 .
-s_ ;'grfFbLsf] lwtf]df uPsf shf{ tyf ;fk6x?,
-v_ d'2tL /l;bsf] lwtf]df uPsf shf{ tyf ;fk6x?,
-u_ g]kfn ;/sf/sf] ;'/If0fkq tyf g]kfn /fi6« a}+s C0fkqsf] lwtf]df uPsf shf{ tyf ;fk6
t/, cltl/Qm lwtf] ;'/If0f jfkt d'2lt /;Lb jf g]kfn ;/sf/sf] C0fkq jf g]kfn /fi6« a}+s C0fkq lwtf]
/fvL shf{ k|jfx u/]df To:tf shf{ tyf ;fk6x?nfO{ eg] a'Fbf g+= ! df pNn]lvt lgb]{zg adf]lhd g}
juL{s/0f ug'{kg]{ 5 .
@= a9Ldf Ps jif{;Dd e'StfgL cjlw ePsf] rfn"k'FhL shf{nfO{ dfq gljs/0f ubf{ c;n shf{df ;dfj]z ug{
;lsg] 5 . rfn' k'FhL k|s[ltsf shf{x?df k|fKt x'g'kg]{ Aofh lgoldt gePsf] cj:yfdf To:tf] shf{nfO{
Aofh jSof}tf cjlwsf] cfwf/df juL{s/0f ug'{kg]{ 5 .
#= v/fj shf{ ;DaGwL yk Joj:yf
efvf gf3]sf] jf ggf3]sf] s'g} klg shf{df b]xfosf] s'g} s}lkmot b]lvPdf To:tf] shf{ tyf ;fk6nfO{ v/fj
shf{df juL{s/0f ug'{kg]{ 5 M–
-s_ lwtf]sf] ahf/ d"Non] shf{sf] ;'/If0f x'g g;Sg] ePdf,
-v_ C0fL 6f6 kN6]df jf 6f6 kN6]sf] 3f]if0ff ePdf,
-u_ C0fL x/fPdf jf ufoj ePdf,
-3_ vl/b jf l8:sfpG6 u/]sf] ljN; / k|lttkq tyf hdfgt h:tf u}/ sf]ifdf cfwfl/t ;'ljwfx? kmf];{
nf]g -Force Loan_ sf] ?kdf sf]ifdf cfwfl/t shf{df kl/0ft ePsf] cj:yfdf To;/L shf{df kl/0ft
ePsf] ldltn] gAa] lbg;Dd c;'nL gePdf,
-ª_ shf{ b'?kof]u ePdf,
-r_ shf{ c;'n x'g g;sL lnnfdL k|lqmof z'? ePsf] 5 dlxgf gf3]df jf c;'nL k|lqmof cGtu{t cbfntdf
d'2f rln/x]sf] cj:yfdf,
-5_ shf{ ;"rgf s]Gb|sf] sfnf];"rLdf /x]sf C0fLnfO{ shf{ k|bfg u/]sf] cj:yfdf ,
-h_ kl/of]hgf÷Joj;fo ;+rfng x'g] cj:yf g/x]df, kl/of]hgf jf Joj;fo ;~rfngdf gePdf,
-em_ Credit Card shf{ efvf gf3]sf] ldltn] gAa] lbg leq ckn]vg gePdf .

34
-~f_ k|lttkq, hdfgt / cGo ;Defljt bfloTjx? tyf l6=cf/=shf{ (Trust Receipt Loan) sf] lgoldt k|s[of
cGtu{t sf]ifdf cfwfl/t shf{df kl/0ft ubf{ () lbg leq pQm shf{ c;'n x'g gcfPdf .
l6Kk0fLM of] lgb]{zgsf] bkmf # -ª_ sf] k|of]hgsf] nflu æb'?kof]uÆ eGgfn] k|of]hg v'nfO{ lnPsf] shf{ /sd
;DjlGwt k|of]hgdf k|of]u gu/]sf], kl/of]hgf ;~rfngdf g/x]sf], ;DjlGwt kl/of]hgf÷Joj;foaf6
cflh{t /sd C0f ltg{df gnufO{ cGo sfo{df k|of]u u/]sf], lg/LIf0f tyf ;'kl/j]If0fsf] qmddf
;'kl/j]Ifs, n]vf k/LIf0fsf] qmddf n]vfk/LIfsaf6 b'?kof]u ePsf] k|dfl0ft ePdf shf{ tyf ;'ljwfsf]
b'?kof]u u/]sf] ;Demg'k5{ .
$= cfjlws shf{ ;DaGwL yk Joj:yf
ls:tfaGbLdf k|jfx ul/Psf cfjlws shf{x? (Term Loan) sf] xsdf ;fFjfsf] ls:tfn] efvf gf3]df ;Dk"0f{
jSof}tf shf{ /sdnfO{ g} ls:Tff /sdsf] efvf gf3]sf] cjlwsf] cfwf/df juL{s/0f ug'{kg]{ 5 .
t/, clwljsif{ (Overdraft) sf] sf/f]jf/ ug]{ ;'ljwf gkfPsf Ohfhtkqk|fKt ;+:yfx?n] k|bfg u/]sf] cfjlws
shf{sf] ls:tfsf] xsdf ls:tf /sdn] ! jif{eGbf j9L cjlwn] efvf gf3]sf] cj:yfdf dfq ;Dk"0f{ shf{
/sdnfO{ g} v/fj shf{df juL{s/0f ug'{kg]{ 5 . s'g} ls:tf /sdn] ! jif{eGbf sd cjlwn] efvf gf3]sf]
cj:yfdf To:tf] ls:tf /sdnfO{ dfq v/fj shf{df juL{s/0f u/L shf{ gf]S;fgL Joj:yf sfod ug{ ;lsg] .
t/ Ohfhtkqk|fKt ;+:yfn] ;Dk"0f{ shf{ /sdnfO{ g} v/fj shf{df juL{s/0f ug{ rfx]df of] Joj:yfn] jfwf
k'u]sf] dflgg] 5}g .
l6Kk0fLM o; bkmfsf] k|of]hgsf nflu æcfjlws shf{Æ eGgfn] Ps jif{eGbf a9L e'QmfgL cjlw sfod u/L k|jfx
ul/Psf] shf{ ;fk6nfO{ ;Demg' kb{5 . æcfjlws shf{Æ ls:tfjGbLdf ;fFjf Jofh e'StfgL ug'{kg]{ u/L
nufgL ug'{kg]{ 5 .
%= ;'grfFbL shf{ ;DaGwL yk Joj:yf
…sÚ …vÚ tyf …uÚ ju{sf Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] b]xfosf Joj:yf tyf zt{x? k"/f u/L
;'grfFbL lwtf] /fvL shf{ k|bfg ug{ ;Sg]] 5g\ .
-s_ ;+:yfsf] shf{ gLlt÷ljlgodfjnLdf ;'grfFbL lwtf] lnO{ shf{ k|bfg ug{] Joj:yf pNn]v ePsf] x'g'kg]{ .
-v_ ;+:yfn] ;'grfFbLsf] shf{ sf/f]jf/ ug{' cufj} cfjZos ;'/Iff Joj:yf, ;'/If0fsf] d"Nofª\sg Joj:yf, 9's'6L
jLdf tyf hfFrsL ;DjGwL Joj:yf u/]sf] x'g'kg]{ .
-u_ ljQLo ;+:yfsf] nflu ;'grfFbL shf{ pkof]uL / d'gfkmfbfos eP÷gePsf] af/] jflif{s?kdf cWoog u/L
;~rfns ;ldltaf6 jflif{s cg'udg x'g'kg]{ .
^= cf]e/8«fˆ6 ;Ldf gf£g] u/L ;fFjf tyf Aofh c;'npk/ ug{ gkfOg]
cf]e/8«fˆ6 ;Ldf gf£g] u/L u|fxssf] rNtL vftfaf6 cf]e/8«g (Overdrawn) u/L shf{sf] ;fFjf tyf Aofh
c;'npk/ ug{ kfOg] 5}g .
t/, o; Joj:yfn] u|fxssf] vftfdf /x]sf] df}Hbft vr{ u/L ;fFjf tyf Aofh c;'npk/ ug{ aGb]h nufPsf]
dflgg] 5}g . u|fxssf] vftf vr{ u/L ;fFjf tyf Aofh c;'npk/ ubf{ vftf cf]e/8«g (Overdrawn) eO{ Ps
dlxgf;Dd klg lx;fj /fkm;fkm gePsf] v08df o;/L c;'npk/ gePsf shf{x?df cf]e/8«g u/]sf] ;fFjf
/sd ;d]t aSof}tf shf{ /sddf ;dfj]z u/L To:tf shf{x? h'g ju{df kg]{ xf] ;f] eGbf Ps tx d'gLsf]
ju{df ;dfj]z ug'{kg]{ 5 . vftf vr{ ubf{ u|fxsnfO{ k|bfg ul/Psf] ;Ldf a9fP/ cf]e/8«g (Overdrawn)
ug{kfOg] 5}g .
&= u|]; cjlw ;DaGwL Joj:yf
Ohfhtkqk|fKt ;+:yfx?n] cfjlws shf{ k|bfg ubf{ ;dfGotof Ps jif{eGbf j9L u|]; cjlw /fvL shf{ k|bfg
ug{kfOg] 5}g . ;f] eGbf a9L u|]; cjlw k|bfg ug'{kg]{ ePdf s] slt sf/0fn] / s'g s'g cfwf/df u|]; cjlw yk
ug'{k/]sf] xf] ;f]sf] Joxf]/f v'nfO{ shf{ :jLs[ltsf] ;dodfg} ;+rfns ;ldltaf6 cg'df]bg ug'{kg]{ 5 .
*= shf{sf] k'g/tflnsLs/0f / k'g/;+/rgf ;DaGwL Joj:yf
-!_ C0fLn] k]z u/]sf] lnlvt sfo{ of]hgfdf pNn]lvt b]xfosf cfwf/x?df Ohfhtkqk|fKt ;+:yf ljZj:t
ePdf shf{x?nfO{ k'g/tflnsLs/0f jf k'g/;+/rgf ug{;Sg] 5 . shf{ k'g/tflnsLs/0f jf k'g/;+/rgf
ul/Psf :ki6 cfwf/x? k|To]s shf{ kmfO{ndf ;+nUg x'g'kg]{ 5 M–
-s_ shf{ ;DaGwL sfuhft tyf ;'/If0fx? kof{Kt ePsf] k|df0f,
-v_ k'g/tflnsLs/0f jf k'g/;+/rgf ePsf shf{ c;'n x'g] ;Defjgf jf/] Ohfhtkqk|fKt ;+:yf
ljZj;gLo ePsf] cfwf/x? /

35
-u_ shf{nfO{ k'g/tflnsLs/0f jf k'g/;+/rgf ug{ lnlvt sfo{ of]hgf k]z x'g'sf cltl/Qm To:tf]
shf{ k'g/tflnsLs/0f jf k'g/;+/rgf ubf{sf] lbg;Dd kfs]sf] JofhdWo] c;'n x'g afFsL Aofhsf]
slDtdf kRrL; k|ltzt Aofh /sd c;'npk/ ePsf] .
-@_ g]kfn ;/sf/ cGt/ut /x]sf] ?U0f pBf]u k|f/lDes 5fgljg tyf l;kmfl/z ;ldltåf/f l;kmfl/z k|fKt
pBf]ux?nfO{ uPsf] shf{ k'g/tflnsLs/0f jf k'g/;+/rgf ug'{kg]{ cj:yfdf Go"gtd jfx| k|ltzt Aofh
e'QmfgL eO{ cGo k|s[ofx? ;d]t k'/f u/]kl5 shf{ k'g/tflnsLs/0f jf k'g/;+/rgf ubf{ Go"gtd kRrL;
k|ltzt shf{ gf]S;fgL Joj:yf ug]{ . t/, jfx| k|ltzt eGbf sd Aofh e'QmfgL eO{ shf{
k'g/tflnsLs/0f jf k'g/;+/rgf ul/Psf] cj:Yffdf ;fljssf] efvf gf3]sf] cjlwsf] cfwf/df k|rlnt
Joj:yf adf]lhd shf{ gf]S;fgLsf] nflu Joj:yf ug'{kg]{ 5 .
-#_ pkbkmf -!_ / -@_ adf]lhd juL{s/0f ul/Psf shf{x?sf] laj/0f 5'§} tof/ ug'{kg]{ 5 .
l6Kk0fLM
* o; k|of]hgsf] nflu æk'g/tflnsLs/0fÆ eGgfn] u|fxsn] lnPsf] shf{÷;'ljwfsf] e'QmfgL ug]{ cjlw÷;do
a9fpg] k|lqmofnfO{ ;Demg' k5{ .
* æk'g/;+/rgfÆ eGgfn] shf{÷;'ljwfsf] k|s[lt jf zt{df kl/jt{g ug]{ aGb]hx? yk36 ug]{ jf ;do ;Ldfdf
x]/km]/ ug]{ k|lqmofnfO{ ;Demg' k5{ .
(= shf{ gf]S;fgL jfkt sfod ug'{kg]{ Joj:yf
-!_ o; lgb]{zg adf]lhd juL{s/0f ul/Psf shf{ tyf laN; vl/bx?sf] nflu aSof}tf ;fFjf /sdsf] cfwf/df
b]xfo jdf]lhd shf{ gf]S;fgL Joj:yf sfod ug'{kg]{ 5 M–
shf{ juL{s/0f Go"gtd shf{ gf]S;fgL Joj:yf
-s_ c;n ! k|ltzt
-v_ sd;n @% k|ltzt
-u_ z+sf:kb %) k|ltzt
-3_ v/fj !)) k|ltzt
t/, jLdf ul/Psf shf{x?sf] xsdf pkbkmf -!_ df pNn]v ul/Psf] k|ltztsf] kRrL; k|ltzt dfq
shf{ gf]S;fgL Joj:yf sfod u/] k'Ug] 5 .
-@_ k'g/;+/rgf jf k'g/tflnsLs/0f u/]sf] shf{ ePdf To:tf shf{ jfkt b]xfo adf]lhd shf{ gf]S;fgL
Joj:yf sfod ug'{kg]{ 5 .
-s_ k'g/;+/rgf jf k'g/tflnsLs/0f ubf{sf] cj:yfdf c;n ju{df juL{s/0f e}/x]sf shf{x?nfO{
k'g/;+/rgf jf k'g/tflnsLs/0f ubf{ Go"gtd ;f9] jfx| k|ltzt -!@=%%_shf{ gf]S;fgL Joj:yf
ug'{kg]{ 5 . sdzn, z+sf:kb tyf v/fj ju{df juL{s/0f e};s]sf shf{x?nfO{ k'g/;+/rgf jf
k'g/tflnsLs/0f ubf{ k"j{jt sfod ul/Psf] shf{ gf]S;fgL Joj:yfdf s'g} ;dfof]hg ug{ kfO{g] 5}g .
t/ shf{ k'g/;+/rgf jf k'g/tflnsLs/0f u/L shf{ k'g/juL{s/0f ePdf k'g/;+/rgf jf
k'g/tfnsLs0f ul/Psf shf{sf] ;fFjf tyf Jofhsf] e'StfgL nuftf/ b'O{ jif{;Dd lgoldt ePdf
dfq shf{ gf]S;fgL Joj:yfnfO{ ;dfof]hg ug{ ;lsg] 5 . o:tf shf{x?sf] ljj/0f cnUu} tof/
ug'{kg]{ 5 .
ls:tfaGbLdf k|bfg ul/Psf cfjlws shf{x? -Term Loan_ sf] xsdf shf{sf] ;fFjf tyf Aofh
lgoldt /x]sf] / shf{sf] ls:tf clu|d e'StfgL ePsf] -Prepayment_ sf/0fn] dfq shf{sf] ;dofjlw
tyf ls:tf /sd kl/jt{g x'g] u/L shf{ k'g/;+/rgf jf k'g/tflnsLs/0f ul/Pdf To:tf] shf{sf]
nflu c;n shf{ ;/x ! k|ltzt shf{ gf]S;fgL Joj:yf sfod ug{kfO{g] 5 . ;fy}, ahf/sf] cj:yf
x]/L Jofhb/ ;dfof]hg u/]sf] sf/0faf6 Jofhb/ kl/jt{g ul/Psf] shf{df ;d]t ;fFjf tyf Jofh
lgoldt /x]sf] cj:yfdf Ps -!_ k|ltzt shf{ gf]S;fgL Joj:yf sfod ug{;lsg] 5 .
-v_ k'g/;+/rgf jf k'g/tflnsLs/0f ul/Psf shf{sf] ;fFjf ls:tf tyf Jofhsf] e'QmfgL nuftf/ b'O{
jif{;Dd lgoldt ePsf] cj:yfdf To:tf shf{x?nfO{ c;n shf{df kl/0ft ug{;lsg] 5 .
-u_ a}+s tyf ljQLo ;+:yfn] k|fylds z]o/ lg:sf;g (Initial Public Offering) df nufgL ug]{
nufgLstf{x?nfO{ k|bfg u/]sf] shf{ tyf z]o/sf] lwtf]df k|bfg u/]sf] shf{x?nfO{ k'g/;+/rgf jf
k'g/tflnsLs/0f ug{kfOg] 5}g .
-#_ o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] o; a}+ssf] lgb]{zg adf]lhd ljkGg ju{df k|jfx
ePsf] shf{ (Deprived Sector Lending) nfO{ lgIf]k tyf shf{ ;'/If0f lgudaf6 ;'/If0f u/fPsf] cj:yfdf

36
jf cGo shf{x? klg ljdf u/fPsf] cj:yfdf To:tf] ;'/If0f u/]sf] shf{sf] nflu ug'{kg]{ shf{ gf]S;fgL
Joj:yf -Loan Loss Provision_ df &% k|ltzt 5'6 lbO{ afFsL @% k|ltzt dfq Joj:yf u/] k'Ug] 5 .
-$_ a}+s tyf ljQLo ;+:yfx?n] z'? z]o/ lg:sfzg -Initial Public Offering - IPO_ x'Fbfsf] cj:yfdf z]o/
vl/bsf nflu a'emfOg] cfj]bgsf] cw{s6\6Lsf] ;'/If0fdf s'g} klg lsl;dsf] shf{ k|jfx ug{ gkfOg] /
o; cl3 shf{ k|afx eO{;s]sf] eP To:tf] shf{sf] xsdf ;DalGwt a}+s tyf ljQLo ;+:yfn] zt
k|ltzt shf{ gf]S;fgL Joj:yf sfod ug'{kg]{ 5 .
-%_ JolQmut÷;+:yfut hdfgLdf shf{ k|bfg ubf{ C0fLsf] JolQmut hdfgL /sd a/fa/sf] cGo s;}sf]
bfjL gnfUg] ;DklQsf] laj/0f clgjfo{ ?kdf lng' kg]{5 . JolQmut÷;+:yfut hdfgLdf dfq} k|jflxt
shf{nfO{ klg pk/f]Qmfg';f/ juL{s/0f u/L c;n, sd;n / z+sf:kb shf{df kg]{ eP ;f] ju{df
tf]lsPsf] k|ltztsf] cltl/Qm aL; k|ltzt yk u/L shf{ gf]S;fgL Joj:yf sfod ug'{kg]{ 5 . cGo
ef}lts ;DklQsf] ;'/If0fn] gvfDg] eO{ yk ;'/If0f jfkt JolQmut÷;+:yfut hdfgt ;d]t lnO{ shf{
k|jfx u/]sf] cj:yfdf ;d]t dfly pNn]v eP adf]lhd yk shf{sf] nflu Joj:yf ug'{kg]{ 5 . o:tf
shf{x?sf] juL{s/0f laj/0f 5'§} tof/ ug'{kg]{ 5 . t/ O=k|f=lgb]{zg g+= # sf] bkmf $ sf] v08 -v_ df
plNnlvt ;+:yfx?, g]kfn cfon lgud lnld6]8 / g]kfn vfB ;+:yfgnfO{ k|bfg u/]sf] shf{ ;fk6Ldf
cltl/Qm aL; k|ltzt shf{ gf]S;fgL Joj:Yff sfod ug'{kg]{ 5}g .
-^_ a}+s tyf ljQLo ;+:yfx?n] n3' ljQLo ;+:yf Pj+ ;xsf/L ;+:yfx?nfO{ ljkGg ju{ shf{ cGtu{t nufgL
u/]sf] shf{df dfly pkbkmf -#_ adf]lhd tf]lsPsf] shf{ gf]S;fgL Joj:yfdf cltl/Qm jL; k|ltzt yk
shf{ gf]S;fgL Joj:yf ug'{kg]{ 5}g . ;fy}, JolQmut hdfgLdf k|jfx eO/x]sf] lzIff shf{sf nflu yk
@) k|ltzt gf]S;fgL Joj:yf ug'{kg]{ 5}g .
-&_ Ohfhtkqk|fKt ;+:yfn] rfx]df dflyNnf] ju{sf] shf{ ;fk6x?nfO{ tNnf] ju{df juL{s/0f ug{ s'g} aGb]h
nufOPsf] 5}g . pbfx/0fsf nflu sd;n shf{nfO{ z+sf:kb jf v/fa shf{df / z+sf:kbnfO{ v/fj
shf{df juL{s/0f ug{kfOg] 5 .
-*_ shf{÷;fk6 eGgfn] ljN; vl/b tyf l8:sfp06 ;d]tnfO{ ;Demg'kg]{ 5 .
l6Kk0fLM ;lqmo shf{sf] nflu ul/Psf] shf{ gf]S;fgL Joj:yfnfO{ æ;fdfGo shf{ gf]S;fgL Joj:yf (General
Loan Loss Provision)" / lgl:qmo shf{sf] nflu ul/Psf] shf{ gf]S;fgL Joj:yfnfO{ æljz]if shf{
gf]S;fgL Joj:yf (Specific Loan Loss Provision)" sf] ?kdf lnOg]] 5 .
!)= shf{ gf]S;fgL Joj:yfnfO{ ;dfof]hg ug{ kfpg] cj:yf
shf{ gf]S;fgL Joj:yfnfO{ b]xfosf] cj:yf afx]s ;dfof]hg ug{kfOg] 5}g M–
-s_ shf{ ckn]vg ePdf .
-v_ shf{sf] e'QmfgL ls:tfjGbL jf cf+lzs ?kdf ePdf shf{ juL{s/0f cg'?ksf] shf{ gf]S;fgL Joj:yf
sfod ubf{ e'QmfgL ePsf] xb;Ddsf] shf{ jfkt ul/Psf] shf{ gf]S;fgL Joj:yfnfO{ Write back u/L
;dfof]hg ug{ ;lsg] .
-u_ shf{ k'g/tflnsLs/0f jf k'g;{+/rgf u/L shf{ k'g/juL{s/0f ePdf k'g/;+/rgf jf k'g/tflnsLs/0f ul/Psf
shf{sf] ;fFjf tyf Jofhsf] e'QmfgL nuftf/ b'O{ jif{;Dd lgoldt ePdf .
!!= u}/ a}+lsË ;DklQsf] gf]S;fgL Joj:yf ;DaGwdfM
-!_ Ohfhtkqk|fKt ;+:yfx?n] ;sf/ u/]sf] u}/ a}+lsË ;DklQdf ;sf/ u/]s} cfly{s jif{b]lv zt k|ltzt
gf]S;fgL Joj:yf sfod ug'{kg]{ 5 .
-@_ u}/ a}+lsË ;DklQ ljqmL ePsf] cj:yfdf h'g cfly{s jif{df ljqmL ePsf] xf] ;f]xL cfly{s jif{sf] gfkmf–
gf]S;fg lx;fjdf To:tf] ;DklQsf nflu v8f ul/Psf] gf]S;fgL Joj:yfsf] cfjZos lx;fjldnfg ug{'kg]{ 5 .
!@= Credit Purchase/Re-purchase tyf Takeover ;DaGwL Joj:yf
!= o; a}+sn] tf]s]sf] k'FhLsf]if kof{Kt gePsf a}+s tyf ljQLo ;+:yfx?n] o; a}+ssf] k"j{ :jLs[lt glnO{ cGo
s'g} klg a}+s tyf ljQLo ;+:yfx?af6 s'g} lsl;dsf] C0f, shf{ cflb vl/b u/L lng, Discount u/L lng,
SWAP u/L lng tyf Credit Purchase/Repurchase / Takeover ug{kfpg] 5}g .
@= o; a}+sn] tf]s]sf] k'FhLsf]if kof{Kt ePsf a}+s tyf ljQLo ;+:yfx?n] shf{ Swap ubf{ tyf Credit
Purchase/Repurchase / Takeover ubf{ b]xfosf zt{ aGb]hsf] cwLgdf /xL ug{;Sg] 5 .
-s_ shf{ Swap u/L lng] a}+s tyf ljQLo ;+:yfn] pQm shf{df lng] Jofhb/ h'g a}+s÷ljQLo
;+:yfaf6 shf{ Swap u/L lbg] xf] pQm a}+s÷ljQLo ;+:yfn] lng] Jofhb/ eGbf sd x'g'kg]{ 5 .

37
-v_ a}+s÷ljQLo ;+:yfn] shf{ Swap ug{ lbg' cl3sf] cj:yfdf ;d]t o; a}+sn] tf]s]sf] k'FhLsf]if
sfod u/]sf] x'g'kg]{ 5 .
-u_ Psk6s Swap ul/;s]sf] shf{ Repurchase ug{ kfO{g] 5}g .
-3_ shf{ Swap u/L lng]÷lbg] ;DaGwdf a}+s÷ljQLo ;+:yfn] cfˆgf] shf{ gLltdf :ki6 Joj:yf
ug'{kg]{ 5 .
-ª_ cfly{s jif{sf] clGtd dlxgfdf Swap ;DaGwL sfo{ ug{ kfO{g] 5}g .
#= a}+s tyf ljQLo ;+:yfx?n] o;/L shf{ vl/b÷ljqmL (Purchase and Sale) ubf{ sy+sbflrt vl/bstf{ ;+:yfn]
shf{ p7fpg g;s]df ;f] shf{ k'gM cfkm}n] vl/b ug]{ (Credit Repurchase) zt{ /x]sf] cj:yfdf ljqmLstf{
;+:yfn] To:tf] shf{ Repurchase gu?~h]n Contingent Liability sf] ?kdf cfˆgf] jf;nftdf b]vfpg'kg]{ /
o:tf] Contingent Liability nfO{ k'FhLsf]if u0fgf ug]{ k|of]hgsf] nflu %) k|ltzt dfq hf]lvd ef/ k|bfg
ug'{kg]{ 5 .
!#= ljQLo hdfgtsf] cfwf/df shf{ lbg tyf lgIf]k :jLsf/ ug{ gkfpg] ;DaGwL Joj:yf
:jb]zdf :yfkgf eO{ ;~rfngdf /x]sf a}+s tyf ljQLo ;+:yfx?n] hf/L u/]sf] ljQLo hdfgt (Financial
Guarantee) sf cfwf/df s'g} klg a}+s tyf ljQLo ;+:yfx?n] shf{ lbg tyf lgIf]k :jLsf/ ug{kfpg] 5}g .
!$= lgIf]k /fVg tyf shf{sf] sf/f]jf/ ug{] ;DaGwdf
!= Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# afx]s cGo
k|rlnt sfg'g adf]lhd lgIf]k kl/rfng tyf shf{sf] sf/f]jf/ ul//x]sf ;+:yfx?df lgIf]k /fVg tyf
shf{sf] sf/f]jf/ ug{ kfOg] 5}g . t/, n3'ljQ dfqsf] yf]s sf/f]jf/ ug]{ u/L :yfkgf ePsf ;+:yfx?sf]
xsdf eg] pk/f]Qm Joj:yf nfu' x'g] 5}g .
@= a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# afx]s cGo k|rlnt sfg'g adf]lhd lgIf]k kl/rfng tyf
shf{sf] sf/f]jf/ ul//x]sf ;+:yfx?n] o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfdf ;a} k|sf/sf
lgIf]k /fVg / d'2tL lgIf]k /l;bsf] lwtf]df shf{ lng pk/f]Qm a'Fbf g+ ! sf] Joj:yfn] afwf k'Ug]5}g .
t/, o;/L d'2tL lgIf]k /l;bsf] lwtf]df shf{ lb+bf h'g a}+s÷ljQLo ;+:yfdf lgIf]k /fv]sf] xf] ;f]xL
a}+s÷ljQLo ;+:yfaf6 dfq To:tf] shf{ k|bfg ug'{kg]{ 5 . cfkm\gf] d'2lt /l;b /x]sf] ;+:yf afx]s cGo
a}+s÷ljQLo ;+:yfaf6 o; cl3 k|jflxt shf{sf] xsdf e'QmfgL ldlt -Maturity Date_ kZrft gjLs/0f
u/L shf{ k|jfx ug{ kfOg] 5}g .
#= Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfn] d'2tL lgIf]k /l;b -Fixed Deposit Receipt_ sf] lwtf]df shf{
k|jfx ubf{ c+lst Jofhb/ -Coupon Rate_ eGbf sd Jofhb/ gx'g] u/L ;+:yfsf] shf{ gLlt lgb]{lzsfsf]
kl/lwleq /x]/ shf{÷;fk6 pknAw u/fpg ;Sg]5g\ . t/, g]kfn ;/sf/n] hf/L u/]sf] C0fkq÷
;'/If0fkqsf] lwtf]df shf{ k|jfx ubf{ pNn]lvt Joj:yf nfu" x'g] 5}g .
$= Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] s'g} klg JolQm, kmd{, sDkgL / cGo ;+ul7t ;+3 ;+:yfx?af6
s'g} klg k|sf/sf] lgIf]k :jLsf/ ubf{ To:tf] lgIf]kdf lbOg] c+lst Jofhb/ -Coupon Rate_ afx]s cGo
s'g} klg k|sf/sf] z'Ns÷sld;g jf o:t} cGo zLif{saf6 a}+s tyf ljQLo ;+:yfnfO{ Jooef/ kg]{ s'g}
k|sf/sf] cfly{s ;'ljwf lbg kfOg] 5}g .
!%= Initial Public Offering df nufgL ug{sf nflu a}+s tyf ljQLo ;+:yfx?n] shf{ k|bfg ug]{ ;DaGwdf .
Public Limited Company n] ;j{;fwf/0fdf k|fylds z]o/ lg:sf;g -Initial Public Offering -IPO)
sf]] nflu z]o/ laqmL v'Nnf u/]sf] klxnf]] ;ft sfo{lbg;Dd a}+s tyf ljQLo ;+:yfn] To:tf] z]o/ vl/b ug]{
k|of]hgsf nflu s'g} klg lsl;dsf] shf{ ;'ljwf k|bfg ug{ gkfpg] . t/, To;/L cfXjfg u/]sf] klxnf] ;ft
sfo{lbg ;Dddf klg dfu u/] adf]lhdsf] z]o/sf nflu cfj]bg gk/]df -Fully Subscribe) gePdf ;f]sf]
cf7f} sfo{ lbgb]lv b]xfo adf]lhdsf zt{x?sf] cwLgdf /xL IPO sf nflu shf{ k|bfg ug{ ;Sg] .
s= Initial Public Offering sf] sfo{ ;DkGg ug{sf nflu lgo'Qm ePsf] lgisfzg k|aGws -Issue
Manager) o; a}+ssf] Ohfhtkqk|fKt ;+:yf ePdf ;f] ;+:yfn] s'g} klg JolQm÷kmd{÷sDkgLnfO{ Initial
Public Offering sf nflu shf{ k|bfg ug{ kfpg] 5}g .
v= a}+s tyf ljQLo ;+:yfn] Initial Public Offering df nufgL ug]{ nufgLstf{x?nfO{ k|bfg ug]{ shf{sf]
sDtLdf %) k|ltzt gub dflh{g /fv]/ dfq shf{ k|bfg ug'{kg]{ 5 .
u= o;/L k|bfg ul/Psf] shf{sf] e'QmfgL cjlw a9Ldf lwtf]kq P]g, lgodfjnL / lwtf]kq;+u ;DalGwt
lgodx?df z]o/ afF8kmfF8sf] nflu tf]s]sf] ;do cjlw;Dd x'g] / o:tf] shf{sf] k'g{;+/rgf /
k'gtf{nLsLs/0f ug{ kfO{g] 5}g .
38
3= o:tf] shf{ k|jfx ubf{ klg cGo shf{ k|bfg ubf{ cjnDag ug'{kg]{ ;Dk"0f{ k|ls|of k"/f u/]sf] x'g'kg]{ 5 .
ª= o:f/L k|jfx ePsf] shf{ c;n shf{df /x]sf] cj:yf afx]s cGo cj:yfdf zt\ k|ltzt shf{ gf]S;fgL
Joj:yf ug'{kg]{ 5 .
!^= Margin Lending k|s[ltsf] z]o/ ;'/If0f /fvL k|jfx x'g] shf{sf ;DaGwdf
-s_= g]kfn lwtf]kq ljlgdo ahf/ ln=df ;"lrs[t ;+:yfx?sf] z]o/sf] lwtf]df a}+s tyf ljQLo ;+:yfaf6
k|jfx x'g] Margin Lending k|s[ltsf]] shf{sf ;DaGwdf b]xfosf zt{x? kfngf u/]/ dfq ;f] cg';f/sf]
shf{ k|bfg ug{ ;lsg] 5 .
-!_ o;/L k|jfx x'g] shf{sf] xsdf ;'/If0f afkt /flvg] z]o/sf] d"NofÍg ubf{ kl5Nnf] !*) sfo{
lbgsf] clGtd d"No (Closing Price) sf] cf}ift d"Nosf] cfwf/df a9Ldf %) k|ltzt jf z]o/sf]
k|rlnt jhf/ d"Nosf] %) k|ltztdWo] h'g sd x'G5 ;f] /sd;Dd dfq shf{ lbg ;lsg] 5 .
Psk6s k|jfx ul/;s]sf] o:tf] shf{sf] ;'/If0fdf /x]sf] z]o/sf] k"gd"{NofÍg u/L ;f]sf] cfwf/df
yk shf{ ;Ldf sfod ug{ jf yk shf{ k|bfg ug{kfOg] 5}g .
l6Kk0fLM o; k|of]hgsf] nflu sfo{ lbg eGgfn] g]kfn lwtf]kq ljlgdo jhf/ lnld6]8sf] sf/f]jf/ ;~rfng
ePsf] lbgnfO{ ;Demg' kb{5 . s'g} sfo{ lbgdf s'g} z]o/sf] sf/f]jf/ gePsf] cj:yfdf ;f] lbgsf]
nflu ;d]t pQm lbgeGbf 7Ls cufl8 sf/f]jf/ ePsf] lbgsf] clGtd sf/f]jf/ d"NonfO{ lng'kg]{ 5 .
-@_ Margin Call ;DaGwL Joj:yfM
-s_ z]o/sf] ahf/ d"Nodf x'g] kl/jt{gsf] sf/0fn] Margin Call ug{'k/]df ;DalGwt a}+s tyf
ljQLo ;+:yfn] x/]s xKtfsf] z'qmaf/ d"No cg'udg u/L C0fL u|fxsnfO{ ;"rgf u/L a9Ldf
@! lbg leqdf lgb]{lzt ;Ldfleq Nofpg] u/L Margin Call ug{'kg]{ 5 .
-v_ v08 -s_ adf]lhd ;"rgf hf/L u/]kl5 ;DalGwt a}+s tyf ljQLo ;+:yfn] tf]lsPsf]
;dofjlwleq ;DalGwt C0fL÷u|fxsaf6 Margin jfktsf] /sd hDdf u/fO{ ;Sg'kg]{ 5 .
-u_ v08 -v_ cg'?k gePdf To;kl5sf] & lbg leqdf To;/L ;'/If0f /flvPsf] z]o/ lwtf]kq
ljlgdo ahf/ dfkm{t\ ljqmL u/L shf{ c;'n pk/ u/L ;Sg'kg]{ 5 .
-3_ v08 -u_ cg'?k c;'n pk/ gePdf To:tf] shf{sf] nflu zt k|ltzt shf{ gf]S;fgL
Joj:yf sfod ug'{kg]{ 5 .
-#_ o;/L k|jfx ePsf] shf{sf] cjlw Ps jif{eGbf a9L x'g] 5}g / To:tf] shf{ gjLs/0f, k'g;{+/rgf
/ k'gtf{lnsLs/0f ug{ ;d]t kfOg] 5}g . t/, cGo k|of]hgsf] nflu k|jfx ePsf] shf{sf] nflu
yk ;'/If0f:j?k C0fLn] lbPsf] z]o/ lwtf]sf] xsdf of] Joj:yf nfu" x'g] 5}g . ;fy}, To:tf]
shf{ s'g k|of]hgsf nflu k|jfx ul/Psf] jf pkof]u ePsf] eGg] ;DaGwdf ;DalGwt a}+s÷ljQLo
;+:yfn] cfjZos ;"rgf, tYof+s / ljj/0f ;DalGwt shf{ kmfOndf cBfjlws u/]sf] x'g'kg]{ 5 .
;f] ;DaGwdf yk lwtf] ;'/If0f:j?k lnOg] To:tf] z]o/, cltl/St lwtf]sf] ?kdf dfq /xg] 5 .
pbfx/0fM 3/hUuf vl/b÷lgdf{0fsf] nflu To:tf] 3/hUuf g} k|fylds lwtf]sf] ?kdf /fvL pQm
k|fylds lwtf]]n] g} shf{ ;'/lIft e}/x]sf] cj:yfdf cltl/St ;'/If0f jfkt yk z]o/ lwtf] lnPsf]]
ePdf To:tf] shf{ gjLs/0f, k'g;{+/rgf / k'gtf{lnsLs/0f ug{kfOg] 5 . o;}u/L, Joj;flos /
cf}Bf]lus shf{sf] xsdf kl/of]hgf / cGo l:y/ ;DklQsf cltl/St yk ;'/If0fsf] ?kdf z]o/
lwtf] lnOPsf] cj:yf ePdf ;d]t gjLs/0f, k'g;{+/rgf / k'gtf{lnsLs/0f ug]{ ;'ljwf kfOg] 5 .
t/, ;+:yfut / JolQmut hdfgtnfO{ dfq k|fylds lwtf]sf] ?kdf lnO{ cltl/St ;'/If0f jfkt
z]o/ lwtf] /x]sf] cj:yfdf eg] gjLs/0f, k'g;{+/rgf / k'gtf{lnsLs/0f ug{ kfOg] 5}g .
-$_ b]xfosf cj:yfsf ;+:yfx?sf] z]o/sf] lwtf]df shf{ k|bfg ug{ kfOg] 5}g .
-s_ o; a}+ssf] lgb]{zg jdf]lhd k'FhLsf]ifsf] cg'kft sfod gu/]sf a}+s tyf ljQLo ;+:yfx?,
-v_ g]6jy{ C0ffTds ePsf ;+:yfx?,
-u_ g]kfn lwtf]kq ljlgdo jhf/ lnld6]8n] ;"rLs/0faf6 x6fPsf (Delisted) ;+:yfx?,
-3_ cfly{s jif{ ;dfKt ePsf] Ps jif{ cjlw k'/f x'Fbf ;d]t clGtd n]vfk/LIf0f gu/fPsf
;+:yfx?,
-%_ o:tf] shf{ k|bfg ug]{ ;DaGwdf a}+s tyf ljQLo ;+:yfsf] cfkm\gf] shf{ gLlt÷lgb]{lzsf df :ki6
Joj:yf ePsf] x'g'kg]{ 5 .
-^_ o:tf] shf{ k|bfg ubf{ cGo shf{ k|bfg u/] ;/x cjnDag ug'{kg]{ ;Dk"0f{ k|ls|of k'/f u/]sf]
x'g'kg]{ 5 .
39
-&_ o:f/L k|jfx ePsf] shf{ c;n shf{df /x]sf] cj:yfdf afx]s cGo cj:yfdf zt\ k|ltzt shf{
gf]S;fgL Joj:yf sfod ug'{kg]{ 5 .
-*_ a}+s tyf ljQLo ;+:yfx?n] j9Ldf cfkm\gf] k|fylds k'FhL (Core Capital) a/fa/sf] /sd;Dd
dfq o; k|s[ltsf] shf{ k|jfx ug{;Sg] 5 . ;fy}, o;/L shf{ k|bfg ubf{ a}+s tyf ljQLo ;+:yfn]
Pp6f ;"rLs[t sDkgLsf] z]o/sf] xsdf cfkm\gf] k|fylds k'FhL (Core Capital) sf] a9Ldf @%
k|ltztdf ggf£g] u/L dfq shf{ k|jfx ug'{kg]{ 5 .
o; k|of]hgsf] nflu k|fylds k'FhL (Core Capital) eGgfn] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f
ePsf] ljQLo ljj/0fsf] cfwf/df sfod x'g cfPsf] k|fylds k'FhL ;Demg' kb{5 .
-(_ ljutdf cfkm\gf] k|fylds k'FhL (Core Capital) eGbf a9L shf{ k|bfg u/]sf a}+s tyf ljQLo
;+:yfn] lgwf{l/t ;Ldfdf gcfP;Dd o:tf] k|s[ltsf] yk shf{ k|jfx ug{ kfOg] 5}g .
-!)_ a}+s tyf ljQLo ;+:yfx?n] o:tf] shf{ k|jfx ubf{ z]o/sf] ;Ssn k|df0fkq lwtf] /fv]/ dfq shf{
k|bfg ug'{kg]{ 5 .
-v_= a+}s tyf ljQLo ;+:Yffx?n]] k|jfx ePsf shf{sf] c;'nL k|of]hgsf] nflu lwtf] :j?k lnO{Psf z]o/sf]
;DaGwdf
!= a}+s tyf ljQLo ;+:yfx?af6 k|jfx ePsf shf{sf] c;'nL k|of]hgsf] nflu lwtf] :j?k lnO{Psf
o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?sf] z]o/ ;sf/ u/L To:tf shf{ c;'nL
ug{ kfO{g] 5}g .
@= o; cl3 o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfsf] z]o/ ;sf/ u/L shf{ c;'nL
u/]sf] ePdf ldlt @)^^.#.@% ut] leqdf ;sf/ ul/Psf z]o/x? clgjfo{ ?kn] laqmL ul/;Sg'
kg]{ Joj:yf ul/Psf]df pQm cjlwleq laqmL x'g g;sL afFsL /x]sf z]o/x?sf] xsdf z]o/
;sf/ u/]sf] d"No a/fa/n] x'g cfpg] /sdsf] zt\ k|ltzt gf]S;fgL Joj:yf ug'{kg]{ 5 .
!&= a}+s hdfgt -Bank Guarantee_ ;DaGwdf
-s_ a}+s tyf ljQLo ;+:yfx?n] k|ls|of k'/f u/L hf/L u/]sf a}s hdfgt -Bank Guarantee_ afktsf] /sd
s'g} sf/0f k/L Beneficiary nfO{ e'QmfgL lbg' kg]{ cj:yfdf dfu bfjL k/]sf] ;ft lbg leq e'QmfgL
lbg]÷glbg] ;DaGwdf 6'Ëf] nufO;Sg' kg]{5 .
-v_ o:f/L bfjL k/]sf] ;ft lbg leqdf a}+s hdfgt hf/L ug]{ ;+:yfn] Beneficiary nfO{ e'QmfgL lbg' kg]{
cj:yfdf kof{Kt cfwf/ lagf e'QmfgL gu/]sf] kfO{Pdf ;DalGwt a+}s tyf ljQLo ;+:Yffsf] o; a}+sdf
/x]]sf] vftf÷o; a}+sn] cfb]z lbPsf] a}+ssf] vftfaf6 s§f u/L ;DalGwt Beneficiary nfO{ e'QmfgL ug{
;lsg] 5 .
-u_ o;/L e'QmfgLsf nflu bfjL k/]sf] hdfgt afktsf] ;+efljt bfloTjnfO{ k'FhLsf]ifsf] cg'kft u0fgf ug]{
k|of]hgsf nflu @)) k|ltztn] hf]lvd ef/ k|bfg ug'{kg]{ 5 .
!*= o; a}+saf6 Ohfhtkqk|fKt æsÆ, ævÆ / æuÆ ju{sf a}s tyf laQLo ;+:yfx?n] Pscfk;df k|bfg ug]{
;fk6L÷nufgLnfO{ lgoldt shf{ ;fk6 -Regular Credit Facility_ sf] ?kdf geO{ cGt/a}+s sf/f]jf/÷;fk6L÷
nufgL -Interbank Transactions/Borrowings/Investment_ sf] ?kdf dfq k|of]u ug{ kfO{g]5 .
!(= :jLs[t ef}uf]lns sfo{If]q leq crn ;DklQ lwtf] /fvL shf{ k|jfx ug]{ ;DaGwdf
o; a}+saf6 Ohfhtkqk|fKt /fli6«o:t/sf a}+s tyf ljQLo ;+:yfx? afx]s cGo ;+:yfx?n] crn ;DklQ lwtf]
/fvL shf{ k|jfx ug]{ k|of]hgsf nflu kl/of]hgf shf{ afx]ssf cGo k|s[ltsf shf{sf] xsdf To:tf] lwtf]
:jLs[t cfkm\gf] ef}uf]lns sfo{If]q leqs} x'g'kg]{ 5 . ;fy}, of] lgb]{zg hf/L x'g' cufj} tf]lsPsf] cfkm\gf]
sfo{If]q eGbf aflx/sf] crn ;DklQ lwtf] lnO{ k|jfx ePsf] kl/of]hgf afx]ssf shf{sf]] xsdf @)^^ kf}if
d;fGtleq jf e'StfgL cjlw -Maturity Period_ dWo] h'g cl3 x'G5, To; ;do ;Ldfleq pk/f]Qm cg';f/sf]
sf/f]jf/nfO{ ;dfof]hg u/L;Sg' kg]{ 5 . o;/L tf]lsPsf] ;do;Ldf leqdf To:tf] shf{nfO{ o; lgb]{zg
adf]lhd ;dfof]hg ug{ g;s]df To:tf] shf{ c;'nL geP;Dd zt\k|ltztn] shf{ gf]S;fgL Joj:yf sfod
ug'{kg]{ 5 .
@)= kof{j/0fLo k|efjsf] ljZn]if0f u/]/ dfq shf{ k|jfx ug]{ ;DjGwL Joj:yf
d'n'se/sf tfn, tn}of, bx, s'08 / kf]v/L If]q j/k/ jf cf;kf;df aGg] xf]6n, l/;f]6{ nufotsf s'g} klg
k|s[tLsf pBf]ux?df a}+s tyf ljQLo ;+:yfx?n] shf{ nufgL ug'{k"j{ clgafo{ ?kdf kof{j/0fLo k|efjsf]
ljZn]if0f u/L To:tf tfn, tn}of, s'08, bx / kf]v/Lx?df k|lts"n c;/ gkg]{ 7x/ tyf olsg u/]/ dfq shf{
k|jfx ug'{kg]{ 5 .
40
@!= hdfgt lbPsf] cj:yfdf hdfgLkqdf pNn]v u/]sf] /sd;Dd dfq lhDd]jf/ x'g] .
hdfgt lbPsf] cj:yfdf hdfgLkqdf pNn]v u/]sf] /sd eGbf a9L /sdsf] nflu hdfgL lbg] JolQm÷kmd{÷
sDkgL÷;+:yfnfO{ s'g} klg cj:yfdf lhDd]jf/ gu/fOg] ;DaGwL k|fjwfg hdfgLkq tof/ ubf{s} cj:yfdf
hdfgL /sd, cjlw, C0fsf] k|of]hg, k|d'v C0fL, ;fIfL, hdfgtstf{sf] gfd, 7]ufgf, ;f] sf] ;gfvt nufotsf
ljifox? :ki6 ?kdf pNn]v x'g'kg]{ 5 .
@@= shf{ ;fk6sf] juL{s/0f ljj/0f k7fpg] ;DaGwL Joj:yf
Ohfhtkqk|fKt ;+:yfn] cfly{s jif{sf] cflZjg, kf}if, r}q / cfiff9 d;fGtdf shf{ juL{s/0f u/L ;+nUg lgb]{zg
kmf=g=@=!, @=@ / @=# cg';f/sf laj/0fx? qodf; ;dfKt ePsf] Ps dlxgfleq o; a}+ssf] a}+s tyf ljQLo
;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefudf k7fpg'kg]{ 5 .
@#= lgb]{zg kfngf gu/]df x'g ;Sg] sf/jfxLx?
Ohfhtkqk|fKt ;+:yfn] of] lgb]{zg kfngf gu/]df g]kfn /fi6« a}+s P]g, @)%* sf] bkmf !)) jdf]lhd sf/jfxL
x'g]5 .
@$= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] shf{÷;fk6sf] juL{s/0f / shf{ gf]S;fgL
;DaGwL O=k|f lgb]{zg g+= @÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9
d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg] 5 .

41
lgb]{zg kmf=g+=@=!
shf{, ;fk6 tyf laN; vl/b juL{s/0f / ;f]sf] nflu Joj:yf
- === === === === === d;fGt _
-¿=xhf/df_
shf{ tyf ;fk6 v/Lb tyf l8isfpG6
ul/Psf laN;
ut ljj/0f :jb]zL o;
qodf; ljkGg ju{ ljb]zL hDdf :jb]zL ljb]zL hDdf qodf;
ljldt cljldt cGo sf]
hDdf
!= ;lqmo shf{ ;fk6
c;n shf{
-s_ c;n
-v_ k'g;{+/rgf÷k'gtf{lnsLs/0f ul/Psf]
@= lgl:qmo shf{ ;fk6
@=! sd;n
@=@ z+sf:kb
@=# v/fa
#= s'n shf{ ;fk6 -! ± @_
$= shf{ gf]S;fgL Joj:yf
$=! c;n
-s_ === === === === === ===
-v_ === === === === === ===
$=@ sd;n
$=# z+sf:kb
$=$ v/fj
%= s'n shf{ gf]S;fgL Joj:yf
^= ut qodf;;Ddsf] Joj:yf
^=! c;n
-s_ === === === ===
-v_ === === === ===
^=@ sd;n
^=# z+sf:kb
^=$ v/fj
&= ut qodf;;Ddsf] s'n Joj:yf
*= o; qodf;sf] gf]S;fgL Joj:yf lkmtf{ -&–%_
(Provison Write Back)
(= o; qodf;sf] yk Joj:yf -%-&_
v'b shf{ -#–%_

ldlt clws[t b:tvt

42
lgb]{zg kmf=g+=@=@
u|fxslkR5] juL{s/0f ul/Psf] shf{x? tyf ;f]sf] gf]S;fgL Joj:yf ;DaGwL ljj/0f
===============;fn ==================d;fGt
zf ;d"x C[0fL nufgL sf]ifdf cfwfl/t shf{ e'QmfgL u}/ sf]ifdf shf{ Joj:yf ljkGg s}lkmot
vf sf] sf] ÷ ldlt cfwfl/t ;'ljwf ju{
gfd gfd sf/f]jf/ -?_ /sd
ldlt shf{ :jLs[t afFsL afFsL Effvf :jLs[t afFsL AfuL{s/0f Joj:yf ?=
k|sf/ ;Ldf ;fFjf Jofh gf3]sf] ;Ldf ;fFjf -?_
-?_ -?_ -?_ ;fFjf -?_ -?_ -?_

s'n hDdf M–
ldlt clws[tsf] gfd
b:tvt
b|i6Jo M– !_ ls:tfaGbLdf k|bfg ul/Psf cfjlws shf{x? (Term Loan) sf] xsdf klxnf] ls:tfn] efvf gf3]sf] ldlt g} e'QmfgL
ldlt x'g]5 . olb s'g} shf{sf] e'QmfgL ldlt g} gePdf sf]ifdf cfwfl/t shf{ ;'ljwfdf kl/0ft ePsf] ldlt (Booking
date) nfO{ g} e'QmfgL ldlt dfGg'kg]{ 5 . -h:t}M– Uof/]06L e'QmfgL, Forced L/C, rfn' vftf lagf lnld6 cf]e/8«g
ePdf cflb_ .
@_ e'QmfgL ldlt lbg÷dlxgf÷;fn (day/month/year) cg';f/ /fVg'kg]{ 5 .
#_ obL shf{x?nfO{ e'QmfgL ldlt eGbf leGg cfwf/df juL{s/0f ul/Pdf, juL{s/0f ul/Psf] sf/0f s}lkmot dxndf pNn]v
ug'{kg]{ 5 . -pbfx/0fsf] nflu C0fL sfnf] ;"rLdf ;dfj]z ePdf, Aoa;fo ;~rfng gePdf, shf{ b'?kof]u ePdf
cflb_ .
$_ ljkGg ju{ shf{ ;DjlGw ljj/0fx? 5'§} ljj/0fsf] ?kdf s'n /sd ;lxt b]vfpg'kg]{ .
%_ of] shf{ ljj/0fdf Ps} ;d"xsf C0fLx?sf] ljj/0f 5'l§g] u/L k]z ug'{kg]{ 5 .
^_ shf{ auL{s/0fdf c;n, k'g/tflnsLs/0f÷k'g/;+/rgf, sd;n, z+sf:kb tyf v/fj nfO{ qmdzM !, @, #, $ / %
pNn]v ug'{ kb{5 .

lgb]{zg kmf=g+=@=#
u}/ a}+lsË ;DklQsf] gf]S;fgL Joj:yf ;DjGwL ljj/0f
===============;fn ==================d;fGt
qm=;+= C0fL jf kf6L{sf] u}/ a}+lsË ;DklQ s'n u}/ a}+lsË gf]S;fgL Joj:yf v'b u}/ a}+lsË ;DklQ
gfd 7]ufgf ;sf/ u/]sf] ldlt ;DklQ /sd ?= k|ltzt /sd ?= /sd ?=
-!_ -@_ -#_ -$_ -$_—-^_
-%_ -^_

s"n hDdf

ldlt clws[tsf] gfd


b:tvt

43
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= # ÷)^^

laifo:- Pp6} u|fxs, kmd{, sDkgL jf cfk;L ;DaGw ePsf u|fxsx?sf] ;d"xnfO{ / cy{ Joj:yfsf] Ps} If]qdf
Ohfhtkqk|fKt ;+:yfn] k|bfg ug{ ;Sg] shf{ ;fk6 / ;'ljwfsf] ;Ldf lgwf{/0f ;DaGwL Joj:yf .

o; a}+saf6 Ohfhtkqk|fKt ;+:yfaf6 Pp6} u|fxs, kmd{, sDkgL jf cfk;L ;DaGw ePsf u|fxsx?sf]
;d"xnfO{ tyf cy{ Joj:yfsf] Ps} If]qdf k|jfx x'g] shf{sf ;DjGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n]
lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= shf{ ;fk6 tyf ;'ljwfsf] ;Ldf lgwf{/0f
-!_ æsÆ, ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfsf] nflu
Ohfhtkqk|fKt ;+:yfn] Pp6} u|fxs, kmd{, sDkgL jf cfk;L ;DaGw ePsf u|fxsx?sf] ;d"xnfO{ sf]ifdf
cfwfl/t (Fund Based) shf{ ;fk6 cfkm\gf] k|fylds k'FhLsf] j9Ldf @% k|ltzt;Dd / k|lttkq, hdfgt,
:jLsf/ kq, arga4tf h:tf u}/ sf]ifdf cfwfl/t (Non-Fund Based) jf;nft aflx/sf ;'ljwfx? (Off-
Balance Sheet Items) ;d]t u/L cfˆgf] k|fylds k'FhLsf] j9Ldf krf; k|ltzt;Dd k|bfg ug{;Sg] 5g\ .
ljBdfg Psn shf{ ;LdfnfO{ @)^& >fj0f ! ut]b]lv sf]ifdf cfwfl/t tyf u}/–sf]ifdf cfwfl/t ;Ldf ;d]t
u/L k|fylds k'FhLsf] a9Ldf @% k|ltzt;Dd /xg] u/L s"n ;Ldf sfod ul/Psf] 5 .
o;/L shf{ ;fk6 tyf ;'ljwf k|bfg ubf{ Ohfhtkqk|fKt ;+:yfsf] nflu cfGtl/s n]vfk/LIfsn] k|dfl0ft
u/]sf] ;a}eGbf kl5Nnf] qodf;sf] jf;nftdf b]lvg] k|fylds k'FhLsf] cfwf/df k|ltu|fxs shf{ ;fk6
tyf ;'ljwfsf] ;Ldf lgwf{/0f ug'{kg]{ 5 . sf]ifdf cfwfl/t shf{ / u}/ sf]ifdf cfwfl/t ;'ljwf leGg÷leGg
ljifo ePsf] x'Fbf oL b'j}nfO{ hf]8]/ k|ltu|fxs shf{sf] s'n ;Ldf u0fgf ug{ kfOg] 5}g . o; k|of]hgsf
nflu k|fylds k'FhLsf] kl/efiff o; a}+saf6 hf/L ePsf] k'FhLsf]if ;DaGwL lgb]{zg adf]lhd -O=k|f=lgb]{zg
g+=!.)^^.)^&_ x'g]5 .
-@_ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfsf] nflu
æljkGg jf Go"g cfo ePsf JolQmnfO{ n3' Joj;fo ;+rfng ug{ n3' shf{sf] ?kdf k|lt ;d"x
;b:o÷JolQm j9Ldf ;f¶Lxhf/ ?k}ofF;Dd, gjLs/0fLo phf{ k|ljlw cGtu{t Solar Home Systems
/÷jf Bio-gas k|of]hgdf k|ltkl/jf/ a9Ldf ;f¶Lxhf/ ?k}ofF;Dd / n3' pBd ;+rfngsf] nflu
:jLsf/of]Uo lwtf]÷;fd"lxs hdfgLdf ;d"x ;b:onfO{ k|lt Joj;fo Ps nfv krf; xhf/ ?k}ofFdf
gj9\g] u/L n3'pBd shf{ pknJw u/fpg ;lsg] 5 .
t/, o:tf] n3' pBd shf{ s"n shf{ nufgLsf] j9Ldf kRrL; k|ltzt;Dd dfq k|jfx ug{ ;lsg] 5 .
:ki6Ls/0f
o; pkbkmfsf] k|of]hgsf] nflu æn3' Joj;foÆ eGgfn] bzhgf eGbf sd JolQm sfddf ;+nUg eO{ ;+rflnt
x'g] cfod"ns Joj;fo ;Demg' k5{ .
@= hnljB't kl/of]hgfdf nufgL ;DaGwL ljz]if Joj:yf
hnljB't kl/of]hgf, ljB't k|zf/0f nfOg -Transmission Line_ / s]jnsf/ lgdf{0f kl/of]hgfdf nufgL ubf{
b]xfo cg';f/sf Joj:yfx? sfod ug'{kg]{ 5 .
-s_ Ohfhtkqk|fKt ;+:yfx?n] hnljB't;Fu ;DalGwt kl/of]hgfx?df sf]ifdf cfwfl/t shf{ tyf u}/ sf]ifdf
cfwfl/t ;'ljwf k|fylds k'FhLsf] a9Ldf %) k|ltzt;Dd nufgL ug{ ;Sg] 5g\ . t/, k|fylds k'FhLsf] @%
k|ltzt eGbf a9L shf{ nufgL ug{] cj:yfdf ;DjlGwt lgsfo;+u clgjfo{ ?kdf ljB't vl/b ;+emf}tf
(Power Purchase Agreement) ePsf] x'g'kg]{ 5 .
k|fylds k'FhLsf] a9Ldf @% k|ltzt;Dd k|rlnt Joj:yfsf] clwgdf /xL nufgL ug{ o; Joj:yfn] jfwf
k'u]sf] dflgg] 5}g .

44
-v_ o:tf kl/of]hgfsf] e'QmfgL tflnsf -Repayment Schedule_ tof/ ubf{ gub k|jfx tyf cGo k|df0fsf]
cfwf/df k'li6 x'g] u/L ug'{kg]{ 5 .
-u_ kl/of]hgf ljZn]if0f u/L ;DalGwt a}+s tyf ljQLo ;+:yfn] to u/]sf] Gestation Period cyjf To:tf]
kl/of]hgfjf6 ljB't pTkfbg x'g] ;dodWo] h'g ;do cufl8 x'G5 ;f]xL ldltjf6 c;'n x'g'kg]{ . shf{sf]
s'g} ls:tfn] efvf gf3]df () lbg;Dd c;n shf{sf] ?kdf ! k|ltzt shf{ gf]S;fgL Joj:yf sfod
ug'{kg]{ 5 / () lbgeGbf a9Ln] efvf gf3]df To:tf] ls:tf /sdnfO{ g} v/fj ju{df juL{s/0f u/L
ls:tfsf] !)) k|ltzt shf{ gf]S;fgL Joj:yf sfod ug'{kg]{ 5 .
-3_ a}+s tyf ljQLo ;+:yfn] kl/of]hgf ;+rfng ug{ :yflkt klAns lnld6]8 s+kgLsf] z]o/df nufgL u/]sf]
/sd lwtf]kq ljlgdo ahf/df ;"rLs[t eO{g;s]sf To:tf kl/of]hgfx?df nufgL u/]sf] /x]5 eg] To:tf]
nufgL u/]sf] ldltn] tLg jif{leq pQm z]o/ tyf l8a]~r/ ;"rLs[t gePsf] v08df nufgL eP a/fa/sf]
;Dk"0f{ /sd nufgL ;dfof]hg sf]if v8f u/L ;f] sf]ifdf hDdf ug'{kg]{ 5 . To:tf] sf]ifdf /x]sf] /sd pQm
z]o/ tyf l8a]~r/ ;"rLs[t geP;Dd cGo s'g} klg k|of]hgsf] nflu pkof]u ug{ kfOg] 5}g .
-ª_ Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] ljz'4 hnljB't kl/of]hgf, ljB't k|zf/0f nfOg (Transmission
Line) / s]jnsf/ lgdf{0f ;DalGw kl/of]hgfx?df nufgL ubf{ dfq ljBdfg @% k|ltztsf] Psn u|fxs shf{
;LdfnfO{ j[l4 u/L sf]ifdf cfwfl/t shf{ tyf u}/ sf]ifdf cfwfl/t ;'ljwf ;d]t u/L hDdf k|fylds k'FhLsf]
a9Ldf %) k|ltzt;Dd nufgL ;Ldf sfod ug]{ ljBdfg gLltut Joj:yf /x]sf] t/ ljBdfg u|fxsn] ljB't
kl/of]hgfdf nufgL ug{ rfx]df sf]ifdf cfwfl/t shf{ tyf u}/ sf]ifdf cfwfl/t ;'ljwf ;d]t u/L yk @%
k|ltzt;Dd dfq shf{÷;'ljwf k|jfx ug{ ;lsg] 5 . -pbfx/0fsf] nfluM ljz'4 hnljB't kl/of]hgf÷ljB't
k|zf/0f nfOg÷s]jnsf/ kl/of]hgfdf hDdf ;'ljwfsf] !) k|ltzt dfq nufgL u/L afFsL $) k|ltzt cGodf
nufgL ug{ gkfOg] _ . sy+sbflrt, u}/ hnljB't÷ljB't k|zf/0f nfOg÷s]jnsf/ kl/of]hgfdf tf]lsPsf]
;Ldf gf3L shf{ k|jfx u/]df ;Ldf gf3]sf] /sd a/fa/sf] shf{df ztk|ltzt shf{ gf]S;fgL Joj:yf sfod
ug'{kg]{ 5 .
#= ;Ldf ;dfof]hg
u|fxsn] jf;nft aflx/sf ;'ljwfx? Ps k6s pkof]u ul/;s] kl5 o:tf] ;'ljwf sf]ifdf cfwfl/t shf{df kl/0ft
ePdf To:tf] u|fxssf] nflu ;Ldf lgwf{/0f ubf{ sf]ifdf cfwfl/t shf{ ;Ldf ;DaGwL lgb]{zg nfu"x'g] 5 .
$= shf{ ;fk6 tyf ;'ljwfsf] ;Ldfdf 5'6
b]xfosf shf{ ;fk6 jf ;'ljwfsf] xsdf bkmf ! df pNn]v ul/Psf] ;Ldf nfu" x'g] 5}gM–
-s_ d'2tL /l;b, g]kfn ;/sf/sf] C0fkq, g]kfn /fi6« a}+s C0fkqsf] lwtf]df / ljZj a}+s, Pl;ofnL ljsf;
a}+s tyf cGt//fli6«o ljQ lgud nufotsf g]kfn ;b:o ePsf] cGt//fli6«o ax'kIfLo (Multilateral)
ljQLo ;+:yfx? tyf cGt//fli6«o >]0fLs[t (Rated) a}+ssf] lgMzt{ hdfgtdf k|bfg ul/g] shf{ ;fk6
tyf ;'ljwfx? .Æ
;fy}, ;DalGwt a}+s tyf ljQLo ;+:yfaf6 cg'/f]w eO{ cfPdf o; a}+sn] hf/L u/]sf] lgb]{zgdf pNn]v
ePsf] Joj:yf ;d]t sfod /xg] u/L To:tf cGt/f{li6«o ax'kIfLo ;+:yfn] hf/L ug]{ hdfgt
(Guarantee) df cfwfl/t eO{ a}+s tyf ljQLo ;+:yfx?n] k|bfg ug]{ shf{df k'FhLsf]ifsf] cg'kft u0fgf
ug]{ k|of]hgsf nflu z"Go hf]lvd ef/ (Zero Risk Weight) k|bfg ug{] .
-v_ b]xfosf ;+:yfx?nfO{ …sÚ ju{sf Ohfhtkqk|fKt ;+:yfaf6 k|bfg ul/g] shf{ ;fk6 tyf ;'ljwfx? .
!= g]kfn cfon lgud ln=
@= g]kfn vfB ;+:yfg
%= ;+o'Qm nufgLstf{ a}+s tyf ljQLo ;+:yfx?sf] Uof/]06L tyf sfp06/ Uof/]06Ldf shf{ tyf ;'ljwf k|bfg ug{]
Joj:yf
;+o'Qm nufgLdf ;~rfngdf cfPsf a}+s tyf ljQLo ;+:yfx?sf] ;+o'Qm nufgLstf{ a}+s tyf ljQLo ;+:yfx?sf]
Uof/]06L tyf sfp06/ Uof/]06Ldf shf{ tyf ;'ljwf k|bfg ug{ s'g} afwf kg]{ 5}g . t/, o;/L k|bfg ul/Psf] shf{df
k|ltu|fxs shf{ ;Ldfsf] Joj:yf eg] nfu" x'g]5 . To:tf ;+o'Qm nufgLstf{ a}+s tyf ljQLo ;+:yf cGt/f{li6«o
>]0fLs[t (Rated) a}+s ePdf dfly bkmf g+ $ sf] -s_ df pNn]v eP adf]lhd s} Joj:yf nfu"x'g] 5 .
^= cfk;L ;DaGw ePsf u|fxsx?nfO{ Pp6} ;d"x dflgg] Joj:yf
shf{ ;fk6 tyf ;'ljwf ;Ldfsf] k|of]hgsf] lgldQ cfk;L ;DaGw ePsf u|fxsx?sf] ;d"xnfO{ b]xfosf
cj:yfdf Pp6} ;d"x dflgg] 5 M–
-s_ s'g} sDkgLn] csf]{ sDkgLsf] kRrL; k|ltzt jf ;f]eGbf a9L z]o/ lnPsf] eP To:tf b'j} sDkgLx?,
45
-v_ s'g} JolQm, kmd{, sDkgLsf] ;~rfns, k|fOe]6 lnld6]8 sDkgLsf z]o/xf]N8/x?, ;fem]bf/L kmd{sf
;fem]bf/, k|f]k|fO{6/ tyf To:tf ;~rfns, z]o/wgL, ;fem]bf/, k|f]k|fO6/sf jf z]o/wgLx?sf Psf3/df
a;f]af; u/L cfPsf jf 5'§f5'§} 3/df a;f]af; u/]sf klt jf kTgL, 5f]/f, 5f]/L, wd{k'q, wd{k'qL, afa',
cfdf, ;f}t]gL cfdf / cfk"mn] kfngkf]if0f ug'{kg]{ bfh', efO, tyf lbbL, alxgL,
-u_ v08 -v_ df plNnlvt JolQmx?n] PSn} jf ;+o'Qm?kdf csf]{ sDkgLsf] @% k|ltzt jf ;f] eGbf a9L
z]o/ lnPsf] eP To:tf sDkgLx?,
-3_ v08 -v_ adf]lhdsf ;~rfns, z]o/xf]N8/, jf cGo gft]bf/x?n] PSn} jf ;+o'Qm ?kdf csf]{ sDkgLsf]
kRrL; k|ltzt eGbf sd z]o/ lnPsf] eP tfklg To:tf] sDkgLsf] Joj:yfkgdf b]xfosf lsl;daf6
lgoGq0f ePsf To:tf sDkgLx?M–
-!_ ;~rfns ;ldltsf] cWoIf eO{,
-@_ sDkgLsf] sfo{sf/L k|d'v eO{, jf
-#_ sDkgLsf] ;~rfnsx?dWo] @% k|ltzteGbf a9L ;~rfnsx? lgo'Qm u/L .
-ª_ Ps} ;d"xsf egL cfj4 /x]sf kmd{, sDkgL jf To:tf ;d"xsf ;b:ox?,
-r_ v08 -v_ jdf]lhd Pp6f u|fxs jf sDkgLn] csf]{ u|fxs jf sDkgLnfO{ Guarantee lbPsf] eP To:tf
sDkgLx?,
-5_ Pp6} lwtf]df PseGbf a9L JolQmx?nfO{ shf{ k|jfx u/]sf] eP To:tf JolQmx?,
-h_ Ps cfk;df JolQmut hdfgL lbPsf] 5 eg] To:tf] hdfgL lbg]÷lng] JolQmx? .
&= cfk;L ;DaGw ePsf u|fxsx?sf] ljj/0f k7fpg' kg]{
Ohfhtkqk|fKt ;+:yfn] Pp6f u|fxs jf cfk;L ;DaGw ePsf u|fxsx?sf] clen]v cw{jflif{s ?kdf tof/ u/L
Ps dlxgf leq o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu tyf ;DjlGwt ;'kl/j]If0f ljefudf k7fpg'
kg]{5 .
*= cnu ;d"xsf] ?kdf lnOg] Joj:yf
g]kfn ;/sf/sf] k"0f{ jf krf; k|ltzt eGbf a9L :jfldTj ePsf] ;+ul7t ;+:yf jf sDkgLnfO{ 5'§} -cnu_
;d"xsf] ?kdf lnOg] 5 .
(= clws]lGb|t hf]lvd (Concentration Risk) Go"lgs/0f ug{ ztk|ltzt shf{ gf]S;fgL Joj:yf (Loan Loss
Provision) yk ug'{kg]{
Ohfhtkqk|fKt ;+:yfn] s'g} Pp6f u|fxs, kmd{, sDkgL jf cfk;L ;DaGw ePsf u|fxsx?sf] ;d"xnfO{ bkmf -!_
sf] pkbkmf -!_ df tf]lsPsf] ;LdfeGbf a9L shf{ ;fk6 jf ;'ljwf k|bfg u/]df To;af6 pTkGg x'g] clws]lGb|t
hf]lvd vfDgsf] nflu ;LdfeGbf a9L k|bfg ul/Psf] shf{ ;fk6 jf ;'ljwfsf] ztk|ltzt yk shf{ gf]S;fgL
Joj:yf (Loan Loss Provision) sfod ug'{kg]{ 5 .
!)= 7"nf C0fLx?sf] shf{ ljj/0f k]z ug'{kg]{ .
o; a}+saf6 Ohfhtkqk|fKt æsÆ ju{sf ljQLo ;+:yfx?df /x]sf 7"nf C0fL -?= ! s/f]8 eGbfa9L shf{ pkof]u
ug]{_ sf] shf{nfO{ ;dod} cg'udg ug{ o; a}+saf6 Big Borrower Software tof/ u/L ;DalGwt a}+sx?df
pknAw u/fO{;lsPsf] x'Fbf b]xfo adf]lhd ljj/0f k7fpg' kg]{5 .
!= æsÆ ju{sf ljQLo ;+:yfx?n] pQm Software df /x]sf ljj/0fx? tyf xfn /x]sf C0fLx?sf] ;d"xsf]
gfd yk ug'{k/]df jf kl/jt{g ug'{k/]df ;f] ljj/0f cfkm\gf ;j} zfvfx?sf] ;d]t ;dli6ut ?kdf tof/
u/L q}dfl;s ?kdf qodf; ;dfKt ePsf] ldltn] ! dlxgfleq a}+s ;'kl/j]If0f ljefudf cfOk'Ug] u/L
Email jf Compact Disc dfkm{t clgjfo{ ?kdf k7fpg' kg]{5 . klxnf] k6ssf] nflu @)^^ cfiff9
d;fGtsf] ljj/0f @)^^ cflZjg d;fGtleq k]z ug'{kg]{ 5 .
@= Software df Data Entry ubf{ qodf;nfO{ qmdzM !, @, #, $ / cfly{s jif{nfO{ kl5Nnf @ c+s pNn]v
u/L tof/ ug'{kg]{ 5 .
!!= If]qut shf{ ;DjGwL Joj:yf
-!_ hf]lvd lgoGq0f ug{sf] nflu Ohfhtkqk|fKt ;+:yfn] kof{Kt cfGtl/s gLlt lgodx?sf] Joj:yf u/L
If]qut shf{ ;3gtfsf] cg'udg ug'{kg]{ 5 . t/, o; a}+sn] lgb]{zg lbPdf bkmf ( adf]lhd yk shf{
gf]S;fgL Joj:yf ug{'kg]{ 5 . cy{ Joj:yfsf ljleGg If]qx?sf] ;"rL ;+nUg lgb]{zg kmf=g+=# df pNn]v
ul/Psf] 5 .
-@_ If]qut ?kdf k|jfx ul/Psf] shf{ tyf ;'ljwfnfO{ Ohfhtkqk|fKt ;+:yfn] shf{ ;3gtf cg';f/ b]xfo
adf]lhd b'O{ txdf 5'6ØfP/ cg'udg, lgoGq0f tyf ;"rgf k|0ffnLsf] Joj:yf ug'{kg]{ 5 M–
46
-s_ tx !M k|fylds k'FhLsf] krf; k|ltztb]lv zt k|ltzt;Dd Pp6} If]qdf k|jflxt shf{ ;fk6 /
;'ljwf . o:tf] shf{sf] dfkg / cg'udgsf] sfo{ljlw tyf ;"rgf k|0ffnLsf] Joj:yf
Ohfhtkqk|fKt ;+:yf cfkm}n] u/L slDtdf q}dfl;s ?kdf cg'udg ug'{kg]{ 5 .
-v_ tx @M k|fylds k'FhLsf] zt k|ltzt eGbf a9L Pp6} If]qdf k|jflxt shf{ ;fk6 / ;'ljwfsf
;DjGwdf o:tf] shf{sf] Ohfhtkqk|fKt ;+:yfsf] ;~rfns ;ldltaf6 ;d]t cg'df]bg u/fOPsf]
x'g'kg]{ 5 . Ohfhtkqk|fKt ;+:yfsf] ;~rfns ;ldltn] To:tf shf{x?sf] ;Ldf k|fylds k'FhLsf]
zt k|ltzt eGbf a9L sfod /fVg] jf g/fVg] eGg] ;DaGwdf jflif{s ?kdf lg0f{o ug'{kg]{ 5 /
;f] lg0f{osf] hfgsf/L o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f
ljefudf k7fpg'kg]{ 5 .
-#_= o; a}+saf6 ævÆ ju{sf] Ohfhhtkqk|fKt ;+:yfx?n] a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf
$& sf] pkbkmf -@_ sf] v08 -z_ / æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfx?n] ;f]xL P]gsf] ;f]xL bkmfsf]
pkbkmf -#_ sf] v08 -k_ adf]lhd hUuf ljsf;, cfjf;Lo k|of]hgsf] nflu hUuf vl/b tyf 3/ lgdf{0f
h:tf kl/of]hgf ;+rfng ug]{ / To:tf 3/hUufsf] laqmL ljt/0f tyf Joj:yfkg ug]{ u/fpg] ;DaGwL
sfo{ ubf{ ;DalGwt Ohfhtkqk|fKt ;+:yfn] cf–cfkm\gf] k|fylds k'FhLsf] @% k|ltzt eGbf a9L nufgL
ug{ kfpg] 5}g .
l6Kk0fLM
æPp6} If]qdf k|jflxt shf{Æ eGgfn] cy{Joj:yfsf] Ps} If]qsf u|fxsx?df k|jflxt shf{ ;fk6 /
hdfgt, arga4tf, k|lttkq h:tf ;'ljwfx? ;Demg' k5{ .
!@= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] Pp6} u|fxs, kmd{, sDkgL jf cfk;L ;DaGw
ePsf u|fxsx?sf] ;d"xnfO{ / cy{ Joj:yfsf] Ps} If]qdf Ohfhtkqk|fKt ;+:yfn] k|bfg ug{;Sg] shf{ ;fk6
/ ;'ljwfsf] ;Ldf lgwf{/0f ;DaGwL O=k|f lgb]{zg g+= #÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft
ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

47
g]=/f=a}+s lgb]{zg kmf=g+= #
If]qut shf{
-?= xhf/df_

qm=;+= pBf]u÷If]qx? /sd ?=


! s[lif / jg ;DaGwL ===============================
!=! afnL÷afnL ;]jf ==============================
!=@ lrof÷skmL ==============================
!=# ;'lt{ ==============================
!=$ ;gkf6 ==============================
!=% kz'kfng÷kz'kfng ;]jf ÷kz' awzfnf ==============================
!=^ ag ==============================
!=& l;rfO{ ==============================
!=* cGo s[lif tyf s[lif hGo ;]jfx? ==============================
@ df5fkfng ;DaGwL ===============================
# vfgL ;DaGwL ===============================
#=! wft' tyf wfp -kmnfd, l;;f OToflb_ ==============================
#=@ sf]Onf ==============================
#=# r'g9'Ëf ==============================
#=$ DofUg];fO6 ==============================
#=% v/L ==============================
#=^ t]n tyf Uof; k|zf]rg (Extraction) ==============================
#=& vfgL ;DaGwL cGo ==============================
$ pTkfbg ;DaGwL ===============================
$=! vfB pTkfbg -Kofs ug]{, k|f];]l;Ë ug]{_ ==============================
$=@ s[lif, jg k}bfjf/ pTkfbg ==============================
$=@=! lrgL ==============================
$=@=@ ;"lt{ k|zf]wg ==============================
$=@=# lr/fg tyf sfi7 pTkfbg÷kmlg{r/ ==============================
$=@=$ cGo ==============================
$=# k]o kbfy{ -ljo/, dbL/f, ;f]8f OToflb_ ==============================
$=#=! dlb/fhGo ==============================
$=#=@ dlb/f/lxt ==============================
$=$ x:tsnf ==============================
$=% a'gfO{ (Textile) pTkfbg Pj+ tof/L kf]zfs ==============================
$=^ sfuh tyf ;Da4 pTkfbg ==============================
$=& 5kfO tyf k|sfzg ==============================
$=* cf}ifwL ==============================
$=( k|zf]lwt t]n tyf sf]Onf pTkfbg ==============================
$=!) vf]6f] tyf tf/lkg ==============================
$=!! /a/sf] 6fo/ ==============================
$=!@ 5fnf ==============================
$=!# Knfli6s ==============================
$=!$ l;d]06 ==============================
$=!% kTy/, df6f] tyf l;;fsf pTkfbgx? ==============================
$=!^ cGo lgdf{0f ;fdu|L pTkfbg ==============================
$=!& wft' – cfwf/e"t kmnfd tyf l:6n Knf06 ==============================
$=!* wft' – cGo KnfG6÷Hof;n ==============================
$=!( ljljw pTkfbg ==============================

48
% lgdf{0f ===============================
%=! cfjf;Lo -3/fo;L k|of]hg_ ==============================
%=@ u}/ cfjf;Lo -Jofkfl/s k|of]hg_ ==============================
%=# a[xt (Heavy) lgdf{0f -/fhdfu{, k'n OToflb_ ==============================
^= ljB't, Uof; / kfgL ===============================
^=! ljB't ;]jf ==============================
^=@ UofF; tyf UofF; kfOk nfOg ;]jf ==============================
& wft'sf pTkfbgx?, d]l;g/L tyf On]S6«f]lgs cf}hf/ tyf ===============================
h8fg
&=! h8fg ul/Psf (Fabricated) wft'sf ;fdfgx? ==============================
&=@ d]lzg cf}hf/ ==============================
&=# d]lzg/L – s[lif hGo ==============================
&=$ d]lzg/L – lgdf{0f, t]n If]q, vfgL ;DaGwL ==============================
&=% d]lzg/L – clkm; Pj+ sDKo'l6Ë (Computing) ==============================
&=^ d]lzg/L – cGo ;j} ==============================
&=& ljB'tLo pks/0f ==============================
&=* 3/fo;L pks/0f Pj+ cGo vKg] ;fdfg ==============================
&=( ;+rf/ pks/0f ==============================
&=!) On]S6«f]lgs kf6{k"hf{ ==============================
&=!! lrlsT;f ;DaGwL pks/0f ==============================
&=!@ h]g]/]6/x? ==============================
&=!# 3§ (Turbines) ==============================
* oftfoft , e08f/ / ;+rf/ ===============================
*=! df]6/uf8L, kf6{k"hf tyf ;xfos ;fdu|Lx? ==============================
*=@ h]6af]6÷hn oftfoft ==============================
*=# jfo'ofg tyf jfo'ofgsf] kf6{k"hf{ ==============================
*=$ oftfoft ;DaGwL cGo pTkfbgx? ==============================
*=% /]ndfu{ tyf ;8s ofqL cf];f/k;f/sf ;fwgx? ==============================
*=^ 6«s ;]jf tyf uf]bfd Joj:yf ==============================
*=& cGo ;a} ;]jf ==============================
( yf]s tyf v'b|f ljq]mtf ===============================
(=! yf]s Jofkf/ – vKg] ;fdfg ==============================
(=@ yf]s Jofkf/ – gvKg] ;fdfg ==============================
(=# Automotive Dealer/franchise ==============================
(=$ cGo v'b|f Jofkf/ ==============================
(=% cfoft Jofkf/ ==============================
(=^ lgof{t Jofkf/ ==============================
!) ljQ, jLdf tyf crn ;DklQ ===============================
!)=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ==============================
!)=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ==============================
!)=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ==============================
!)=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx? ==============================
!)=% art tyf C0f ;xsf/L ;+:yfx? ==============================
!)=^ k]G;g sf]if tyf jLdf ;+:yfx? ==============================
!)=& cGo ljQLo ;+:yf ==============================
!)=* u}/ ljQLo ;/sf/L ;+:yfg ==============================
!)=( lghL u}/ ljQLo ;+:yfgx? ==============================
!)=!! cGo nufgL ;+:yfx? ==============================
!)=!@ crn ;DklQ (Real Estate) ==============================
49
!! xf]6n tyf /]i6'F/f ===============================
!!=! ko{6g ;]jf -6]«lsË, 6«fen Ph]G;L, kj{tf/f]x0f, l/;f]6{, ==============================
/flˆ6Ë, SoflDkË cflb_
!!=@ xf]6n -cGo ;]jf ;d]t_ ==============================
!!=# dgf]/+hg, l/lqmP;g, rnlrq ==============================
!@ cGo ;]jfx? ===============================
!@=! lj1fkg ;]jf ==============================
!@=@ Automotive ;]jf ==============================
!@=# cGo ;j} ;]jf sDkgLx? ==============================
!@=$ c:ktfn, lSnlgs OToflb ==============================
!@=% lzIff ;]jf ==============================
!# pkef]Uo shf{ ===============================
!#=! ;'g, rfFbL ==============================
!#=@ d'2tL /l;b ==============================
!#=# ;'/If0f kq ==============================
!#=$ q]ml86 sf8{ ==============================
!#=% xfo/ kr]{h -JolQmut pkof]u shf{_ ==============================
!$ :yflgo ;/sf/ ===============================
!% cGo ===============================
hDdf ===============================

gf]6M pk/f]Qmfg';f/ plNnlvt zLif{sx?dWo] Ohfhtkqk|fKt ;+:Yffn] cfkm"n] ug{ kfpg] ljQLo sf/f]jf/x?;+u
;DjlGwt zLif{sx? dfq k|of]udf Nofpg' kg]{5 .

ldlt clws[t b:tvt

50
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+=$÷)^^

laifoM n]vf gLlt tyf ljQLo laj/0fx?sf] 9fFrf ;DaGwL Joj:yf .

o; a}+saf6 Ohfhtkqk|fKt ;+:yfx?n] kfngf ug'{kg]{ n]vfgLlt tyf ljQLo laj/0fx?sf] 9fFrf ;DaGwdf g]kfn
/fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L of] lgb]{zg lbOPsf] 5 .
-!_ ljQLo laj/0f ;DaGwL dfu{bz{g
Ohfhtkqk|fKt ;+:yfx?n] b]xfo adf]lhdsf] dfu{bz{g leq /xL ljQLo laj/0fx? tof/ ug'{kg]{ 5 .
s= cfly{s jif{sf] kl/efiff
Ohfhtkqk|fKt ;+:yfx?n] >fj0f ! ut]b]lv cfiff9 d;fGt;Ddsf] cjlwnfO{ cfly{s jif{sf] ?kdf
dfGg'kg]{ 5 . t/ ;+:yfkgf ePsf] jif{sf] nflu ;+:yfkgf ePsf] ldltb]lv cfiff9 d;fGt;Ddsf] cjlwnfO{
cfly{s jif{ dfGg'kg]{ 5 .
v= g]kfn /fi6« a}+sn] tf]s]sf] 9fFrfnfO{ j}wflgs 9fFrf (Statutory Form) sf] ?kdf lng'kg]{
Ohfhtkqk|fKt ;+:yfx?n] cfˆgf] jf;nft / gfkmf–gf]S;fg lx;fj, gub k|jfx laj/0f / cGo cg';"rL
tyf ljj/0fx? o; a}+sn] tf]lslbPsf] 9fFrf / tl/sf cg';f/ tof/ ug'{kg]{ 5 . o;k|sf/ tof/ ul/Psf]
laj/0f ;fntdfd ePsf] % -kfFr_ dlxgfleq n]vfk/LIf0f ;DkGg u/fpg'kg]{ 5 .
u= k|rlnt n]vf dfkb08sf] cg'z/0f ug'{kg]{
ljQLo laj/0fx? o; a}+ssf] lgb]{zgdf tf]lsPs]f cj:Yffdf jfx]s g]kfn n]vf dfkb08 (NAS) cg';f/
tof/ ug'{kg]{ 5 . g]kfn n]vf dfkb08n] ;dfj]z gu/]sf If]qx?df cGt/{fli6«o n]vf dfkb08 (IAS) nfO{
cfwf/sf] ?kdf lng'kg]{ 5 .
3= ljQLo laj/0fx? k|sfzg ug'{kg]{
Ohfhtkqk|fKt ;+:yfx?n] sfg'gL Joj:yf / tf]lsPsf] cjlwleq n]vfk/LIf0f ;DkGg eO{ ;s]kl5 ;+nUg
9fFrf adf]lhdsf] jf;nft, gfkmf–gf]S;fg lx;fj / gub k|jfx laj/0fsf ;fy} oL ljQLo laj/0fx?;Fu
;DalGwt ;a} cg';"rLx? -cg';"rL $ c afx]ssf_ tyf laj/0fx? jflif{s k|ltj]bg k'l:tsfdf k|sflzt
ug{'kg{] 5 . ;fy} ;j{;fwf/0fsf] hfgsf/Lsf] nflu jf;nft, gfkmf–gf]S;fg lx;fj, gub k|jfx laj/0f /
o; lgb]{zgsf] cg';"rL g+=$=!, $=@, $=!& / $=#) cg';f/sf] ljj/0f /fli6«o:t/sf ;+:yfsf] xsdf
/fli6«o:t/ / If]qLo:t/sf ;+:yfsf] xsdf If]qLo jf lhNnf:t/sf klqsfdf clgjfo{?kdf k|sflzt
ug'{kg]{ 5 . ;fy}, ;Dk"0f{ jflif{s k|ltj]bgnfO{ cfkm\gf] j]j;fO{6df cBfjlws u/L /fVg'kg]{ 5 .
t/, æ3Æ ju{sf ljQLo ;+:yfx?sf] xsdf jflif{s tyf q}dfl;s ?kdf k|sflzt ug'{kg]{ pk/f]Qm ljj/0fx?
cfˆgf] ;"rgf kf6Ldf dfq} 6f:g klg ;lsg]5 .
o; a}+ssf] lgb]{zg adf]lhd o; a}+ssf] ljleGg ljefu tyf sfof{nox?df k]z ug'{kg]{ ljleGg tYofÍ
kmf/fdx? tyf k|sfzg ug'{kg]{ u/L tf]lsPsf laj/0f ;DaGwL cGo s'g} klg lgb]{zgnfO{ o; lgb]{zgn]
afwf k'¥ofPsf] dflgg] 5}g .
-1_ a}+s tyf laQLo ;+:yfx?n] ;Dk')f{ zfvfx?sf] ;d]t sf/f]af/ ;dfj]z u/L jf:tljs PsLs[t ljQLo laj/)f
nufot k|d'v ljQLo kl/;"rsx? -Major Financial Indicators_ sf] ljj/)f x/]s q}df;sf] dlxgf Joltt
ePsf] ldltn] 35 lbg leq s"g} Ps /fli^«o:t/sf] b}lgs klqsfdf clgjfo{ ?kdf k|sflzt u/L ;f] sf] Ps
k|lt a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DalGwt ;"kl/j]If)f ljefunfO{ ;d]t pknAw u/fpg" kg]{% .
-;+nUg g]=/f=a}+s cg";'rL 4=c_
-2_ a}+s tyf laQLo ;+:yfx?n] q}dfl;s laQLo laj/)f k|sfzg ubf{ clgafo{ ?kdf cfGtl/s n]vfk/LIfsaf^
k|dfl)ft u/fP/ dfq k|sfzg ug{"kg]{% .
-3_ x/]s cfly{s aif{sf] cGTodf ;DalGwt ;+:yfsf] ckl/is[t ljQLo ljj/)f / n]vfk/LIf)f ePsf] laQLo
laj/)flar b]lvPsf] cGt/ ;DaGwdf sf/)f v"nfO{ tflnsfs} ?kdf ;+:yfsf] aflif{s k|ltj]bgsf] cnUu}
kfgfdf ;+nUg g]=/f=a}+s cg";'rL 4=35 sf] (f+rfdf k|sflzt ug{"kg{]% .
51
-4_ a}+s tyf laQLo ;+:yfx?n] laQLo laj/)f k|sflzt ubf{ pQm cjlwsf] sd{rf/L af]g;, cfos/ Aoj:yf
nufotsf ;Dk')f{ vr{x?nfO{ ;dfj]z u/]/ dfq k|sflzt ug"{kg{]% .
-5_ a}+s tyf laQLo ;+:yfx?n] ;j{;fwf/)fsf] hfgsf/Lsf] nflu ckl/is[t ljQLo ljj/)f k|sfzg ubf{
æ;"kl/j]If)f ug]{ lgsfo tyf jfX\o n]vfk/LIfsn] yk÷#^ ug{ lgb]{zg lbPdf kl/is[t ljQLo ljj/)fdf
km/skg{;Sg] %Æ eGg] Joxf]/fsf] km"^gf]^ /fvL k|sfzg ug{"kg]{% .
-6_ P]g, gLlt, lgod tyf lgb{]zgdf :ki^ ul/Psf laifodf ;d]t a}+s Aoj:yfkgn] ;dod} ;dfof]hg gu/L
laQLo laj/)fdf km/s k/]sf] cj:yfdf ;DalGwt ;+:yfnfO{ cfjZos sf/afxL ul/g]% .
ª= cfGtl/s k|of]hgsf] lgldQ n]vf /fVg]
o; lgb]{zgn] ;DalGwt Ohfhtkqk|fKt ;+:yfx?sf] cfGtl/s k|of]hgsf] lgldQ tof/ ul/g] cGo n]vf
laj/0fx?nfO{ afwf k'¥ofPsf] dflgg] 5}g .
r= g]kfn /fi6« a}+sn] tf]s]sf] 9fFrf / zLif{sdf s'g} kl/jt{g ug{ gkfOg]
jf;nft tyf gfkmf–gf]S;fg lx;fjsf] ;fy} cg';"rLx?df tf]lsPsf] s'g} zLif{s cGt/ut /sd g/x]sf]
eP tfklg ;f] zLif{s sfod} /fvL o; a}+sn] tf]s]sf] 9fFrfdf s'g} kl/jt{g ug{kfOg] 5}g . t/,
cg';"rLx?df pNn]v ePsf] æcGoÆ zLif{s leq /xg] u/L cfjZostfg';f/ c? zLif{sx? ;dfj]z ug{
s'g} aGb]h nufOPsf] 5}g .
5= ljQLo laj/0fx? k]z ug'{kg]{
s, v, u tyf 3 ju{sf /fli6«o :t/sf a}+s tyf ljQLo ;+:yfx?n] cfˆgf] jflif{s lx;fasf] cfwf/df
tof/ kf/]sf] ljQLo ljj/0f afXo n]vfk/LIfsaf6 k|f/lDes n]vfk/LIf0f sfo{ ;dfKt ePkl5 pQm
k|f/lDes k|ltj]bg, ;f] k|ltj]bg pk/ Joj:yfkgsf] hjfkm tyf ;f]sf cfwf/df tof/ kfl/Psf] ljQLo
ljj/0fx? -jf;nft, gfkmf gf]S;fg lx;fa, gub k|jfx ljj/0f tyf o; a}+ssf] lgb]{zg cg';f/sf ;Dk"0f{
cg';"rLx?, shf{ gf]S;fgL Joj:yfsf] ljj/0f ;d]t_ ;DalGwt ;'kl/j]If0f ljefudf :jLs[ltsf nflu k]z
ug'{kg]{ 5 . o; a}+saf6 pQm ljj/0fsf cfwf/df u}/:ynut ;'kl/j]If0f u/L s'g} ;+zf]wg ug'{kg]{
b]lvPdf ;f]sf] ;dfof]hg cfly{s jif{sf] ljQLo ljj/0fdf ;dfj]z ug'{kg]{ ul/Psf] 5 . o;/L ;dfof]lht
ljQLo ljj/0fx?, n]vfk/LIfssf] clGtd k|ltj]bg tyf n+ukmd{ cl86 l/kf]6 (Long Form Audit Report,
LFAR) tf]lsPsf] cjlwleq n]vfk/LIf0f ;DkGg u/fO{ !% lbgleqdf o; a}+ssf] a}+s tyf ljQLo ;+:yf
lgodg ljefu / ;DalGwt ;'kl/j]If0f ljefux?df k]z ug'{kg]{ 5 .
Ohfhtkqk|fKt ;+:yfn] jflif{s ;fwf/0f ;efdf :jLs[ltsf] nflu k]z ug]{ k|of]hgfy{ tof/ u/]sf] jflif{s
lx;fa (Annual Accounts) o; a}+ssf] ;DalGwt ;'kl/j]If0fsf] ;xdlt lnP/ dfq ;fj{hlgs ug'{kg]{ 5 .
t/, æ3Æ ju{sf ljQLo ;+:yfsf] nflu of] Joj:yf nfu" x'g]5}g .
-@_ k|d'v n]vf gLltx?
Ohfhtkqk|fKt ;+:yfx?n] ckgfpg'kg]{ n]vf gLltx?sf] ;DaGwdf b]xfo adf]lhd Joj:yf ul/Psf] 5M
s= n]vf gLlt k|sflzt ug'{kg]{
Ohfhtkqk|fKt ;+:yfsf] n]vf gLlt ;fdfGo n]vf l;4fGt / a}+lsË Joj;fodf k|rlnt n]vf gLlt tyf
g]kfn n]vf dfkb08 (NAS) tyf cGt//fli6«o dfkb08nfO{ ;d]t cfwf/ dfgL tof/ ul/Psf] x'g'kg]{ 5 .
ljQLo laj/0fx? tof/ ug]{ l;nl;nfdf Joj:yfkgn] ckgfPsf k|d'v n]vf gLltx?nfO{ cg';"rL $=#@
df ;dfj]z u/L jflif{s k|ltj]bgdf k|sflzt ug'{kg]{ 5 .
v= n]vf gLlt cGtu{t v'nfpg tf]lsPsf zLif{sx?sf] ;+lIfKt JofVof
! x|f;s§f gLlt
Ohfhtkqk|fKt ;+:yfn] ;fdfGotM :jLsfo{ n]vf l;4fGt (Generally Accepted Accounting Principles)
adf]lhdsf] s'g} klg x|f;s§f gLlt ckgfpg ;Sg]5 . t/, h'g gLlt ckgfOPsf] xf], To;af/] n]vf
gLltdf :ki6 hfgsf/L lbg'kg]{ 5 . k|rlnt sfg'gsf] clwgdf /xL x|f;s§f b/ sfod ug]{ clwsf/
;DalGwt ;+:yfsf] Joj:yfkgdf /xg]5 .
@ cfos/ Joj:yf gLlt
gfkmf–gf]S;fg lx;fjdf n]lvPsf] vr{x?dWo] s'g} s'g} vr{ /sdx? cfos/ P]g tyf lgodfjnL cg';f/
cf+lzs jf k"/} ?kdf 5'6 gkfpg] x'g;Sg], ;fy} s'g} cfodf cfos/ 5'6 lbOPsf] x'g;Sg] cflb sf/0fn]
ubf{ gfkmf–gf]S;fg lx;fjn] b]vfPsf] v'b d'gfkmf / s/ of]Uo d'gfkmf (Taxable Profit) df km/s kg{
;Sb5 . t;y{, cfos/ d"NofÍgsf] nflu Ohfhtkqk|fKt ;+:yfn] v'b d'gfkmfdf cfos/ P]g / ;f] P]g
52
cGtu{t ag]sf] lgodfjnL adf]lhd vr{, cfDbfgLdf cfjZos yk36 u/L cnUu} s/ of]Uo cfDbfgL
lgwf{/0f ug'{kg]{ 5 . ;f]xL cg';f/ x'g] /sdsf] cfos/ Joj:yf ug]{ gLlt lnO{ n]vf gLlt cGtu{t
hfgsf/L lbg'kg]{ 5 .
# nufgL ;DaGwL gLlt
Ohfhtkqk|fKt ;+:yfn] Jofkfl/s nufgL (Held For Trade), las|Lsf] nflu pknAw (Available for Sale)
tyf e'QmfgL ldlt;Dd wf/0f ug]{ nufgL (Held in Maturity) u/L tLg efudf 5'§ofpg' kg]{5 . ;f]
cg';f/ 5'§f5'§} zLif{sdf nufgLnfO{ b]vfpg'kg]{ 5 . ;+:yfsf] nufgLdf /x]sf] Jofkfl/s nufgL (Held For
Trade) sf] ;DaGwdf ;do ;dodf k'gd"{NofÍg u/L cfjZos ;dfof]hg ug'{kg]{ 5 . laqmLsf] nflu
pknAw nufgL -z]o/, l8j]Gr/ cflb_ sf] d"NofÍg k/n d"No jf ahf/d"No, h'g sd x'G5 To;df ug'{kg]{
5 / ;f]sf] hfgsf/L n]vf gLltdf lbOg'kg]{ 5 . lwtf]kq ljlgdo ahf/df ;"rLs/0f ul/Psf] (Listed)
z]o/, l8j]Gr/ tyf cGo lwtf]kqx?sf] ahf/ d"No ptf/ r9fj e}/xg] x'Fbf jf;nftnfO{ a9L oyfy{ /
plrt ?kdf k|:t't ug{ tL z]o/ l8j]~r/ tyf lwtf]kqx?sf] ahf/ d"No k/n d'No eGbf 36L 5 eg]
;Defljt gf]S;fgL jfkt Joj:yf (Provision) u/L pQm Joj:yfnfO{ nufgLaf6 36fO{ afFsL x'g cfPsf]
nufgL /sdnfO{ o; zLif{s cGtu{t jf;nftdf b]vfpg' k5{ . lwtf]kq ljlgdo ahf/df ;"rLs[t
gePsf nufgLx?sf] xsdf nfut d"Nodf n]vfÍg u/L nufgL ;dfof]hg sf]ifsf] Joj:yf u/L ;f]
jfktsf] v'b nufgL jf;nftdf k|:t't ug'{kg]{ 5 . ;fy} af]g; z]o/ k|fKt ePdf z]o/ ;+Vof dfq yk
ug'{kg]{ 5 . o;nfO{ cfDbfgL hgfpg kfOg] 5}g .
$ ;6xL 36a9 ;dfof]hg gLlt
ljb]zL d'b|f;Fu ;DalGwt ;DklQ, bfloTj tyf ;6xL 36a9 cfDbfgL tyf vr{x?sf] n]vfÍg ug]{
tl/sfnfO{ Ohfhtkqk|fKt ;+:yfsf] n]vf gLlt cGtu{t v'nfpg'kg]{ 5 . ljb]zL d'b|f sf/f]af/af6 x'g]
cfDbfgL dWo] vl/b ljqmLaf6 x'g] gfkmf÷gf]S;fg (Trading Profit/Loss) / ljb]zL d'b|fsf] k'g/d"NofÍgaf6
x'g] gfkmf÷gf]S;fg (Revaluation Gain/Loss) sf] :ki6 b]lvg] u/L 5'§f5'§} n]vf /fVg'kg]{ 5 .
Ohfhtkqk|fKt ;+:yfn] ljb]zL ljlgdo b/df x'g] kl/jt{gsf] cfwf/df sDtLdf k|To]s d;fGtdf æ;6xL
36a9 lx;fjÆ nfO{ ;dfof]hg ug'{kg]{ 5 / k|To]s ;fntdfddf ;dfof]lht v'b k'g/d"NofÍg gfkmf–
gf]S;fgsf] olsg ug'{kg]{ 5 . ;fntdfddf k'g/d"NofÍg gf]S;fg ePdf gfkmf gf]S;fg lx;fjdf vr{
hgfpg'kg]{ 5 . olb ;dfof]lht v'b k'g/d"NofÍg /sd gfkmf ePdf ;f]nfO{ gfkmf gf]S;fg lx;fjdf
cfDbfgL hgfO{ pQm gfkmfsf] sDtLdf @% k|ltzt /sd gfkmf–gf]S;fg afF8kmfF8 lx;fj dfkm{t\ ;6xL
36a9 sf]if lx;fjdf ljlgof]lht ug'{kg]{ 5 .
% u}/ a}+lsË ;DklQsf] n]vfÍg gLlt
Ohfhtkqk|fKt ;+:yfn] s'g} shf{ c;'nL gePdf ;'/If0fdf /x]sf] lwtf] j]rljvg u/L afFsL ;fFjf /
Jofh p7fpg ;Sg]5 . ;+:yfn] shf{ c;'n ug]{ l;nl;nfdf lwtf] lnnfdL ubf{ lnnfd laqmL gePdf
cfkm}n] ;sf/ ug{;Sg] 5 . ;sf/ ubf{ lwtf]sf] k|rlnt ahf/ d"No jf lwtf] ;sf/ ug{ cl3Nnf] lbg
;Ddsf] ;Dk"0f{ n]gf /sd dWo] h'g sd x'G5 ;f]xL d"Nodf d"Nof+sg ug'{kg]{ 5 . olb lwtf]sf] jhf/ d"No
shf{sf] n]gf /sd eGbf sd ePdf sd ePhlt /sd ;f]xL cfly{s jif{df gfkmf÷gf]S;fg lx;fjdf vr{
n]vL ;f]xL Joxf]/f n]vf gLltdf pNn]v ug'{kg]{ 5 .
t/, o;/L d"NofÍg ubf{ To:tf] u}/ a}+lsË ;+klQ jfktsf] /sd ;Dk"0f{ ?kdf lx;fj ldnfg geP;Dd
n]gf /sd dWo]sf] Jofh /sdnfO{ gfkmf÷gf]S;fg lx;fadf cfDbfgL hgfpg kfOg] 5}g / To:tf]
/sdnfO{ u}/ a}+lsË ;+klQ jfktsf] gf]S;fgL Joj:yfdf ;fg'{kg]{ 5 .
^ k'FhLs[t gul/g] ;DklQx? ;DaGwL n]vfÍg gLlt
Ohfhtkqk|fKt ;+:yfsf] Joj:yfkgn] s'g} lglZrt df]n;Dd kg]{ pks/0f, ;fdfgx? k'FhLs[t gug]{ gLlt
lnPsf] 5 eg] ;f] s'/f n]vf gLlt cGtu{t ;dfj]z ug'{kg]{ 5 .
& cfDbfgL÷vr{ n]vfÍg ug]{ gLlt
Ohfhtkqk|fKt ;+:yfn] s'g} klg cfo÷vr{nfO{ ;fdfGotof k|f]befjL cfwf/ (Accural Basis) df
cfo÷vr{ hgfpg'kg]{ 5 . t/ shf{÷;fk6sf] Jofh cfDbfgL hgfpg] ;DjGwdf gub k|fKtLsf] cfwf/df
dfq hgfpg] Joj:yf ug'{kg]{ 5 . o;/L Ohfhtkqk|fKt ;+:yfn] cfDbfgL÷vr{ hgfpg] ;DjGwdf lnPsf]
gLltnfO{ cfkm\gf] n]vf gLltdf :ki6 v'nfpg'kg]{ 5 .

53
* ;Defljt shf{ gf]S;fgL Joj:yf tyf c;'nL x'g g;Sg] shf{x?sf] ckn]vg gLlt
Ohfhtkqk|fKt ;+:yfx?n] o; a}+ssf] lgb]{zg cg';f/ ;Defljt shf{ gf]S;fgL Joj:yf sfod /fVg'kg]{]
x'Fbf ;f]xL Joxf]/f n]vf gLltdf v'nfpg'kg]{ 5 . ;fy} c;'n x'g g;Sg] shf{x?sf] o; a}+sn] lbPsf]
lgb]{zgsf] clwgdf /xL ckn]vg ug]{ / Ohfhtkqk|fKt ;+:yfåf/f clVtof/ u/]sf] gLlt ;d]t n]vf gLlt
cGt/ut v'nfpg'kg]{ 5 . Ohfhtkqk|fKt ;+:yfn] shf{ ckn]vg ljlgodsf] cfwf/df /xL ckn]vg gLlt
th'{df ug'{kg]{ 5 .
( shf{sf] ;fFjf tyf Jofh c;'n ug]{ Joj:yf
Ohfhtkqk|fKt ;+:yfx?n] ;DjlGwt C0fLaf6 /sd c;'npk/ ubf{ To:tf] c;'n /sd dWo]af6 ;j{k|yd
c;'n pk/ ug'{kg]{ Jofh /sd ;Dk"0f{ ?kdf c;'npk/ ePkl5sf] cj:yfdf dfq afFsL /sd ;fFjfdf
cfjZos lx;fj ldnfg ug{;Sg] 5 .
t/, k'g/;+/rgf / k'g/tflnsLs/0f ul/Psf v/fj shf{x?sf] ;Gbe{df pk/f]Qm Joj:yf nfu" x'g] 5}g .
!) cGo gLltx?
pko'{Qm k|d'v n]vf gLltx? afx]s jf;nft / gfkmf–gf]S;fg lx;fjnfO{ a'em\g / ljZn]if0f ug{ ;3fp
k'Ug]u/L cGo s'g} n]vf gLltsf] hfgsf/L lbg cfjZos b]lvPdf ;f] Joxf]/f ;d]t n]vf gLltdf pNn]v
ug'{kg]{ 5 .
-#_ n]vf ;DaGwL l6Kk0fLx?
o; cGtu{t sDtLdf lgDg ljifox? ;dfj]z u/L cg';"rL $=## df jflif{s n]vf laj/0fx?;Fu k|sflzt ug'{kg]{
5.
!= jif{el/df k|jfx ePsf] shf{ ;fk6, c;'nL ePsf] / ldgfxf ul/Psf] ;fFjf tyf Aofhsf] laj/0f .
@= lgIf]k bfloTj cGtu{t k|To]s zLif{sdf jif{el/df kl/jt{g -k|fKtL, e'QmfgL tyf jfFsL_ ePsf] /sd .
#= lgIf]k / shf{sf] efl/t cf}ift Aofh b/sf] cGt/ (Weighted Average Interest Rate Spread) .
$= ckn]vg x'g afFsL vr{sf] laj/0f .
%= Ohfhtkqk|fKt ;+:yfsf] ;DklQ / bfloTj;Fu ;DalGwt sf/f]af/ / jf;nft aflx/sf] sf/f]af/ s'g} Ps
JolQm kmd{, sDkgL jf ;+ul7t ;+:yf tyf s'g} Ps If]qdf tf]lsPsf] ;LdfeGbf a9L clws]lGb|t ePsf]
laj/0f .
^= t/ntf ;DaGwL hf]lvd Go"gLs/0f ug{ Ohfhtkqk|fKt ;+:yfn] cfkm\gf] bfloTj tyf ;DklQnfO{ e'QmfgL
cjlw (Maturity Period) sf] cfwf/df ljleGg ;do cGt/fndf juL{s/0f ug'{kg]{ ;DaGwdf o; a}+sn]
lbPsf] lgb]{zg cg'?k ;DklQ / bfloTjsf] juL{s/0f ul/Psf] laj/0f .
&= Ohfhtkqk|fKt ;+:yfn] ;'/If0fsf ?kdf cfkm\gf] ;DklQ lwtf] /fvL /sd lnPsf] 5 eg] ;f]sf] laj/0f .
(= u}/ a}ls+u ;DklQ ;DalGw ljj/0f -ut jif{sf], o; jif{ :jLsf/ ÷ljqmL / v'b jfFsL /sd_ .
!)= r'Qmf k'FhLdWo] clu|d e'QmfgL k|fKt (Paid in Advance), e'QmfgL k|fKt x'g afFsL (Calls in Arrears) / hkmt
ul/Psf t/ k'gM lgisfzg gul/;s]sf (Forfeited But Not issued) z]o/x? /x]sf] 5 eg] o; ;DaGwL
ljj/0f .
!!= lnhxf]N8 ;DklQdf ut jif{ ;Dd / o; jif{ ckn]vg (Amortization) ul/Psf] /sdsf] ljj/0f .
!@= ljQLo ljj/0fx?nfO{ a'e\mg / ljZn]if0f ug{ ;3fp k'Ug] hfgsf/L lbg cfjZos b]lvPsf cGo laj/0f .
!#= Ohfhtkqk|fKt ;+:yfsf] Ph]G;L df}Hbft cGtu{t cjlw cg';f/sf] -! jif{, !–# jif{, # jif{eGbf a9L_
lx;fa ldnfg x'g afFsL /sdsf] ljj/0f .
-$_ jf;nftsf zLif{sx?sf] ;+lIfKt JofVof
k'FhL tyf bfloTj tk{m
!= z]o/ k'FhL
o; zLif{sdf Ohfhtkqk|fKt ;+:yfsf] r'Qmf z]o/ k'FhL pNn]v x'g'kg]{ 5 . ;l~rt d'gfkmf jf hu]8f
/sdaf6 af]g; z]o/ hf/L ePdf o;/L hf/L u/L z]o/ k'FhLdf hDdf u/]sf] /sdnfO{ ;d]t cg';"rL
$=! df pNn]v (Disclose) ug'{kg]{ 5 . z]o/ k'FhL;Fu ;DalGwt laj/0f cg';"rL $=! adf]lhd x'g'kg]{ 5
/ ;f]xL cg';"rLsf] qmd ;+Vof !=# sf] s'n /sd jf;nftsf] o; zLif{sdf hgfpg'kg]{ 5 .

54
@= hu]8f tyf sf]ifx?
Ohfhtkqk|fKt ;+:yfn] hu]8f sfod ug]{ l;nl;nfdf gfkmfaf6 afF8kmfF8 e} cfPsf jf cGo s'g} k|lqmofaf6
;[hgf ePsf tyf gfkmf–gf]S;fg lx;fjdf afF8kmfF8 gu/L ;+ro u/L /flvPsf] /sdx?nfO{ o; zLif{s
-cg';"rL $=@_ df hgfpg'kg]{ 5 . o; zLif{sdf ;fdfGotM gfkmf–gf]S;fg afF8kmfF8 lx;fjdf vr{ hgfO{
hDdf ug'{kg]{ / oL hu]8f k|of]u ubf{ ;DalGwt hu]8f tyf sf]if lx;fjdf vr{ hgfpg'kg]{ 5 .
-s_ ;fwf/0f÷j}wflgs hu]8f sf]if
;fwf/0f hu]8f sf]if eg]sf] j}wflgs hu]8f sf]if (Statutory Reserve) xf] . o; cGtu{t a}+s tyf
ljQLo ;+:yf ;DaGwL P]g cg';f/ v'b d'gfkmf ljlgof]hgaf6 ;fl/Psf] /sd ;dfj]z ug{'kg]{ 5 .
;fwf/0f÷j}wflgs hu]8f sf]ifdf /x]sf] /sdaf6 s'g} klg k|sf/sf] nfef+z -gub jf af]g; z]o/_
ljt/0f ug{ kfOg] 5}g . pQm sf]ifdf /x]sf] /sd k|of]u ug{ o; a}+ssf] :jLs[lt lng'kg]{ 5 .
-v_ k'FhLut hu]8f sf]if
k'FhLut hu]8f sf]if cGt{ut b]xfosf zLif{sx? /xg] 5g\ .
-c_ z]o/ lk|ldod
Ohfhtkqk|fKt ;+:yfn] cfˆgf] z]o/ hf/L ubf{ z]o/sf] c+lst d"No eGbf a9L b/n] hf/L
u/]sf] /x]5 eg] pQm a9L /sd hlt o; lx;fjdf hDdf ug'{kg]{ 5 . o; lx;fjdf /xg]
/sd gub nfef+z ljt/0f k|of]hgsf] nflu of]Uo dflgg] 5}g .
-cf_ k'FhLut hu]8f
o; cGt/ut lgDg /sdx? /fVg'kg]{ 5 .
– r'Qmf gePsf] z]o/sf] afFsL /sd dfu ubf{ e'QmfgL gu/]sf] sf/0fn] pQm z]o/nfO{
hkmt u/L k|fKt x'g cfPsf] /sd .
– kF"hLut cg'bfg jfkt k|fKt x'g cfPsf] lhG;L tyf gub /sd .
-O_ ;DklQ k'gd"{NofÍg hu]8f (Revaluation Reserve)
sDkgLn] ;DklQsf] k'gd"{NofÍg u/L ;[hgf x'g cfPsf] hu]8fnfO{ o; cGtu{t /fVg'kg]{ 5 .
-O{_ cGo k'FhLut hu]8f
-u_ nfef+z ;dLs/0f sf]]if
nfef+zdf Ps?ktf sfod ug{] p2]Zon] gfkmf ePsf] cj:yfdf gfkmfaf6 o; vftfdf hDdf
ug{;lsGf] 5 . To:tf] cj:yfdf ;+rfns ;ldltsf] k|:tfj / ;fwf/0f ;efsf] cg'df]bgdf o; vftf
vr{ u/L nfef+z lbg;lsg] 5 .
-3_ ;l~rt gfkmf÷gf]S;fg
o; cGtu{t gfkmf÷gf]S;fg afF8kmfF8 lx;fjdf b]lvPsf] ;l~rt gfkmf jf ;l~rt gf]S;fgnfO{
b]vfpg'kg]{ 5 . ;l~rt gf]S;fgnfO{ C0ffTds lrGx lbO{ jf sf]i7 - _ leq b]vfpg'kg]{ 5 .
-ª_ k'FhL ;dfof]hg sf]if
o; a}+saf6 tf]lsPsf] Go"gtd r'Qmf k'FhL k'¥ofpg k'FhL ;dfof]hg sf]if v8f u/L /fv]sf] /sd jf
ljz]if cj:yfdf z]o/wgLx?jf6 clu|d hDdf -Call in Advance_ u/L /fv]sf] /sd o; zLif{s
cGtu{t /fVg'kg]{ 5 .
-r_ cGo hu]8f sf]if
s'g} vf; p2]Zo lnP/ jf glnO{sg cGo s'g} hu]8f sf]if -dfly pNn]lvt afx]s_ v8f u/]df zLif{s
vf]nL o; cGtu{t /fVg'kg]{ 5 .
#= C0fkq tyf j08
Ohfhtkqk|fKt ;+:yfn] C0fkq tyf a08 hf/L u/L k'FhL p7fPsf] ePdf pQm /sdnfO{ o; zLif{s
cGtu{t cg';"rL $=# cGtu{t ;DalGwt pks/0fsf] gfd v'nfO{ pNn]v ug'{kg]{ 5 . jf;nftsf] o;
zLif{sdf hgfOg] /sd cg';"rL $=# sf] s'n /sd;Fu a/fa/ x'g'kg]{ 5 .
$= ltg{ afFsL shf{ -;fk6L_
Ohfhtkqk|fKt ;+:yf cfkm"n] shf{ ;fk6 lnO{ ltg{ afFsL /x]sf] s'n /sdnfO{ o; zLif{sdf hgfpg'kg]{
5 . o; lzif{s ;DjGwL ljj/0f cg';"rL $=$ df pNn]v ug'{kg]{ 5 .
%= e'QmfgL lbg' kg]{ ljnx?
-s_ o; cGtu{t Ohfhtkqk|fKt ;+:yfn] cfˆg} zfvfx?af6 Ps csf]{ zfvf pk/ lvlrPsf], :jb]zL
tyf ljb]zL a}+s tyf ljQLo ;+:yfx?af6 cfkm" pk/ lvr]sf] 8«fˆ6, l6=l6=, d]n 6«fG;km/ tyf
55
cGo k]–c8{/ dWo] e'QmfgL lbg afFsL /sd ;dfj]z ug'{kg]{ 5 . cfk"m pk/ lvlrPsf] e'QmfgL
cfb]zsf] ;"rgf jf ;]8\o'n jf cfb]z k|fKt x'g] ljlQs} ;DalGwt zfvf lx;fj jf Ph]G;L lx;fj
8]lj6 u/L of] lx;fj q]ml86 ug'{kg]{ 5 .
-v_ Ohfhtkqk|fKt ;+:yfn] l8:sfp06 u/]sf ljnx?nfO{ olb cGo Ohfhtkqk|fKt ;+:yf;Fu k'gM
l8:sfp06 u/]df ;f] ;+:yfn] ljn l8:sfp06 lx;fjnfO{ g} q]ml86 u/L l8:sfp06 lx;fj aGb ug{
jf k'gM l8:sfp06 ul/Psf ljn lx;fj egL leGb} vftf vf]nL o;df q]ml86 ug{ ;Sg]5 . of]
lx;fjdf /x]sf] /sdnfO{ klg e'QmfgL lbg'kg]{ ljn cGtu{t g} Psd'i6 u/L b]vfpg'kg]{ 5 .
ljn l8:sfp06 lx;fjd} q]ml86 ug]{ eP Ohfhtkqk|fKt ;+:yfsf] lx;fj lstfjdf k'gM l8:sfp06
u/]sf] ;DaGwL s]xL bfloTj gb]lvg] x'G5 . t/, k'gM l8:sfp06 ljn ;DaGwL Ohfhtkqk|fKt
;+:yfsf] cb[Zo bfloTj /lx/xg] x'Fbf To:tf] /sdnfO{ jf;nftdf ;Defljt bfloTj cGtu{t
hgfpg'kg]{ 5 .
^= lgIf]k bfloTj
Ohfhtkqk|fKt ;+:yfn] lgIf]kstf{x?af6 kl/rfng u/]sf] s"n lgIf]k o; zLif{s cGt/ut b]vfpg'kg]{
5 . o; lzif{s ;DjGwL ljj/0f cg';"rL $=% adf]lhd x'g'kg]{ 5 .
&= k|:tfljt tyf e'QmfgL lbg afF+sL nfef+z
k|:tfljt tyf ;fwf/0f;efn] kfl/t u/]sf] t/ e'StfgL u/L g;s]sf] nfef+; /sd o; cGtu{t
/fVg'kg]{5 .
*= cfos/ bfloTj
;+:yfn] o; zLif{s cGtu{t cfos/ P]g adf]lhd e'QmfgL ug'{kg]{ cfos/ jfktsf] Joj:yf /sd
/fVg'kg]{ 5 . cu|Ld e'QmfgL ePsf] cfos/ /sd 36fP/ v"b ltg{ afFsL cfos/ eP dfq o; zLif{s
cGtu{t /fVg''kg]{ 5 . olb cfos/ bfloTj eGbf clu|d s/ e'QmfgL /sd a9L /x]df v'b /sd cGo
;DklQdf b]vfpg'kg]{ 5 .
(= cGo bfloTj
;+:yfsf] lx;fadf b]lvPsf dfly pNn]lvt k'FhL tyf bfloTjx? afx]ssf cGo s'g} klg ls;Ldsf
bfloTjx? o; zLif{sdf b]vfpg'kg]{ 5 . o;df lbOPsf] pkzLif{sx? ;Lldt /x]sf] dflgPsf] 5}g /
;+:yfn] cfjZostf cg';f/ cGoq k|bz{g ug{ g;lsg] zLif{sx? o;df /fVg ;Sg]5 .
-s_ e'QmfgL lbg aFfsL af]g;
sd{rf/LnfO{ e'QmfgL lbg afFsL] af]g; /sd o; cGtu{t /fVg'kg]{ 5 .
-v_ lgIf]kdf e'QmfgL lbg afF+sL Aofh
lgIf]kdf e'QmfgL lbg afFsL] Aofh /sd o; cGtu{t /fVg'kg]{ 5 .
-u_ shf{ tyf ;fk6Ldf e'QmfgL lbg aFfsL Jofh
;+:yfn] shf{ tyf ;fk6Ldf e'QmfgL lbg aFfsL Aofh /sd o; cGtu{t /fVg'kg]{ 5 .
-3_ kfsL g;s]sf] sldzg
;+:yfn] s'g} ;]jf ul/lbP jfkt kfpg] sldzg b'O{ jf b'O{ eGbf a9L cfly{s jif{sf] nflu
k|bfg ug'{kg]{ ;]jf;Fu ;DalGwt 5 eg] k|bfg ug]{ ;]jfsf] cfwf/df b'O{ jf b'O{ eGbfa9L
cflys jif{df cfDbfgL hgfpg'kg]{ 5 . cfDbfgL hgfpg aFfsL clu|d?kdf k|fKt sldzg
/sd o; zLif{s cGtu{t /fVg'kg]{ 5 .
-ª_ ;08«L qm]l86;{
;+:yfsf] b}lgs sfd sf/jfxLsf l;nl;nfdf e'QmfgL lbg'kg]{ t/ cGo zLif{s cGtu{t gkg]{
bfloTjx? o; zLif{s cGtu{t /fVg'kg]{ 5 .
-r_ n]vfk/LIf0f z'Ns
n]vfk/LIf0f sfo{ u/] afkt n]vfk/LIfsnfO{ e'QmfgL lbg aF+fsL /sd o; zLif{s cGtu{t
/fVg'kg]{ 5 .
-5_ pkbfg sf]if
;+:yfn] cfkm\gf] sd{rf/L lgodfjnL cg';f/ sd{rf/Lx?k|ltsf] pkbfg jfktsf] bfloTj /sd
o; zLif{s cGtu{t /fVg'kg]{ 5 .
-h_ sd{rf/L ;+rosf]if

56
;+:yfn] sd{rf/LnfO{ ;+ros]fif Affkt k|bfg ug{sf] nflu sd{rf/Lsf] dfl;s tnaaf6 s§f
ul/Psf], ;+:yfn] yk u/]sf] / To; sf]ifn] cfh{g u/]sf] Aofh tyf cfDbfgL jfktsf]
bfloTj /sd o; zLif{s cGtu{t /fVg'kg]{ 5 .
-em_ zfvf lx;fa
;+:yfsf] ljleGg zfvfsf] lx;fa ldnfgubf{ qm]l86 Jofn]G; cfPdf o; zLif{s cGtu{t
k|:t't ug{'kg]{ 5 .
;DklQ tk{mM
!= gub df}Hbft
Ohfhtkqk|fKt ;+:yfsf] cfkm\gf] 9's'6Ldf :jb]zL Pj+ ljb]zL d'b|fdf /x]sf] s'n gub df}Hbft /sd o;
zLif{sdf pNn]v ug'{kg]{ 5 . o; zLif{ssf] lj:t[t ljj/0f cg';"rL $=* df pNn]v ug'{kg]{ 5 .
@= g]kfn /fi6« a}+sdf /x]sf] df}Hbft
Ohfhtkqk|fKt ;+:yfn] g]kfn /fi6« a}+sdf Aofh k|fKt gx'g] u/L hDdf u/]sf] s'n /sdnfO{ o; zLif{sdf
b]vfpg'kg]{ 5 .
#= a}+s÷ljQLo ;+:yfdf /x]sf] df}Hbft
Ohfhtkqk|fKt ;+:yfn] :jb]zL tyf ljb]zL a}+s tyf ljQLo ;+:yfx?df Aofh k|fKt gx'g] u/L hDdf
u/]sf] s'n /sdnfO{ o; zLif{sdf b]vfpg'kg]{ 5 . o; zLif{ssf] /sd cg';"rL $=!) sf] s'n /sd;Fu
a/fa/ x'g'kg]{ 5 .
:ki6Ls/0fM
o; a}+saf6 Ohfhtkqk|fKt ljsf; a}+s tyf ljQ sDkgLx?n] Ps xKtfsf] clu|d ;"rgfdf lkmtf{ lng
;lsg] u/L :jb]zL a}+s tyf ljQLo ;+:yfdf Ohfhtkqk|fKt ævÆ, æuÆ / æ3Æ ju{sf ljQLo ;+:yfx?n]
/fv]sf] tLg dlxgf jf ;f] eGbf al9 cjlwsf d'2tL lgIf]knfO{ ;d]t cg';"rL $=!) sf] a'Fbf g+= ! ævÆ
cGtu{t b]vfpg'kg]{ 5 .
$= dfu tyf cNk ;"rgfdf k|fKt x'g] /sd
o; zLif{sdf j9Ldf & lbg;Ddsf] e'QmfgL cjlw (Maturity Period) sfod u/L dfu ugf{;fy jf 5f]6f]
cjlwsf] ;"rgf -$* 306f_ df e'QmfgL k|fKt x'g] zt{df cGo Ohfhtkqk|fKt ;+:yf -:jb]zL jf ljb]zL_
df Aofh k|fKt x'g] u/L nufgL ul/Psf] /sd pNn]v ug'{kg]{ 5 . o; zLif{ssf] /sd cg';"rL $=!! df
pNn]v ug'{kg]{ 5 .
%= nufgL
-s_ Ohfhtkqk|fKt ;+:yfn] Jofkfl/s nufgL (Held For Trade), las|Lsf] nflu pknAw nufgL
(Available for Sale) tyf e'QmfgL ldlt;Dd wf/0f ug]{ nufgL (Held in Maturity) u/L tLg efudf
5'§ofO b]vfpg'kg]{ 5 .
-v_ z]o/ nufgLaf6 k|fKt x'g] af]g; z]o/nfO{ z]o/ ;+Vofdf dfq j[l4 u/L k/ndf]ndf s'g} kl/jt{g
gu/L nufgLsf] n]vfÍg ug'{kg]{ 5 .
-u_ ;+:yfsf] z]o/ k'FhLdf nufgL ul/Psf] laj/0f cg';"rL $=!@ -s_ sf] z]o/ nufgL zLif{sdf
b]vfpg' kg]{5 . pQm laj/0fdf lgDg s'/fx? :ki6 v'nfpg'kg]{ 5 .
-!_ sDkgLsf] gfd
-@_ z]o/sf] lsl;d -;fwf/0f jf lk|km/]G;_, lk|km/]G; z]o/df nfef+z b/ ;d]t .
-#_ lnPsf] z]o/ lsQf -af]g; z]o/ kfPsf] eP ;f] ;d]t_ .
-$_ k|lt z]o/ c+lst d"No
-%_ k/n df]n dxndf Ohfhtkqk|fKt ;+:yfsf] nfut .
-^_ :6s PS;r]Ghdf ;"rLs[t z]o/ eP jf;nftsf] lbgsf] ;"lrs[t d"No .
-&_ Ohfhtkqk|fKt ;+:yfn] z]o/df nufgL u/]sf] s'g} sDkgLn] ljut # jif{ jf ;f]eGbf a9L
;dob]lv s'g} nfef+z 3f]if0ff u/]sf 5}gg\ eg] ;f] ;d]t v'nfpg'kg]{ .
-3_ sDkgLx?sf] l8j]Gr/ tyf j08df ul/Psf] nufgLsf] laj/0f cg';"rL $=!@ -s_ sf] l8j]Gr/ tyf
j08 nufgL zLif{sdf b]vfpg'kg]{ 5 .
-!_ sDkgLsf] gfd
-@_ Aofhb/
57
-#_ l8j]Gr/÷j08sf] lsQf
-$_ l8j]Gr/÷j08sf] c+lst d"No
-%_ l8j]Gr/÷j08sf] e'QmfgL x'g] ldlt
-^_ l8j]Gr/÷j08 vl/bsf] nfut d"No æk/n df]nÆ dxndf b]vfpg'kg]{ .
-ª_ lwtf]kq ljlgdo ahf/df ;"rLs[t z]o/, l8j]Gr/ tyf cGo lwtf]kq k/n d"NoeGbf ahf/ d"No sd
ePdf To:tf k|To]s nufgLx?df xfgL gf]S;fgL jfkt Joj:yf ug'{kg]{ 5 . ;f] Joj:yf ul/Psf] /sd
nufgLsf] s'n /sddf 36fO{ v'b nufgL /sd o; zLif{sdf b]vfpg'kg]{ 5 . ;fy} cg';"rL $=!@ sf]
qm=;+=* / ( sf] s'n /sd cg';"rL $=!@ -s_ sf] s'n nufgLsf] /sd;Fu a/fa/ x'g'kg]{ 5 .
-r_ cg';"rL $=!@ sf] qm=;+=! b]lv ( ;Dd pNn]v eP jfx]ssf] nufgLnfO{ cGo nufgL cGtu{tsf]
zLif{sdf b]vfpg'kg]{ 5 .
^= shf{ ;fk6 tyf ljn vl/b
Ohfhtkqk|fKt ;+:yfn] k|bfg u/]sf] s'n shf{ ;fk6, vl/b tyf l8isfp06 ul/Psf ljnx? jfktsf]
s'n jSof}tf (Outstanding) /sddf shf{ gf]S;fgL Joj:yf jfktsf] s'n /sdnfO{ s'n shf{ ;fk6sf]
?kdf 5'§} o; zLif{sdf b]vfpg'kg]{ 5 . ;fy}, pQm shf{ ;fk6 jfkt sfod ul/Psf] gf]S;fgL Joj:yf
/sdnfO{ 36fO{ o; zLif{s cGtu{t v'b shf{ ;fk6sf] dxndf b]vfpg'kg]{ 5 . pQm /sd cg';"rL $=!#
/ $=!# -s_ cg';f/ b]vfpg'kg]{ 5 .
Ohfhtkqk|fKt ;+:yfsf] sd{rf/LnfO{ sd{rf/L ljlgodfjnL cg';f/ k|bfg ul/g] shf{ ;'ljwfnfO{ o;
zLif{sdf gb]vfO{ jf;nftsf] ;DklQ / hfoh]yf tk{msf] cGo ;DklQ zLif{s cGtu{t b]vfpg'kg]{ 5 .
&= l:y/ ;DklQ
Ohfhtkqk|fKt ;+:yfsf] :jfldTjdf /x]sf] :yfoL k|s[ltsf ;DklQx?sf] n]vfÍg o; zLif{sdf u/L
;DklQsf] s'n d"Nodf x|f; s§f u/L afFsL /x]sf] /sdnfO{ jf;nftsf] o; zLif{sdf b]vfpg' kg]{5 . o;
zLif{sdf hgfOg] /sd cg';"rL $=!$ df pNn]v ug'{kg]{ 5 .
*= u}/ j}+lsu ;DklQ
o; zLif{s cGtu{t u}/ j}+lsu ;DklQ / ;f] sf] nflu ul/Psf] Joj:yf /sdsf] v'b cj:Yff b]vfpg' kb{5
. o; zLif{sdf hgfOg] /sd cg';"rL $=!% df pNn]v ug'{kg]{ 5 .
(= cGo ;DklQ
dfly pNn]v ePsf afx]s cGo s'g} klg zLif{sdf /x]sf] ;DklQx? (Tangible or Intangible) o; zLif{sdf
b]vfpg'kg]{ 5 . o;df /xg] /sdx?df d;nGb df}Hbft, Ohfhtkqk|fKt ;+:yfsf] sd{rf/LnfO{ sd{rf/L
ljlgodfjnL cg';f/ k|bfg ul/g] ;fk6L tyf ;'ljwf, nufgLdf c;'n ug{ afFsL cfDbfgL, shf{df c;'n ug{
afFsL Aofh, ;08«L 8]6;{, dfu{:y ;DklQx?, ckn]vg x'g afFsL vr{ cflb kg]{5g\ . o; zLif{sdf b]vfOg]
;DklQx?df ul/Psf] ;Defljt gf]S;fgL Joj:yf 36fO{ cfpg] v'b /sd dfq cg';"rL $=!^ df pNn]v
ug'{kg]{ 5 .
shf{df c;'n ug{ jfFsL Jofhdf d'NtjL lx;fjdf ;fl/Psf] /sd 36fO{ cfpg] /sd qm=;+= # df b]vfpg'
kb{5 .
;Defljt bfloTjx?
-s_ ;+:yfsf] ;Defljt bfloTjx?nfO{ ljQLo ljj/0fsf] cg';"rL $=!& df tf]lsPsf] 9fFrf cg';f/
laefhg u/L s'n /sd o; zLif{s cGtu{t /fVg'kg]{ 5 .
-v_ k|lttkq vf]lnP jfkt dflh{g /sd hlt Ohfhtkqk|fKt ;+:yfn] c;'n u/L;s]sf] x'Fbf
k|lttkqsf] k"/} /sddf Ohfhtkqk|fKt ;+:yfsf] bfloTj /x]sf] lgZro klg x'Fb}g . tyflk of]
bfloTj k|lttkq vf]Ng] kIf k|lt geO{ Ph]G;L ;+:yf k|lt /x]sf] x'Fbf k|lttkqsf] k'/} /sd bzf{pg'
k5{ . o; zLif{s cGtu{t k|lttkq sf/f]jf/ jfkt bfloTjsf] k'/} /sd b]vfpg'kg]{ 5 .
-u_ k'gM l8isfp06 ul/Psf ljnx? o; zLif{s cGtu{t b]vfpg'kg]{ 5 .
-3_ Dofb gf3L g;s]sf hdfgt jfktsf k"/} /sdx?nfO{ ;Defljt bfloTjdf b]vfpg'kg]{ 5 .
-ª_ z]o/df nufgL u/]sf]df z]o/ jfkt e'QmfgL ug'{kg]{ k"/} /sd e'QmfgL ePsf] /x]g5 eg] e'QmfgL
lbg afFsL /sd o; zLif{sdf b]vfpg' k5{ .
-r_ Ohfhtkqk|fKt ;+:yfn] s'g} u|fxs;Fu Forward Exchange Contract u/]sf] 5 eg] Dofb gf3L
g;s]sf] sG6«ofS6sf] k"/f /sd o; zLif{sdf b]vfpg'kg]{ 5 .
58
-5_ Ohfhtkqk|fKt ;+:yfn] d~h'/L tyf ;dy{g (Acceptence & Endorsement), k|Tofe"lt k|ltj4tf
(Underwriting Commitment), shf{ k|ltj4tf (Loan Commitment) u/]sf] 5 eg] To:tf /sdx?nfO{
;Defljt bfloTj cGtu{t b]vfpg'kg]{ 5 .
-h_ dfly pNn]lvt bfloTj afx]s Ohfhtkqk|fKt ;+:yfsf] cGo ;Defljt bfloTj 5g\ eg] ;f]
;d]tnfO{ cg';"rL $=!& cGtu{t b]vfpg'kg]{ 5 .
-%_ gfkmf–gf]S;fg lx;fjsf zLif{sx?sf] ;+lIfKt JofVof
!= Aofh cfDbfgL
Ohfhtkqk|fKt ;+:yfn] k|bfg u/]sf] shf{ ÷;fk6df k|fKt x'g' kg]{ AofhnfO{ gub k|fKtLsf] cfwf/df
cfDbfgL jfFwL o; zLif{sdf b]vfpg'kg]{ 5 . ;+:yfsf] Jofh cfDbfgLnfO{ cg';"rL $=!* adf]lhd pNn]v
ug'{kg]{ 5 .
@= Aofh vr{
Ohfhtkqk|fKt ;+:yfn] :jLsf/ u/]sf] lgIf]kdf tyf lnPsf] ;fk6Ldf pNn]lvt cjlwdf ltg'{kg]{ Aofh
/sdnfO{ æAofh vr{Æ lx;fj zLif{sdf vr{ n]Vg'kg]{ 5 . gfkmf–gf]S;fg lx;fjsf] o; zLif{sdf hgfO{g]
s'n /sd cg';"rL $=!( df pNn]v ug'{kg]{ 5 .
#= sldzg tyf l8isfp06
Ohfhtkqk|fKt ;+:yfn] cfˆgf] sf/f]jf/sf] l;nl;nfdf plNnlvt cjlwdf cfh{g u/]sf] sldzg, ;]jf
z'Ns tyf l8isfp06sf] s'n /sdnfO{ o; zLif{sdf hgfO{ cg';"rL $=@) cg';f/ b]vfpg'kg]{ 5 .
$= cGo ;~rfng cfDbfgL
cfDbfgL zLif{stk{m Joj;fo ;~rfngaf6 dfly pNn]v ul/P jfx]s Ohfhtkqk|fKt ;+:yfn] cfh{g u/]sf]
cGo s'g} klg cfDbfgLnfO{ o; zLif{sdf hgfO{ cg';"rL $=@! cg';f/ b]vfpg'kg]{ 5 .
%= ;6xL 36j9 cfDbfgL
Ohfhtkqk|fKt ;+:yfn] ljb]zL d'b|f sf/f]jf/ -a§f jfx]s_ jf6 ePsf] gfkmf tyf ljb]zL d'b|f ;6xL b/df
ePsf] kl/jt{gsf] sf/0fn] x'g uPsf] gfkmf÷gf]S;fgnfO{ 5'§f5'§} lzif{sdf b]vfpg'kg]{ 5 . cg';"rL $=@@
sf] hDdf /sddf gfkmf b]lvPdf dfq ;f] /sd o; zLif{sdf pNn]v ug'{kg]{ 5 . cg;"rL $=@@ sf] a'Fbf
g+= -s_ ljlgdob/df ePsf] km/saf6 ePsf] s"n cfDbfgLsf] @%% k|To]s ;fn tdfddf gfkmf gf]S;fg
jfF8kmfF8 lx;fj ljlgof]hgaf6 ;6xL 36j9 lx;fjdf hDdf ug'{kg]{ 5 .
^= sd{rf/L vr{
Ohfhtkqk|fKt ;+:yfsf sd{rf/Lx?sf] lgldQ eP u/]sf] vr{x?sf] s'n /sd o; zLif{sdf hgfpg'
kg]{5 . o; zLif{sdf ;dfj]z x'g] vr{x?df sd{rf/L tnj, eQf, k]G;g, pkbfg vr{, ;~rosf]if yk,
tflnd vr{, kf]zfs vr{, jLdf cflb kg]{5g\ . o; zLif{sdf hgfO{g] /sd cg';"rL $=@# cg';f/ pNn]v
ug'{kg]{ 5 .
&= cGo ;~rfng vr{
Ohfhtkqk|fKt ;+:yfn] cfˆgf] sfof{no ;~rfngsf] l;nl;nfdf eP÷u/]sf cGo ;Dk"0f{ ;~rfng
vr{x?sf] s'n /sd of] zLif{sdf hgfpg'kg]{ 5 . o; zLif{sdf pNn]v ul/g] /sd cg';"rL $=@$ df
pNn]v ug'{kg]{ 5 .
*= ;6xL 36j9 gf]S;fg
;6xL 36j9 cfDbfgL÷gf]S;fg lx;fjdf b]lvPsf] v'b df}Hbft C0ffTds /x]df of] zLif{sdf b]vfpg'kg]{
5.
(= ;Defljt gf]S;fgL Joj:yf
hf]lvdo'Qm ;DklQ (Risk assets) sf] nflu o; a}+ssf] lgb]{zg jdf]lhd /fVg'kg]{ Joj:yf (Provision)
gfkmf÷gf]S;fg lx;fjsf] o; zLif{sdf vr{ hgfO{ cg';"rL $=@% cg';f/ pNn]v ug'{kg]{ 5 . o:tf]
Joj:Yffsf] cg'dfg q}dfl;s ?kdf ug'{kg]{ 5 .
!)= u}/ ;~rfng cfDbfgL÷gf]S;fg
sf/f]jf/sf] l;nl;nfdf k|ToIf ?kn] ;~rfng;+u ;DjlGwt g/x]sf cfDbfgL tyf vr{x? o; zLif{s
cg';f/ pNn]v ug'{kg]{ 5 . o; zLif{sdf hgfOg] /sd cg';"rL $=@^ cg';f/ pNn]v ug'{kb{5 .

59
!!= ;Defljt gf]S;fgL Joj:yfjf6 lkmtf{
hf]lvdo'Qm ;DklQx? (Risk assets) sf] nflu ul/Psf] Joj:yf /sd a9L ePdf a9L ePsf] /sd lkmtf{
cfDbfgL (Write back) ug'{kg]{ cj:Yff cfPdf o; zLif{s cGtu{t b]vfO{ cg';"rL $=@& cg';f/ pNn]v
ug'{kg]{ 5 .
!@= c;fdfGo sf/f]jf/x?af6 ePsf] cfDbfgL÷vr{
c;fdfGo sf/f]jf/x?af6 ePsf] cfDbfgL÷vr{ cGtu{t dfly plNnlvt cGo zLif{sx? jfx]s v'b Jofh
cfDbfgLsf] % k|ltzteGbf a9L /x]sf ;a} vr{ tyf cfDbfgLsf] nflu cg;"rL $=@* cg';f/ cnUu}
zLif{sdf b]vfpg'kg]{ 5 .
!#= sd{rf/L af]g; Joj:yf
sd{rf/L jf]g;sf] Joj:yf ubf{ gfkmf–gf]S;fg lx;fjsf] ;Dk"0f{ sf/f]jf/ kl5sf] v'b d'gfkmf -jf]g;
Joj:yf ;d]t_ nfO{ cfwf/ lng'kg]{ 5 . ljBdfg sfg'g jdf]lhd v'b gfkmfaf6 tf]lsPsf] k|ltztn]
jf]g;sf]nflu 5'6Øfpg' kg]{ /sdnfO{ o; zLif{s dfkm{t gfkmf–gf]S;fg lx;fjdf vr{ hgfpg'kg]{ 5 .
!$= cfo s/ Joj:yf
v'b s/ of]Uo gfkmfdf nfUg] cfo s/ jfktsf] /sd o; zLif{sdf vr{ n]Vg'kg]{ 5 . Ohfhtkqk|fKt
;+:yfn] cfo s/ P]g tyf k|rlnt cfly{s sfg'gn]] 5'6 lbPsf / dfGotf glbOPsf vr{x?sf] lx;fj u/L
s/ of]Uo gfkmf sfod ug'{kg]{ 5 / ;f]xL cg'dflgt s/ of]Uo gfkmfsf] cfwf/df cfo s/ ;DjGwL efjL
bfloTj lgwf{/0f u/L o; zLif{s dfk{mt gfkmf–gf]S;fg lx;fjdf vr{ hgfpg'kg]{ 5 .
!%= v'b gfkmf÷gf]S;fg
o; zLif{sdf /x]sf] /sdnfO{ ;f]xL jif{sf]÷cjlwsf] ægfkmf–gf]S;fg jfF8kmfF8 lx;fjÆ sf] o; jif{sf]
d'gfkmf jf o; jif{sf] gf]S;fg zLif{sdf b]vfpg'kg]{ 5 .
-^_ gfkmf–gf]S;fg jfF8kmfF8 lx;fj ;DaGwL zLif{sx?sf] ;+lIfKt JofVof
vr{ tk{msf] ljj/0f -Debit tkm{_
!= ut jif{;Ddsf] ;l~rt gf]S;fg
Ohfhtkqk|fKt ;+:yfsf] lx;fjdf ut cfly{s jif{;Ddsf] ;l~rt 3f6f /x]sf] cj:yfdf o; zLif{sdf
hgfpg'kg]{ 5 .
@= ;fwf/0f hu]8f sf]if
r'Qmfk'FhLsf] bf]Jj/ geP;Dd k|To]s jif{sf] v'b gfkmfaf6 sDtLdf jL; k|ltzt /sd ;fwf/0f hu]8f
sf]ifdf jfF8kmfF8 ug'{kg]{ 5 .
#= e}kl/ cfpg] hu]8f
cfˆgf] v'b gfkmfaf6 s]xL c+z 5'6\ofO{ æe}k/L cfpg] hu]8fÆ zLif{sdf /fVg] lg0f{o u/]df To:tf] /sd
o; sf]ifdf afF8kmfF8 ug'{kg]{ 5 .
$= ;+:yf ljsf; sf]if
cfˆgf] gfkmfnfO{ ;+:yf ljsf; sf]ifdf hDdf ug]{ u/L jfF8kmFf8 ug]{ lg0f{o u/]df ;f] jdf]lhdsf] /sd
o; zLif{sdf b]vfpg'kg]{ 5 .
%= nfef+z ;lds/0f sf]if
;+:yfsf] gfkmfjf6 s]xL /sd cfufdL jif{x?df nfef+z ;lds/0f ug]{ p2]Zon] jfF8kmfF8 u/L 5'§} /fVg
rfx]df To:tf] /sdnfO{ o; zLif{s dfkm{t jfF8kmfF8 lx;fjdf vr{ hgfpg'kg]{ 5 .
^= sd{rf/L ;DjGwL hu]8fx?
;+:yfsf] sd{rf/Lx?;+u ;DjlGwt s'g} k|sf/sf sNof0fsf/L sf]if jf cGo s'g} lsl;dsf sf]ifx?df
gfkmfsf] s]xL c+z jfF8kmfF8 ug]{ ePdf o; zLif{s dfk{mt jfF8kmfF8 lx;fjdf vr{ hgfpg'kg]{ 5 .
&= k|:tfljt nfef+z
cfˆgf] gfkmfsf] s]xL c+z nfef+z ljt/0f ug{ k|:tfj u/]sf] ePdf ;f] /sdnfO{ o; zLif{ssf] afF8kmfF8
lx;fjdf vr{ hgfpg'kg]{ 5 .
*= k|:tfljt jf]g; z]o/
cfˆgf] ;l~rt d'gfkmfnfO{ k'FhLs/0f u/L ljBdfg z]o/jfnfx?nfO{ af]g; z]o/ k|bfg ug]{ jf z]o/s}
r'Qmf d"No a9fpg] lg0f{o u/]df ;f] jfktsf] /sddWo] ;l~rt d'gfkmfaf6 hlt k|of]u x'g] xf] ;f]
/sdnfO{ gfkmf–gf]S;fg afF8kmfF8 lx;fadf vr{ n]vL o; zLif{sdf hDdf ug'{kg]{ 5 .

60
(= ljz]if hu]8f sf]if
o; a}+ssf] lgb]{zg adf]lhd s'g} klg lsl;dsf] ljz]if hu]8f sf]ifx? v8f ug{ ;l~rt d'gfkmf k|of]u
ug'{kbf{ o; zLif{s dfk{mt afF8kmfF8 lx;fjdf vr{ hgfpg'kg]{ 5 .
!)= ;6xL 36a9 sf]if
ljb]zL d'b|fsf] k"gd"{NofÍgaf6 jif{e/Ldf ePsf] cfDbfgLdWo] ;6xL 36j9 ;DjlGw gLlt jdf]lhd pQm
sf]ifdf ljlgof]hg ug'{kg]{ /sd o; zLif{sdf b]vfpg'kg]{ 5 .
-&_ OSjL6Ldf ePsf] kl/jt{g ;DjlGw ljj/0f
Ohfhtkqk|fKt ;+:yfn] tf]lsPsf] 9fFrfdf cfjZos ljj/0fx? v'nfO{ g]kfn n]vf dfkb08 (NAS) sf] cfwf/df
ljQLo ljj/0fsf] cleGg cËsf] ?kdf OSjL6Ldf ePsf] kl/jt{g ;DjlGw ljj/0f tof/ ug'{kg]{ 5 .
-*_ gub k|jfx laj/0f
sDkgL P]g, @)^# sf] bkmf !)( adf]lhd x/]s sDkgLn] cfkm\gf] jflif{s lx;fa laj/0fx? tof/ ubf{ gfkmf–
gf]S;fg lx;fj tyf jf;nftsf] cnfjf gub k|jfx laj/0f klg tof/ ug'{kg]{ Joj:yf u/]sf] 5 . o;y{
sDkgLsf] ?kdf btf{ ePsf ;a} Ohfhtkqk|fKt ;+:yfx?n] cfˆgf] jflif{s lx;fj ;+u} ægub k|jfx laj/0fÆ
;d]t tf]lsPsf] 9fFrfdf tof/ ug'{kg]{ 5 .
-(_ ;+:yfks z]o/ lwtf] aGws ;DaGwdf
a}+s tyf ljQLo ;+:yfsf ;+:yfks z]o/wgLn] lnPsf] z]o/ cGo a}+s tyf ljQLo ;+:yfdf lwtf] aGws /fvL
shf{ lnPsf] eP ;DalGwt a}+s÷ljQLo ;+:yfsf] jflif{s k|ltj]bgdf pNn]v -Disclose_ ug'{kg]{ u/L cg';"rL
$=#$ adf]lhdsf] ljj/0f k]z ug'{kg]{ 5 .
-!)_ :yug s/ ;DaGwL Joj:yf
a}+s tyf ljQLo ;+:yfn] ljQLo ljj/0f k|sfzg ubf{ g]kfn n]vfdfg – ( -Nepal Accounting Standard - 9_
cg';f/ :yug s/ -Deferred Tax_ sf] ljifodf ;d]t v'nfpg' -Disclose_ ug'{kg]{ 5 . ;f] zLif{snfO{ ljQLo
ljj/0fdf b]xfo adf]lhd x'g] u/L k|sfzg ug'{kg]{] .
!= gfkmf gf]S;fg lx;fjdf cfos/ Joj:yf zLif{s cGtu{t xfn sfod /x]sf] lgoldt k|s[ltsf] s/ vr{
-Current Tax_ sf] cnfjf o; jif{sf] :yug s/ -Deferred Tax_ zLif{sdf cfDbfgL÷vr{ n]vf+sg ug{'kg]{
Joj:yf ldnfO{Psf] 5 .
@= ut jif{;Ddsf] :yug s/ cfDbfgL÷vr{ ;f]em} OlSj6Ldf n]vf+sg ug'{kg]{ ePsf]n] æOlSj6Ldf ePsf]
kl/jt{g ;DaGwL ljj/0fÆ df z'? df}Hbft zLif{skl5 ;dfof]hg k|of]hgsf nflu æ:yug s/Æ pk–zLif{s
yk u/L ;dfof]lht z'? df}Hbft b]vfpg'kg]{ Joj:yf ldnfO{Psf] 5 .
#= jf;nftdf :yug s/ ;DklQ Pj+ bfloTjsf] 5'§} zLif{s sfod ug'{kg]{ ePsf]n] o;nfO{ jf;nftsf] cGo
bfloTj÷;DklQ ;DaGwL cg';"rLdf æcGoÆ eGbf dfly :yug s/ bfloTj÷;DklQ pk–zLif{s sfod
ug'{kg]{ Joj:yf ldnfO{Psf] 5 .
$ jflif{s k|ltj]bgsf] n]vf ;DaGwL l6Kk0fLdf :yug s/ u0fgfsf] nflu ckgfO{Psf] s/sf] b/ / ;f]
ckgfpg'sf] cfwf/, s/of]Uo Pj+ s/ u0fgf ubf{ 36fpg ldNg] c:yfoL km/sx?, u0fgf ul/Psf] :yug
s/ / ;f] jfkt ;[hgf x'g uPsf] ;DklQ tyf bfloTjsf] lj:t[t ljj/0f v'nfpg' kg]{ 5 .
%= :yug s/ ;DaGwL pk/f]St n]vf+sg lqmofsnfksf sf/0f s'g} klg tj/af6 ;[hgf x'g]÷x'g ;Sg]
d'gfkmfsf cfwf/df z]o/wgLx?nfO{ nfef+z÷jf]g; ljt/0f ug{ kfO{g] 5}g .
-!!_ 5'6 k|bfg ug{ ;lsg] .
o; a}+saf6 Ohfhtkqk|fKt æ3Æ ju{sf ljQLo ;+:yfx?nfO{ sf/f]jf/sf] k|s[lt / cj:yf x]/L tof/ ug'{kg]{
ljj/0f tyf ;dfj]z ug'{kg]{ ljQLo ljj/0fsf] ;DaGwdf cfjZostf cg';f/ 5'6 k|bfg ug{ ;lsg] 5 .
-!@_ vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] n]vf gLlt tyf ljQLo laj/0fx?sf] 9fFrf
;DaGwL O=k|f lgb]{zg g+=$÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9
d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd eP
u/]sf] dflgg]5 .

61
=================lnld6]8
@)^=======;fn cfiff9 d;fGtsf]
jf;nft
k'FhL tyf bfloTj cg;'rL o; jif{ ut jif{
? ?
!= z]o/ kF'hL $=!
@= hu]8f tyf sf]ifx? $=@
#= C0fkq tyf aG8 $=#
$= ltg{ afFsL shf{ ;fk6 $=$
%= lgIf]k bfloTj $=%
^= e'QmfgL lbg'kg]{ ljnx? $=^
&= k|:tfljt tyf e'QmfgL lbg' jfFsL nfefFz
*=cfos/ bfloTj
( cGo bfloTj $=&
s'n bfloTj
;DklQ cg;'rL o; jif{ ut jif{
? ?
!= gub df}Hbft $=*
@= g]kfn /fi6« a}+sdf /x]sf] df}Hbft $=(
#= a}+s÷ljQLo ;+:yfdf /x]sf] df}Hbft $=!)
$= dfu tyf cNk ;"rgfdf k|fKt x'g] /sd $=!!
%= nufgL $=!@
^= shf{ ;fk6 tyf ljn vl/b $=!#
&= l:y/ ;DklQ $=!$
*= u}/ a}lsË ;DklQ $=!%
(= cGo ;DklQ $=!^
s'n ;DklQ
;+efljt bfloTj cg';r" L 4=17
;~rfnsx¿sf] #f]if)ff cg';"rL 4=29
k'+hLsf]if tflnsf cg';"rL 4=30
hf]lvd efl/t ;DklQ ljj/)f tflnsf cg";r ' L 4=30-s_
k|d"v ;"rsf°x¿ cg';"rL 4=31
k|d"v n]vf gLltx¿ cg';"rL 4=32
n]vf ;DaGwL l^Kk)fLx? cg';"rL 4=33
4=1 b]lv 4=17 ;Ddsf cg';"rLx¿ jf;nftsf cleGg c+u x'g\ .

62
=====================lnld6]8
ldlt ==============b]lv================;Dd
gfkmf gf]S;fg lx;fj
ljj/0f cg';"rL o; jif{ ut jif{
? ?
!= Jofh cfDbfgL $=!*
@= Jofh vr{ $=!(
v'b Aofh cfDbfgL
#= sldzg tyf l8:sfp06 $=@)
$=cGo ;~rfng cfDbfgL $=@!
% ;6xL 36j9 cfDbfgL $=@@
s"n ;~rfng cfDbfgL
^=sd{rf/L vr{ $=@#
&= cGo ;~rfng vr{ $=@$
*= ;6xL 36j9 gf]S;fg $=@@
;Defljt gf]S;fgL Joj:yf cl3sf] ;~rfng d'gfkmf
(=;Defljt gf]S;fgL Joj:yfx? $=@%
;~rfng d'gfkmf
!)=u}/ ;~rfng cfDbfgL÷vr{ $=@^
!! ;Defljt gf]S;fgL Aoa:yf af6 lkmtf{ $=@&
lgoldt sf/f]jf/jf6 ePsf] d'gfkmf
!@= c;fdfGo sf/f]jf/x?af6 ePsf] cfDbfgL÷vr{ $=@*
;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b d'gfkmf
!#= sd{rf/L af]g; Aoa:yf
!$ cfos/ Joj:yf
• o; jif{sf] s/ Joj:yf
• ljut jif{;Ddsf] s/ Joj:yf
• o; jif{sf] :yug s/ cfDbfgL÷vr{
v'b gfkmf÷gf]S;fg

4=18 b]lv 4=28 ;Ddsf cg';"rLx¿ gfkmf gf]S;fg lx;fjsf cleGg c+u x'g\ .

63
=================== lnld^]*
gfkmf gf]S;fg af+*kmf+* lx;fa
ldlt ============ b]lv =================;Dd
ljj/0f cg';"rL o; jif{ ¿ ut jif{ ¿=
cfDbfgL
1= ut jif{;Ddsf] ;+lrt d"gfkmf
2= o; jif{sf] d"gfkmf
3= ;^xL #^a( sf]if
hDdf
vr{
1= ut jif{;Ddsf] ;+lrt gf]S;fg
2= o; jif{sf] gf]S;fg
3= ;fwf/)f hu]*fsf]if
4= e}k/L cfpg] hu]*f
5= ;+:yf ljsf; sf]if
6= nfef+z ;dLs/)f sf]if
7= sd{rf/L ;DaGwL hu]*fx¿
8= k|:tfljt nfef+z
9= k|:tfljt af]g; z]o/ hf/L
10= ljz]if hu]*f sf]if
11= ;^xL #^a( sf]if
12= k'+hL lkmtf{ hu]*f sf]if
13= k'+hL ;dfof]hg sf]if
14= ==============================
hDdf

15= ;l~rt d'gfkmf÷-gf]S;fg_

=================== lnld^]*
OSjL6Ldf ePsf] kl/jt{g ;DjlGw ljj/0f
cf=j= 20====÷======-?=_
ljj/0f Z]fo/ ;l~rt ;fwf/0f k"Flhut z]o/ ;6xL :yug s/ cGo hu]8f s'n
k'FhL Gff=gf]= hu]8f sf]if hu]8f sf]if lk|ldod 36a9 hu]8f tyf sf]if /sd
sf]if
Z'f? df}Hbft
:yug s/
;dfof]lht z'?
df}Hbft
;dfof]hg
========================
=========================
========================
=======================
clGtd df}Hbft

64
==========================lnld6]8
gub k|jfx ljj/0f
ldlt ============ b]lv ========== ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
-s_ sf/f]af/ ;+rfngaf^ gub k|jfx
1= gub k|flKt
1=1 Jofh cfDbfgL
1=2 sdLzg tyf l*isfpG^ cfDbfgL
1=3 ljb]zL ljlgdo sf/f]jf/af^ cfDbfgL
1=4 ckn]lvt shf{sf] c;'nL
1=5 cGo cfDbfgL
2= gub e"QmfgL
2=1 Jofh vr{
2=2 sd{rf/L vr{
2=3 sfof{no ;+rfng vr{
2=4 cfos/ e'QmfgL
2=5 cGo vr{
sfo{ut k'+hL ultljlw cl#sf] gub k|jfx

;~rfng ;DjGwL rfn" ;DklQdf sdL÷-j[l$_


1= dfu tyf cNk ;'rgfdf k|fKt x"g] /sddf sdL÷-j[l$_
2= cGo cNksfnLg nufgLdf sdL÷-j[l$_
3= shf{ tyf ljN; v/Lbdf sdL÷-j[l$_
4= cGo ;DklQdf sdL÷-j[l$_
;~rfng ;DjlGw rfn" bfloTjdf -sdL_÷j[l$
1= lgIf]k bfloTjdf -sdL_÷j[l$
2= ;l^{lkms]^ ckm l*kf]lh^df -sdL_÷j[l$
3= cNksfnLg ;fk^Ldf -sdL_ ÷j[l$
4= cGo bfloTjdf -sdL_÷ j[l$
-v_ nufgL sf/f]jf/df gub k|jfx
1= bL#{sfnLg nufgLdf sdL÷-j[l$_
2= :yL/ ;DklQdf sdL÷-j[l$_
3= bL#{sfnLg nufgLdf Jofh cfDbfgL
4= nfef+z cfDbfgL
5= cGo
-u_ ljQLo >f]t sf/f]jf/af^ gub k|jfx
1= bL#{sfnLg C)F -j)*, l*j]Gr/ cflb_ df j[l$÷-sdL_
2= z]o/ k'+hLdf j[l$÷-sdL_
3= cGo bfloTjdf j[l$÷-sdL_
4= g]kfn /fi^« a}+saf^ k|FKt ;x'lnot÷k'g/shf{df j[l$÷-sdL_
-#_ gub tyf a}s df}Hbftsf] ljlgdo b/df ePsf] km/saf^
cfDbfgL ÷vr{
-ª_ o; jif{sf] ;Dk")f{ ultljlwaf^ gub k|jfx

-r_ gub tyf a}+sdf /x]sf] z'? df}Hbft

-%_ gub tyf a}+sdf /x]sf] clGtd df}Hbft

65
cg';r
" L 4=1
=================== lnld^]*
z]o/ k'+hL tyf :jfldTj
- === === cfiff( d;fGt_
o; jif{ ut jif{
ljj/)f
¿= ¿=
1= z]o/ k'+hL
1=1 clws[t k'+hL
s_ ======= ;fwf/)f z]o/ k|lt z]o/ ¿= ======= n]
v_ ====== gg\l/l*d]jn lk|km/]G; z]o/ k|lt z]o/ ¿= ======= n]
u_ ======= l/l*d]jn lk|km/]G; z]o/ k|lt z]o/ ¿= ====n]
1=2 hf/L k'+hL
s_ ======= ;fwf/)f z]o/ k|lt z]o/ ¿================= n]
v_ ======= gg\l/l*d]jn lk|km/]G; z]o/ k|lt z]o/ ¿= ======= n]
u_ ======= l/l*d]jn lk|km/]G; z]o/ k|lt z]o/ ¿=============n]
1=3 r'Qmf k'+hL
s_ ========= ;fwf/)f z]o/ k|lt z]o/ ¿======================== n]
v_ ========= gg\l/l*d]jn lk|km/]G; z]o/ k|lt z]o/ ¿========= n]
u_ ===========l/l*d]jn lk|km/]G; z]o/ k|lt z]o/ ¿= ============n]

z]o/ :jfldTj ljj/)f o; jif{ ¿= ut jif{ ¿=


% z]o/ k'+hL z]o/ k'+hL %
1= :jb]zL :jfldTj
1=1 g]kfn ;/sf/
1=2 æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx¿
1=3 cGo Ohfhtkqk|fKt ;+:yfx¿
1=4 cGo ;+:yfx¿
1=5 ;j{;fwf/)f
1=6 cGo
2= a}b]lzs :jfldTj
hDdf
gf]^M dfly cg';"rLdf plNnlvt ljj/)f cGtu{t 0=5 k|ltzt jf ;f]eGbf a(L :jfldTj ePsf]
JolQm÷;d"x÷kmd{÷sDkgL eP, lghx¿sf] gfd, k|ltzt / /sd :ki^ v'nfpg' kg]{% . k|ltzt pNn]v ubf{
z]o/ ;+Vofsf] cfwf/df u)fgf ug'{kg]{ % .

cg';"rL 4=2
=================== lnld^]*
hu]*f tyf sf]ifx¿
- === === cfiff( d;fGt _
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= ;fwf/)f÷a}wflgs hu]*f sf]if
2= k|:tfljt af]g; z]o/
3= k'+hLut hu]*f sf]if
3= Soflk^n l/l*Dk;g\ l/he{
5= k'+hL ;dfof]hg sf]if
4= cGo hu]*f tyf sf]if
s= e}k/L cfpg] hu]*f
v= ;+:yf ljsf; sf]if
u= nfef+z ;lds/)f sf]if
#= ljz]if hu]*f sf]if
ª= ;DklQ k'gd"{Nof°g sf]if
r= cGo :jtGq sf]if
%= cGo hu]*f sf]if
5= ;l~rt gfkmf÷gf]S;fg
6= ;^xL #^a( sf]if
hDdf

66
cg';"rL 4=3
=================== lnld^]*
C)fkq tyf j)*
- === === cfiff( d;fGt _
ljj/)f o; jif{ ¿= ut jif{ ¿=
1 ====== k|ltzt j)*÷C)fkq k|lt j)*÷C)fkq ===== ¿= n] ===
ldlt ============== df hf/L ePsf] / ldlt ========df r'Stf x'g]
-xfn;Ddsf] Redemption Reserve /sd ¿= =========================_
2 ====== k|ltzt j)*÷C)fkq k|lt j)*÷C)fkq ===== ¿= n] ===
ldlt ============== df hf/L ePsf] / ldlt ========df r'Stf x'g]
-xfn;Ddsf] Redemption Reserve /sd ¿= =======================_+
3 ======= =========

hDdf 1+2+3

gf]^M ;'/If)f /fvL C)fkq tyf j)* hf/L u/LPsf] ePdf ;'/If)f sf] laj/)f v'nfpg' kg]{% .

cg';"rL 4=4
=================== lnld^]*
ltg{ af+sL shf{ -;fk^L_
- === === cfiff( d;fGt _
ljj/)f o; jif{ ¿= ut jif{ ¿=
s= :jb]zL
1= g]kfn ;/sf/
2= g]kfn /fi^« a}+s
3= l/kf] bfloTj
4= cGt/ a}+s tyf ljQLo ;+:yf
5= cGo ;+ul&t ;+:yfx¿
6= cGo
hDdf
v= ljb]zL
1= a}+sx¿
2= cGo
hDdf
hDdf -s®v_

67
cg';r
" L 4=5
=================== lnld^]*
lgIf]k lx;fa
- === === cfiff( d;fGt _
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= Aofh ltg'{ gkg]{ vftfx¿
s= rNtL lx;fa
1= :jb]zL d'b|fdf
1=1 g]kfn ;/sf/
1=2 æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
1=3 cGo Ohfhtkqk|fKt ljQLo ;+:yfx¿
1=4 cGo ;+ul&t ;+:yfx¿
1=5 JolQmut
1=6 cGo
2= ljb]zL d"b|fdf
2=1 g]kfn ;/sf/
2=2 æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
2=3 cGo Ohfhtkqk|fKt ljQLo ;+:yfx¿
2=4 cGo ;+ul&t ;+:yfx¿
2=5 JolQmut
2=6 cGo
v= dflh{g
1= sd{rf/L hdfgt
2= hdfgt dflh{g
3= k|lttkq dflh{g
u= cGo
1= :jb]zL d"b|fdf
1=1 ljQLo ;+:yfx¿
1=2 cGo ;+ul&t ;+:yfx¿
1=3 JolQmut
2= ljb]zL d"b|fdf
2=1 ljQLo ;+:yfx¿
2=2 cGo ;+ul&t ;+:yfx¿
2=3 JolQmut
Aofh ltg'{ gkg]{ vftfx¿sf] hDdf
2= Aofh ltg'{kg]{ vftfx¿
s= art lx;fa
1= :jb]zL d'b|fdf
1=1 ;+# ;+:yfx¿
1=2 JolQmut
1=3 cGo
2= ljb]zL d'b|fdf
2=1 ;+# ;+:yfx¿
2=2 JolQmut
2=3 cGo
v= d'@tL lx;fa
1= :jb]zL d'b|fdf
1=1 ;+# ;+:yfx¿
1=2 JolQmut
1=3 cGo
2= ljb]zL d"b|fdf
2=1 ;+# ;+:yfx¿
2=2 JolQmut
2=3 cGo

68
u= dfu]sf] avt ltg'k
{ g]{ lx;fa
1= :jb]zL d"bf| df
1=1 s ju{sf Ohfhtkqk|fKt ;+:yfx?
1=2 cGo O=k|f=ljQLo ;+:yfx¿
1=3 cGo ;+ul&t ;+:yfx¿
1=4 JolQmut
1=5 cGo
2= ljb]zL d'b|fdf
2=1 s ju{sf Ohfhtkqk|fKt ;+:yfx?
2=2 cGo O=k|f= ljQLo ;+:yfx¿
2=3 cGo ;+ul&t ;+:yfx¿
2=4 JolQmut
2=5 cGo
#= ;l^{lkms]^ ckm l*kf]lh^
1= ;+ul&t ;+:yf
2= JolQmut
3= cGo
Jofh ltg'{kg]{ vftfx¿sf] hDdf
-1®2_ hDdf lgIf]k

cg';"rL 4=6
=================== lnld^]*
e'QmfgL lbg'kg]{ ljnx¿
- === === cfiff( d;fGt _

ljj/)f o; jif{ ¿= ut jif{ ¿=


1= :jb]zL d'bf|
2= ljb]zL d'bf|
hDdf

cg';r
" L 4=7
=================== lnld^]*
cGo bfloTj
- === === cfiff( d;fGt _

ljj/)f o; jif{ ¿= ut jif{ ¿=


1= k]G;g÷pkbfg sf]if
2= sd{rf/L ;~ro sf]if
3= sd{rf/L sNof)f sf]if
4= sd{rf/L jf]g; Joj:yf
5= lgIf]kdf e'QmfgL lbg af+sL Aofh
6= ;fk^Ldf e'QmfgL lbg af+sL Aofh
7= kfsL g;s]sf] l*:sfp)^ / sldzg
8= ;)*«L q]ml*^;{
9= zfvf ldnfg lx;fj
10= :yug s/ bfloTj
10= cGo

hDdf

69
cg';r
" L 4=8
=================== lnld^]*
gub df}Hbft
- === === cfiff( d;fGt _

ljj/)f o; jif{ ¿= ut jif{ ¿=


1= :jb]zL d'b|f -l;Ssf ;d]t_
2= ljb]zL d'bf|

hDdf

cg';r
" L 4=9
=================== lnld^]*
g]kfn /fi^« a}+sdf /x]sf] df}Hbft
- === === cfiff( d;fGt _
ut jif{ ljj/)f :jb]zL ljb]zL d'b|f ¿=df s'n ¿=
¿= d'b|f ef=¿= kl/jTo{ lj=d'= hDdf
1= g]kfn /fi^« a}s
+
s= rNtL vftf
v= cGo vftf

cg';r
" L 4=10
=================== lnld^]*
a}+s÷ljQLo ;+:yfdf /x]sf] df}Hbft
- === === cfiff( d;fGt _
ut jif{ ljj/)f :jb]zL ljb]zL d'b|f ¿=df s'n ¿=
¿= d'b|f ef=¿= kl/jTo{ lj=d'= hDdf
1= :jb]zL Ohfhtkqk|fKt
;+:yfx?
s= rNtL vftf
v= cGo vftf
2= ljb]zL a}+sx¿

s= rNtL vftf
v= cGo vftf
hDdf
gf]^M ;DalGwt Ohfhtkqk|fKt ;+:yfx? ;dy{g kq cg';f/sf] s'n df}Hbft ¿= =================

cg';"rL 4=11
=================== lnld^]*
dfu tyf cNk;"rgfdf k|fKt x'g] /sdx¿
- === === cfiff( d;fGt _
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= :jb]zL d'b|fdf
2= ljb]zL d'bf| df
hDdf

70
cg';r
" L 4=12
=================== lnld^]*
nufgL
- === === cfiff( d;fGt _
k|of]hg o; jif{ ¿= ut jif{ ¿=
ljj/)f
Jofkfl/s cGo
! g]kfn ;/sf/sf] 6«]h/L ljn
@ g]kfn ;/sf/sf] art kq
# g]kfn ;/sf/sf] cGo C0fkq
$ g]kfn /fi6« a}s C0f kq
% lab]zL C0f kq
^ :ab]zL Ohfhtkqk|fKt ;+:yf
& lab]zL a}s
* ;+ul7t ;+:yfx?sf] z]o/
( ;+ul7t ;+:yfx?sf] l8j]Gr/ tyf aG8
!) cGo nufgL
s'n nufgL
Joj:yf
v'b nufgL

cg';"rL 4=12-s_
z]o/, l*j]Gr/ tyf j)*df nufgL
ahf/ Joj:yf
k/n o; ut
d'No /sd
ljj/)f df]n jif{ jif{
cg";f/ ?=
¿= ?= ?=
?=
1= z]o/ nufgL
1=1 ====== sDkgL -k|f=ln=÷ln=_
====== ;fwf/)f z]o/, k|lt z]o/ ====== n] r"Qmf
1=2 ====== sDkgL -k|f=ln=÷ln=_
====== ;fwf/)f z]o/ -dWo]===jf]g; ;d]t_ k|lt z]o/====n] r"Qmf
1=3 ====== sDkgL -k|f=ln=÷ln=_
====== k|ltzt ==== lk|km/]G; z]o/ k|lt z]o/ ¿= ===== n] r"Qmf
2= l*j]Gr/ tyf j)* nufgL
2=1 ====== sDkgL -k|f=ln=÷ln=_
====== k|ltzt l*j]Gr/÷j)* k|lt l*j]Gr/÷a)* ===== ¿= n] ===
2=2 =================
2=3 ==================
s'n nufgL
3= hf]lvd ;DaGwL Joj:yf
3=1 ut jif{ ;Ddsf] Joj:yf
3=2 o; jif{sf] yk÷#^
s'n Joj:yf
v'b nufgL

gf]^M 3 jif{ eGbfa(L ;dob]lv nfef+z #f]if)ff tyf ljt/)f gu/]sf sDkgLx¿ ePdf To:tf sDkgLx¿sf] gfd v'nfpg' kg]{% .

71
cg';"rL 4=13
=================== lnld^]*
shf{ ;fk^ tyf lan vl/b juL{s/)f / ;f]sf] nflu Joj:yf
- === === cfiff( d;fGt _
shf{ v/Lb tyf l*isfpG^ o; jif{ utjif{
ljj/)f ul/Psf lan ¿= ¿=
:jb]zL
k|f=If]= cGo ljb]zL hDdf :jb]zL ljb]zL hDdf
ljldt cljldt
1= ;lqmo shf{ ;fk^
(Performing)
1=1 c;n
!=@ k'g/;+/rgf ul/Psf]
2= lgl:qmo shf{ ;fk^ (Non
Performing)
2=2 sd;n
2=3 z+sf:kb
2=4 v/fa
-s_ s"n shf{
3= shf{ gf]S;fgL Joj:yf
3=1 c;n
3=2 k'g/;+/rgf ul/Psf]
3=3 sd;n
3=4 z+sf:kb
3=5 v/fj
-v_ s"n Joj:yf
4= ut jif{;Ddsf] Joj:yf
4=1 c;n
4=2 k'g/;+/rgf ul/Psf
4=3 sd;n
4=4 z+sf:kb
4=5 v/fj
-u_ ut jif{;Ddsf] s"n Joj:yf
-#_ ut aif{sf] Joj:yfaf^ lkmtf{
-*=_ o; aif{sf] yk Joj:yf
o; jif{sf] v'b yk#^
v'b shf{ -s–v_

72
cg';"rL 4=13-s_
=================== lnld^]*
shf{, ;fk^ / ljN; v/Lbsf] ;'/If)f
- === === cfiff( d;fGt_
ljj/)f o; jif{ ¿= ut jif{ ¿=
-s_ ;'/lIft
1= rn÷crn ;DklQsf] ;'/If)fdf
2= :jb]zL Ohfhtkqk|fKt ;+:yfsf] hdfgtdf
3= ;/sf/L hdfgtdf
4= cGt/f{li^«o >])fLs[t a}+ssf] hdfgtdf
5= lgof{t sfuhft (Export Document) sf] ;'/If)fdf
6= d'@tL /;Lbsf] ;'/If)fdf
-s_ ;+:Yffsf] cfkm\g} d'@tL /;Lbsf] ;'/If)f
-v_ cGo Ohfhtkqk|fKt ;+:yfsf] d'@tL /;Lbsf] ;'/If)f
7= ;/sf/L C)fkqsf] ;'/If)fdf
8= sfp)^/ hdfgtdf
9= JolQmut hdfgtdf
10= cGo ;'/If)fdf
-v_ c;'/lIft
hDdf

cg;"rL 4=14
=================== lnld^]*
l:y/ ;DklQ
- === === cfiff( d;fGt _
;DkQL
o; jif{ ut jif{
ljj/)f kl/jxg sfof{no
ejg d]lzg/L cGo ¿= ¿=
;fwg ;fdfg
1= k/ndf]n
-s_ ut jif{sf] df}Hbft
-v_ o; jif{ yk
-u_ o; jif{ k"gd'{Nof°g÷k'gn]{vg
-#_ o; jif{sf] ljqmL
-ª_ o; jif{sf] ckn]vg
s'n -s®v®u®#®ª_ k/ndf]n
2= x|f; s§L
-s_ ut jif{;Ddsf]
-v_ o; jif{sf]
-u_ x|f;s§L k'gd"{Nof°g÷k'gn]{vg
-u_ x|f;s§L /sd ;dfof]hg÷lkmtf{
s'n x|f;s§L
3= a"s Eofn" (WDV*) -1−2_
4= hUuf
5= k'FhLut lgdf{0f -k'FhLs/0f ul/g' kg]{_
6= nLh xf]N* ;DklQ
hDdf -3®4®5®6_
*Written Down Value

73
cg;"rL 4=15
=================== lnld^]*
u}/ a}+lsË ;DklQ
- === === cfiff( d;fGt _
C[0fL jf kf6L{sf] u}/ a}+lsË ;DklQ s'n u}/ a}+lsË gf]S;fgL Joj:yf v'b u}/ j}+lsu ut jif{ ¿=
gfd 7]ufgf ;sf/ u/]sf] ldlt ;DklQ /sd ?= ;DklQ ¿=
k|ltzt /sd ?=

s"n hDdf

cg;"rL 4=16
=======================lnld^]*
cGo ;DklQ
- === === cfiff( d;fGt _
laa/)F o; jif{ ¿= ut jif{ ¿=
1= d;nGb df}Hbft
2= nufgLdf c;"n ug{ af+sL cfDbfgL
3= shf{df c;"n ug{ af+sL Aofh
Go"g Jofh d'NtjL /sd
4= c;"n ug{ af+sL sldzg
5= ;G*«L *]^;{
6= sd{rf/L ;fk^L / k]ZsL
7= clu|d e"QmfgL
8= dfu{:y gub
9= dfu{:y cGo -r]s ;d]t_
10= ljgf ;'rgf *«fk\m^sf] e"QmfgL
11= ckn]vg x"g af+sL vr{
12= zfvf ldnfg lx;fj
13= :yug s/ ;DklQ
14= cGo
hDdf

cg';"rL 4=16-s_
=======================lnld^]*
cGo ;DklQ -yk ljj/)f_
- === === cfiff( d;fGt _
ljj/)f o; jif{ ¿= ut jif{
1 1 jif{b]lv dfly 3 jif{eGbf hDdf ¿=
jif{;Dd 3 jif{;Dd dfly
1= shf{df c;"n ug{ af+sL Jofh
2= ljgf ;'rgf *«fkm\^sf] e"QmfgL
3= zfvf ldnfg lx;fj
4= :jb]zL ljbzL Ph]G;L lx;fa

74
cg';"rL 4=17
=======================lnld^]*
;Defljt bfloTjx¿
- === === cfiff( d;fGt _
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= ;+:yf pk/ bfjL k/]sf] t/ ;+:yfn] bfloTj :jLsf/ gu/]sf]
2= k|lttkqx¿ -k'/f /sd_
-s_ 6 dlxgf eGbf sd cjlwsf]
-v_ 6 dlxgf eGbf a(L cjlwsf]
3= k"gM l*:sfpG^ ul/Psf ljnx¿
4= Dofb gfl# g;s]sf] Uof/]G^L÷a)*
-s_ la* a)*
-v_ k/km/d]G; a)*
-u_ cGo Uof/])^L÷a)*
5= r"Qmf jf e'Qmfg x'g af+sL z]o/ nufgL
6= km/jf*{ PS:r]~h sG^«fS^sf] af+sL bfloTjx¿
7= sn]S;gdf /x]sf lanx¿
8= d~h"/L tyf ;dy{g (Acceptence & Endorsement)
9= k|Tofe'lt k|ltj$tf (Underwriting Commitment)
10= ckl/jTo{ shf{ k|ltj$tf (Irrevocable Loan Commitment)
11= cGt/f{li^«o >])fLs[t a}+ssf] sfp)^/ Uof/])^Ldf lbPsf] Uof/])^L
12= clu|d e"QmfgL Uof/])^L (Advance Payment Guarantee)
13= shf{ k|jfxsf] nflu ljQLo hdfgt (Financial Guarantee)
14= cfos/ jfkt ;Defljt bfloTj (Contingent Liabilities on Income Tax)
15= =======================

cg';"rL 4=18
=======================lnld^]*
Jofh cfDbfgL
ldlt ==============b]lv =================;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
s= shf{ ;fk^ / clwljsif{df
1= shf{ ;fk^
2= clwljsif{
v= nufgLdf
1= g]kfn ;/sf/sf] ;'/If)fkq
-s_ ^]h « /L laN;
-v_ ljsf; C)fkq
-u_ /fli^«o art kq
2= ljb]zL C)fkq
-s_
-v_
3= g]kfn /fi^« a}+ssf] C)fkq
4= l*j]Gr/ tyf a)*
5= cGt/ a}+s nufgLdf Jofh
-s_ a}+s÷ljQLo ;+:yfx¿
-v_ cGo ;+:yfx¿
u= Ph]G;L df}Hbftdf
1= :jb]zL a}+s÷ljQLo ;+:yfx¿
2= ljb]zL a}s + x¿
#= dfu tyf cNk ;"rgfdf k|fKt x'g] df}Hbftdf
1= :jb]zL a}+s÷ljQLo ;+:yfx¿
2= ljb]zL a}s + x¿
ª= cGodf
1= ;l^{lkms]^ ckm l*kf]lh^
2= cGt/ a}+s÷ljQLo ;+:yf shf{
3= cGo
hDdf

75
cg';"rL 4=19
=======================lnld^]*
Aofh vr{
ldlt==============b]lv=========== ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
s= lgIf]k bfloTjdf
1= d'@tL lgIf]k
1=1 :jb]zL d"bf|
1=2 ljb]zL d'bf|
2= art lgIf]k
2=1 :jb]zL d"bf|
1=2 ljb]zL d'bf|
3= dfu]sf] avt ltg'{kg]{ lgIf]k
3=1 :jb]zL d'bf|
3=2 ljb]zL d'bf|
4= ;l^{lkms]^ ckm l*kf]lh^;\
v= shf{ ;fk^df
1= C)fkq tyf a)*
2= g]kfn /fi^« a}+saf^ k|fKt shf{
3= cGt/ a}+s÷ljQLo ;+:yf shf{
4= cGo ;+ul&t ;+:yf
5= cGo shf{
u= cGodf
1= =============
2= ==============
hDdf

cg';"rL 4=20
==================lnld^]*
sldzg tyf l*:sfpG^
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
s= laN; v/Lb tyf l*:sfpG^
1= :jb]zL
2= ljb]zL
v= sldzg
1= k|lttkq
2= hdfgtkq
3= sn]S;g kmL
4= /]ld^]G; kmL
5= q]ml*^ sf*{
6= z]o/ k|Tofe'lt÷lgisfzg
7= ;/sf/L sf/f]af/ jfkt
8= O=k|f= sdLzg jfkt
9= a§f cfDbfgL
u= cGo

hDdf

76
cg';"rL 4=21
========================lnld^]*
cGo ;~rfng cfDbfgL
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= ;]km l*kf]lh^ eN^sf] ef*f
2= q]ml*^sf*{ lgisfzg tyf gjLs/)f
3= ATM sf*{ lgisfzg tyf gjLs/)f
4= ^]n]S;÷l^=l^=
5= ;]jf z"Ns
6= gjLs/)f z"Ns
7= cGo
hDdf

cg';r
" L 4=22
==========================lnld^]*
;^xL #^a( cfDbfgL÷gf]S;fg
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
-s_ ljlgdo b/df ePsf] km/saf^
-v_ ljb]zL d'bf| sf/f]af/af^ -a§f afx]s_
hDdf cfDbfgL÷-gf]S;fg_

cg';"rL 4=23
=======================lnld^]*
sd{rf/L vr{
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= tnj
2= eQf
3= ;~rosf]ifdf yk
4= tflnd vr{
5= kf]zfs
6= cf}ifwf]krf/
7= aLdf
8= k]G;g tyf pkbfg Joj:yf
9= cGo
hDdf

77
cg';r
" L 4=24
=======================lnld^]*
cGo ;~rfng vr{
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= #/ef*f
2= aQL ljh"nL / kfgL
3= dd{t tyf ;Def/
-s_ ejg =============
-v_ ;jf/L ;fwg =============
-u_ cGo ==============
4= aLdf
5= kf]i^]h, ^]n]S;, ^]lnkmf]g, k\mofS;
6= sfof{no pks/)f kmlg{r/ / ;Def/
7= e|d)f eQf / vr{
8= d;nGb / %kfO{
9= kqklqsf tyf k':ts
10= lj!fkg
11= sfg'gL vr{
12= rGbf
13= ;~rfns ;ldlt ;DaGwL vr{
-s_ a}&s eQf =============
-v_ cGo vr{ ==============
14= ;fwf/)f ;ef ;DaGwL vr{
15= n]vf k/LIf)f ;DaGwL
-s_ n]vf k/LIf)f z'Ns ===============
-v_ cGo vr{ ===============
16= /sd :yfgfGt/)f sldzg
17= :yL/ ;DklQdf x|f; s§L
18= k'j{ ;~rfng vr{ ckn]vg
19= z]o/ lgisfzg vr{
20= k|fljlws ;]jf zf]wegf{
21= dgf]/~hg vr{
22= ckn]vg vr{
23= ;'/Iff vr{
24= shf{ ;"/If)f lk|ldod
25= sldzg / l*:sfp)^
26= cGo =====================
hDdf

gf]^M vr{x¿ hgfp+bf h'g k|of]hgsf] nflu vr{ ePsf] xf] ;f]xL zLif{sdf vr{ hgfpg' k%{ . cGo ;fdfGo
zLif{sdf ufEg kfOg] %}g . h:tf] ;+rfns ;ldltsf] a}&ssf] l;nl;nfdf ePsf] oftfoft vr{, æ;+rfns ;ldlt
;DaGwL vr{Æ cGtu{t æcGo vr{Æ df hgfpg'kg]{ % .

78
cg';"rL 4=25
======================lnld^]*
;Defljt gf]S;fgL Aoa:yf
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= shf{ gf]S;fgL Aoa:yfdf ePsf] a[l$
2= nufgL gf]S;fgL Aoa:yfdf ePsf] a[l$
3= u}/ a}l+ su ;DklQ gf]S;fgL Aoa:yf
4= cGo ;DklQdf ul/Psf] Joj:yf
hDdf

cg';"rL 4=26
======================lnld^]*
u}/ ;+rfng cfDbfgL÷gf]S;fg
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= nufgL laqmLaf^ cfDbfgL÷-gf]S;fg_
2= ;DklQ laqmLaf^ cfDbfgL÷-gf]S;fg_
3= nfef+z
4= g]kfn /fi^« a}+saf^ k|fKt ;x'lnot
s= tf]lsPsf] zfvfx¿sf] gf]S;fg jfkt Ifltk'lt{
v= Aofh Ifltk'lt{
u= ;^xL sfpG^/
5= cGo
v"b u}/ ;+rfng cfDbfgL÷-gf]S;fg_

cg';"rL 4=27
======================lnld^]*
;Defljt gf]S;fgL Aoa:yf af^ lkmtf{
-cfly{s jif{ ========÷=====_
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= shf{ gf]S;fgL Aoa:yfdf af^ lkmtf{
2= u}/ a}+lsu ;DklQ gf]S;fgL Aoa:yfaf^ lkmtf{
3= nufgL Joj:yfjf^ lkmtf{
4= cGo ;DklQsf] Joj:yfjf^ lkmtf{

hDdf

cg';r
" L 4=28
======================lnld^]*
c;fdfGo sf/f]jf/x?af6 ePsf] cfDbfgL/vr{
ldlt =============b]lv ============= ;Dd
ljj/)f o; jif{ ¿= ut jif{ ¿=
1= ckn]vg ePsf] shf{sf] c;'nL
2= :j]lR%s cjsfz vr{
3= c;'nL x'g g;Sg] shf{sf] ckn]vg -4=28 s_
4= cGo vr{÷cfDbfgL
5= =================
hDdf

79
cg';"rL 4=28-s_
======================lnld^]*
ckn]lvt shf{sf] ljj/0f
-cfly{s jif{ ========÷=========_
ckn]vg lwtf]sf] lwtf] shf{ :jLs[t shf{ c;'nLsf s}lkmot
ul/Psf] k|sf/ d"Nof+sgsf] ug{] nflu eP
qm=;+= shf{ k|sf/ /sd tyf /sd cfwf/ clwsf/L÷tx u/]sf k|of;
1= rfn" k+'hL shf{
2 kl/of]hgf shf{
3= l:y/ k'+hL shf{
4= JolQmut shf{
5= cGo shf{
s"n shf{
gf]^M cfly{s jif{e/Ldf ckn]vg ul/Psf] shf{sf] ljj/)f dfly pNn]v ug'{kg]{ % .

cg';"rL 4=29
========================lnld^]*
;+rfns, sfo{sf/L k|d'v, ;+:yfks, sd{rf/L] z]o/xf]N8/x?nfO{ uPsf] shf{ ;fk6 ljj/0f
- ====================== cfiff( d;fGt_
vl/b tyf l*:sfpG^ ul/Psf lanx¿ / shf{, ;fk^ tyf clwljsif{df k|jflxt s'n /sd dWo] ;~rfns,
sfo{sf/L k|d'v, ;+:yfks, sd{rf/L, z]o/ xf]N*/x? / lghx¿sf] kl/jf/sf ;b:o jf To:tf JolQm hdfgL
a;]sf] jf Dofg]lhé Ph]G^ ePsf] s'g} ;+:yf jf sDkgLnfO{ uPsf] /sdsf] ljj/)f b]xfo adf]lhd % .
;+:yfks÷;~rfns÷sfo{sf/L ut jif{;Ddsf] o; jif{ c;'nL o;jif{ cfiff( d;fGt;Dd
af+sL yk shf{ af+sL
k|dv
' sf] gfd ;fjf+ Jofh ;fjf+ Jofh ;fjf+ Jofh
-s_ ;~rfns
1=
2=
-v_ sfo{sf/L k|d'v
1=
2=
-u_ ;+:yfks
1=
2=
-#_ sd{rf/L
1=
2=
-ª_ z]o/wgLx?
1=
2=
hDdf

80
cg';"rL 4=30
=======================lnld6]8
k'FhLsf]if tflnsf
- ====================== cfiff( d;fGt_
-?=xhf/df_
ljj/0f o; jif{ ut jif{
-s_ k|fylds k'FhL
!_ r'Qmf k'FhL -;fwf/0f z]o/_
@_ k|:tfljt jf]g; z]o/
#_ z]o/ lk|ldod
$_ lkmtf{ gx'g] cu|flwsf/ z]o/
%_ ;fwf/0f hu]8f sf]if
^_ ;l~rt gfkmf÷-gf]S;fg_
&_ jf;nftdf b]vfO{Psf] rfn' cf=j=sf] gfkmf–gf]S;fg lx;fjsf] /sd
*_ k'FhL lkmtf{ hu]8f sf]if
(_ k'FhL ;dfof]hg sf]if
!)_ cGo :jtGq sf]ifx?
36fpg]M
— Voflt (Goodwill) jfktsf] /sd
— ;LdfeGbf a9L nufgL ul/Psf] /sd
— ljQLo :jfy{ /x]sf] sDkgLsf] lwtf]kqdf nufgL u/]sf] /sd
— cjf:tljs ;DklQ
— o; a}+ssf] lgb]{zg kfngf gu/L l:y/ ;DklQ vl/b u/]sf] /sd -olb
5 eg]_
— k|rlnt P]g tyf sfg'gn] k|ltaGw u/]sf JolQm tyf ;d"xx?nfO{
k|bfg u/]sf]] shf{ tyf ;'ljwfx?
-v_ k"/s k'FhL
!_ c;n shf{sf] nflu u/]sf] shf{ gf]S;fgL Joj:yf
@_ cltl/Qm shf{ gf]S;fgL Joj:yf
#_ xfOla|8 k'FhL pks/0fx?
$_ ;'/If0f g/fv]sf] ;xfos cfjlws C0f
%_ ;6xL ;lds/0f sf]if
^_ ;DklQ k"gd"{NofÍg sf]if
&_ nufgL ;dfof]hg sf]if
-u_ hDdf k'FhLsf]if -s±v_
-3_ hf]lvd efl/t ;DklQsf] cfwf/df sfod ug'{kg]{ Go"gtd k'FhLsf]if
k'FhLsf]if - ================= k|ltzt_
k|fylds k'FhL -=================== k|ltzt_
k'FhLsf]if -clws÷Go"g_ - ================= k|ltztn]_
k|fylds k'FhL -clws÷Go"g_ - ================= k|ltztn]_

81
cg';"rL $=#) -s_
===========================lnld6]8
hf]lvd efl/t ;DklQ ljj/0f tflnsf
- ====================== cfiff( d;fGt_
o; jif{ ut jif{
jf;nft adf]lhdsf] ;DklQ ef/ hf]lvd hf]lvd
(On-Balance-sheet Assets) /sd efl/t /sd efl/t
;DklQ ;DklQ
gub df}Hbft 0
;'g -ljlgdo of]Uo_ 0
g]kfn /fi6« a}+sdf /x]sf] df}Hbft 0
g]kfn ;/sf/sf] C0fkqdf u/]sf]] nufgL 0
g]kfn /fi6« a}+s C0fkqdf u/]sf]] nufgL 0
cfˆg} d'2tL /;Lbsf] lwtf]df k"0f{ ;'/lIft x'g]u/L k|bfg u/]sf]] d'2tL /;Lb 0
lwtf] shf{
;/sf/L C0f kqsf] lwtf]df k"0f{ ;'/lIft x'g] u/L k|bfg u/]sf]] shf{ 0
art kqsf] kfpg' kg]{ Jofh /sd (Accrued Interest) 0
ljkGg ju{ shf{ cGtu{t u0fgf x'g] o'jf tyf ;fgf Joj;foL :j/f]huf/
sf]ifdf ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] hDdf u/]sf] /sd 0
:jb]zL a}+s tyf ljQLo ;+:yfx?df /x]sf] df}Hbft÷d'2tL /l;bsf] bfjL
(Claims) 20
cGo a}+s tyf ljQLo ;+:yfx?sf] d'2tL /l;bsf] lwtf]df k"0f{ ;'/lIft x'g] 20
u/L k|bfg u/]sf]] d'2tL /l;b lwtf] shf{
ljb]zL a}+sx?df /x]sf] df}Hbft 20
dfu]sf] avt k|fKt x'g] /sd (Money at Call) 20
cGt/f{li6«o >]0fLs[t (Rated) Ohfhtkqk|fKt ;+:yfsf] Uof/]06Ldf uPsf] shf{ 20
cGt/f{li6«o >]0fLs[t (Rated) a}+sdf u/]sf] cGo nufgL 20
cGt/ a}+s ;fk6L 20
z]o/, l8j]~r/ Pj+ a08df ePsf] nufgL 100
cGo nufgLx? 100
shf{, ;fk6 tyf ljN; v/Lb÷l8:sfp06 ;d]t 100
l:y/ ;DklQx? 100
Kffpg' kg]{ cGo v'b Jofh /sd 100
cGo ;a} ;DklQx? -v'b cu|Ld s/ bflvnf jfx]s_ 100
-s_ hDdf
-v_ jf;nft aflx/sf sf/f]jf/x? (Off-balance sheet Items)
laN; sn]S;g )
clu|d ljb]zL ljlgdo ;Demf}tf !)
^ dlxgfeGbf sd cjlwsf] k|ltt–kq -k"/} /sd_ @)
cGt//fli6«o >]0fLs[t (Rated) ljb]zL Ohfhtkqk|fKt ;+:yfsf] sfp06/ @)
Uof/]06Ldf hf/L u/]sf]] Uof/]06L
^ dlxgfeGbf a9L cjlwsf] k|ltt–kq -k"/} /sd_ %)
lj8a08, k/km/d]G; a08 / k|Tofe"lt (Underwriting) ;DjGwL k|ltj4tf %)
k'gM v/Lb ug]{ zt{df laqmL u/]sf]] shf{ %)
clu|d e'QmfgL Uof/]06L (Advance payment Guarantee) !))
ljQLo tyf cGo hdfgt (Financial and other Guarantee) !))
ckl/jTo{ shf{ k|lta4tf (Irrevocable Loan Commitment) !))
cfos/ jfkt ;Defljt bfloTj !))
Acceptance ;lxt cGo ;j} k|sf/sf ;Defljt bfloTjx? !))
-v_ hDdf
s'n hf]lvd efl/t ;DklQ hDdf -s_ + -v_

82
cg';"rL $=#!
===============lnld6]8
k|d'v ;"rsfFÍ
sDtLdf ljut % jif{sf] kl/;"rsx¿
ljj/0f ;"rsfÍ cf=a= cf=a= cf=a= cf=a= cf=a=
========== ========== ========== ========== ==========
1= v'b gfkmf÷s'n cfDbfgL k|ltzt k|ltzt
2= k|lt z]o/ cfDbfgL ¿=
3= k|lt z]o/ ahf/ d'No ¿=
4= d'No cfDbfgL cg'kft (PE Ratio) cg'kft
5= z]o/ k'FhLdf nfef+z -jf]g; ;lxt_ k|ltzt
6= z]o/ k'FhLdf gub nfef+; e'QmfgL k|ltzt
7= Jofh cfDbfgL÷shf{ tyf ;fk6 k|ltzt
8= sd{rf/L vr{÷s'n ;~rfng vr{ k|ltzt
9= s'n lgIf]k tyf ;fk6Ldf Jofh vr{ k|ltzt
10= ;6xL 36a6 cfDbfgL÷s'n cfDbfgL k|ltzt
11= sd{rf/L af]g;÷s'n sd{rf/L vr{ k|ltzt
12= v'b gfkmf÷shf{ ;fk6 k|ltzt
13= v'b gfkmf÷s'n ;DklQ cg'kft
14= s'n shf{÷lgIf]k k|ltzt
15= s'n ;~rfng vr{÷s'n ;DklQ k|ltzt
16= hf]lvd efl/t ;DklQdf k'FhLsf]ifsf] kof{Kttf
-s_ k|fylds k'FhL k|ltzt
-v_ k"/s k'FhL k|ltzt
-u_ s'n k'FhL sf]if k|ltzt
17= t/ntf (CRR) cg'kft
18= lgis[o shf{÷s'n shf{ k|ltzt
19= Jofh b/ cGt/ (Weighted Average Interest
Rate Spread)
20= a's g]6jy{ ¿=
21= s'n z]o/ ;+Vof
22= s'n sd{rf/L ;+Vof
23= cGo

cg';"rL $=#@
k|d'v n]vf gLltx?
jflif{s n]vf laj/0fx?;Fu k|sflzt ug'{kg]{ .

83
cg';"rL $=##
n]vf ;DaGwL l6Kk0fLx?
jflif{s n]vf laj/0fx?;Fu k|sflzt ug'{kg]{ .

cg";'lr 4=34
============================================== lnld6]8
;+:yfks÷;+:yfks ;d"xsf z]o/ wgLn] cfkm\gf] :jfldTjdf /x]sf] z]o/ cGo a}+s tyf ljQLo
;+:yfdf lwtf] /fvL shf{ lnPsf] ljj/0f
;+:yfks÷;+:yf ;+:yfkssf] :jfldTjdf shf{ ljj/0f
qm= ks ;d"x sfod /x]sf] z]o/
;+= cGtu{t kg]{ s"n s"n r'Qmf shf{ lnPsf] cGo s}lkmot
z]o/wgLsf] lsQf k'FhLsf] a}+s÷ ljQLo ;+:yfsf] shf{ /sd lwtf]df /x]sf]
gfd ;+Vof k|ltzt gfd z]o/ lsQf ;+Vof
!
@
=

84
cg";'lr 4=35

.......................................... Bank and Financial Institution Ltd.


Comparison of Unaudited and Audited Financial Statement as of FY ...../...
Rs in '000
As per Variance
As per Audited
Unaudited Reasons for
S.No. Particulars Financial In Amount In %
Financial Variance
Statement
Statement
1 Total Capital and Liabilities (1.1 to 1.7)
1.1 Paid up Capital
1.2 Reserve and Surplus
1.3 Debenture and Bond
1.4 Borrowings
1.5 Deposits (a+b)
a. Domestic Currency
b. Foreign Currency
1.6 Income Tax Liability
1.7 Other Liabilities
2 Total Assets (2.1 to 2.7)
2.1 Cash and Bank Balance
2.2 Money at Call and Short Notice
2.3 Investments
2.4 Loans and Advances
2.5 Fixed Assets
2.6 Non Banking Assets
2.7 Other Assets
3 Profit and Loss Account
3.1 Interest Income
3.2 Interest Expense
A. Net Interest Income (3.1 - 3.2)
3.3 Fees, Commission and Discount
3.4 Other Operating Income
3.5 Foreign Exchange Gain/Loss (Net)
B. Total Operating Income (A+3.3+3.4+3.5)
3.6 Staff Expenses
3.7 Other Operating Expenses
C. Operating Profit Before Provision (B -3.6 - 3.7)
3.8 Provision for Possible Losses
D. Operating Profit (C -3.8)
3.9 Non Operating Income/Expenses (Net)
3.1O Write Back of Provision for Possible Loss
E. Profit from Regular Activities (D+3.9+3.10)
3.11 Extraordinary Income/Expenses (Net)
F. Profit before Bonus and Taxes (E +3.11)
3.12 Provision for Staff Bonus
3.13 Provision for Tax
G. Net Profit/Loss (F - 3.12 - 3.13)

85
cg";'lr 4=c
...................... Limited
Unaudited Financial Results (Quarterly)
As at ........... Quarter (...../...../200...) of the Fiscal Year 200.../200...
Rs. in '000
This Quater Previous Quarter Corresponding Previsous
S.No. Particulars
Ending Ending Year Quarter Ending
1 Total Capital and Liabilities (1.1 to 1.7)
1.1 Paid up Capital
1.2 Reserve and Surplus
1.3 Debenture and Bond
1.4 Borrowings
1.5 Deposits (a+b)
a. Domestic Currency
b. Foreign Currency
1.6 Income Tax Liability
1.7 Other Liabilities
2 Total Assets (2.1 to 2.7)
2.1 Cash and Bank Balance
2.2 Money at Call and Short Notice
2.3 Investments
2.4 Loans and Advances
2.5 Fixed Assets
2.6 Non Banking Assets
2.7 Other Assets
Up to Previous Up to Corresponding
3 Profit and Loss Account Up to This Quarter
Quarter Previous Year Quarter
3.1 Interest Income
3.2 Interest Expense
A. Net Interest Income (3.1 - 3.2)
3.3 Fees, Commission and Discount
3.4 Other Operating Income
3.5 Foreign Exchange Gain/Loss (Net)
B. Total Operating Income (A+3.3+3.4+3.5)
3.6 Staff Expenses
3.7 Other Operating Expenses
C. Operating Profit Before Provision (B -3.6 - 3.7)
3.8 Provision for Possible Losses
D. Operating Profit (C -3.8)
3.9 Non Operating Income/Expenses (Net)
3.1O Write Back of Provision for Possible Loss
E. Profit from Regular Activities (D+3.9+3.10)
3.11 Extraordinary Income/Expenses (Net)
F. Profit before Bonus and Taxes (E +3.11)
3.12 Provision for Staff Bonus
3.13 Provision for Tax
G. Net Profit/Loss (F - 3.12 - 3.13)
At the End of
At the End of This At the End of
4 Ratios Corresponding Previous
Quarter Previous Quarter
Year Quarter
4.1 Capital Fund to RWA
4.2 Non Performing Loan (NPL) to Total Loan
4.3 Total Loan Loss Provision to Total NPL

86
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+=%÷)^^
laifo:- Ohfhtkqk|fKt ;+:yfsf] sf/f]jf/df lglxt hf]lvd Go"gLs/0f ug]{ ;DjGwL ul/Psf] Joj:yf .
Ohfhtkqk|fKt ;+:yfsf] sf/f]af/df lglxt t/ntf, Aofhb/, ljb]zL ljlgdo tyf shf{ ;DaGwL hf]lvdnfO{
Go"gLs/0f ug]{ ;DjGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L of] lgb]{zg lbOPsf]
5.
!= hf]lvd juL{s/0f
Ohfhtkqk|fKt ;+:yfx?n] cfkm\gf] sf/f]af/;Fu ;DalGwt hf]lvdnfO{ cg'udg ug]{ k|of]hgsf] nflu hf]lvdnfO{
b]xfo jdf]lhd juL{s/0f ug'{kg]{ 5 M–
-s_ t/ntf ;DaGwL hf]lvd .
-v_ Aofhb/ ;DaGwL hf]lvd .
-u_ ljb]zL ljlgdo ;DaGwL hf]lvd .
-3_ shf{ tyf nufgL ;DaGwL hf]lvd .
@= t/ntf ;DaGwL hf]lvd Go"gLs/0f ug{ ug'{kg]{ Joj:yf
-!_ t/ntf ;DaGwL hf]lvd Go"gLs/0f ug{ Ohfhtkqk|fKt ;+:yfn] cfˆgf] ;DklQ tyf bfloTjnfO{ e'QmfgL
cjlw (Maturity Period) sf] cfwf/df ljleGg ;do cGt/fn (Time Interval) df juL{s/0f ug'{kg]{
5 . o; k|of]hgsf] lgldQ ;+nUg lgb]{zg kmf=g+=%=! adf]lhdsf] t/ntf laj/0f (Liquidity Profile)
q}dfl;s ?kdf tof/ u/L qodf; -c;f]h, k';, r}q / cfiff9 d;fGt_ ;dfKt ePsf] kGw| lbg leq o;
a}+ssf] ;DjlGwt ;'kl/j]If0f ljefudf k7fpg'kg]{ 5 .
-@_ Ohfhtkqk|fKt ;+:yfn] ;DklQ tyf bfloTjsf] e'QmfgL cjlwsf] cfwf/df lgDgfg';f/ ;do cGt/fnsf]
juL{s/0f ug'{kg]{ 5 .
-!_ gAa] lbg ;Ddsf] e'QmfgL cjlw ePsf ;DklQ tyf bfloTj .
-@_ gAa] lbg eGbf a9L Ps;o c;L lbg;Ddsf] e'QmfgL cjlw ePsf ;DklQ tyf bfloTj .
-#_ Ps;o c;L lbg eGbf a9L b'O{;o ;Q/L lbg;Ddsf] e'QmfgL cjlw ePsf ;DklQ tyf bfloTj .
-$_ b'O{;o ;Q/L lbg eGbf a9L Ps jif{ ;Ddsf] e'QmfgL cjlw ePsf ;DklQ tyf bfloTj .
-%_ Ps jif{ eGbfa9L e'QmfgL cjlw ePsf ;DklQ tyf bfloTj .
-#_ lglZrt e'QmfgL cjlw ePsf ;DklQ tyf bfloTjnfO{ pkbkmf -@_ adf]lhdsf] ;do cGt/fndf ;dfj]z
ug'{kg]{ 5 .
-$_ Ohfhtkqk|fKt ;+:yfsf] lglZrt e'QmfgL cjlw gePsf rNtL tyf art lgIf]k h:tf bfloTj dWo]
k|fylds lgIf]ksf] ?kdf /x]sf / Go"gtd sfod ug'{kg]{ df}Hbftsf] c+z;Ddsf] /sd Ps jif{ eGbfa9L
cjlwsf] ;do cGt/fn leq ;dfj]z ug'{kg]{ 5 . rNtL lgIf]ksf] pQm c+zsf] oyfy{ cg'dfg
Ohfhtkqk|fKt ;+:yf :jo+n] ug'{kg]{ 5 . ;fdfGotM :yfoL ?kdf /lx/xg] rNtL lgIf]ksf] c+znfO{
k|fylds lgIf]ksf] ?kdf lng'kg]{ 5 .
#= Aofhb/ hf]lvd Go"gLs/0f ug'{kg]{ Joj:yf
-!_ Ohfhtkqk|fKt ;+:yfn] Aofhb/af6 pTkGg x'g] hf]lvdnfO{ Go"gLs/0f ug{ b]xfo adf]lhdsf pkfox?
cjnDag ug'{kg]{ 5 M–
-s_ Jofhb/df ePsf] kl/jt{gsf sf/0f k|efljt x'g] ;+klQx? tyf bfloTjx? (Interest Sensitive
Assets and Liabilities) nfO{ dfq ;DklQ tyf bfloTjdf ;dfj]z ug'{kg]{ 5 .
-v_ ;fdfGotM ;DklQ tyf bfloTjsf] e'QmfgL cjlw ldnfg gx'g] (Maturity Mismatch) cj:yfsf]
cGt/ ljZn]if0f -Gap Analysis_ ubf{ gub df}Hbft (Cash Balance) / Aofh e'QmfgL lbg' gkg]{
(Non-interest Bearing Account) vftfsf] /sd ;dfj]z ug{kfOg] 5}g .

87
-u_ Ohfhtkqk|fKt ;+:yfn] Aofhb/ hf]lvdnfO{ Jojl:yt tyf Go"gLs/0f ug{ ;+nUg lgb]{zg
kmf=g+=%=@ adf]lhdsf] laj/0f q}dfl;s -c;f]h, k';, r}q / c;f/ d;fGt_ ?kdf tof/ u/L
qodf; ;dfKt ePsf] kGw| lbg leq o; a}+ssf] ;DjlGwt ;'kl/j]If0f ljefudf k]z ug{'kg]{ 5 .
-@_ Aofhb/ hf]lvdsf] cg'udg ug{ lnOg'kg]{ ;do cGt/fn (Time Interval) sf] juL{s/0f ubf{ bkmf @
cg';f/ ug'{kg]{ 5 .
-#_ lglZrt e'QmfgL cjlw (Fixed Maturity Period) gePsf ;DklQ tyf bfloTjnfO{ b]xfo adf]lhd
;dfj]z ug'{kg]{ 5 M–
-s_ lglZrt e'QmfgL cjlw gePsf ;DklQx?
-!_ cfjlws ?kdf Aofhb/ ;dfof]hg x'g] u/L k|jfx ul/Psf] shf{ (Floating rate loan with
interest adjusted periodically) nfO{ h'g cjlwdf Aofhb/ ;dfof]hg ul/G5, ;f]xL ;do
cGt/fn leq ;dfj]z ug'{kg]{ 5 .
-@_ s'g} Aofhb/ ljz]if kl/jt{g;Fu ;dfof]hg x'g] -h:t}M 6]«h/L ljnsf] Aofhb/_ u/L k|jfx
ul/Psf] cfjlws shf{nfO{ ;j}eGbf sd cjlwsf] ;do cGt/fn leq ;dfj]z ug'{kg]{ 5 .
-v_ lglZrt e'QmfgL cjlw gePsf bfloTjx?
Ohfhtkqk|fKt ;+:yfsf] s'n rNtL tyf jrt lgIf]k dWo] k|fylds lgIf]ksf] ?kdf /x]sf] /
Go"gtd sfod ug'{kg]{ df}Hbftsf] c+z;Ddsf] /sd Ps jif{eGbf a9L cjlwsf] ;do cGt/fn leq
;dfj]z ug'{kg]{ 5 . rNtL lgIf]ksf] pQm c+zsf] oyfy{ cg'dfg Ohfhtkqk|fKt ;+:yf :jo+n]
ug'{kg]{ 5 . Ohfhtkqk|fKt ;+:yf;Fu ;fdfGotM :yfoL ?kdf /xL /xg] rNtL lgIf]ksf] c+znfO{
k|fylds lgIf]ksf] ?kdf lng'kg]{ 5 .
-$_ cGt/ (Gap) dfkg b]xfo adf]lhd ug'{kg]{5M–
-s_ ljleGg ;do cGt/fnsf s'n ;DklQaf6 s'n bfloTj 36fP/ ;f] ;do cGt/fnsf] ;DklQ tyf
bfloTjsf] cGt/ (Gap) lgwf{/0f ug'{kg]{ 5 . pQm cGt/ (Gap) 3gfTds (Positive) cyjf
C0ffTds (Negative) b'j} x'g;Sg] 5 .
-v_ Aofhb/ hf]lvd Go"g ug]{ k|of]hgsf] lgldQ k|To]s ;do cGt/fnsf] ;l~rt cGt/ (Cumulative
Gap) ;d]t lgwf{/0f ug'{kg]{ 5 . ;l~rt cGt/ lgwf{/0f ubf{ h'g ;do cGt/fnsf] ;l~rt cGt/
lgwf{/0f ug'{kg]{ xf] ;f] ;do cGt/fnsf] cGt/ (Gap) ;lxt ;f] eGbf cl3sf ;do cGt/fnsf
cGt/nfO{ ;d]t hf]8]/ /fVg'kg]{ 5 .
-u_ Aofhb/df x'g ;Sg] ;Defljt kl/jt{gnfO{ cg'dfg (Estimate) ug'{kg]{ 5 . ;f] k|of]hgsf] nflu
;fdfGotof Ps k|ltztn] Aofhb/ kl/jt{gaf6 kg{ hfg] c;/nfO{ x]g{ ;lsg]5 .
-3_ kl/jt{g x'g] cg'dfg ul/Psf] Aofhb/ pkv08 -u_ adf]lhd k|To]s ;do cGt/fnsf]
;dofjlw;Fu ;dfof]lht x'g] u/L lgwf{/0f ug'{kg]{ 5 . ;f] k|of]hgsf] lgldQ Aofhb/df x'g]
;dfof]lht Aofhb/ (IRC) kl/jt{gnfO{ b]xfosf] cg'kftn] u'0fg ug'{kg]{ 5 M–
;do cGt/fndf /x]sf lbg ÷#^% lbg
h:t}M— ! k|ltztn] Aofhb/ kl/jt{g ePdf, () lbgsf] ;do cGt/fn x'Fbf
Interest Rate Change (IRC) =()÷#^%×)=)! )=))@%
-ª_ Aofhb/df ePsf] kl/jt{gsf sf/0f a}+ssf] gfkmf–gf]S;fgdf kg{ uPsf] c;/nfO{ x]g{ ljleGg ;do
cGt/fnsf] ;l~rt cGt/fn (Cumulative Gap) nfO{ pkv08 -3_ adf]lhd lgwf{/0f ul/Psf]
Aofhb/n] u'0fg u/L lgwf{/0f ug'{kg]{ 5 .
$= ljb]zL ljlgdo ;DaGwL hf]lvd Go"gLs/0f ug'{kg]{ Joj:yf
-!_ ljb]zL ljlgdo b/df cfpg] ;Defljt kl/jt{gaf6 Ohfhtkqk|fKt ;+:yfsf] ljQLo cj:yfdf kg{ ;Sg]
c;/nfO{ cg'udg ug]{ p2]Zon] ;+nUg lgb]{zg kmf=g+=%=# adf]lhdsf] laj/0f ;fKtflxs ?kdf ;Ktfx
ljt]sf] ;ft lbg leq o; a}+ssf] ;DjlGwt ;'kl/j]If0f ljefudf k7fpg'kg]{ 5 .
-@_ Ohfhtkqk|fKt ;+:yfn] ljb]zL ljlgdo b/df cfpg] kl/jt{gaf6 pTkGg x'g;Sg]] hf]lvdnfO{ Go"gLs/0f
ug{ o; a}+sn] hf/L u/]sf] n]vf ;DaGwL gLlt tyf ljQLo laj/0fx?sf] 9fFrf ;DaGwL lgb]{zg -O=k|f
lgb]{zg g+= $_ df pNn]v eP adf]lhdsf] ;6xL 36j9 sf]if sfod /fVg'kg]{ 5 .

88
-#_ Ohfhtkqk|fKt ;+:yfn] cNksfnLg tyf bL3{sfnLg e'QmfgL cjlwsf cfwf/df ljb]zL ljlgdonfO{
d'b|fut ?kdf juL{s/0f u/L b'j} cjlwsf] v'b cj:yf (Net Position) b]vfpg'kg]{ 5 .
:ki6Ls/0f M
o; k|of]hgsf] nflu æcNksfnLgÆ cjlw eGgfn] Ps dlxgf jf ;f]eGbf sd cjlw ;Demg' k5{ .
-$_ Ohfhtkqk|fKt ;+:yfsf] ljb]zL ljlgdosf] b}lgs v'b cj:yf a9Ldf k|fylds k'FhLsf] tL; k|ltzt;Dd
x'g] u/L ;Ldf sfod ul/Psf] 5 . v'b cj:yf pQm ;Ldf eGbf a9L x'g uPdf Ohfhtkqk|fKt ;+:yf
:jo+n] To:tf] cj:yfnfO{ ;Ldf leq Nofpg k|of; ug'{kg]{ 5 . Ps dlxgf leq klg Ohfhtkqk|fKt
;+:yfn] v'b cj:yfnfO{ ;Ldf leq gNofPdf g]kfn /fi6« a}+s P]g, @)%* adf]lhd sf/jfxL x'g]5 . v'b
cj:yf u0fgf ubf{ kl/jTo{ ljb]zL d'b|f lgIf]k bfloTj (Foreign Currency Deposit Liablility) tyf clu|d
ljb]zL ljlgdo v/Lb÷ljqmL /sd ;d]tnfO{ ;dfof]hg u/]sf] x'g' kb{5 .
%= shf{ tyf nufgL ;DaGwL hf]lvd Go"gLs/0f ug'{kg]{ Joj:yf
o; a}+saf6 hf/L ul/Psf] æshf{ ;fk6sf] juL{s/0f / ;f]sf] gf]S;fgLdf sfod ug]{ k|f]lehlgË (Provisioning)
;DaGwL Joj:yf -O=k|+f=lgb]{zg g+= @ _Æ / æPp6f u|fxs, kmd{, sDkgL jf cfk;L ;DaGw ePsf u|fxsx?sf]
;d"xnfO{ tyf cy{ Joj:yfsf] Ps} If]qdf Ohfhtkqk|fKt ;+:yfx?n] k|bfg ug{;Sg] shf{ ;fk6 / ;'ljwfsf]
;Ldf lgwf{/0f ;DaGwL Joj:yf -O=k|f=lgb]{zg g+= #_ tyf nufgL ;DjGwL Aoj:Yff -O=k|f=lgb]{zg g+= *_ nfO{ g}
shf{ tyf nufgL ;DaGwL hf]lvd Go"gLs/0f ug]{ cfwf/sf] ?kdf lng'kg]{ 5 .
^== vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] Ohfhtkqk|fKt ;+:yfsf] sf/f]jf/df lglxt
hf]lvd Go"gLs/0f ug]{ ;DjGwL hf/L ul/Psf] O=k|f=lgb]{zg g+= %÷)^!÷^@ adf]lhdsf] lgb]{zg tyf ;f]
kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg] 5 .

89
lgb]{zg kmf=g+=%=!
t/ntf ljj/0f tflnsf
Ohfhtkqk|fKt ;+:yfsf] gfd M
cjlw M -¿=nfvdf_
;DklQ ! – () (! – !*) !*!–@&) @&!–#^% ! jif{ eGbf s'n
lbg lbg lbg lbg a9L /sd
gub df}Hbft
a}+s tyf ljQLo ;+:yf df}Hbft
ljb]zL a}+sdf ul/Psf] nufgL
sn dgL -Call Money_
;/sf/L ;'/If0fkq
g]kfn /fi6« a}+s C0fkq
cGt/ a}+s tyf ljQLo ;+:yf shf{
shf{ ;fk6
s'n ;DklQ
bfloTj
;fk6L
rNtL lgIf]k
art lgIf]k
d'2tL lgIf]k
C0f kqx?
s'n bfloTj
v'b ljQLo ;DklQ
;l~rt v'b ljQLo ;DklQ
Gff]6 M efvf gf3]sf] shf{ ePdf ;f]nfO{ Ps jif{eGbf a9L cjlwdf /fVg] .

lgb]{zg kmf=g+=%=@
Aofhb/ ;DaGwL hf]lvd cg'udg tflnsf
Ohfhtkqk|fKt ;+:yfsf] gfdM
cjlw M -¿=nfvdf_
@&! – ! jif{
cjlw ! – () (! – !*! – s'n
#^% eGbf
laj/0f lbg !*) lbg @&) lbg /sd
lbg a9L
*
!=s'n ;DklQ
*
@=s'n bfloTj
#=cGt/fn -! — @_
$=;l~rt cGt/fn
***
%=;dfof]lht Aofhb/ (IRC)
^=q}dfl;s d'gfkmf l:yltdf k|efj
(;l~rt cGt/fn x IRC)
&= ;l~rt d'gfkmf l:ylt km/s
-qm=;+= ^ sf] hf]8 ub}{ hfg]_
* s'n ;+klQ cGtu{t gub df}Hbft ;dfj]z ug'{kg]{ 5}g .
* s'n bfloTj cGtu{t Aofh e'QmfgL lbg' gkg]{ (Non-interest Bearing Account) vftfsf] /sd ;dfj]z ug{'
kg]{5}g .
* Interest Rate Change

90
lgb]{zg kmf=g+=%=#
ljb]zL ljlgdo ;DaGwL hf]lvd cg'udg tflnsf
Ohfhtkqk|fKt ;+:yfsf] gfd M
cjwL M -¿=nfvdf_
v'b
cNksfnLg bL3{sfnLg s'n
cNksfnLg bL3{sfnLg cj:yf÷
ljb]zL d'b|f v'b
v'b cj:yf v'b cj:yf k|fylds
;DklQ bfloTj ;DklQ bfloTj cj:yf
k'FhL
o'= P;= 8n/
:6«ln{Ë kf}08
hfkfgL o]g
o'/f]
cGo d'b|f

ef/tLo ?k}ofF

s'n

91
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f=lgb]{zg g+= ^÷)^^


laifo:- ;+:yfut ;'zf;g ;DaGwL Joj:yf .

o; a}+saf6 Ohfhtkqk|fKt ;+:yfn] kfngf ug'{kg]{ ;+:yfut ;'zf;g ;DaGwL Joj:yf ;DjGwdf g]kfn /fi6«
a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= ;~rfnsn] kfngf ug'{kg]{ cfr/0f ;DaGwL Joj:yf
-!_ Ohfhtkqk|fKt ;+:yfsf ;~rfnsn] Go"gtd :jLsf/of]Uo cfr/0f sfod ug'{kg]{
-s_ ;~rfnsn] o; a}+sn] hf/L u/]sf] cfr/0f ;DaGwL Joj:yf kfngf ug]{ arga4tf kqdf x:tfIf/
ug'{kg]{ 5 .
-v_ s'g} JolQm ;+rfnsdf lgo'Qm ePkl5 sfo{ef/ ;DxfNg' eGbf klxn] cfkm\gf] ;+:yf;+u ljQLo :jfy{
eP gePsf] s'/f ;~rfns ;ldltnfO{ hfgsf/L u/fpg'kg]{ 5 .
-u_ ;+rfnsn] a}+s jf ljQLo ;+:yfsf] Joj:yfkgsf] b}lgs sfdsf/jfxLdf x:tIf]k ug'{xF'b}g .
-3_ Ohfhtkqk|fKt ;+:yfsf ;~rfnsn]] cfkm\gf] clwsf/ If]q gf3L u/]sf] sfdsf/jfxLk|lt ;+rfns
:jo+ hjfkmb]xL x'g'kg]{ 5 . To:tf] cj:yfdf ;+:yf pQ/bfoL x'g'kg]{ 5}g .
-@_ Ohfhtkqk|fKt ;+:yfsf] lxt ljkl/tsf ultljlwdf ;+nUg x'g gx'g]
-s_ Ohfhtkqk|fKt ;+:yfsf ;~rfns k|ToIf jf ck|ToIf ?kdf ;+:yfsf] lxt ljkl/t x'g] s'g} klg
lsl;dsf] ultljlwdf ;+nUg x'b}g .
-v_ Ohfhtkqk|fKt ;+:yfsf] ;~rfns lghsf] ljQLo :jfy{ /x]sf] u|fxs;Fusf] sf/f]af/df k|ToIf jf
ck|ToIf ?kdf ;+nUg x'g' x'Fb}g . s'g} u|fxs;Fu To:tf] ;~rfnssf] s'g} klg lsl;dn] :jfldTj,
;fe]mbf/ jf hdfgtstf{ eO{ C0f lng] jf lbg] ljifodf ljQLo :jfy{ ufFl;Psf] 5 eg] lgh
;~rfns kbdf axfn /xg of]Uo dflgg] 5}g .
-u_ ;~rfns ;ldltn] lghsf] ljQLo :jfy{ ufFl;Psf] 5 egL k|dfl0ft gu/];Dd ;fj{hlgs ?kdf
lgisfzg ul/Psf z]o/÷C0fkqx?sf] sf/f]af/sf] xsdf o; lsl;dsf] k|ltjGw nfu" x'g] 5}g .
-3_ sfo{sf/L k|d'vn] cfk"m cfj4 ePsf] Ohfhtkqk|fKt ;+:yfsf] Joj;fodf ;+nUg x'g'sf] cltl/Qm
o; a}+saf6 Ohfhtkqk|fKt cGo s'g}klg ;+:yf;Fu ;DalGwt Joj;fo ;+rfng u/]df klg
To;nfO{ ;+:yfsf] lxt ljkl/tsf] ultljlwsf] ?kdf lnOg] 5 .
-ª_ Ohfhtkqk|fKt ;+:yfsf] ;~rfnssf] Psf3/ kl/jf/sf ;b:on] lwtf]kq Joj;foL -bnfn, ahf/
lgdf{tf cflb_ sf] ?kdf :yflkt ;+ul7t ;+:yfsf] bz k|ltzt eGbf a9L :jfldTj u|x0f u/L
lwtf]kq sf/f]jf/df ;+nUg x'gkfO{g] 5}g .
-r_ Ohfhtkqk|fKt ;+:yfsf] ;~rfns jf ! k|ltzt eGbf a9L z]o/ lnPsf z]o/wgL jf lghsf]
kl/jf/sf] :jfldTjdf /x]sf]÷ljQLo :jfy{ /x]sf] kmd{, sDkgL;+u aflif{s ! nfv @) xhf/ eGbf
a9Lsf] sf/]fjf/ ug{ jf 3/ ef8f lnO{ sf/f]]jf/ ug{kfO{g] 5}g .
-#_ cf+lzs ?kdf sfd ug{ gx'g]
Ohfhtkqk|fKt ;+:yfsf sfo{sf/L k|d'vn] cfk"m sfo{/t ;+:yf afx]s o; a}+saf6 Ohfhtkqk|fKt cGo s'g}
klg ;+:yfdf cf+lzs ?kdf sfd ug{' x'Fb}g . t/, o; bkmfn] ;~rfns ;ldltsf] k"j{ :jLs[lt lnO{
Ohfhtkqk|fKt ;+:yfsf] lxt ljkl/t gx'g] u/L cGo Joj;flos ultljlwdf ;+nUg x'g eg] aGb]h nufPsf]
dflgg] 5}g . ;+:yfsf] lxtdf k|lts'n c;/ gkg]{ ePdf dfq Ohfhtkqk|fKt ;+:yfn] lghnfO{ To:tf] :jLs[lt
lbg ;Sg]5 .
-$_ PseGbf a9L Ohfhtkqk|fKt ;+:yfsf] ;~rfns x'g gkfOg]
o; a}+saf6 Ohfhtkqk|fKt Pp6f ;+:yfdf ;~rfns /x]sf] JolQm Ps}k6s csf]{ Ohfhtkqk|fKt
;+:yfsf] ;~rfns x'g kfOg] 5}g .
92
t/, b]xfo cg';f/ x'g o; lgb]{zgn] afwf k'¥ofPsf] dflgg] 5}g .
-s_ Ohfhtkqk|fKt ;+:yfn] sfg'g adf]lhd :yfkgf u/]sf] ;xfos sDkgLx?sf] ;~rfns x'g,
-v_ g]kfn ;/sf/sf] nufgL ePsf Ohfhtkqk|fKt ;+:yfn] csf]{ Ohfhtkqk|fKt ;+:yfdf nufgL u/]sf]
sf/0fn] To:tf] Ohfhtkqk|fKt ;+:yfdf ;~rfns dgf]gog ug'{kbf{ g]kfn ;/sf/sf] :jLs[lt lnO{
cfˆgf] s'g} ;~rfns To:tf] csf]{ Ohfhtkqk|fKt ;+:yfsf] ;~rfnsdf dgf]gog x'g,
-u_ gfkmf sdfpg] p2]Zo gePsf ;fdflhs ;]jfdf ;+nUg ;+:yfx? h:t}M wfld{s, z}lIfs, ;f+:s[lts,
k/f]ksf/L h:tf ;+:yfx?sf] lgodsf] kl/lw leq /xL ;~rfns x'g .
-%_ ;+/Ifssf] x}l;otdf /xg gx'g]
;~rfnsn] u|fxssf] hdLg tyf hfoh]yf ;DaGwL sf/f]af/df k|zf;s jf ;+/Ifssf] x}l;otn] ;+nUg
x'g' x'Fb}g . olb o:tf] sfo{df ;+nUg eO{ u|fxssf] Ohfhtkqk|fKt ;+:yfdf /x]sf]] vftfdf x:tfIf/ ug]{
clwsf/ k|fKt u/]df ;~rfns ;ldltaf6 To;sf] lnlvt :jLs[lt lng'kg]{ 5 .
t/, Ohfhtkqk|fKt ;+:yfsf ;+rfnsx?n] n3'ljQ sf/f]jf/ ug]{ æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yfdf
;+/Ifs jf ;Nnfxsf/sf] ?kdf dfq /xg jfwf k'u]sf] dflgg] 5}g .
-^_ kbsf] b'?kof]u ug{ gx'g]
;~rfnsn] cfˆgf] kb / gfd b'?kof]u u/L s'g} klg lsl;dsf] JolQmut kmfObf x'g] lqmofsnfkdf ;+nUg x'g
kfOg] 5}g . Ohfhtkqk|fKt ;+:yfsf ;~rfns / lghsf kl/jf/n] ;d]t lgh axfn /x]sf] Ohfhtkqk|fKt
;+:yf;Fu sf/f]af/ ubf{ kfl/jfl/s ;DaGwnfO{ hf]8\g kfOg] 5}g . kl/jf/sf] ljj/0f v'nfO{ To:tf kl/jf/n]
Ohfhtkqk|fKt ;+:yfaf6 shf{ lng] ePdf ;f] ;DaGwL 5nkmn / lg0f{odf efu lng kfOg] 5}g . ;fy},
;fdfgx?sf] vl/b ljqmL ubf{ z]o/ nufot cGo k|Tofe"ltx?sf] sf/f]jf/df k|fyldstf kfpg jf lbgsf nflu
kbsf] pkof]u ug{ kfOg] 5}g . o;}u/L ;'g, rfFbL, ljb]zL ljlgdo / ljb]zL ;'/If0fkqx?sf] ;§fk§f ubf{ kbLo
k|efj kfg{ kfOg] 5}g .
-&_ clen]v / k|ltj]bg k"0f{ Pj+ b'?:t /fVg'kg]{
Ohfhtkqk|fKt ;+:yfsf] n]vf ;DaGwL clen]v / k|ltj]bg k"0f{ Pj+ b'?:t ?kdf /fv]sf] x'g'kg]{ 5 .
;~rfnsn] Ohfhtkqk|fKt ;+:yfsf] cflwsfl/s n]vf ;DaGwL clen]v / sfuhftdf JolQmut ?kdf
yk36 ug{ kfOg] 5}g .
-*_ uf]klgotf sfod /fVg'kg]{
-s_ Ohfhtkqk|fKt ;+:yfsf ;~rfnsn] u|fxssf] ;"rgf / sf/f]af/sf] uf]kgLotf sfod /fVg'kg]{ 5 .
lgh Ohfhtkqk|fKt ;+:yfsf] ;~rfns kbaf6 lgj[Q eO;s] kl5 klg Ohfhtkqk|fKt ;+:yfn]
s'g} u|fxs;Fu u/]sf] uf]Ko sfo{ -Ohfhtkqk|fKt ;+:yfsf] lnlvt :jLs[lt gePsf]df_, k|ltlnlk
clwsf/, cGo kqfrf/, n]vf / u|fxs;Fu ePsf] cGo sf/f]af/sf] laj/0f cfˆgf] ljQLo :jfy{sf]
nflu k|of]u ug{ kfOg] 5}g .
-v_ s'g} u|fxssf] Joj;flos jf ljQLo ;"rgf u|fxssf] lnlvt :jLs[lt lnP/ cGo JolQm jf
;+:yfnfO{ lbg;lsg] 5 .
t/, k|rlnt sfg'gsf] clwgdf /xL ljQLo sf/f]af/ ;DaGwL laj/0fx? t];|f] kIfnfO{ pknAw
u/fpFbf uf]klgotf e+u ePsf] dflgg] 5}g .
-(_ lgikIf / ;dfg Jojxf/ ug'{kg]{
;~rfnsn] u|fxs;Fusf] ldqtf / ;DaGwaf6 k|efljt geO{ lgikIf Pj+ ;dfgtfsf] cfwf/df Jofj;flos
Jojxf/ ug'{kg]{ 5 .
-!)_ lnlvt ?kdf hfgsf/L lbg'kg]{
Ohfhtkqk|fKt ;+:yfn] dfly n]lvP adf]lhdsf] cfr/0f ;DaGwL Joj:yf :jLsf/ u/L tyf cfjZos b]v]df
cfkm\gf] cfGtl/s sfo{ k|0ffnLsf] nflu yk cfr/0f ;DaGwL Joj:yf ;d]t tof/ u/L o; a}+ssf] a}+s tyf
ljQLo ;+:yf lgodg ljefu / ;DjlGWft ;'kl/j]If0f ljefunfO{ lnlvt ?kdf hfgsf/L lbg'kg]{ 5 .
-!!_ ljj/0f k]z ug'{kg]{
Ohfhtkqk|fKt ;+:yfsf ;~rfnsn] o; lgb]{zgdf tf]lsPsf cfr/0fx? kfngf u/] gu/]sf] laj/0f
cfly{s jif{ ;dfKt ePsf] kGw| lbg leq clgjfo{ ?kdf o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg
ljefu / ;DalGwt ;'kl/j]If0f ljefudf k7fpg'kg]{ 5 . s'g} ;~rfnsn] pQm cfr/0fx?sf] kfngf
93
gu/]df ;f] kfngf gu/]sf] laj/0f / lghdfly ul/Psf] sf/jfxL o; a}+ssf pk/f]Qm ljefux?df t'?Gt
k7fpg'kg]{ 5 .
@ ;~rfns÷;~rfns ;ldltsf] st{Jo / pQ/bfloTj
;j{;fwf/0faf6 lgIf]k ;+sng u/L To;sf] ;+/If0f ug]{ h:tf] dxTjk"0f{ sfo{df ;+nUg Ohfhtkqk|fKt ;+:yfsf
;~rfnsx?n] cfˆgf z]o/xf]N8/x?sf] lxt dfq gx]/L lgIf]kstf{sf] lxt ;+/If0f ug{;Sg] u/L Ohfhtkqk|fKt
;+:yf ;+rfngdf lqmoflzn x'g'kg]{ 5 . ;~rfnsx?sf] c;n cfr/0f tyf lqmofsnfkaf6 ;DalGwt
Ohfhtkqk|fKt ;+:yfsf ;fy} b]zsf] ;du| ljQLo k|0ffnLdf cg's'n k|efj kg{hfg] x'Fbf To:tf ;+:yfsf
;~rfnsx?sf] lgo'lQm, lghx?n] kfngf ug'{kg]{ st{Jo tyf axg ug'{kg]{ pQ/bfloTj ;DaGwdf b]xfo
adf]lhdsf] Joj:yf ul/Psf] 5 M–
-s_ Ohfhtkqk|fKt ;+:yfnfO{ bIf, ljj]sk"0f{ Pj+ Jofj;flos ?kdf ;+rfng ug{ pko'Qm lsl;dsf] sd{rf/L
k|zf;g ljlgodfjnL tof/ u/L of]Uo tyf ;Ifd pRr kbflwsf/Lx?sf] 5gf}6 tyf lgo'lQm ug'{kg]{ 5 .
-v_ u}/ sfo{sf/L ;~rfnssf] dftxtdf /xg] u/L n]vfk/LIf0f ;ldlt u7g ug'{kg]{ 5 . cfGtl/s
n]vfk/LIf0f ;DaGwL lj:t[t sfo{ k|0ffnL tof/ u/L ;f]sf] cfwf/df n]vfk/LIf0f u/fpg'kg]{ 5 .
-u_ cfGtl/s n]vfk/LIfsx?af6 lgoldt ?kdf cfGtl/s n]vfk/LIf0f u/fpg'kg]{ / cfGtl/s n]vfk/LIfsn]
l;w} n]vfk/LIf0f ;ldltnfO{ k|ltj]bg k]z ug]{ Joj:yf ug'{kg]{ 5 . s'g} Pp6f ;+:yfsf] Internal Audit
;DjGwL sfo{ ug{ lhDd]jf/L tf]lsPsf] JolQm jf ;+:yf tyf ;f] ;+:yfsf ;fem]bf/ jf sd{rf/Ln] ;f]
;+:yfsf] Statutory Audit ;DaGwL sfo{df ;+nUg x'g kfpg] 5}g . To;}u/L s'g} Pp6f ;+:yfsf] Statutory
Audit ;DaGwL sfo{ ug{ lhDd]jf/L tf]lsPsf] JolQm jf ;+:yf tyf ;f] ;+:yfsf ;fem]bf/ jf sd{rf/Ln] ;f]
;+:yfsf] Internal Audit ;DjGwL sfo{df ;+nUg x'g gkfpg] Joj:yf ;ldltn] ldnfpg\'kg]{ 5 .
-3_ Ohfhtkqk|fKt ;+:yf ;j{;fwf/0fsf] /sd kl/rfng ug]{ ;+:yf ePsf] x'Fbf ;~rfnsx?n] Ohfhtkqk|fKt
;+:yfsf] cg'udg tyf ;'kl/j]If0f sfo{ j9L ljj]sk"0f{ / ;Ifd t/Lsfn] ug'{kg]{ 5 .
-ª_ Ohfhtkqk|fKt ;+:yfsf sd{rf/Lx?nfO{ clVtof/ k|Tofof]hg u/] klg lghx?sf] lqmofsnfksf] clGtd
bfloTj ;~rfnsx?n] g} axg ug'{kg]{ x'Fbf ;~rfns ;ldltsf] a}7sdf sd{rf/Lx? dfly ul/Psf
;'kl/j]If0f tyf sf/jfO{ ;DaGwL clen]v /fVg'kg]{ 5 .
-r_ Ohfhtkqk|fKt ;+:yfsf] nufgL tyf shf{ gLlt, ;DklQ tyf bfloTj Joj:yfkg, ah]l6Ë, of]hgf / cGo
cfjZos ljifodf lnlvt gLlt tyf of]hgf th'{df u/L sd{rf/Lx?nfO{ kfng ug{ nufpg'kg]{ 5 .
-5_ ;~rfnsx?n] Ohfhtkqk|fKt ;+:yfsf] cj:yf Pj+ ultljlw / Joj:yfkgn] clVtof/ u/]sf gLlt
;DaGwdf lgoldt ?kdf hfgsf/L lnO{ cfjZostf cg';f/ ;'wf/fTds pkfo ckgfpg'kg]{ 5 .
-h_ ;~rfns ;ldltsf] a}7s k|rlnt sfg'gdf Joj:yf eP cg';f/ a:g'kg]{ 5 .
-em_ k|rlnt sfg'g / o; a}+saf6 hf/L ePsf gLlt lgb]{zg tyf lgodgsf] kl/kfngf gePdf ;~rfnsx?
cfkm\gf] kbaf6 avf{:t ;d]t x'g;Sg] x'gfn] To:tf sfg'g, gLlt lgb]{zg tyf lgodg ljifodf
;~rfnsx? k"0f{ hfgsf/ x'g'sf ;fy} Ohfhtkqk|fKt ;+:yfaf6 To:tf sfg'g, gLlt lgb]{zg tyf
lgodg kfngf eP gePsf] ;DjGwdf lgoldt cg'udg ug'{kg]{ 5 .
-`_ Ohfhtkqk|fKt ;+:yfsf ;~rfnsx?n] lgIf]kstf{sf] xslxt ljkl/t sfo{ u/]df jf o; a}+sn] dfu u/]sf
sfuhftx? pknAw gu/fPdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf !)) adf]lhd To:tf ;~rfns tyf
kbflwsf/LnfO{ nufOPsf] hl/jfgf JolQmut ?kdf ltg'{kg]{ 5 . o;/L JolQmut ?kdf lt/]sf] hl/jfgf
/sdnfO{ ;DalGwt Ohfhtkqk|fKt ;+:yfn] cfˆgf] lx;fjdf vr{ n]vL lkmtf{ lbg kfpg] 5}g .
-6_ Ohfhtkqk|fKt ;+:yfsf Joj;flos ;+rfnsn] ;f] ;+:yfsf] ;+:yfks z]o/ :jfldTj u|x0f u/]sf] x'g'xF'b}g .
-7_ Ohfhtkqk|fKt ;+:yfsf] ;+rfng k|of]hgfy{ u7g x'g] ;+rfns ;ldlt afx]ssf cGo s'g} klg cfGtl/s
;ldlt jf pk–;ldltdf ;+rfns ;ldltsf cWoIf ;dfj]z x'g kfpg] 5}g .
-8_ k|rlnt sfg'gn] tf]s]sf] cj:yfdf afx]s Ohfhtkqk|fKt ;+:yfsf u}/ sfo{sf/L ;+rfns tyf cGo
;+rfnsx?n] ;f] ;+:yfsf] 5fk / sfof{nosf] gfd -nf]uf]_ k|of]u u/L kqfrf/ ug{ kfOg] 5}g .
#= sfo{sf/L k|d'vsf] lgo'lQm ;DaGwL Joj:yfM
-!_ Ohfhtkqk|fKt ;+:yfsf] ;+Rffns ;ldltn] k|rlnt sfg'g tyf Ohfhtkqk|fKt ;+:yfsf] k|aGwkq /
lgodfjnLsf] cwLgdf /xL sfo{sf/L k|d'vsf] lgo'lQm ug'{kg]{ 5 .

94
-@_ Ohfhtkqk|fKt ;+:yfsf] sfo{sf/L k|d'vsf] ?kdf lgo'Qm x'g] JolQmdf k|rlnt a}+s tyf ljQLo ;+:yf
;DjGwL sfg'gdf plNnlvt of]Uotf tyf cg'ejsf cltl/Qm b]xfosf yk of]Uotf, cg'ej tyf u'0fx?
plNnlvt x'g'kg]{ 5 .
-s_ a}+lsË sf/f]af/sf] nflu cfjZos kg]{ Joj;flos cg'ej,
-v_ Ohfhtkqk|fKt ;+:yfsf] b}lgs sfo{ ;Dkfbgdf cfGtl/s lgoGq0f / k|rlnt sfg'gsf] kl/kfngf
ug]{ u/fpg] ;Ifdtf,
-u_ a}+lsË jf ljQLo Joj;fosf] pRr txdf sfo{ u/]sf],
-3_ 6f6 kN6]sf] jf a]OdfgL jf hfn;fhLsf] cf/f]kdf ;hfo gkfPsf],
-ª_ cfkm\gf] k"j{ sf/f]af/df o; a}+saf6 lgnDag gul/Psf] jf o; a}+saf6 ePsf] cg';Gwfgdf
z+sf:kb sf/f]af/df ;+nUg egL ls6fg gul/Psf] jf To:tf] lgnDjgjf6 km's'jf ePsf] kfFr jif{
k'u]sf] jf To:Tff] z+sf:kb sf/f]jf/sf] ;+nUgtfaf6 ;kmfO{ kfPsf], /
-r_ sfnf];"rLdf ;dfj]z gePsf] jf To:tf] ;"rLaf6 k'ms'jf ePsf] tLg jif{ k'u]sf] .
-#_ Ohfhtkqk|fKt ;+:yfn] sfo{sf/L k|d'vsf] lgo'lQm ubf{ / ;~rfns ;ldltdf x]/k]m/ x'Fbf o; a}+ssf] a}+s
tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefunfO{ t'?Gt hfgsf/L lbg'kg]{ 5 .
-$_ Ohfhtkqk|fKt ;+:yfsf] sfo{sf/L k|d'v ;ft lbgeGbf a9L ;do ljbfdf j;]df, b]z aflx/ uPdf jf
cfkm\gf] cf]xf]bfsf] sfo{ ug{ g;Sg] ePdf lghsf] :yfgdf sfd ug]{ JolQmsf] gfd o; a}+ssf] a}+s tyf
ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefunfO{ k"j{ hfgsf/L lbg'kg]{ 5 .
-%_ Ohfhtkqk|fKt ;+:yfsf] sfo{;~rfng, sf/f]af/, Jofj;flos of]hgf tyf d'gfkmf l:ylt ;d]tnfO{ b[li6ut
u/L sfo{sf/L k|d'v, cGo kbflwsf/L tyf sd{rf/Lx?sf] tnj tyf ;'ljwf lgwf{/0f ug'{kg]{ 5 .
Ohfhtkqk|fKt ;+:yfaf6 sfo{sf/L k|d'vnfO{ k|bfg ul/g] tnj, eQf, af]g; tyf cGo ;'ljwf ;DaGwL
laj/0f / ;f] ;DjGwdf ePsf] s'g} klg kl/jt{gsf] laj/0f o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg
ljefu / ;DjlGwt ;'kl/j]If0f ljefunfO{ cfly{s jif{ ;dfKt ePsf] Ps dlxgfleq pknJw u/fpg'kg]{ 5 .
-^_ Pp6f Ohfhtkqk|fKt ;+:yfsf] sfo{sf/L k|d'vn] csf]{ Ohfhtkqk|fKt ;+:yfdf kbflwsf/Lsf] ?kdf /xL
sfo{ ug{kfpg] 5}g .
-&_ Ohfhtkqk|fKt ;+:yfsf] r'Qmf k'FhLsf] Ps k|ltzt jf ;f] eGbfa9L z]o/ wf/0f ug]{ z]o/wgL ;f]
;+:yfsf] ;~rfns tyf sfo{sf/L k|d'vsf] kbdf afx]s cGo s'g} txsf] kbdf lgo'Qm x'g of]Uo x'g] 5}g .
$= sd{rf/Lx?n] kfngf ug'{kg]{ cfr/0f ;DaGwL Joj:yf
-!_ sd{rf/Lx?n] b]xfo adf]lhdsf Go"gtd :jLsf/of]Uo cfr/0fsf] :t/ sfod ug'{kg]{ 5 M–
-s_ Ohfhtkqk|fKt ;+:yfsf sd{rf/Lx?n] o; a}+sn] hf/L u/]sf] cfr/0f ;DaGwL Joj:yf kfngf ug]{
arga4tf ;lxt x:tfIf/ ug'{kg]{ 5 .
-v_ cfˆgf] dftxtsf sd{rf/Lx?nfO{ cfr/0fsf] ljifodf lgb]{zg lbg] / hfgsf/L lng] pQ/bfloTj
ljefuLo k|d'vx?sf] x'g]5 . sd{rf/Ln] cg'zf;g jf lgod pNn+3g u/]df To;sf] k|ltj]bg ;DalGwt
ljefuLo k|d'vn] sd{rf/L k|zf;g ljefunfO{ pknAw u/fpg'kg]{ 5 / k|zf;g ljefun] pQm
k|ltj]bgsf] clen]v ;'kl/j]If0fsf] qmddf o; a}+ssf] ;'kl/j]If0f 6f]nLnfO{ pknAw u/fpg'kg]{ 5 .
-@_ sd{rf/Lx?n] Ohfhtkqk|fKt ;+:yfsf] lxt ljkl/tsf b]xfosf ultljlwdf ;+nUg x'g kfOg] 5}g M–
-s_ sd{rf/Lx? k|ToIf jf ck|ToIf ?kdf Ohfhtkqk|fKt ;+:yfsf] lxt ljkl/t x'g] s'g} klg lsl;dsf]
ultljlwdf ;+nUg x'g' x'Fb}g .
-v_ Ohfhtkqk|fKt ;+:yfsf] sd{rf/L cfˆgf] ljQLo :jfy{ /x]sf] u|fxs;Fusf] sf/f]af/df k|ToIf jf
ck|ToIf ?kdf ;+nUg x'g' x'Fb}g .
-u_ Ohfhtkqk|fKt ;+:yfsf sd{rf/Lsf] cfˆgf u|fxs;Fu z]o/ :jfldTj, ;fe]mbf/, C0f lng] jf lbg]
cflb s'g} lsl;dsf] ljQLo :jfy{ ufFl;Psf] 5 eg] lghn] cfˆgf lgs6td ;'kl/j]IfsnfO{ tTsfn}
To; s'/fsf] hfgsf/L lbg'kg]{ 5 .
t/, lgs6td ;'kl/j]Ifsn] lghsf] ljQLo :jfy{ ufFl;Psf] 5 egL k|dfl0ft gu/];Dd ;fj{hlgs ?kdf
lgisfzg ul/Psf z]o/÷C0fkqx?sf] sf/f]af/sf] xsdf o; lsl;dsf] k|ltjGw nfu" x'g]5}g .
-3_ cfk"m sfo{/t /x]sf] Ohfhtkqk|fKt ;+:yfsf] cltl/Qm cGo s'g} klg :yfgdf k"0f{sfnLg ?kdf
Joj;fo ;+rfng ug'{ x'Fb}g .

95
-#_ cf+lzs ?kdf sfd ug{ :jLs[lt lng'kg]{
Ohfhtkqk|fKt ;+:yfsf sd{rf/Ln] ;f] ;++:yf afx]s cGo s'g} klg ;+:yfdf cf+lzs ?kdf sfd ug{' jf cGo
Joj;flos ultljlwdf ;+nUg x'g'eGbf klxn] Ohfhtkqk|fKt ;+:yfsf] Joj:yfkgaf6 lnlvt :jLs[lt lng'kg]{ 5
. cfkm\gf] ;+:yfsf] lxtdf k|lts'n c;/ gkg]{ ePdf dfq lghnfO{ cf+lzs ?kdf sfd ug{ lnlvt :jLs[lt lbg
;Sg]5 .
-$_ sd{rf/L ;+rfns x'g kfpg] jf gkfpg] ;DaGwL Joj:yf
o; a}+saf6 Ohfhtkqk|fKt ;+:yf jf To:tf] ;+:yfsf] clwsfFz :jfldTj jf lgoGq0fdf /x]sf] ;+:yfsf]
axfnjfnf sd{rf/L s'g} klg Ohfhtkqk|fKt ;+:yfsf] ;~rfns,;Nnfxsf/ x'g kfpg] 5}g .
t/, b]xfo adf]lhd x'g o; lgb]{zgn] afwf k'¥ofPsf] dflgg] 5}g M–
-s_ k|rlnt sfg'g adf]lhd Ohfhtkqk|fKt ;+:yfn] :yfkgf u/]sf] ;xfos sDkgLx?sf] ;~rfns x'g,
-v_ g]kfn ;/sf/sf] nufgL ePsf Ohfhtkqk|fKt ;+:yfn] csf]{ s'g} Ohfhtkqk|fKt ;+:yfdf nufgL
u/]sf] sf/0fn] To:tf] Ohfhtkqk|fKt ;+:yfdf ;~rfns dgf]gog ug'{ kbf{ g]kfn ;/sf/sf]
:jLs[lt lnO{ cfˆgf] s'g} ;+rfns To:tf] csf]{ Ohfhtkqk|fKt ;+:yfsf] ;+rfnsdf dgf]gog x'g,
jf
-u_ gfkmf sdfpg] p2]Zo gePsf ;fdflhs ;]jfdf ;+nUg ;+:yfx? h:t}M wfld{s, ;f+:s[lts, z}lIfs,
k/f]ksf/L h:tf ;+:yfx?sf] lgodsf] kl/lw leq /xL ;~rfns x'g .
-%_ ;+/Ifssf] x}l;otdf /xg gx'g]
sd{rf/Lx?n] u|fxssf] hdLg tyf hfoh]yf ;DaGwL sf/f]af/df k|zf;s jf ;+/Ifssf] x}l;otn] ;+nUg x'g'
x'Fb}g . t/ sy+sbflrt o:tf] sfo{df ;+nUg x'g' k/]df sfo{sf/L k|d'vaf6 To;sf] lnlvt :jLs[lt lng'kg]{ 5 .
-^_ kbsf] b'?kof]u ug{ gx'g]
sd{rf/Ln] cfˆgf] kb / gfd b'?kof]u u/L s'g} klg lsl;dsf] JolQmut kmfObf x'g] lqmofsnfkdf ;+nUg
x'gkfOg] 5}g . Ohfhtkqk|fKt ;+:yfsf sd{rf/L jf lghsf gft]bf/n] ;d]t lghx? axfn /x]sf]
Ohfhtkqk|fKt ;+:yf;Fu sf/f]af/ ubf{ kfl/jfl/s ;DaGwsf] k|efj kfg{ kfOg] 5}g . ;fy}, ;fdfgx?sf] vl/b
ljqmL ubf{, z]o/ nufot cGo k||Tofe"lt sf/f]jf/df k|fyldstf kfpg jf lbgsf nflu kbsf] pkof]u
ug{kfOg] 5}g . o;}u/L ;'g, rfFbL, ljb]zL ljlgdo / ljb]zL ;'/If0fkqx?sf] ;§fk§f ubf{ kbLo k|efj kfg{
kfOg] 5|}g .
-&_ ;"rgfsf] b'?kof]u ug{ gx'g]
sd{rf/Ln] Ohfhtkqk|fKt ;+:yfsf] sf/f]af/sf] l;nl;nfdf k|fKt s'g} klg ;"rgfsf] b'?kof]u ug{ tyf
s'g} klg ;"rLs[t ePsf] sDkgL jf ;"rLs[t x'g afFsL /x]sf] sDkgLsf] lwtf]kq Joj;foLsf] ?kdf
sf/f]af/df ;+nUg x'gkfOg] 5}g . lghx?n]] sfdsf] l;nl;nfdf afx]s cfk"m dftxtsf sd{rf/LnfO{
;d]t uf]Ko /fVg'kg]{ ;"rgf tyf clen]vsf] hfgsf/L lbg' x'Fb}g .
-*_ clen]v / sf/f]af/sf] k|ltj]bg /fVg'kg]{
Ohfhtkqk|fKt ;+:yfsf] n]vf ;DaGwL clen]v / k|ltj]bg k"0f{ Pj+ b'?:t x'g'kg]{ 5 . sd{rf/Ln]
cgflws[t ?kdf Ohfhtkqk|fKt ;+:yfsf] n]vf clen]v / sfuhftdf JolQmut ?kdf yk36 ug{kfOg]
5}g . o:tf] u/]df k|rlnt sfg'g adf]lhd ;hfosf] efuL x'g]5 .
-(_ uf]klgotf sfod /fVg'kg]{
-s_ Ohfhtkqk|fKt ;+:yfsf sd{rf/Ln] k|rlnt sfg'g adf]lhd u|fxssf] ;"rgf / u|fxs;+u ePsf]
sf/f]af/sf] uf]kgLotf sfod /fVg'kg]{ 5 . lgh ;]jfaf6 lgj[Q eO;s]kl5 klg To:tf] sf/f]jf/sf]
uf]klgotf -k|ltlnlk clwsf/, cGo kqfrf/, n]vf / u|fxs;Fu ePsf] cGo sf/f]af/sf] laj/0f_ cfˆgf] jf
c? s;}sf] ljQLo :jfy{sf] nflu k|of]u ug{kfOg] 5}g .
-v_ s'g} u|fxssf] Joj;flos jf ljQLo ;"rgf u|fxssf] lnlvt :jLs[lt lnP/ cGo JolQm jf ;+:yfnfO{
lbg;lsg] 5 .
t/, k|rlnt sfg'gsf] clwgdf /xL a}+lsË sf/f]af/ ;DaGwL laj/0fx? t];|f] kIfnfO{ pknAw u/fpFbf
uf]kgLotf eË ePsf] dflgg] 5}g .
-!)_ lgikIf / ;dfg Jojxf/ ug'{kg]{
sd{rf/Lx?n] u|fxs;Fusf] ldqtf / ;DaGwaf6 k|efljt geO{ lgikIf Pj+ ;dfgtfsf] cfwf/df
Jofj;flos sf/f]af/ ug'{kg]{ 5 .
96
-!!_ lnlvt ?kdf hfgsf/L lbg'kg]{
Ohfhtkqk|fKt ;+:yfn] dfly n]lvP adf]lhdsf] sd{rf/Ln] cfr/0f ;DaGwL Joj:yf :jLsf/ u/]sf] tyf
cfjZos b]v]df cfˆgf] cfGtl/s sfo{ k|0ffnLsf] nflu yk cfr/0f ;DaGwL Joj:yf tof/ u/L ;f] :jLsf/
u/]sf] hfgsf/L o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefunfO{ lnlvt
?kdf hfgsf/L lbg'kg]{ 5 .
-!@_ cfr/0f ;DaGwL Joj:yf kfngf eP÷gePsf] hfgsf/L lbg'kg]{
Ohfhtkqk|fKt ;+:yfsf sd{rf/Ln] o; lgb]{zgdf tf]lsPsf cfr/0fx? clgjfo{ ?kdf kfngf u/]
gu/]sf] laj/0f cfly{s jif{ ;dfKt ePsf] kGw| lbg leq clgjfo{ ?kdf o; a}+ssf] a}+s tyf ljQLo
;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefudf k7fpg' kg]{5 . s'g} sd{rf/Ln] pQm cfr/0fx?sf]
kfngf gu/]df ;f] ;DjGwL laj/0f / lghdfly ul/Psf] sf/jfxL af/]sf] hfgsf/L o; a}+ssf pk/f]Qm
ljefudf t'?Gt k7fpg'kg]{ 5 .
-!#_ sd{rf/LnfO{ shf{ k|bfg ug]{ ;DaGwdf
o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] cfˆgf sd{rf/LnfO{ sd{rf/L ljlgodfjnLdf plNnlvt
;fk6L÷;'ljwfsf cltl/Qm cfˆg} jf cGo s'g} a}+s tyf ljQLo ;+:yfdf /flvPsf] d'2tL /;Lb, ;'grfFbL tyf
g]kfn ;/sf/÷g]kfn /fi6« a}+sn] hf/L u/]sf] C0fkq÷artkqsf] lwtf]df shf{ k|bfg ug{;Sg] 5 .
%= n]vfk/LIf0f ;ldlt ;DaGwL Joj:yf
Ohfhtkqk|fKt ;+:yfsf] ;~rfns ;ldltn] u}/ sfo{sf/L ;~rfnssf] dftxtdf Pp6f n]vfk/LIf0f ;ldlt
u7g ug'{kg]{ 5 . ;f] ;ldltn] ;+:yfsf] cfly{s cj:yfsf] ;dLIff, cfGtl/s lgoGq0f, n]vfk/LIf0f ;DaGwL
sfo{qmd / n]vfk/LIf0fsf] kl/0ffd ;DaGwdf lj:t[t 5nkmn u/L Ohfhtkqk|fKt ;+:yfsf] Joj:yfkgnfO{
cfjZos lgb]{zg lbg]5 . Ohfhtkqk|fKt ;+:yfsf cfGtl/s / jfx\o n]vfk/LIfsx?n] ;f] ;ldltdf l;w} kx'Fr
/fVg ;Sg]5g\ . lghx?n] k]z ug]{ k|ltj]bg / o; ;ldltsf] k|ltj]bg pk/ Ohfhtkqk|fKt ;+:yfsf] ;~rfns
;ldltn] lj:t[t 5nkmn ug'{kg]{ 5 . Ohfhtkqk|fKt ;+:yfdf u7g x'g] n]vfk/LIf0f ;ldltdf sfo{sf/L
k|d'vnfO{ ;b:osf] ?kdf /fVg kfO{g] 5}g t/ cfjZostf k/]sf] cj:yfdf cfdlGqt ;b:osf] ?kdf af]nfpg
jfwf k'u]sf] dflgg] 5}g .
;ldltsf] k|d'v pQ/bfloTj
-s_ Ohfhtkqk|fKt ;+:yfsf] k|rlnt sfg'g adf]lhd ;du| ljQLo cj:yfsf] ;dLIff, cfGtl/s lgoGq0f,
n]vfk/LIf0f of]hgf / cfGtl/s n]vfk/LIf0fdf cf}+NofO{Psf ljifox?df ;dLIff u/L ;f] ;DaGwdf ckgfpg'
kg]{ sbd af/] ;~rfns ;ldltnfO{ ;'emfj lbg] .
-v_ afx\o n]vfk/LIfsn] k]z u/]sf] n]vfk/LIf0f k|ltj]bgdf cf}+NofOPsf a'Fbfx? pk/ ;dLIff u/L ;'wf/fTds
sbd rfNg] .
-u_ Ohfhtkqk|fKt ;+:yfsf] jflif{s k|ltj]bgnfO{ ;xL / oyfy{ agfpg ;3fpg] .
-3_ Ohfhtkqk|fKt ;+:yfsf] x/–lx;fj ;xL / oyfy{ ePsf] ;DaGwdf ;~rfns ;ldltnfO{ ljZj:t
t'Nofpg'sf] ;fy} ;Defljt bfloTj / shf{ juL{s/0f u/L /fVg'kg]{ Joj:yf ;DaGwdf lgoldt ?kdf
;dLIff ug]{ .
-ª_ o; a}+saf6 hf/L ul/Psf lgodg Joj:yfx? Ohfhtkqk|fKt ;+:Yffn] kfngf u/]÷gu/]sf] ;DaGwdf ;d]t
;ldltn] ;dLIff ug'{sf ;fy} ;f] ;DjGwL Aoxf]/f cfkm\gf] k|ltj]bgdf pNn]v ug'{kg]{ .
-r_ ;ldltn] Ohfhtkqk|fKt ;+:yfsf] sfd sf/jfxLdf lgoldttf, ldtJolotf, cf}lrTotf, k|efjsfl/tf h:tf
s'/fx? cjnDjg eP÷gePsf] jf/] ;ldIff u/L ;+rfns ;ldltnfO{ cfjZos ;'emfj lbg'kg]{ .
^= Ohfhtkqk|fKt ;+:yfn] b]xfo adf]lhd cfkm\gf ;~rfns, z]o/wgL, sd{rf/L Pj+ lgh;Fu ;DalGwt kmd{nfO{
shf{ k|bfg ug{ aGb]h nufO{Psf] 5 M–
-s_ b]xfosf cj:yfdf Ohfhtkqk|fKt ;+:yfsf ;~rfnsnfO{ shf{ ;fk6L÷u}/ sf]ifdf cfwfl/t ;'ljwf k|bfg
ug{ aGb]h ul/Psf] 5 .
-!_ ;~rfns / lghsf] Psf3/ kl/jf/sf ;b:onfO{,
-@_ ;~rfns jf lghsf] Psf3/ kl/jf/sf ;b:o Joj:yfks, ;fe]mbf/, Ph]G6 jf hdfgtstf{ ePsf]
jf lghsf] k|ToIf ljQLo :jfy{ ePsf] JolQm, kmd{, sDkgL jf ;+:yfnfO{,
-#_ ;~rfns jf lghsf Psf3/ kl/jf/sf ;b:on] kGw| k|ltzteGbf a9L z]o/ lnPsf] kmd{,
sDkgLnfO{ / ;+:yfnfO{
97
-$_ ;~rfns jf lghsf Psf3/ kl/jf/sf ;b:o hdfgt a;]sf] JolQm, kmd{ sDkgLnfO{ jf ;+:yfnfO{ .
-v_ b]xfosf cj:yfdf Ohfhtkqk|fKt ;+:yfsf ;+:yfks, z]o/wgL tyf sd{rf/LnfO{ shf{ tyf u}/sf]ifdf
cfwfl/t ;'ljwf k|bfg ug{ aGb]h ul/Psf] 5 M–
-!_ ;+:yfks jf ;+:yfks ;d"xsf z]o/wgL jf ljqmL ePsf] s'n z]o/sf] Ps k|ltzteGbf a9L z]o/
lnPsf z]o/wgL tyf lghsf kl/jf/sf ;b:o / sd{rf/LnfO{,
l6Kk0fLM
-s_ ;+:yfks, Ps k|ltzt jf ;f]eGbf a9L z]o/ lnPsf JolQm÷kmd{÷sDkgL÷;+:yf, sfo{sf/L
k|d'v, axfnjfnf n]vfk/LIfs tyf clws[t:t/sf sd{rf/L jf To:tf JolQmsf] kl/jf/sf
;b:o jf ;+rfns dgf]lgt jf lgo'lQm ug]{ clwsf/ kfPsf kmd{, sDkgL jf ;+:yfnfO{ shf{
jf ;'ljwf k|bfg ug{kfOg] 5}g .
-v_ s'n hf/L k"+hLsf] Ps k|ltzt eGbf a9L z]o/ wf/0f u/]sf JolQm÷kmd{÷sDkgL÷;+:yf,
Ohfhtkqk|fKt ;+:yfsf ;+:yfks jf ;+:yfks ;d"xsf z]o/wgLnfO{ o; a}+saf6 o;
;DjGwL lgb]{zg hf/L x'g' cufj} shf{ tyf u}/ sf]ifdf cfwfl/t ;'ljwf k|bfg eO{ /x]sf] 5
eg] To:tf shf{ tyf ;'ljwf ;fljss} e'QmfgL tflnsf cg';f/ jf @)^& cfiff9 dWo] h'g
ldlt cufl8 k5{ ;f]xL ldlt leq clgjfo{ ?kn] km5\of}{6 ug'{kg]{ 5 .
-u_ ljutdf s'n hf/L k"+hLsf] Ps k|ltzt eGbf sd z]o/ wf/0f u/]sf Ohfhtkqk|fKt ;+:yfsf
;+:yfks jf ;+:yfks ;d"xsf z]o/wgLnfO{ k|bfg ePsf] shf{ tyf u}/ sf]ifdf cfwfl/t
;'ljwfsf] lj:t[t ljj/0f jfli{fs ljQLo ljj/0fdf v'nfpg'kg]{ 5 .
-@_ ljqmL ePsf] z]o/sf] Ps k|ltzteGbf a9L z]o/ lnPsf] z]o/wgL / Ohfhtkqk|fKt ;+:yfsf
sd{rf/L ;fem]bf/ ePsf] jf hdfgt a;]sf] jf cGo lsl;dsf] ljQLo :jfy{ ePsf] JolQm, kmd{,
sDkgL jf ;+:yfnfO{,
-#_ o; a}+sn] lgb]{zg lbPsf]df afx]s Ohfhtkqk|fKt ;+:yfsf z]o/wgL / sd{rf/Ln] kGw| k|ltzt eGbf
a9L z]o/ lnO{ dtflwsf/ lnPsf] kmd{, sDkgL jf ;+:yfnfO{,
-u_ Ohfhtkqk|fKt ;+:yfsf ;+:yfks, ;~rfns, sfo{sf/L k|d'v / lghsf] kl/jf/sf ;b:ox?sf] :jfldTjdf
/x]sf] ;DklQsf] lwtf]df ;f]xL ;+:yfaf6 lwtf] /fvL shf{ k|jfx ug{kfOg] 5}g .
t/, cfˆg} Ohfhtkqk|fKt ;+:yfsf] d'2tL lgIf]ksf] /l;b, ;'g rfFbLsf] lwtf]df shf{ k|bfg ug{ tyf zt
k|ltzt gub dflh{gdf hdfgt hf/L ug{ / g]kfn ;/sf/ tyf g]kfn /fi6« a}+s C0fkqsf] lwtf]df shf{
k|bfg ug{ o; v08df ePsf] s'g} klg Joj:yfn] afwf k'¥ofpg] 5}g .
-3_ sfo{sf/L k|d'v / Ohfhtkqk|fKt ;+:yfsf sd{rf/Lx?nfO{ Ohfhtkqk|fKt ;+:yfsf] sd{rf/L ljlgodfjnL
cg';f/ ;'ljwfo'Qm ;fk6L k|bfg ug{ of] lgb]{zgn] afwf k'¥ofPsf] dflgg] 5}g .
pk/f]Qm Joj:yfsf cltl/Qm ;/sf/sf] 3f]lift p2]Zo k"/f ug{ :yfkgf ePsf ljsf;d"ns ;+:yf jf
sDkgLnfO{ shf{ k|bfg ug{ o; a}+sn] 5'6 lbg;Sg] 5 .
&= cfrf/;+lxtf tyf ;'zf;g ;DaGwL yk Joj:yf
!= o; a}saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?sf] ;d]t ;'zf;g sfod ug]{ sfo{df e"ldsf /x]sf]
x'Fbf ;'zf;g P]g cg';f/ cf–cfkm\gf] ;+:yfdf cfrf/;+lxtf lgdf{0f u/L nfu" ug]{ .
@= cf–cfkm\gf] ;+:yfdf ;'zf;g PsfO u7g u/L ;'zf;gsf] l:ylt af/] dfl;s ?kdf cg'udg ub}{ hfg] .
#= o; a}+ssf] lg/LIf0f k|ltj]bgdf p7fO{Psf laifox?nfO{ tbf?stfsf ;fy sfof{Gjog ug]{ .
*= a}+s jf ljQLo ;+:yfsf ;+rfns, sfo{sf/L k|d'v, n]vfk/LIfs, sDkgL ;lrj jf a}+s jf ljQLo ;+:yfsf]
Joj:yfkg tyf n]vf ;DaGwL sfo{df k|ToIf ?kn] ;+nUg JolQm jf lghx?sf] kl/jf/sf ;b:ox? jf
lghx?sf] :jfldTj÷ lgoGq0fdf /x]sf] ;+3÷;+:yfn] lghx? To:tf] kbdf axfn /x]sf] jf kbaf6 cjsfz
ePsf] Ps jif{;Dd b]xfosf sfo{x? ug{÷u/fpg k|ltaGw nufOPsf] 5 .
!= ;DalGwt a}+s jf ljQLo ;+:yf jf To;sf] ;xfos sDkgLsf] lwtf]kq v/Lb jf ljqmL ug{÷u/fpg .
@= ;DalGwt a}+s jf ljQLo ;+:yf jf To;sf] ;xfos sDkgLsf] lwtf]kq lwtf] aGws /fVg, /fVg nufpg jf
bfg as; lng lbg .
#= ;DalGwt a}+s jf ljQLo ;+:yf jf To;sf] ;xfos sDkgLsf] lwtf]kq;+u ;DalGwt cGo s'g} lsl;dsf]
n]gb]g ug{÷u/fpg .

98
o;/L a}+s tyf ljQLo ;+:yf jf ;f] sf] ;xfos sDkgLsf] lwtf]kq lwtf] aGws /fvL shf{ k|jfx ug]{ a}+s jf
ljQLo ;+:yfn] lwtf]kq /f]Ssfsf] nflu ;DalGwt a}+s jf ljQLo ;+:yfdf n]vL k7fpFbf dfly pNn]lvt kbdf
/x]÷g/x]sf] / g/x]sf] eP 5f]8]sf] Ps jif{ k'/f eP÷gePsf] hfgsf/L ;d]t dfu ug'{kg]{ . pk/f]Qm adf]lhdsf]
hfgsf/L dfu eO{ cfPdf ;DalGwt a}+s jf ljQLo ;+:yfn] To:tf] hfgsf/L lbg'kg]{ .
;fy}, of] kl/kq hf/L x'g'k"j{ o;/L lwtf]kq lwtf] /fvL sf/f]jf/ ul/Psf] ePdf @)^^ cfiff9 d;fGt
jf e'QmfgL cjlwdWo] h'g cufl8 x'G5, ;f] ;do;Dddf cfjZos k|lqmof k"/f u/L To:tf] lwtf]kq k'ms'jf
ul/;Sg'kg]{ . cGoyf,
-s_ ;DalGwt a}+s jf ljQLo ;+:yfn] ;DalGwt JolQm÷;+:yfnfO{ a9Ldf k}tL; lbg leqdf pQm shf{ r'Qmf
ug{ ;"rgf hf/L ug'{kg]{ .
-v_ v08 -s_ adf]lhd ;"rgf hf/L u/]kl5 ;DalGwt a}+s jf ljQLo ;+:yfn] tf]lsPsf] ;dofjlwleq
;DalGwt JolQm÷;+:yfaf6 pQm shf{ /sd r'Qmf u/fO{ ;Sg'kg]{ .
-u_ v08 -v_ cg'?k gePdf To;kl5sf] ;ft lbg leqdf To;/L ;'/If0f /flvPsf] lwtf]kq lwtf]kq ljlgdo
ahf/ dfkm{t ljqmL u/L shf{ c;"npk/ u/L ;Sg'kg]{ .
-3_ v08 -u_ cg'?k shf{ c;'npk/ gePdf To:tf] shf{sf] nflu !)) k|ltzt shf{ gf]S;fgL Joj:yf
sfod ug'{kg]{ .
t/, k|rlnt sfg'g cg';f/ c+za08f eO{ 5'§LO{ leGg a;]sf] lnvt k|df0f k]z ePsf] cj:yfdf lwtf]kq
v/Lb jf ljqmL ug{÷u/fpg, lwtf] aGws /fVg, /fVg nufpg jf bfg as; lng÷lbg / cGo s'g}
lsl;dsf] n]gb]g ug{÷u/fpg afwf k'u]sf] dflgg] 5}g .
(= a}+s tyf ljQLo ;+:yfsf ;+rfnsx?n] cfkm\gf] af/]df o;};fy ;+nUg :j3f]if0ff -Self-Declaration_
u/]÷u/fPsf] ljj/0f -cg';"rL !_ ;lxtsf] hfgsf/L tyf ;DalGwt ;+:yfn] cfkm\gf ;+rfnsx?sf] ;DaGwdf
tof/ u/]sf] btf{÷nut lstfjsf] 9fFrf -cg';"rL @_ ;lxtsf] ljj/0f o; a}+sdf k]z ug'{kg]{ 5 .
!)= Ohfhtkqk|fKt a+}s tyf ljQLo ;+:Yffx?n] cfkm\gf] lgodfjnLdf tf]lsP adf]lhd ;+rfns ;ldltsf] cWoIf,
;+rfns, j}slNks ;+rfns a}7sdf pkl:yt eP afkt kfpg] a}7s eQf, ;+rfns sfo{sf/L eO{ sfo{ u/]df
kfl/>lds ;d]t / 6]lnkmf]g vr{, df]jfOn vr{, kqklqsf vr{ Pj+ ;+:yfsf] sfddf :jb]z / ljb]zdf e|d0f
ubf{ nfUg] vr{ h:tf cGo ;'ljwf afx]s u}/sfo{sf/L cWoIf tyf cGo ;+rfnsx?n] JolQmut kmfObf x'g]
cfly{s / u}/ cfly{s s'g} klg k|s[ltsf ;'ljwf lng kfOg] 5}g . o;/L cfly{s / u}/ cfly{s ;'ljwf lnPsf]
v08df a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf @$ sf] pkbkmf -!_ sf] Joj:yf pNn+3g u/]sf]
dflgg]5 . o;/L lnPsf] cfly{s tyf u}/ cfly{s ;'ljwf a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf
@! sf] pkbkmf -@_ adf]lhd s;"/ u/]sf] dfgL c;'npk/ ug]{ .
!!= Ohfhtkqk|fKt ug]{ qmddf /x]sf a}+s tyf ljQLo ;+:yfsf k|:tfljt ;+rfns÷jf k|jGw ;+rfnsx?n] ljQLo
sf/f]jf/ ug]{ Ohfhtkqk|fKt gu/];Dd s'g} klg k|sf/sf] kfl/>lds, eQf tyf cGo cfly{s ;'ljwfx? lng
kfOg] 5}g . k|:tfljt ;+:yfdf sfo{/t sd{rf/Lx?n] k|:tfljt ;+rfns ;ldltn] lg0f{o u/] adf]lhdsf]
kfl/>lds lng eg] afwfkg]{ 5}g . ljQLo sf/f]af/sf] Ohfhtkqk|fKt u/L ;s]sf t/ ;j{;fwf/0fdf
;fj{hlgs z]o/ lgisfzg gu/]sf ;+:yfsf ;+rfns, k|jGw ;+rfns tyf k|d'v sfo{sf/L clws[t nufotsf
clwsf/Lx?n] k|fKt ug]{ kfl/>lds, eQf tyf cGo cfly{s ;'ljwfx? pQm ;+:yfsf] ;j{;fwf/0f z]o/wgLsf]
k|ltlglwTj ePsf] k|yd ;fwf/0f;ef ;DkGg geP;Dd a[l4 ug{ kfO{g] 5}g .
!@= o; a}+sn] k|sflzt ug]{ u/]sf] Joj;flos ljz]if1 tyf n]vfk/LIfssf] ;"rLdf /x]sf JolQm tyf lgh ;xefuL
x'g] jf ePsf] ;fem]bf/L kmd{, sDkgL tyf ;+:yfx? ;d]tnfO{ ljkIfL agfO{ clVtof/ k|fKt lgsfon] d'2f bfo/
u/]df :jtM o; a}+sn] k|sflzt ug]{ ;"rLaf6 x6fOg] 5 . ;kmfO{ kfPsf] v08df cflwsfl/s kq k|fKt eP
kl5 :jtM ;"rLdf ;dfa]z ul/g] 5 . t/, d'2f bfo/ x'g'eGbf cufl8 a}+s tyf ljQLo ;+:yfx?sf]
;fwf/0f;efaf6 n]vfk/LIfs lgo'lQm ePsf] xsdf eg] sfd ;DkGg ug{ o; Joj:yfn] s'g} jfwf kfg]{ 5}g .
!#= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] ;+:yfut ;'zf;g ;DaGwL hf/L ul/Psf]
O=k|f=lgb]{zg g+= ^÷)^!÷^@ adf]lhdsf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;}
ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

99
cg';"rL – !
>L ;~rfns ;ldlt, ldlt M @)^=====÷====÷======
===================a}s÷ljQLo ;+:yf lnld6]8,
=====================================.
laifo M hfgsf/L u/fPsf] af/] .

pk/f]Qm ;DaGwdf d ========================================================n] o; a}+s÷ljQLo ;+:yfsf] ;~rfnssf] kbdf ldlt


@)^===÷====÷=====af6 jxfn u/]sf]n] a}s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf @@ jdf]lhd b]xfosf ljifox?sf]
af/]df hfgsf/L u/fPsf] 5' .
-!_ o; a}+s÷ljQLo ;+:yf;+u d jf d]/f] kl/jf/sf] s'g} ;b:on] s'g} lsl;dsf] s/f/ u/]sf] jf ug{ nfu]sf] 5}g .
-@_ a}s÷ljQLo ;+:yfsf] sfo{sf/L k|d'v, k|jGw ;+rfns jf sDkgL ;lrj, n]vfk/LIfs tyf dxfk|aGwssf] lgo'lQmsf]
;DaGwdf d]/f] s'g} k|sf/sf] :jfy{ jf ;/f]sf/ 5}g .
-#_ d / d]/f] kl/jf/sf] s'g} ;b:on] o; a+}s÷ljQLo ;+:yfsf] z]o/ ;+Vof===================lnPsf]] 5'÷5f}+, ;f] afx]s a}+ssf]
cGo z]o/ jf l8aGr/ lnPsf] 5}g .
-$_ d o; afx]s g]kfn /fi6« a}saf6 :jLs[t k|fKt s'g} a}+s tyf ljQLo ;+:yfsf] ;+rfns 5}g÷5' .
-/x]sf] eP v'nfpg] =========================================================================_
-%_ d]/f] kl/jf/sf] s'g} klg ;b:on] o; a}s÷ljQLo ;+:yfsf] kbflwsf/L÷sd{rf/Lsf] x}l;otn] sfd u/]sf 5g\÷5}gg\ . -
/x]sf] eP v'nfpg] =========================================================================_
-^_ a+}s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf !*-ª_ adf]lhd d o; afx]s cGo s'g} klg k|sf/sf] lgIf]k
;DaGwL Aoj;fo ;+rfng ug]{ ;+:yfsf] -k|rlnt sfg'g adf]lhd jrt tyf C0fsf] sf/f]af/ ug]{ ;xsf/L ;+:yf
;d]tsf]_ ;+rfns, sd{rf/L jf axfnjfnf n]vfk/LIfs jf ;Nnfxfsf/sf] kbdf /x]sf] 5}g . ;fy}, o; ;+:yfsf]
;+rfns /x];Dd d cGo s'g} k|sf/sf] jrt tyf C0f ;DaGwL sf/f]af/ ug]{ ;+:yfsf] ;+rfns x'g] 5}g .
-&_ dfly 3f]if0ff ul/Psf÷k]z ul/Psf laj/0fx? 7Ls ;f+rf] xf], em'¶f 7xl/Pdf sfg'g adf]lhd ;x'Fnf a'emfpFnf .

==================================
-;~rfns_
==============a}+s÷ljQLo ;+:yf lnld6]8

-b|i6Ao M of] laj/0f a}+s jf ljQLo ;+:yfsf] ;+rfnssf] kbdf lgjf{lrt jf dgf]lgt ePsf] ldltn] & lbg leq / kl/jt{g
ePdf kl/jt{g ePsf] ldltn] & lbg leq ;DalGwt a}+s jf ljQLo ;+:yfdf k]z ug'{kg]{ 5 . ;fy}, a}+s tyf ljQLo ;+:yfn]
;+rfnsaf6 of] laj/0f k|fKt ePsf] ldltn] & lbg leq o; a}s ;dIf k]z ug'{kg]{ 5 ._

cg';"rL – @
==================a}+s÷ljQLo ;+:yf lnld6]8
;+rfnsx?sf] btf{÷nut lstfj
s|=;+= ;+rfnssf] gfd, y/ k]zf, Joj;fo ;+rfns lgo'Qm ePsf] ldlt ;+rfnsaf6 x6]sf] ldlt

100
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f=lgb]{zg g+= &÷)^^

laifo: Ohfhtkqk|fKt ;+:yfsf] lg/LIf0f tyf ;'kl/j]If0fsf] qmddf lbOPsf lgb]{zgx? nfu" ug]{ sfo{ tflnsf
;DaGwL Joj:yf .
o; a}+sn] lg/LIf0f tyf ;'kl/j]If0fsf] qmddf lbOPsf] lgb]{zgx?nfO{ b]xfo adf]lhd nfu" ug{÷u/fpg g]kfn
/fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= lg/LIf0f k|ltj]bg pk/sf] k|lts[of :ynut lg/LIf0f k|ltj]bg k|fKt ePsf] ldltn] a9Ldf tL; lbgleq
Ohfhtkqk|fKt ;+:yfsf] ;~rfns ;ldltn] pQm k|ltj]bgdf plNnlvt s}lkmotx?sf] ;'wf/ tyf lbPsf
lgb]{zgx?sf] kfngf u/L ;f] lg/LIf0f k|ltj]bgdf p7fOPsf a'Fbfx?sf] ;'wf/sf] l:ylt ;lxtsf] k|ltlqmof o;
a}+ssf] ;DjlGwt ;'kl/j]If0f ljefudf k7fpg'kg]{ 5 . tf]lsPsf] ;doleq cfjZos ;'wf/ u/L k|ltlqmof
k7fpg g;Sg] cj:Yff ePdf Ohfhtkqk|fKt ;+:yfn] o; a}+ssf] :jLs[lt lnO{ k|fKt ePsf] cjlwleq pQm
k|ltj]bg o; a}+sdf k]z ug'{kg]{ 5 .
@= shf{ gf]S;fgL] Joj:yf
lg/LIf0f k|ltj]bg dfk{mt yk shf{ gf]S;fgL Joj:yf ug]{ lgb]{zg k|fKt ePdf rfn' q}dfl;s lx;fjdf yk shf{
gf]S;fgL Joj:yf u/L ;f]sf] hfgsf/L o; a}+sdf lbg'kg]{ 5 .
#= Loan Portfolio ;'wf/ of]hgf
lg/LIf0f k|ltj]bg dfk{mt lgb]{zg k|fKt ePsf] tL; lbgleq ;+:yfn] tLg dlxgfn] efvf gf3]sf æsÆ ju{sf
Ohfhtkqk|fKt ;+:yfsf] xsdf Ps s/f]8 ?k}ofF jf ;f] eGbf dflysf / cGo ju{sf Ohfhtkqk|fKt ;+:yfsf]
xsdf krf; nfv ?k}ofF jf ;f] eGbf dflysf ;a} shf{x?sf] l:ylt ;'wfg]{ of]hgf agfO{ o; a}+ssf ;DalGwt
;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 . ;f] cjlw leq o; a}+saf6 lg/LIf0f eO{ yk lgb]{zg k|fKt ePdf juL{s[t
shf{x?sf] /sd / juL{s/0fdf cfPsf] kl/jt{g ;dfj]z ePsf] ;+zf]lwt of]hgf tL; lbg leq o; a}+ssf]
;DalGwt ;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 .
$= k'FhLsf]ifsf] kof{Kttf
lg/LIf0f k|ltj]bg dfk{mt lgb]{zg k|fKt ePsf] a9Ldf k}+lt; lbgleq Ohfhtkqk|fKt ;+:yfn] kof{Kt k'FhLsf]if
sfod /fVgsf] nflu cGo s'/fx?sf] cltl/Qm b]xfosf ljifox? ;d]t ;dfj]z ePsf] lnlvt k'FhL of]hgf o;
a}+ssf] ;DalGwt ;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 M–
-s_ kof{Kt k'FhLsf]if sfod ug{sf nflu xfn / eljiodf cfjZos kg]{ k'FhLsf] laj/0f,
-v_ juL{s[t tyf k'gMjuL{s[t ;DklQsf] laj/0f,
-u_ ;l~rt gfkmfsf] cg'dflgt /sd /
-3_ o; ;DaGwL lgb]{zgdf Joj:yf eP cg';f/ eljiodf cfjZos kg]{ k'FhL k"/f ug{ Joj:yf ul/Psf]
cltl/Qm ;|f]t / ;do tflnsf .
%= ;DklQ÷bfloTj Joj:yfkg
lg/LIf0f k|ltj]bg dfk{mt lgb]{zg k|fKt ePsf] tL; lbg leq Ohfhtkqk|fKt ;+:yfn] kof{Kt t/ntf sfod /fVg
cfkm\gf] ;DklQ÷bfloTj Joj:yfkg gLlt tyf sfo{ljlwdf cfjZostf cg';f/ ;+zf]wg u/L b]xfosf ljifox?
o; a}+ssf] ;DalGwt ;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 . pQm ;+zf]wgdf cGo ljifox?sf] cltl/Qm b]xfosf
s'/fx? Wofg k'¥ofpg'kg]{ 5 M–
-s_ C0f lnOPsf] /sd (Borrowed Funds) sf] nfut tyf pkof]u,
-v_ e}kl/ cfpg] cfjZostf k"/f ug{ rflxg] t/n ;DklQsf] kl/df0f,
-u_ lgIf]ksf] ;Defljt ptf/–r9fjsf] nflu kof{Kt t/ntfsf] Joj:yf ug{ cNksfnLg ljQLo ;|f]tsf]
Joj:yf,

101
-3_ shf{sf] kl/df0f / jf;nft aflx/sf sf/f]af/x?df nufgL ug{ cfjZos /sd / nufgLsf] ;|f]t aLrsf]
tfnd]n /
-ª_ Ohfhtkqk|fKt ;+:yfsf]] Joj:yfkgaf6 ;~rfns ;ldlt ;dIf lgoldt ?kdf ;DklQ÷bfloTj ;DaGwL
k|ltj]bg k]zug]{ Joj:yf .
^= cfGtl/s n]vfk/LIf0f tyf lgoGq0f
Ohfhtkqk|fKt ;+:yfsf sd{rf/Lx?n] ljBdfg gLlt, lgod tyf sfg'gL k|fjwfgsf] bfo/fleq sfo{ ;Dkfbg
u/L cfGtl/s lgoGq0f k|0ffnLdf k|efjsf/Ltf Nofpg ;lsg] u/L sfo{ljlwsf] ljsf; ug'{kg]{ 5 . pQm sfo{ljlw
cGtu{t slDtdf b]xfosf ljifox? ;dfj]z ePsf] x'g'kg]{ 5 M–
-s_ ;+:yfsf]] oyfy{ cj:yfsf] lrq0f ug]{ tyf ;DklQ ;'/lIft x'g] u/L Ohfhtkqk|fKt ;+:yfsf]] Joj:yfkg
tyf n]vf lgoGq0f k|0ffnLsf] ;dLIff ;DaGwL sfo{ljlw .
-v_ tYofÍsf] ljZj;lgotf hfFr ug]{ sfo{ljlw .
-u_ shf{ k|jfx, sf]if ;+rfng (Treasury Operation), ljb]zL ljlgdo Joj:yfkg, t/ntf Joj:yfkg,
k'FhLsf]ifsf] kof{Kttf, sd{rf/L, Joj:yfkg ;"rgf k|0ffnLsf ;fy} a}+lsË lgod sfg'gx?sf] kfngf
;DaGwL Jojxf/ hfFra'em ug]{ sfo{ljlw .
-3_ ;DklQsf] u'0f:t/ ;dLIff sfo{ljlw .
-ª_ ljQLo hf]lvd Joj:yfkg -t/ntf, ;DklQ÷bfloTj, ljb]zL d'b|f Joj:yfkg_ sf] ;dLIff ;DaGwL
sfo{ljlw .
&= of]hgf, gLlt tyf sfo{ljlwx?sf] sfof{Gjog
bkmf # b]lv ^ ;Dd pNn]v eP adf]lhd lg/LIf0f k|ltj]bgn] dfu u/]sf] of]hgf, gLlt tyf sfo{ljlwx?
;dLIffsf] nflu o; a}+ssf] ;DjlGwt ;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 .
*= k|ult laj/0fsf] cg'udg
o; a}+saf6 a}+s tyf ljQLo ;+:yfsf] sf/f]jf/ / k|ult ljj/0f ;DjGwdf lg/Gt/ ?kdf cg'udg ul/g] 5 .
o; a}+sn]] ;DjlGwt Ohfhtkqk|fKt ;+:yfsf] k|To]s b'O{ dlxgfdf lqmofsnfk, of]hgf, gLlt tyf o; a}+sn]
lbPsf] lgb]{zg sfof{Gjogsf] cg'udg u/L lbPsf] ;'emfj sfof{Gjog ug'{ u/fpg' kg]{5 . ;fy} o; a}+sn]
lgb]{zg lbPsf] cj:Yffdf q}dfl;s k|ult ljj/0f / lgb]{zgsf] sfof{Gjog l:yltsf] k|ltj]bg ;d]t tf]lsPsf]
cjlw leq pknAw u/fpg'kg]{ 5 .
(= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] Ohfhtkqk|fKt ;+:yfsf] lg/LIf0f tyf
;'kl/j]If0fsf] qmddf lbOPsf lgb]{zgx? nfu" ug]{ sfo{ tflnsf ;DaGwL hf/L ul/Psf] O=k|f=lgb]{zg g+=
&÷)^!÷^@ adf]lhdsf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;} ljifo;+u
;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd eP
u/]sf] dflgg] 5 .

102
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f= lgb]{zg g+= *÷)^^


laifo:- nufgL;DjGwL Joj:yf .

o; a}+saf6 Ohfhtkqk|fKt ;+:yfsf] ljQLo ;|f]tsf] nufgLsf ;DjGwdf g]kfn /fi6« a}+s P]g, @)%* sf]
bkmf &( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= nufgL gLlt tyf sfo{ljlw :jLs[t u/fP/ dfq nfu" ug'{kg]{
Ohfhtkqk|fKt ;+:yfn] ;/sf/L C0fkq, g]kfn /fi6« a}+s C0fkq tyf ;+ul7t ;+:Yffx?sf] z]o/ tyf
l8a]~r/df nufgL ug]{ gLlt tyf sfo{ljlw ;~rfns ;ldltaf6 :jLs[t u/fP/ dfq nfu" ug'{kg]{ 5 .
@= ;/sf/L C0fkq / g]kfn /fi6« a}+s C0fkqdf nufgL ;DjGwL Joj:yf
Ohfhtkqk|fKt ;+:yfnfO{ ;/sf/L C0fkq / g]kfn /fi6« a}+s C0fkqdf nufgL ug{ s'g} aGb]h nufOPsf]
5}g .
#= ;+ul7t ;+:yfsf] z]o/ tyf l8a]~r/df nufgL ;DjGwL Joj:yf
-!_ Ohfhtkqk|fKt ;+:yfn] ;j{;fwf/0fdf z]o/ ljqmL u/L g]kfn lwtf]kq ljlgdo ahf/df ;"rLs[t
eO;s]sf] ;+ul7t ;+:yfsf] z]o/ tyf l8a]~r/df dfq nufgL ug{'kg]{ 5 .
t/, Ohfhtkqk|fKt ;+:yfn] lwtf]kq ljlgdo ahf/df ;"rLs[t eO{g;s]sf] s'g} ;+ul7t ;+:yfsf] z]o/ tyf
l8a]~r/df nufgL] u/]df nufgL u/]sf] ldltn] Ps jif{leq pQm z]o/ tyf l8a]~r/ ;"rLs[t gePsf]
v08df nufgL eP a/fa/sf] /sd nufgL ;dfof]hg sf]if v8f u/L ;f] sf]ifdf hDdf ug'{kg]{ 5 . To:tf]
sf]ifdf /x]sf] /sd pQm z]o/ tyf l8a]~r/ ;"rLs[t geP;Dd cGo pkof]u ug{ kfOg] 5}g .
gofF v'n]sf ;+ul7t ;+:yfdf u/]sf]] nufgLsf] xsdf To:tf] sDkgL ;+rfngdf cfPsf] ldltn] @ jif{
leq jf nufgL u/]sf] @ jif{ leqdf pQm z]o/ ;"rLs[t gePsf] v08df nufgL eP a/fa/sf] ;Dk"0f{
/sd nufgL ;dfof]hg sf]ifdf hDdf ug'{kg]{ 5 .
-@_ ævÆ ju{sf] Ohfhhtkqk|fKt ;+:yfx?n] a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf $& sf]
pkbkmf -@_ sf] v08 -z_ / æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfx?n] ;f]xL P]gsf] ;f]xL bkmfsf] pkbkmf
-#_ sf] v08 -k_ adf]lhd hUuf ljsf;, cfjf;Lo k|of]hgsf] nflu hUuf vl/b tyf 3/ lgdf{0f h:tf
kl/of]hgf ;+rfng ug]{ / To:tf 3/hUufsf] laqmL ljt/0f tyf Joj:yfkg ug]{ u/fpg] ;DaGwL sfo{
ubf{ ;DalGwt Ohfhtkqk|fKt ;+:yfn] cf-cfkm\gf] k|fylds k'FhLsf] @% k|ltzt eGbf a9L nufgL ug{
kfpg] 5}g .
-#_ Ohfhtkqk|fKt ;+:yfn] cfjf; ejg lgdf{0f tyf hUuf ljsf; (Housing and Land Development)
kl/of]hgfdf nufgL ubf{ cfkm\gf]] k|fylds k'FhLsf]] bz k|ltztdf ga9\g] u/L nufgL ug{ kfpg] 5 . t/
;f] ;LdfeGbf a9L nufgL u/]sf] kfOPdf a9L nufgL ePsf] /sd j/fj/ k'FhLsf]if u0fgf ubf{ k|fylds
k"‘hLaf6 36fO{ k'FhLsf]if sfod ul/g] 5 . o:tf] nufgL ubf{ klAns ln= sDkgLsf] ?kdf ;+:yfkgf
ePsf cfjf; ejg lgdf{0f tyf hUuf ljsf; sDkgLdf dfq ug'{kg]{ 5 .
-$_ Ohfhtkqk|fKt ;+:yfn] s'g} Ps ;+ul7t ;+:yfsf] z]o/ tyf l8a]~r/df nufgL ubf{ cfkm\gf]] k|fylds
k'FhLsf]] bz k|ltztdf ga9\g] u/L / ;j} ;+ul7t ;+:yfx?sf] z]o/ tyf l8a]~r/df a9Ldf cfkm|gf]
k|fylds k'FhLsf]] tL; k|ltztdf ga9\g] u/L nufgL ug'{kg]{ 5 . o;}u/L Ohfhtkqk|fKt ;+:yfn] ;+ul7t
;+:yfx?sf] z]o/ tyf l8a]~r/df nufgL ubf{ {nufgL x'g] ;+:yfsf] r'Qmf k"+hLsf] !) k|ltztdf ggf3\g]
u/L dfq nufgL ug'{kg]{ 5 . tf]lsPsf] ;LdfeGbf a9L nufgL u/]sf] kfOPdf o;/L a9L nufgL ePsf]
/sd j/fj/ k'FhLsf]if u0fgf ubf{ k|fylds k"‘hLaf6 36fO{ k'FhLsf]if sfod ul/g]5 . o; k|of]hgsf]
nflu k|fylds k"+hL u0fgf ubf{ cl3Nnf] q}odf;df sfod /x]sf] k|fylds k"+hLnfO{ cfwf/ dflgg] 5 .
t/ ljQLo :jfy{ ePsf] s+kgLsf] xsdf cfkm\gf] k|fylds k'FhLsf] jL; k|ltzt;Dd nufgL ug{ ;Sg]5 .
ljQLo :jfy{ ePsf] ;+ul7t ;+:yfx?sf] z]o/ tyf l8a]~r/df u/]sf] s'n nufgL /sdnfO{ k'FhLsf]if
u0fgf ubf{ k|fylds k'FhLaf6 36fO{ k'FhLsf]if sfod ug'{kg]{] 5 .
103
$= z]o/ tyf l8j]~r/ k|Tofe"lt ;DjGwL Joj:yf
-!_ æsÆ ju{sf] Ohfhtkqk|fKt ;+:yfnfO{ ;+ul7t ;+:yfsf] z]o/ tyf l8j]Gr/ k|Tofe"lt ug{ s'g} ;Ldf
nufO{Psf] 5}g t/ ævÆ / æuÆju{sf Ohfhtkqk|fKt ;+:yfsf] xsdf cfkm\gf] k|fylds k'FhLsf] b]xfo
jdf]lhd ;Ldf;Dd dfq k|Tofe"lt ug{ ;Sg] u/L ;Ldf lgwf{/0f ul/Psf] 5 .
Ohfhtkqk|fKt ;+:yf s'g} Ps ;+ul7t ;+:yf ;j} ;+ul7t ;+:yf
ævÆ ju{ jL; k|ltzt;Dd zt k|ltzt;Dd
æuÆ ju{ bz k|ltzt;Dd krf; k|ltzt;Dd
-@_ Ohfhtkqk|fKt ;+:yfn] pkbkmf -!_ adf]lhd k|Tofe"lt u/]sf] z]o/ ljqmL ljt/0f geO{ cfkm}n] vl/b
ug'{k/]df To;/L vl/b u/]sf] z]o/ æz]o/ k|Tofe"ltÆ u/]sf] ldltn] Ps jif{leq ljqmL ljt/0f u/L
;Sg'kg]{ 5 . tf]lsPsf] ;doleq ljqmL ljt/0f ug{ g;s]df tf]lsPsf] ;LdfeGbf a9L nufgL ePsf]
/sd k'FhLsf]if u0fgf ubf{ k|fylds k"‘hLaf6 36fO{ k'FhLsf]if sfod ul/g] 5 .
%= nufgLsf] k'g/fjnf]sg;DaGwL Joj:yf
Ohfhtkqk|fKt ;+:yfn] cw{jflif{s?kdf cfkm\gf] nufgLsf] k'g/fjnf]sg ug]{ Joj:yf ug'{kg]{ 5 . o;/L
k'g/fjnf]sg ubf{ Ohfhtkqk|fKt ;+:yfsf] cfGtl/s n]vfk/LIfsaf6 ljBdfg nufgL gLlt tyf o; lgb]{zg
adf]lhd nufgL ul/Psf] Joxf]/f k|dfl0ft u/fO{ cw{jflif{s cjlw ;dfKt ePsf]] Ps dlxgfleq ;+:yfsf]
Joj:yfkgjf6 :jLs[t u/fpg'kg]{ 5 . o;/L ;+:yfsf] Joj:yfkgjf6 :jLs[t u/]sf] lg0f{osf] k|ltlnlk k|To]s
jif{sf] kmfNu'0f !% / efb| !% ut]leq a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefudf
k]z ug'{kg]{ 5 .
^= z]o/ tyf l8a]~r/sf] d"NofÍg
Ohfhtkqk|fKt ;+:yfsf] z]o/ tyf l8a]~r/ sf/f]jf/nfO{ lgb]{zg kmf=g+= *=!, *=@ / *=# adf]lhd k|To]s
sDkgLsf] cnu\ cnu\ 5'6\ofO{ v/Lb d"No jf ahf/ d"No dWo] h'g sd x'G5 To;sf] cfwf/df cw{jflif{s
?kdf d"NofÍg u/L cfkm\gf] ;DklQdf b]vfpg'kg]{ 5 .
t/, s'g} sDkgLsf] z]o/ tyf l8a]~r/sf] v/Lb d"NoeGbf ahf/ d"No sd eO{ km/s kg{ cfPsf] /sdnfO{
gfkmf÷gf]S;fg lx;fadf vr{ n]vL nufgLdf æ;+efljt xfgL afkt Joj:yfÆ zLif{sdf hDdf ug'{kg]{ 5 .
&= :jk|of]hgsf] nflu l:y/ ;DklQ -3/ hUuf_ sf] vl/b÷nufgLsf] ;DaGwdf
a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# cGtu{t ;+:yfkgf ePsf tyf ;~rfngdf cfPsf a}+s tyf ljQLo
;+:yfx?n] b]xfosf zt{x? k'/f u/]sf] cj:yfdf cfˆgf] :jk|of]hgsf] nflu l:y/ ;DklQ -3/ hUuf_ sf]
vl/b÷nufgL ug{ kfpg] 5g .
-s_ a}+s÷ljQLo ;+:yf ;+:yfkgf ubf{sf] ;Dk"0f{ k"j{ ;~rfng vr{ (Pre operating expenses) ckn]vg
eO{;s]sf] .
-v_ k|aGwkq÷lgodfjnLdf pNn]v eP adf]lhdsf] z]o/ ;j{;fwf/0fdf hf/L u/L ;s]kl5sf] klxnf]
;fwf/0f ;ef ;DkGg ePsf] .
-u_ ;DklQ vl/b ubf{sf avt ;+:yf ;+rfng d'gfkmfdf /x]sf] x'g'kg]{ .
-3_ o; a}+sn] hf/L u/]sf] lgb]{zg adf]lhd k'FhLsf]if kof{Kt /x]sf] .
;fy}, pNn]lvt cj:yf k"/f gu/L l:y/ ;DklQ vl/b÷nufgL u/]df ;f] a/fa/sf] /sd k|fylds k'FhLsf]if
u0fgf ubf{ 36fpg'kg]{ 5 .
*= Cross Holding u/L nufgL ul//x]sf] ;+:yfks z]o/ ljqmL ;DaGwdf
a}+s tyf ljQLo ;+:yf ;DjGwL P]g, @)^# sf] bkmf $* sf] pkbkmf -!_ -5_ sfof{Gjog ug]{÷u/fpg]
l;nl;nfdf ;f]xL P]gsf] bkmf (-@_ sf] k|of]hgsf] nflu b]xfosf zt{x?df a}+s tyf ljQLo ;+:Yffx?n]
cfk;df Cross-holding x'g] u/L nufgL u/]sf] ;+:yfks ;d"xsf] z]o/ lwtf]kq ljlgdo jhf/ dfkm{t
v/Lb÷ljqmL ug{] ;DaGwdf b]xfo adf]lhd ug'{kg]{ 5 .
-!_ o; a}+saf6 Ohfhtkqk|fKt ;+:yfx?n] cGo Ohfhtkqk|fKt ;+:yfdf nufgLdf /lx/x]sf] ;+:yfks÷
;+:yfks ;d"xsf] z]o/ g]kfn lwtf]kq ljlgdo jhf/ dfkm{t v/Lb÷ljqmL ug{ ;Sg] u/L 5'6 k|bfg
ul/Psf] .
-@_ ;+:yfks z]o/ gfd;f/L jf ljqmL ubf{ ljBdfg ;+:yfks z]o/wgLx?sf] ?kdf /lx/x]sf cGo
;b:ox?nfO{ k|fyldstf lbg'kg]{ ljBdfg PsLs[t lgb]{zg g+= !) sf] Joj:Yff o; k|of]hgsf] nflu nfu"
gx'g] .
104
-#_ g]kfn lwtf]kq ljlgdo jhf/ dfkm{t z]o/ v/Lb ug]{ JolQm÷;+:yf ;d]t ;+:yfks ;d'xdf g} sfod
/xg] .
-$_ ;+:Yffks ;d"xsf] z]o/ v/Lbstf{ shf{ ;"rgf s]Gb| ln= sf] sfnf];"rLdf ;dfj]z gePsf] x'g'kg]{ /
k|rlnt sfg'g tyf o; a}+saf6 hf/L ul/Psf lgb]{zg jdf]lhd ;+:yfks z]o/÷;+:yfks ;d"xsf] z]o/
vl/b ug{ cof]Uo gePsf] :jM3f]if0ff (Self Declaration) z]o/ vl/b ubf{sf] cj:Yffdf g} k]z ug'{kg]{ .
-%_ a}+s tyf ljQLo ;+:yfx?n] o; lgb]{zg adf]lhd cGo a}+s tyf ljQLo ;+:yfx?df cfkm"n] nufgL
u/]sf] ;+:yfks z]o/ o; lgb]{zg adf]lhd clgjfo{?kdf j]rljvg u/L ;Sg'kg]{ .
-^_ z]o/ vl/b ljqmL ;DjGwL cGo Aoj:yf tyf k|s[ofsf ;DjGwdf k|rlnt sfg'g cg';f/ g} x'g] .
-&_ lwtf]kq ljlgod jhf/ dfkm{t Ohfhtkqk|fKt ;+:yfn] vl/b÷ljqmL u/]sf ;+:yfks z]o/x? lwtf]kq
ljlgdo ahf/ dfkm{t k'gM vl/b ljqmL ug ;lsg] . t/ o;/L z]o/ vl/b ug]{ JolQm÷;+:yfx?
;DalGwt ;+:yfks ;d"xd} /xg] .
-*_ o;/L JolQm tyf ;+:yfn] k'gM z]o/ vl/b÷ljqmL ug]{ ;DaGwdf dfly pNn]lvt a'Fbf g+= % df pNn]v
ePsf] Joj:yf afx]ssf cGo ;Dk"0f{ a'Fbfsf Joj:yfx? cfsflif{t x'g] .
(= nufgL;DjGwL yk Joj:yf
-!_ s'g}klg Ohfhtkqk|fKt ;+:yfn] o; a}+saf6 Ohfhtkqk|fKt æsÆ, ævÆ / æuÆ ju{sf cGo
;+:yfx?åf/f hf/L u/]sf z]o/ ;'/If0fkq tyf xfOlj|8 k'FhL pks/0fx?df nufgL ug{ kfO{g] 5}g .
t/, æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yf / o; a}+ssf] :jLs[lt lnP/ nufgL u/]sf] ;+:yfsf] z]o/
nufgLsf] xsdf of] Joj:Yff nfu" x'g] 5}g .
-@_ nufgL ;DaGwL lgb]{zgdf pNn]v ul/Psf] k|fylds k'FhL eGgfn] cl3Nnf] q}df;sf] k|fylds k'FhLnfO{
a'emfpF5 .
!)= nufgL;DjGwL lgb]{zgsf] kfngf gu/]df x'g] sf/jfxL
Ohfhtkqk|fKt ;+:yfn] nufgL;DjGwL lgb]{zgsf] kfngf gu/]df g]kfn /fi6« a}+s P]g, @)%* sf] bkmf (( jf
bkmf !)) df plNnlvt s'g} klg sf/jfxL ug{ ;lsg]5 .
!!= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] nufgL;DjGwL hf/L ul/Psf] O=k|f=lgb]{zg g+=
*÷)^!÷^@ adf]lhdsf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;} ljifo;+u
;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
u/]sf] dflgg]5 .

105
cg';"rL – *=!
;/sf/L C0fkq / g]kfn /fi6« a}s C0fkqdf ePsf] nufgL ljj/0f -dfl;s_
@) ======;fn ============dlxgf
-?=xhf/df_
qm=;+= ljj/0f /sd -?=_

s'n

ldlt clws[t b:tvt

cg';"rL – *=@
sDkgLsf] z]o/k"‘hLdf ePsf] nufgL ljj/0f -dfl;s_
@) ======;fn ============dlxgf
-?=xhf/df_
qm=;+ sDkgLsf] gfd Z]fo/ ;+Vof k/n d"No ahf/ d"No nufgL ldlt Joj:yf /sd

s'n

ldlt clws[t b:tvt

cg';"rL – *=#
;+ul7t ;+:yfx?sf] l8j]~r/df ePsf] nufgL ljj/0f -dfl;s_
@) ======;fn ============dlxgf

-?=xhf/df_
qm=;+= sDkgLsf] gfd nufgL ldlt /sd ?=

s'n

ldlt clws[t b:tvt

106
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f=lgb]{zg g+= (÷)^^


laifoM– Ohfhtkqk|fKt ;+:yfx?n] g]kfn /fi6« a}+sdf k]z ug'{kg]{ tYofÍ ljj/0f ;DjGwL Joj:yf .
b]zsf] cfly{s, df}lb|s l:ylt Pj+ ljQLo ultljlwsf] d"NofÍg Pj+ ljZn]if0f ug]{ ;fy;fy} Ohfhtkqk|fKt
;+:yfsf] u}/ :ynut ;'k/Lj]If0f ug]{ ;Gbe{df a}+lsË tyf ljQLo tYofÍsf] dxTjk"0f{ e"ldsf /xg] x'Fbf ;dod} To:tf
tYofÍ ljj/0fx? ;xL Pj+ z'4 ?kdf pknAw u/fpg g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/
k|of]u u/L g]kfn /fi6« a}+sdf k]z ug'{kg]{ tYofÍ ;DaGwL Joj:yf ;DaGwdf b]xfosf] lgb]{zg lbOPsf] 5 .
o;};fy ;+nUg g]=/f=a}+s, lgb]{zg kmf=g+= (=! b]lv (=!& ;Ddsf kmf/fd cg';f/sf] ljj/0fx? b]xfo cg'?k ;DalGwt
ljefudf On]S6«f]lgs dfWod -O{d]n_ dfkm{t ;d]t k7fpg' kg]{5 .
!= Ohfhtkqk|fKt ;+:yfx?n] cfkm\gf zfvfx?sf] ;d]t ;dli6ut -Consolidated) ?kdf tof/ u/L PsLs[t ?kdf
lgb]{zg kmf=g+= (=!, (=@, (=#, (=#-s_ (=$, (=&, (=* (=!) cg';f/sf ljj/0fx? dfl;s ?kdf, (=%, (=^,
(=!!, (=!@, (=!# / (=!% adf]lhdsf ljj/0fx? q}dfl;s ?kdf / cg';"rL (=!^ adf]lhdsf] tYofÍ jflif{s
?kdf sf/f]jf/ ;dfKt ePsf] ldltn] kGw| lbgleq o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt
;'kl/j]If0f ljefudf k7fpg' kg]{5 .
(=! sf] tYof+s Od]n dfkm{t cg';Gwfg ljefusf] Od]n 7]ufgf researchreportcb@nrb.org.np, -æsÆ ju{_
researchreportdb@nrb.org.np, -ævÆ ju{_ researchreportfc@nrb.org.np -æuÆ ju{_ clgjfo{ ?kdf k7fpg'kg]{ 5 .
@= æsÆ ju{sf Ohfhtkqk|fKt jfl0fHo a}+sx?n] cGt/ a}+s sf/f]jf/ -Interbank transaction_ ;DaGwL lgb]{zg
kmf=g+= (=!$ adf]lhdsf] k|To]s lbgsf] sf/f]jf/ ljj/0f ef]lnkN6 ljxfg !) ah]leq o; a}+ssf] a}+s tyf ljQLo
;+:yf lgodg ljefudf cfOk'Ug] u/L k7fpg' kg]{5 . sf/f]af/ gePdf ;f]xL Joxf]/f pNn]v u/L k7fpg' kg]{5 .
#= Ohfhtkqk|fKt a}+s ljQLo ;+:yfx?n] cfkm\gf] zfvf sfof{nosf] gfd, 7]ufgf ;DaGwL lhNnfut ljj/0f q}dfl;s
?kdf qodf; ;dfKt ePsf] !% lbgeq o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefudf k7fpg' kg]{5 .
$= o; lgb]{zgdf pNn]v ul/Psf] ljj/0f afx]s o; a}+ssf] ;DalGwt zfvf sfof{nodf k7fpg' kg]{ ljj/0fx? lgoldt
?kdf k7fpg' kg]{5 . ljQLo ;+:yfx?n] cfk"mn] k|of]u gug]{ k|s[ltsf sf/f]jf/x? ePdf ;+nUg kmf/ddf sf/f]jf/
gePsf] egL pNn]v u/L k7fpg' kg]{5 .
%= æ3Æ ju{sf n3' ljQ ljsf; a}+sx?n] lgb]{zg kmf=g+= (=!* adf]lhdsf] dfl;s tYof+s / cfkm\gf] sf/f]jf/
k|s[ltsf] cfwf/df sf/f]jf/ ePsf ljj/0fx?dfq ;dfj]z u/L cg';"rLdf pNn]v eP adf]lhdsf tYofÍx? a}+s
tyf ljQLo ;+:yf lgodg ljefu / ;DalGwt ;'kl/j]If0f ljefudf k7fpg' kg]{5 . ;fy} lgb]{zg kmf=g+= (=!*
adf]lhdsf] tYofÍ n3' ljQ ljefudf ;d]t k7fpg' kg]{5 .
^= pk/f]Qm Joj:yf cg'?k Ohfhtkqk|fKt ;+:yfx?n] pNn]lvt ;dodf tYofÍ gk7fPdf g]kfn /fi6« a}+s P]g,
@)%* / a}+s tyf ljQLo ;+:yf ;DjGwL k|rlnt sfg'g jdf]lhd Ohfhtkqk|fKt ;+:yfsf] juL{s/0fsf] cfwf/df
bzxhf/ ?lkofFb]lv krf;xhf/ ?lkofF;Dd hl/jfgf / cGo sf/jfxL x'g]5 .
&= Ohfhtkqk|fKt ;+:yfx?n] o; a}+sdf tYofÍ k7fpg] k|of]hgsf] nflu Pp6f 5'§} kbflwsf/L tf]Sg'kg]{ 5 . tYofÍ
ljj/0f k7fp+bf tf]lsPsf] kbflwsf/Lx?sf] gfd, kmf]g g+= / Od]n 7]ufgf ;d]t pNn]v ug'{kg]{ 5 . tf]lsPsf ljj/0fx?
oyf;dodf k|fKt gePdf ;DjlGwt kbflwsf/Lx?nfO{ pQ/bfoL agfO{ o; a}+sn] lbPsf] lgb]{zg jdf]lhd sf/jfxL
ug'{kg]{ 5 .
*= pk/f]Qm tYof+sx? o; a}+ssf]] lgDgfg';f/sf] Od]n 7]ufgfdf ;d]t k7fpg' kg]{5 .
s= a}+s tyf ljQLo ;+:yf lgodg ljefu
bfistata@nrb.org.np -æsÆ ju{sf] nflu_
bfistatb@nrb.org.np -ævÆ ju{sf] nflu_
bfistatc@nrb.org.np -æuÆ ju{sf] nflu_
bfistatd@nrb.org.np -æ3Æ ju{sf] nflu_

107
v= a}+s ;'kl/j]If0f ljefu
bsdoffsite@nrb.org.np
u= ljQLo ;+:yf ;'kl/j]If0f ljefu
nrbfisd@nrb.org.np
(= pk/f]Qm tYof+sx? PS;]n l;6 dfkm{t k7fpg' kg]{5 . lgwf{l/t 9fFrfdf cfk'mv';L s'g} yk36 ug{ kfOg] 5}g . tYofÍ
ljj/0f k7fpFbf clgjfo{ ?kdf ?= nfvdf pNn]v u/L k7fpg' kg]{5 . tYofÍ ljj/0f g]kfnL efiffdf k7fpFbf clgjfo{
?kdf bishall km06af6 k7fpg' kg]{5 . o:tf] km06 o; a}+ssf] j]j;fO6 www.nrg.org.np af6 8fpgnf]8 ug{
;lsg]5 .
!)= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] Ohfhtkqk|fKt ;:yfx?n] g]kfn /fi6« a}+s,
a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefudf k]z ug'{kg]{ tYofÍ ljj/0f ;DjGwL
O=k|f= lgb]{zg g+= (÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L
ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

108
g]=/f=a}+s lgb]{zg kmf=g+=(=!
======================== lnld6]8
;DklQ / bfloTjsf] uf]Zjf/f lx;fj -dfl;s_
@) ===== ;fn =========== dlxgfsf] ljj/0f
-?=nfvdf_
k'FhL tyf bfloTj /sd ;DklQ /sd
!= k"+hL tyf hu]8f sf]ifx? != gub df}Hbft
!=! r'Qmf k'FhL !=! g]kfnL gf]6 / l;Ssf
!=!=! ;fwf/0f z]o/ !=@ ljb]zL d'b|f
!=!=@ gg\l/l8d]jn lk|km/]G; z]o/ !=@=! ef/tLo d'b|f
!=!=#= l/l8d]jn lk|km/]G; z]o/ !=@=@ cGo ljb]zL d'b|f
!=@= ;fwf/0f hu]8f @= a}+s df}Hbft
!=# z]o/ lk|ldod @=! g]kfn /fi6« a}+sdf
!=$ ;+lrt gfkmf÷gf]S;fg (Retained Earning) @=!=! :jb]zL d'b|f
!=% cGo hu]8f tyf sf]ifx?* @=!=@ ljb]zL d'b|f
!=%=! e}k/L cfpg] hu]8f @=@ æsÆ ju{sf] Ohfht kq k|fKt ;+:yfdf
!=%=@ ;DklQ k'gd"{NofÍg sf]if @=@=! :jb]zL d'b|f
!=%=# k'FhLut hu]8f sf]if @=@=@ ljb]zL d'b|f
!=%=$ ;+:yf ljsf; sf]if @=# ævÆ ju{sf] Ohfht kq k|fKt ;+:yfdf
!=%=% ljz]if hu]8f sf]if @=#=! :jb]zL d'b|f
!=%=^ nfef+z ;dLs/0f sf]if @=#=@ ljb]zL d'b|f
!=%=& cGo :jtGq sf]if @=$ æuÆ ju{sf] Ohfht kq k|fKt ;+:yfdf
!=^ k'FhL lkmtf{ hu]8f sf]if @=$=! :jb]zL d'b|f
!=& ;6xL 36a9 sf]if @=$=@ ljb]zL d'b|f
!=* nufgL ;dfof]hg sf]if @=% cGo ljQLo ;+:yfdf
!=( cGo sf]if @=^ ljb]zL a}+sdf
@= ;fk6L @=^=! ef/tdf
@=! g]kfn /fi6« a}+saf6 ;fk6L @=^=@ cGo ljb]zL d'n'sdf
@=!=! k'g/shf{ #= dfu]sf avt k|fKt x'g] /sd
@=!=@ l/kf]] shf{ #=! æsÆ ju{sf] Ohfht kq k|fKt ;+:yfdf
@=@ æsÆ ju{sf] Ohfht kq k|fKt ;+:yfaf6 #=!=! :jb]zL d'b|f
@=@=! :jb]zL d'b|f #=!=@ ljb]zL d'b|f
@=@=@ ljb]zL d'b|f #=@ ævÆ ju{sf] Ohfht kq k|fKt ;+:yfdf
@=# ævÆ ju{sf] Ohfht kq k|fKt ;+:yfaf6 #=@=! :jb]zL d'b|f
@=#=! :jb]zL d'b|f #=@=@ ljb]zL d'b|f
@=#=@ ljb]zL d'b|f #=# æuÆ ju{sf] Ohfht kq k|fKt ;+:yfdf
@=$ æuÆ ju{sf] Ohfht kq k|fKt ;+:yfaf6 #=#=! :jb]zL d'b|f
@=$=! :jb]zL d'b|f #=#=@ ljb]zL d'b|f
@=$=@ ljb]zL d'b|f #=$ cGo ljQLo ;+:yfdf
@=% ljb]zL a}+s tyf ljQLo ;+:yf #=$=! :jb]zL d'b|f
@=^ cGo ljQLo ;+:yf #=$=@ ljb]zL d'b|f
@=& C0fkq tyf a08 #=% ljb]zL d'n'sdf
#= lgIf]kx? ** #=%=! ef/tdf
#=! rNtL #=%=@ cGo ljb]zL d'n'sdf
#=!=! :jb]zL d'b|fdf $= C0fkqdf nufgL
#=!=!=! a}+s tyf ljQLo ;+:yfx? $=! g]kfn ;/sf/
#=!=!=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? $=!=! 6]«h/L ljn
#=!=!=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? $=!=@ ljsf; C0fkq
#=!=!=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? $=!=# /fli6«o art kq
#=!=!=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx? $=!=$ ljz]if C0f kq
#=!=!=!=% art tyf C0f ;xsf/L ;+:yfx? $=@ g]=/f=a}+s C0f kq
#=!=!=!=^ k]G;g sf]if tyf jLdf sDkgLx? $=# æ3Æ ju{sf] Ohfht kq k|fKt ;+:yfsf] C0fkq
#=!=!=!=& cGo ljQLo ;+:yfx? $=$ ;/sf/L u}/ ljQLo ;+:yf
#=!=!=@ :yfgLo ;/sf/ $=% cGo u}/ ljQLo ;+:yf
#=!=!=# u}/ ljQLo ;/sf/L ;+:yfx? $=^ u}/ cfjf;Lo If]q (Non-Resident)
#=!=!=$ u}/ ljQLo lghL ;+:yfx? %= z]o/ tyf cGo nufgL
#=!=!=% cGo cfjf;Lo If]q %=! z]o/df nufgL
#=!=!=^ u}/ cfj;Lo If]q (Non-Resident) %=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=!=@ ljb]zL d'b|fdf %=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=!=@=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=!=@=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=!=@=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=!=% art tyf C0f ;xsf/L ;+:yfx?
#=!=@=$ cGo cfjf;Lo If]q %=!=^ k]G;g sf]if tyf jLdf ;+:yfx?
109
#=!=@=% u}{/ cfjf;Lo If]q %=!=& cGo ljQLo ;+:yfx?
#=@ art %=!=* u}/ ljQLo ;/sf/L ;+:yfx?
#=@=! :jb]zL d'b|fdf %=!=( lghL u}/ ljQLo ;+:yfx?
#=@=!=! a}+s tyf ljQLo ;+:yfx? %=!=!) u}/ cfjf;Lo If]q
#=@=!=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@ cGo nufgL
#=@=!=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=! :jb]zL d'b|fdf
#=@=!=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=!=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=!=!=% art tyf C0f ;xsf/L;+:yfx? %=@=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=!=!=^ k]G;g sf]if tyf jLdf sDkgLx? %=@=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=!=!=& cGo ljQLo ;+:yfx? %=@=!=% art tyf C0f ;xsf/L ;+:yfx?
#=@=!=@ :yfgLo ;/sf/ %=@=!=^ k]G;g sf]if tyf jLdf ;+:yfx?
#=@=!=# u}/ ljQLo ;/sf/L ;+:yfx? %=@=!=& cGo ljQLo ;+:yfx?
#=@=!=$ u}/ ljQLo lghL ;+:yfx? %=@=!=* u}/ ljQLo ;/sf/L ;+:yfx?
#=@=!=% cGo cfjf;Lo If]q %=@=!=( lghL u}/ ljQLo ;+:yfx?
#=@=!=^ u}/ cfj;Lo If]q %=@=!=!) u}/ cfjf;Lo If]q
#=@=@ ljb]zL d'b|fdf %=@=@ ljb]zL d'b|fdf
#=@=@=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=@=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=@=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=@=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=@=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=@=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=@=$ cGo cfjf;Lo If]q %=@=@=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=@=@=% u}{/ cfjf;Lo If]q %=@=@=% art tyf C0f ;xsf/L ;+:yfx?
#=# d'2tL %=@=@=^ k]G;g sf]if tyf jLdf ;+:yfx?
#=#=! :jb]zL d'b|fdf %=@=@=& cGo ljQLo ;+:yfx?
#=#=!=! a}+s tyf ljQLo ;+:yfx? %=@=@=* u}/ ljQLo ;/sf/L ;+:yfx?
#=#=!=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=@=( lghL u}/ ljQLo ;+:yfx?
#=#=!=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? %=@=@=!) u}/ cfjf;Lo If]q
#=#=!=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ^= shf{ tyf ;fk6
#=#=!=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=#=!=!=% art tyf C0f ;xsf/L;+:yfx? ^=!=! :jb]zL d'b|f
#=#=!=!=^ k]G;g sf]if tyf jLdf sDkgLx? ^=!=@ ljb]zL d'b|f
#=#=!=!=& cGo ljQLo ;+:yfx? ^=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=#=!=@ :yfgLo ;/sf/ ^=@=! :jb]zL d'b|f
#=#=!=# u}/ ljQLo ;/sf/L ;+:yfx? ^=@=@ ljb]zL d'b|f
#=#=!=$ u}/ ljQLo lghL ;+:yfx? ^=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=#=!=% cGo cfjf;Lo If]q ^=#=! :jb]zL d'b|f
#=#=!=^ u}/ cfj;Lo If]q ^=#=@ ljb]zL d'b|f
#=#=@ ljb]zL d'b|fdf ^=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=#=@=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=% cGo ljQLo ;+:yfx?
#=#=@=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=%=! art tyf C0f ;xsf/L ;+:yfx?
#=#=@=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=%=@ k]G;g sf]if tyf jLdf ;+:yfx?
#=#=@=$ cGo cfjf;Lo If]q ^=%=# cGo
#=#=@=% u}{/ cfjf;Lo If]q ^=^ s]lGb|o ;/sf/
#=$ dfu]sf] avt lbg'kg]{ /sd ^=& :yfgLo ;/sf/
#=$=! :jb]zL d'b|f ^=* u}/ ljQLo ;/sf/L ;+:yfgx?
#=$=!=! a}+s tyf ljQLo ;+:yfx? ^=( lghL u}/ ljQLo ;+:yfx?
#=$=!=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=(=! :jb]zL d'b|f
#=$=!=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=(=@ ljb]zL d'b|f
#=$=!=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=!) JolQmut
#=$=!=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx? ^=!)=! :jb]zL d'b|f
#=$=!=!=% art tyf C0f ;xsf/L;+:yfx? ^=!)=@ ljb]zL d'b|f
#=$=!=!=^ k]G;g sf]if tyf jLdf sDkgLx? ^=!! u}/ cfjf;Lo If]q
#=$=!=!=& cGo ljQLo ;+:yfx? &= ljn vl/b
#=$=!=@ :yfgLo ;/sf/ &=! :jb]zL ljn vl/b
#=$=!=# u}/ ljQLo ;/sf/L ;+:yfx? &=!=! cfjf;Lo
#=$=!=$ u}/ ljQLo lghL ;+:yfx? &=!=@ u}/ cfjf;Lo
#=$=!=% cGo cfjf;Lo If]q &=@ ljb]zL ljn vl/b
#=$=!=^ u}/ cfj;Lo If]q &=@=! ef/tdf e'QmfgL x'g]
#=$=@ ljb]zL d'b|fdf &=@=!=! cfjf;Lo
#=$=@=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? &=@=!=@ u}/ cfjf;Lo
#=$=@=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx? &=@=@ cGo d'n'sdf e'QmfgL x'g]
#=$=@=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx? &=@=@=! cfjf;Lo
#=$=@=$ cGo cfjf;Lo If]q &=@=@=@ u}/ cfjf;Lo
#=$=@=% u}/ cfjf;Lo If]q &=# cfoft ljn v/Lb

110
#=%= ;l6{lkms]6 ckm l8kf]lh6 *= sn]S;gdf lnOPsf ljnx?df ;fk6
#=%=! cfjf;Lo If]q *=! :jb]zL ljnsf] lwtf]df
#=%=@ u}/ cfj;Lo If]q (Non-Resident) *=@ ljb]zL ljnsf] lwtf]df
#=^ dflh{g lx;fj (= l:y/ ;DklQ
#=^=! :jb]zL d'b|f (=! hUuf
#=^=!=! cfjf;Lo If]q (=@ ejg
#=^=!=@ u}/ cfj;Lo If]q (=# kmlg{r/÷lkmS;r/
#=^=@ ljb]zL d'b|f (=$ ;jf/L ;fwg
#=^=@=! cfjf;Lo If]q (=% sDKo'6/ tyf d]zLg/L
#=^=@=@ u}/ cfj;Lo If]q (=^ k'FhLut lgdf{0f vr{
#=& vhfGrLsf] hdfgt (=& lnh xf]N8 ;DklQ
#=* cGo (=* cGo
$= e'QmfgL lbg'kg]{ ljnx? !)= cGo ;DklQ
$=! :jb]zL d'b|f !)=! c;'n ug{ afFsL Jofh
$=!=! 8«fˆ6 !)=!=! ljQLo ;+:yfx?
$=!=!=! cfjf;Lo If]q !)=!=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
$=!=!=@ u}/ cfj;Lo If]q !)=!=!=!=! :jb]zL d'b|fdf
$=!=@ e'QmfgL cfb]z (Pay order) !)=!=!=!=@ ljb]zL d'b|fdf
$=!=@=! cfjf;Lo If]q !)=!=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
$=!=@=@ u}/ cfj;Lo If]q !)=!=!=@=! :jb]zL d'b|fdf
$=@ ljb]zL d'b|f !)=!=!=@=@ ljb]zL d'b|fdf
$=@=! 8«fˆ6 !)=!=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
$=@=!=! cfjf;Lo If]q !)=!=!=#=! :jb]zL d'b|fdf
$=@=!=@ u}/ cfj;Lo If]q !)=!=!=#=@ ljb]zL d'b|fdf
$=@=@ e'QmfgL cfb]z !)=!=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx?
$=@=@=! cfjf;Lo If]q !)=!=!=% art tyf C0f ;xsf/L ;+:yf
$=@=@=@ u}/ cfj;Lo If]q !)=!=!=^ k]G;g sf]if tyf jLdf ;+:yfx?
%= cGo bfloTj !)=!=!=& cGo ljQLo ;+:yf
%=! ;08«L q]ml86;{ !)=!=@ u}/ ljQLo ;/sf/L ;+:yfg
%=@ k]G;g tyf pkbfg sf]if !)=!=# lghL If]q
%=# sd{rf/L ;+rosf]if !)=!=#=! ;+:yfut
%=$ sd{rf/L sNof0fsf]if !)=!=#=!=! :jb]zL d'b|f
%=% sd{rf/L tflndsf]if !)=!=#=!=@ ljb]zL d'b|f
%=^ sd{rf/L af]g; Joj:yf !)=!=#=@ JolQmut
%=& k|:tfljt tyf e'QmfgL lbg afFsL nfef+z !)=!=#=@=! :jb]zL d'b|f
%=* cfos/ Joj:yf !)=!=#=@=@ ljb]zL d'b|f
%=( shf{ gf]S;fgL Joj:yf !)=!=$ u}/ cfjf;Lo
%=(=! ;fdfGo shf{ gf]S;fgL Joj:yf !)=@ d;nGb df}Hbft
%=(=@ ljz]if shf{ gf]S;fgL Joj:yf !)=# sd{rf/L ;fk6L÷k]ZsL
%=(=@=! sd;n shf{ gf]S;fgL Joj:yf !)=$ ;08«L 8]6;{
%=(=@=@ z+sf:kb shf{ gf]S;fgL Joj:yf !)=% clu|d e'QmfgL
%=(=@=# v/fa shf{ gf]S;fgL Joj:yf !)=^ lSnol/ª r]s
%=(=# cltl/Qm shf{ gf]S;fgL Joj:yf !)=^=! :jb]zL d'b|f
%=!) Jofh d'NtjL lx;fj !)=^=@ ljb]zL d'b|f
%=!)=! ut cjlw;Ddsf] !)=& dfu{:y gub (Cash in Transit)
%=!)=@ o; cjlwdf yk !)=* ljgf ;"rgf e'QmfgL lbOPsf 8«fˆ6
%=!)=# o; cjlwdf c;'nL ePsf] !)=( clu|d s/ e'QmfgL
%=!! lgIf]kdf lbg'kg]{ Jofh !)=!) l/e;{ l/kf] /sd
%=!!=! art !)=!! cGo
%=!!=@= d'2tL !!= ckn]vg x'g afFsL vr{
%=!!=# cGo !@= u}/ a}+lsË ;DklQ
%=!@ lgIf]k Jofhs/ !#= lx;fj ldnfg
%=!# x|f; s§L sf]if !# =! s]Gb|Lo sfof{no
%=!$ kfls g;s]sf] cfDbfgL !#=@ zfvf sfof{no
%=!% cGo !#=# lgj[lQ e/0f
^= lx;fj ldnfg !#=$ ;/sf/L sf/f]af/
^=! s]Gb|Lo sfof{no !#=% C0f sf]if
^=@ If]qLo÷zfvf sfof{no !$= sG6«f lx;fj
^=# lgj[lQ e/0f !$=! sn]S;gdf lnOPsf ljnx?
^=$ ;/sf/L sf/f]af/ !$=!=! :jb]zL d'b|f
^=% C0fsf]if !$=!=!=! cfjf;Lo
&= sG6«f lx;fj !$=!=!=@ u}/ cfjf;Lo
&=! sn]S;gdf lnOPsf ljnx? !$=!=@ ljb]zL d'b|f
&=!=! :jb]zL d'b|f !$=!=@=! cfjf;Lo
&=!=!=! cfjf;Lo !$=!=@=@ u}/ cfjf;Lo
111
&=!=!=@ u}/ cfjf;Lo !%= gfkmf÷gf]S;fg lx;fj
&=!=@ ljb]zL d'b|f !%=! ut dlxgf;Dds]f
&=!=@=! cfjf;Lo !%=@ o; dlxgfsf]
&=!=@=@ u}/ cfjf;Lo
*= gfkmf gf]S;fg lx;fj
*=! ut dlxgf;Ddsf]
*=@ o; dlxgfsf]
hDdf hDdf
gf]6M dfly tf]lsPsf] s'g} zLif{s cGt/ut /sd g/x]sf] eP tfklg ;f] zLif{s sfod} /fvL o; a}+sn] tf]s]sf] 9fFrfdf s'g} kl/jt{g ug{ kfOg] 5}g . o; kmf/fdsf
pkzLif{sx?df ePsf sf/f]jf/x? lglb{i6 :yfgdf clgjfo{ ?kdf b]vfO{ To;sf] hf]8 k|To]s pk–zLif{s x'b} d"n zLif{s;Dd ug'{kg]{5 .
jf;nft aflx/sf sf/f]af/ -;+efljt bfloTjx?_ M
1= ;+:yfpk/ bfjL k/]sf] t/ ;+:yfn] bfloTj :jLsf/ gu/]sf]
2= k|lttkqx¿ -k"/f /sd_
-s_ 6 dlxgf eGbf sd cjlwsf]
-v_ 6 dlxgf eGbf a(L cjlwsf]
3= k"gM l*:sfpG^ ul/Psf ljnx¿
4= Dofb gfl# g;s]sf] Uof/]G^L a)*
-s_ la* a)*
-v_ k/km/d]G; a)*
5= r'Qmf jf e'Qmfg x'g af+sL z]o/ nufgL
6= km/jf*{ PS:r]~h sG^«fS^sf] af+sL bfloTjx¿
7= sn]S;gdf /x]sf lanx¿
-s_ :jb]zL d'bf|
-v_ ljb]]zL d'bf|
8= d~h'/L tyf ;dy{g (Acceptence & Endorsement)
9= k|Tofe"lt k|ltj$tf (Underwriting Commitment)
10= ckl/jTo{ shf{ k|ltj$tf (Irrevocable Loan Commitment)
11= cGt/f{li^«o >])fLs[t a}+ssf] sfp)^/ Uof/])^Ldf lbPsf] Uof/])^L
12= clu|d e'QmfgL Uof/])^L (Advance Payment Guarantee)
13= shf{ k|jfxsf] nflu ljQLo hdfgt (Financial Guarantee)
14= cfos/ jfkt ;Defljt bfloTj (Contingent Liabilities on Income Tax)
15= =======================
---------------------------------------------------
* cGo hu]8f tyf sf]ifx? cGtu{t nufgLdf /x]sf] /sdnfO{ ;d]t v'nfpg' (Disclose) kg]{5 .
** Ohfhtkqk|fKt ;+:yfx?sf] gfd v'nfpg' kg]{5 . o;sf] nflu 5'§} kmf/d k|of]u ug{ ;lsg]5 .

ljj/0f tof/ ug]{sf]M M ljj/0f k]z ug]{ clws[tsf] M


gfd M gfd M
bhf{ M bhf{ M
b:tvt M b:tvt M
ldlt M ldlt
M

112
g]=/f=a}+s lgb]{zg kmf=g+=(=@
========================================== lnld6]8
gfkmf gf]S;fg lx;fj
@) ====== b]lv @) ========= ;Dd -dfl;s_
-?=nfvdf_
vr{ o; dlxgf ut dlxgf cfDbfgL o; dlxgf ut dlxgf
;Ddsf] ¿= ;Ddsf] ¿= ;Ddsf] ¿= ;Ddsf] ¿=
!= Jofh vr{ != Jofh cfDbfgL
!=! lgIf]k bfloTjdf !=! shf{ ;fk6df
!=!=! artdf !=@ nufgLdf
!=!=@ d'2tLdf !=@=! g]kfn ;/sf/sf] ;'/If0fkq
!=!=@=! # dlxgf;Ddsf] d'2tLdf !=@=@ ljb]zL C0fkq
!=!=@=@ # b]lv ^ dlxg;Ddsf] d'2tLdf !=@=# g]kfn /fi6« a}+ssf] C0fkq
!=!=@=# ^ dlxgfb]lv ! jif{;Ddsf] d'2tLdf !=@=$ l8a]~r/ tyf a08
!=!=@=$ ! jif{eGbf dflysf] d'2tLdf !=# Ph]G;L df}Hbftdf
!=!=# dfu]sf] avt ltg'{kg]{ lgIf]kdf !=$ dfu tyf cNk ;"rgfdf k|fKt
!=!=$ ;l6{lkms]6 ckm l8kf]lh6df x'g] df}Hbftdf
!=@ cGt/ a}+s/ ljQLo ;+:yf ;fk6L !=% cGodf
!=@=! g]kfn /fi6« a}+s @= sldzg tyf l8isfp06
!=@=@ cGt/ a}+s/ ljQLo ;+:yf @=! ljn vl/b tyf l8isfp06
!=@=# cGo ;fk6L @=@ sldzg
@ sldzg vr{ @=# cGo
#= sd{rf/L vr{ #= ;6xL 36a9 cfDbfgL
$= ;+rfng vr{ #=! ljlgdob/df ePsf] km/saf6
%= ;6xL 36a9 gf]S;fgL #=@ ljb]zL d'b|f sf/f]af/af6 -a§f
%=! ljlgdob/df ePsf] km/saf6 afx]s_
%=@ ljb]zL d'b|f sf/f]af/af6 -a§f $= cGo ;~rfng cfDbfgL
afx]s_ %= u}/ ;~rfng cfDbfgL
^= u}/ ;+rfng vr{ ^= hf]lvd ;DaGwL Joj:yfaf6
&= hf]lvd ;DaGwL Joj:yf cfDbfgL
&=! ;fdfGo shf{ gf]S;fgL Joj:yf ^=! c;n shf{ gf]S;fgL Joj:yf
&=@ ljz]if shf{ gf]S;fgL Joj:yf ^=@ ljz]if shf{ gf]S;fgL Joj:yf
&=@=! sd;n shf{ gf]S;fgL Joj:yf ^=@=! sd;n shf{ gf]S;fgL Joj:yf
&=@=@ z+sf:kb shf{ gf]S;fgL Joj:yf ^=@=@ z+sf:kb shf{ gf]S;fgL Joj:yf
&=@=# v/fa shf{ gf]S;fgL Joj:yf ^=@=# v/fa shf{ gf]S;fgL Joj:yf
&=# u}/ a}+lsu ;DklQ gf]S;fgL Joj:yf ^=# u}/ a}+lsu ;DklQ gf]S;fgL Joj:yf
&=$ nufgLdf ;Defljt gf]S;fgL Joj:yf ^=$ nufgLdf ;Defljt gf]S;fgL
&=% cGo ;DklQsf] gf]S;fgL Joj:yf Joj:yf
&=^ cltl/Qm shf{ gf]S;fgL Joj:yf ^=% cGo ;DklQsf] gf]S;fgL Joj:yf
*= c;'nL x'g g;Sg] shf{sf] ckn]vg ^=^ cltl/Qm shf{ gf]S;fgL Joj:yf
(= c;fdfGo sf/f]jf/x?af6 ePsf] vr{ &= ckn]vg ePsf] shf{sf] c;'nL
!)= sd{rf/L af]g; Joj:yf *= c;fdfGo sf/f]jf/x?af6 ePsf]
!!= cfos/ Joj:yf cfDbfgL
!@= v'b gfkmf (= v'b gf]S;fg
hDdf hDdf

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[tM


b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M
ldlt M ldlt M
gf]6 M !_ dfl;s ?kdf x|f; s§L vr{ / cGo vr{ ;DjlGwt vr{ zLif{s cGtu{t ;dfj]z x'g'kg]{5 .
@_ x/]s q}df; cGtsf] gfkmf gf]S;fg lx;fj tof/ ubf{ clgjfo{ ?kn] shf{ gf]S;fgL Joj:yf nufot cGo gf]S;fgL Joj:yfdf
ePsf] yk jf 36 /sd oyfy{ lrq0f x'g] u/L n]vfÍg ug'{kg]{ 5 .
#_ sd{rf/L jf]g; / cfos/sf] nflu pko'{Qm cg'dfg u/L a}+s Joj:yfkgn] ;DjlGwt cjlwx?df Joj:yf ug]{ tyf n]vf+sg
ug{'kg]{ 5 .

113
g]=/f=a}+s lgb]{zg kmf=g+=(=#
========================================== lnld6]8
If]qut -k|of]hg_ cg';f/sf] shf{ tyf ;fk6sf] ljj/0f -dfl;s_
@) ======== ;fn =============== dlxgfsf] ljj/0f
-?= nfvdf_
ut d;fGt;Ddsf] o; dlxgfdf o; dlxgfdf d;fGt;Dddf p7fpg
efvf gf3]sf]
qm;+= afFsL ljtl/t c;"nL afFsL
;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf Jofh ;+Vof ;fFjf Jofh
pBf]u÷If]qx?
! s[lif / jg ;DaGwL
!=! afnL÷afnL ;]jf
!=@ lrof÷skmL
!=# ;'lt{
!=$ ;gkft
!=% kz'kfng÷kz'kfng ;]jf ÷kz' awzfnf
!=^ ag
!=& l;rfO{
!=* cGo s[lif tyf s[lif hGo ;]jfx?
@ df5fkfng ;DaGwL
# vfgL ;DaGwL
#=! wft' tyf wfp -kmnfd, l;;f OToflb_
#=@ sf]Onf
#=# r'g9'Ëf
#=$ DofUg];fO6
#=% v/L
#=^ t]n tyf Uof; k|zf]rg (Extraction)
#=& vfgL ;DaGwL cGo
$ pTkfbg ;DaGwL
$=! vfB pTkfbg -Kofs ug]{, k|f];]l;Ë ug]{_
$=@ s[lif, jg k}bfjf/ pTkfbg
$=@=! lrgL
$=@=@ ;"lt{ k|zf]wg
$=@=# lr/fg tyf sfi7 pTkfbg÷kmlg{r/
$=@=$ cGo
$=# k]o kbfy{ -ljo/, dbL/f, ;f]8f OToflb_
$=#=! dlb/fhGo
$=#=@ dlb/f/lxt
$=$ x:tsnf
$=% a'gfO{ (Textile) pTkfbg Pj+ tof/L kf]zfs
$=^ sfuh tyf ;Da4 pTkfbg
$=& 5kfO tyf k|sfzg
$=* cf}ifwL
$=( k|zf]lwt t]n tyf sf]Onf pTkfbg
$=!) vf]6f] tyf tf/lkg
$=!! /a/sf] 6fo/
$=!@ 5fnf
$=!# Knfli6s
$=!$ l;d]06
$=!% kTy/, df6f] tyf l;;fsf pTkfbgx?
$=!^ cGo lgdf{0f ;fdu|L pTkfbg
$=!& wft' – cfwf/e"t kmnfd tyf l:6n Knf06
$=!* wft' – cGo KnfG6÷Hof;n
$=!( ljljw pTkfbg
% lgdf{0f
%=! cfjf;Lo -3/fo;L k|of]hg_
%=@ u}/ cfjf;Lo -Jofkfl/s k|of]hg_
%=# a[xt (Heavy) lgdf{0f -/fhdfu{, k'n OToflb_
^= ljB't, Uof; / kfgL
^=! ljB't ;]jf
0 UofF; tyf UofF; kfOk nfOg ;]jf
=@
& wft'sf pTkfbgx?, d]l;g/L tyf On]S6«f]lgs cf}hf/
tyf h8fg
&=! h8fg ul/Psf (Fabricated) wft'sf ;fdfgx?
&=@ d]lzg cf}hf/
&=# d]lzg/L – s[lif hGo

114
&=$ d]lzg/L – lgdf{0f, t]n If]q, vfgL ;DaGwL
&=% d]lzg/L – clkm; Pj+ sDKo'l6Ë (Computing)
&=^ d]lzg/L – cGo ;j}
&=& ljB'tLo pks/0f
&=* 3/fo;L pks/0f Pj+ cGo vKg] ;fdfg
&=( ;+rf/ pks/0f
&=!) On]S6«f]lgs kf6{k"hf{
&=!! lrlsT;f ;DaGwL pks/0f
&=!@ h]g]/]6/x?
&=!# 3§ (Turbines)
* oftfoft , e)8f/ / ;+rf/
*=! df]6/uf8L, kf6{k"hf tyf ;xfos ;fdu|Lx?
*=@ h]6af]6÷hn oftfoft
*=# jfo'ofg tyf jfo'ofgsf] kf6{k"hf{
*=$ oftfoft ;DaGwL cGo pTkfbgx?
*=% /]ndfu{ tyf ;8s ofqL cf];f/k;f/sf ;fwgx?
*=^ 6«s ;]jf tyf uf]bfd Joj:yf
*=& cGo ;a} ;]jf
( yf]s tyf v'b|f ljq]mtf
(=! yf]s Jofkf/ – vKg] ;fdfg
(=@ yf]s Jofkf/ – gvKg] ;fdfg
(=# Automotive Dealer/franchise
(=$ cGo v'b|f Jofkf/
(=% cfoft Jofkf/
(=^ lgof{t Jofkf/
!) ljQ, jLdf tyf crn ;DklQ
!)=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
!)=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
!)=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
!)=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx?
!)=% art tyf C0f ;xsf/L ;+:yfx?
!)=^ k]G;g sf]if tyf jLdf ;+:yfx?
!)=& cGo ljQLo ;+:yf
!)=* u}/ ljQLo ;/sf/L ;+:yfg
!)=( lghL u}/ ljQLo ;+:yfgx?
!)=!! cGo nufgL ;+:yfx?
!)=!@ crn ;DklQ (Real Estate)
!! xf]6n tyf /]i6'F/f
!!=! ko{6g ;]jf -6]«lsË, 6«fen Ph]G;L, kj{tf/f]x0f,
l/;f]6{, /flˆ6Ë, SoflDkË cflb_
!!=@ xf]6n -cGo ;]jf ;d]t_
!!=# dgf]/+hg, l/lqmP;g, rnlrq
!@ cGo ;]jfx?
!@=! lj1fkg ;]jf
!@=@ Automotive ;]jf
!@=# cGo ;j} ;]jf sDkgLx?
!@=$ c:ktfn, lSnlgs OToflb
!@=% lzIff ;]jf
!# pkef]Uo shf{
!#=! ;'g, rfFbL
!#=@ d'2tL /l;b
!#=# ;'/If0f kq
!#=$ q]ml86 sf8{
!#=% xfo/ kr]{h -JolQmut pkof]u shf{_
!$ :yflgo ;/sf/
!% cGo
hDdf

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M


b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M
ldlt M ldlt

115
g]=/f=a}+s lgb]{zg kmf=g+=(=# -s_
============================================== a}+s÷ljQLo ;+:yf
k|of]hg cg';f/sf] (Productwise) shf{ ;fk6sf] ljj/0f
@)====÷==========dlxgf -dfl;s_
-?=nfvdf_
l;=g+= lja/0f ut dlxgfsf] o; dlxgfsf]
;+Vof /sd ?= ;+Vof /sd ?=
!= cfjlws shf{
-s_ cf}Bf]lus ;+:yf
-v_ Jofkfl/s ;+:yf
-u_ ;]jf Joj;fo ;+:yf
-3_ cGo
@= cf]e/8«fˆ6
-s_ cf}Bf]lus ;+:yf
-v_ Jofkfl/s ;+:yf
-u_ ;]jf Joj;fo ;+:yf
-3_ cGo
#= 6«i6 l/l;K6 shf{÷cfoft shf{
-s_ cf}Bf]lus ;+:yf
-v_ Jofkfl/s ;+:yf
-u_ ;]jf Joj;fo ;+:yf
-3_ cGo
$= l8df08 tyf cGo rfn" k"+hL shf{
-s_ cf}Bf]lus ;+:yf
-v_ Jofkfl/s ;+:yf
-u_ ;]jf Joj;fo ;+:yf
-3_ cGo
%= Real Estate Loan
-s_ 3/ hUuf ljsf; sDkgL÷kmd{x?
-v_ ! s/f]8eGbf j9L /sdsf] JolQmut shf{
-u_ ?=%) nfvb]lv ?=! s/f]8;Ddsf] JolQmut shf{
-3_ ?=@% nfvb]lv ?=%) nfv;Ddsf] JolQmut shf{
-ª_ cGo
^= dflh{g k|s[ltsf] shf{
-s_ ! s/f]8eGbf j9L /sdsf] shf{
-v_ ?=%) nfvb]lv ?=! s/f]8;Ddsf shf{
-u_ ?=@% nfvb]lv ?=%) nfv;Ddsf] shf{
-3_ ?=@% nfveGbf sd /sdsf] shf{
&= cfjf;Lo 3/ shf{
*= xfo/kr{]h shf{
-s_ Jofkfl/s k|of]hg
-v_ JolQmut k|of]hg
(= ljkGg ju{ shf{
!)= ljN; v/Lb
!!= cGo k|f]8S6x?
-s_ qm]l86 sf8{
-v_ z}lIfs shf{
-u_ ;fgf tyf demf}nf pBdL shf{
-3_ =======================================
-ª_ =======================================
-r_ =======================================
s"n
116
k|li6s/0f M–
!= cfjlws shf{ M
o; cGt/ut kg{] cfjlws shf{ (Term Loan) eGgfn] k'+hLut k|s[ltsf] vr{sf] nflu Ps jif{eGbf j9L cjlwsf] nflu k|jfx ePsf]
shf{nfO{ ;Demg' kb{5 . Ps jif{eGbf sd cjlwsf] cfjlws shf{ ePdf l8df08 tyf cGo rfn" k"+hL shf{ zLif{sdf hgfpg' kg{]5 .
To;}u/L ls:tfjGbLdf jf Psd'i6 c;'n ug{] u/L k|jflxt s'g} klg cjlwsf] cfjf;Lo 3/ shf{, l/on :6]6 shf{, xfo/kr{]h shf{
nufotsf cGo zLif{sdf kg{] u/L k|jflxt cfjlws shf{ o; cGt/ut ghgfO{ ;DjlGwt zLif{sdf g} hgfpg' kg{]5 .
@= cf]e/8«fˆ6 shf{ M
cf]e/8«fˆ6 ;'ljwf pknJw u/fpg kfpg] a}+s tyf ljQLo ;+:yfx?n] cfˆgf JolQmut jf ;+:yfut u|fxsx?nfO{ cf]e/8«fˆ6 ;Ldf k|bfg
u/L jf rNtL lgIf]k vftfdf cf]e/8«g ;'ljwf pknJw u/fO{ shf{ k|jfx u/L jSof}tf /x]sf] /sd o; zLif{sdf hgfpg' kg{]5 .
#= 6«i6 l/l;K6 shf{÷cfoft shf{ M
k|lttkq dfkm{t ;fdfg cfoft ug{] k|of]hgsf] nflu pknJw u/fOPsf] cfoft shf{nfO{ 6«i6 l/l;K6 shf{sf] ?kdf hgfpg' kg{]5 eg]
o; zLif{s cGt/ut cfoftsf] nflu k|jfx ul/Psf] cGo shf{x? ePdf To:tf cGo cfoft shf{x?nfO{ ;d]t ;dfj]z u/L o;}
zLif{s cGt/ut hgfpg' kg{]5 . t/, :jb]zL k|lttkqdf o; k|sf/sf] shf{ k|bfg ug{ kfO{g] 5}g .
$= l8df08 tyf cGo rfn" k"+hL shf{ M
l8df08 tyf cGo rfn" k"+hL shf{ cGt/ut Hypothecation, Working Capital, Short Term Loan, Demand Loan, Time
Loan, Cash Credit nufotsf cGo rfn" k"+hL k|s[ltsf ;j} shf{x? ;dfj]z /xg] 5g\ .
%= l/on :6]6 shf{ ;fk6 M
l/on :6]6sf] nflu k|jfx ul/Psf] shf{ ;fk6 eGgfn] lgDgfg';f/sf] shf{ ;fk6nfO{ ;Demg' kb{5 .
-s_ s'g}klg hUuf ljsf; tyf ejg lgdf{0f ug{] p2]Zon] :yflkt kmd{, sDkgL jf ;+:yfnfO{ k|jflxt shf{ .
-v_ s'g} k|of]hg gv'nfO{ hUuf, hldg jf ejg lwtf] /fvL k|jfx ePsf ?=@% nfveGbf j9L /sdsf shf{x? . a}+s tyf ljQLo
;+:yfx?n] ljgf k|of]hg hUuf, hldg jf ejg lwtf] /fvL k|jfx ug{] u/L ljleGg k|f]8S6x? -h:t}M Personal Loan,
Mortgage Loan, Flexi Loan cflb_ dfkm{t shf{ k|jfx u/]sf] ePdf ?=@% nfveGbf j9L /sdsf To:tf ;j} shf{x? ;d]t
Real Estate shf{sf] ?kdf u0fgf ug{' kg{]5 .
t/ lgDglnlvt shf{x?nfO{ Real State shf{ dflgg] 5}g .
-c_ cGo lgoldt cfo>f]tn] wfGg] u/L Residential k|of]hgsf] nflu k|jfx ul/Psf] 3/ shf{ (Home/House Loan)
-cf_ hUuf ljsf; tyf ejg lgdf{0fdf ;+nUg g/x]sf Jofkfl/s kmd{ sDkgLn] cfˆgf] lgoldt Jofkfl/s shf{sf] nflu
cGo ;'/If0fsf cltl/Qm 3/ hUuf lwtf] /fv]sf shf{x? .
^= dflh{g k|s[ltsf] shf{ ;fk6 M
s'g} klg JolQm jf ;+:yfnfO{ shf{ ;fk6 k|jfx ubf{ s'g} ;"rLs[t sDkgLsf] z]o/ jf l8j]~r/ ;'/If0fsf] ?kdf lwtf] lnO{ k|jfx ePsf
shf{nfO{ dflh{g k|s[ltsf] shf{ ;fk6sf] ?kdf lnOg] 5 . t/, cGo k|of]hgsf nflu k|jflxt shf{df yk jf cltl/Qm ;'/If0f:j?k
;"rLs[t sDkgLsf] z]o/ jf l8j]~r/ lwtf] /fv]sf] cj:yfdf To:tf] shf{nfO{ dflh{g k|s[ltsf] shf{ dflgg] 5}g .
&= cfjf;Lo 3/ shf{ M
o; zLif{s cGt/ut a}+s÷ljQLo ;+:yfn] u|fxssf] cfo>f]t x]/L ;f] >f]tn] kof{Kt wfGg] u/L ls:tf sfod u/L 3/ lgdf{0f jf
v/Lbsf] nflu k|jfx u/]sf] cfjf;Lo 3/ shf{ (Home/Housing Loan) sf] jSof}tf /sd hgfpg' kg{]5 .
*= xfo/kr{]h shf{ M
o; cGt/ut Jofkfl/s lx;fjn] ef8fdf ;+rfng ug{] u/L jf k|of]u ug{] u/fpg] u/L s'g} ;jf/L ;fwg jf ;fdfg v/Lb ug{ k|jfx
ul/Psf] shf{nfO{ xfo/kr{]h shf{ cGt/utsf] Jofkfl/s k|of]hgdf hgfpg' kg{]5 eg] clGtd k|of]ustf{ (End User) cfkm}n] k|of]u
ug{] u/L ;jf/L ;fwg jf ;fdfg v/Lb ug{ ljQLo ;'ljwf pknJw u/fO{ jSof}tf /x]sf] /sd JolQmut xfo/kr{]h shf{ cGt/ut
hgfpg' kg{]5 . xfo/ kr]{h k|s[ltsf t/ cGo k|f]8S6 (h:t}M Auto Loan, Vehicle Loan cflb) cGtu{t k|jfx ePsf shf{ ;d]t
o; zLif{sdf ;dfj]z ug'{kg]{5 .
(= ljkGg ju{ shf{ M
g]kfn /fi6« a}+ssf] lgb{]zgsf] clwgdf /xL k|jfx ug{' kg{] lgb{]lzt ljkGg ju{ shf{sf] jSof}tf /sd o; zLif{sdf hgfpg' kb{5 .
!)= ljN; v/Lb M
a}+s ljQLo ;+:yfn] v/Lb u/L lnPsf] r]s, 8«fˆ6, lgof{t ljnsf] jSof}tf /sd o; zLif{sdf hgfpg' kb{5 .
!!= cGo k|f]8S6x? M
a}+s tyf ljQLo ;+:yfn] k|of]udf NofPsf dfly pNn]v ePb]lv jfx]ssf cGo k|f]8S6x? ePdf o; zLif{s cGt/ut pNn]v ub{} hfg'
kg{]5 . o;/L pk/f]Qm ! b]lv o; zLif{s;Ddsf] ;Dk"0f{ /sdsf] s"n of]u a}+s÷ljQLo ;+:yfsf] ;f] ldltsf] s'n shf{ ;fk6 /sd;+u
d]n vfg' kg]{5 .
!@= cf}Bf]lus ;+:yf M
s'g} klg j:t' pTkfbg ug{], cyf{t sRrf kbfy{ jf c3{tof/L ;fdfgsf] k|of]ujf6 lglZrt dfgj÷d]lzg/Lsf] k|of]u u/L d"No
clej[l4 u/fO{ tof/L j:t' pTkfbg ug{] vfnsf ;+:yfnfO{ uPsf] shf{ ;fk6nfO{ o; pkzLif{sdf hgfpg' k5{ . h:tf] M– :6Ln
pBf]u, l;d]06 pBf]u, ljh'nL pTkfbg, h'6 pBf]u, jfo/ pBf]u, sfk{]6 pBf]u, ufd{]06 pBf]u cflb .
!#= Jofkfl/s ;+:yf M
s'g} yk k|f];]l;+u gu/L tof/L ;fdfg v/Lb÷ljqmL ug{] Joj;flos ;+:yfnfO{ uPsf shf{x?sf] aSof}tf /sd o; pkzLif{s cGt/ut
hgfpg' kg{]5 . h:t}M– /fli6«o Jofkf/ lgud, ;fN6 6«]l8Ë ln=, hg/n 6«]l8+u cflb .
!$= ;]jf Joj;fo ;+:yf M
s'g} klg j:t' pTkfbg ug{] jf v/Lb ljqmL ug{] geO{ u|fxsnfO{ ;]jf k|bfg ug{] clek|fon] :yflkt ;+:yfnfO{ uPsf] shf{ ;fk6nfO{
o; pkzLif{s cGt/ut hgfpg' kg{]5 . o:tf ;+:yf gfkmd'lv jf k/f]ksf/L ;+:yf b'j} x'g ;Sg]5g\ . h:t}M b"/ ;+rf/, :s"n÷sn]h,
gl;{Ë xf]d, xl:k6n, xf]6n cflb .
117
g]=/f=a}+s lgb]{zg kmf=g+=(=$
========================================== lnld6]8
;'/If0f cg';f/sf] shf{ tyf ;fk6sf] ljj/0f -dfl;s_
@) ========== ;fn ================ dlxgfsf] ljj/0f
-?= nfvdf_
ut d;fGtsf] o; dlxgfdf o; dlxgfdf d;fGt;Dddf
;'/If0f efvf gf3]sf]
afFsL ljtl/t c;"nL p7fpg afFsL
;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf Jofh ;+Vof ;fFjf Jofh
! ;'g rfFbL
@ ;/sf/L ;'/If0f kqx?
# u}/ ;/sf/L ;'/If0f kqx?
$ d'2tL /;Lb
$=! cfˆg} ;+:yfsf]
$=@ cGo Ohfht kq k|fKt
;+:yfsf]
% ;DkQLsf] ;'/If0f
%=! :yL/ ;DkQL
5.1.1 3/hUuf
5.1.2 d]lzg/L tyf pks/0fx?
5.1.3 kmlg{r/ tyf lkmS;r/
5.1.4 ;jf/L ;fwgx?
5.1.5 cGo l:y/ ;DkQLx?
%=@ rfn" ;DkQL
%=@=! s[lif k}bfjf/
5.2.2.1 wfg rfdn
5.2.2.2 ;g x}l;ot
5.2.2.3 cGo s[lif k}bfjf/
%=@=@ cGou}/ s[lif k}bfjf/
5.2.2.1 sRrf kbfy{
5.2.2.2 cw{ tof/L a:t'x?
5.2.2.3 tof/L a:t'x?
5.2.2.4 g"g, lrgL, Wo", t]n
5.2.2.5 sk8f
5.2.2.6 cGo j:t'x?
^ ljnx?sf] ;'/If0fdf
^=! :jb]zL ljn
^=@ ljb]zL ljn
6.2.1 cfoft ljn / k|ltt kq
6.2.2 lgof{t ljn
6.2.3 lgof{t ljnsf] lwtf]df
6.2.4 cGo ljb]zL ljn
& hdfgtdf k|jflxt
&=! ;/sf/L hdfgL
&=@ ;+:yfut hdfgL
&=# JolQmut hdfgL
&=$ ;fd"lxs hdfgL
&=% cGt//fli6«o >]0fLs[t
118
ljb]zL a}+ssf] hdfgtdf
&=^ cGo hdfgtdf
* qm]l86 ÷8]lj6 sf8{
( cGo

hDdf

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t


b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M
ldlt M ldlt M

g]=/f=a}+s lgb]{zg kmf=g+=(=%


========================================== lnld6]8
ljkGg ju{ shf{ ljj/0f -q}dfl;s_
@) ========== ;fn ================ dlxgfsf] ljj/0f
-?= nfvdf_
ut qodf;sf] o; qodf;df o; qodf;df o; qodf;;Dddf p7fpg
efvf gf3]sf]
l;=g+= shf{ zLif{s afFsL ljtl/t c;"nL afFsL
;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf Jofh ;+Vof ;fFjf Jofh
!= s'n shf{ ;fk6 –ljN; v/Lb
tyf l8:sfp06 ;d]t_
@= ljkGg ju{ shf{
-s_ k|ToIf nufgL
! s[lif
@ 3/]n' pBf]u
# ;]jf
$= cGo

-v_ ck|ToIf nufgL


-c_ ;+:yfut nufgL =yf]s
shf{_
@=
#=
-cf_ z]o/ nufgL
#= o'jf :j/f]huf/ shf{
hDdf
^ dlxgf cl3sf] s'n afFsL
shf{;+usf] cg'kft

gf]6M ck|ToIf nufgL cGtu{t ;+:yfut nufgL -Wholesale Lending_ / z]o/ nufgLsf] /sd 5'§f5'§} pNn]v ug'{ kb{5 .

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M


b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M
ldlt M ldlt M

119
g]=/f=a}+s lgb]{zg kmf=g+=(=^

================================lnld6]8
;+rfns÷sfo{sf/L k|d'v÷;+:yfks÷sd{rf/L tyf z]o/xf]N8/x¿nfO{ uPsf] shf{ ;fk6 ljj/0f -q}dfl;s_
- @) ;fn dlxgfsf] ljj/0f_
vl/b tyf l*:sfpG^ ul/Psf lanx¿ / shf{, ;fk^ tyf clwljsif{df k|jflxt s"n /sd dWo] ;~rfns, sfo{sf/L k|d'v,
;+:yfks, sd{rf/L, 1 k|ltzt eGbf a(L z]o/ lng] z]o/ xf]N*/x? / lghx¿sf] Psf#/ kl/jf/sf JolQm jf To:tf JolQm
hdfgL a;]sf] jf Dofg]lh+u Ph]G^ ePsf] s'g} ;+:yf jf sDkgLnfO{ uPsf] /sdsf] ljj/)f b]xfo adf]lhd % .

;+:yfks÷;~rfns÷ ut qodf;;Ddsf] o; qodf;df c;'nL o; qodf;;Dd af+sL


sfo{sf/L af+sL
k|d"vsf] gfd ;fjf+ Jofh ;fjf+ Jofh ;fjf+ Jofh
-s_ ;~rfns
1=
2=
-v_ sfo{sf/L k|d'v
1=
2=
-u_ ;+:yfks
1=
2=
-#_ sd{rf/L
1=
2=
-ª_ z]o/xf]N*/x?
1=
2=
hDdf

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M


b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M
ldlt M ldlt M

120
g]=/f=a}+s lgb]{zg kmf=g+=(=&

================================= lnld6]8
;/sf/L ;+:yfgx?nfO{ uPsf] shf{sf] ljj/0f -dfl;s_
@) ======= ;fn ============= dlxgfsf] ljj/0f
-?= nfvdf_
ut o; dlxgfdf o; dlxgfdf d;fGt;Dddf efvf gf3]sf]
shf{
d;fGt;Ddsf] ljtl/t c;'nL p7fpg afFsL
;+:yfgsf] gfd sf]
afFsL
p2]Zo
;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf ;+Vof ;fFjf Jofh ;+Vof ;fFjf Jofh
!= cf}Bf]lus
;+:yfgx?
-s_
-v_
-u_
-3_
-ª_
@= Jofkfl/s
;+:yfgx?
-s_
-v_
-u_
-3_
-ª_
#= ljQLo
;+:yfx?
-s_
-v_
-u_
-3_
-ª_
$= ;]jf ;DaGwL
;+:yfgx?
-s_
-v_
-u_
-3_
-ª_
%= cGo ;/sf/L
;+:yfgx?
-s_
-v_
-u_
-3_
-ª_
hDdf
ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M
b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M
ldlt M ldlt M

121
g]=/f=a}+s lgb]{zg kmf=g+=(=*
=============== Ohfhtkqk|fKt ;+:yf
lgIf]ksf] ljj/0f -dfl;s_
@) ===== ;fn ======== dlxgfsf] ljj/0f
-?=nfvdf_
;l6{lkms]6 hDdf
dfu]sf] avt
vftfjfnfsf] ljj/0f rNtL art d'2tL ckm dflh{g cGo -!_ b]lv
lbg'kg]{ /sd
l8kf]lh6 -&_ ;Dd
-!_ -@_ -#_ -$_ -%_ -^_ -&_ -*_
-s_ :jb]zL d'b|fdf vf]lnPsf] vftf
!= ljb]zL ;+3 ;+:yf tyf JolQm
!=! ljb]zL s'6g}lts / ;xfos lgof]ux?
!=@ ljb]zL ;/sf/af6 ;+rflnt cfof]hgfx?
!=# cGt/f{li6«o ;+:yfx? (UNO nufotsf_
!=$ cGo u}/ ;/sf/L ljb]zL ;+:yfx?
!=$=! cfjf;Lo
!=$=@ u}/ cfjf;Lo
!=% ljb]zL a}+sx?
!=^ cGo ljQLo ;+:yfx?
!=& ljb]zL Po/nfOG;x?
!=* ljb]zL ;/sf/sf] k]G;g SofDkx?
!=*=! ef/tLo ;/sf/
!=*=@ la|l6; ;/sf/
!=( ljb]zL gful/sx?
!=(=! cfjf;Lo
!=(=@ u}/ cfjf;Lo
!=!) cGo
!=!)=! cfjf;Lo
!=!)=@ u}/ cfjf;Lo
@= gu/kflnsf ,uf=lj=;=tyf lhNnf ljsf; ;ldltx?
#= ljQLo ;+:yfx?
#=! lgIf]k :jLsf/ ug]{ ljQLo ;+:yfx?
#=!=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx? -s[=lj= a}+ssf]
jfl0fHo a}+lsË sf/f]af/ ug]{ ;d]t_
#=!=@ ævÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=!=# æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=!=$ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfx?
#=!=% ;xsf/L ;+:yfx? -;Lldt a}+lsË sf/f]af/ ug]{_
#=!=^ u}/ ;/sf/L ;+:yfx? -;Lldt a}+lsË sf/f]af/ ug]{_
#=!=& x'nfs;]jf ljefuåf/f ;+rflnt x'nfs art a}+sx?
-art lgIf]k dfq_
#=@ cGo ljQLo ;+:yfx?
#=@=! g]kfn cf}Bf]lus ljsf; lgud
#=@=@ s[lif ljsf; a}+s -jfl0fHo a}+lsË sf/f]af/ ug]{ afx]s_
#=# lgIf]k :jLsf/ gug]{ ljQLo ;+:yfx?
#=#=! jLdf ;+:yf tyf sDkgLx?
#=#=@ sd{rf/L ;+rosf]if
#=#=# gful/s nufgL sf]if
#=#=$ ======================
#=$ cGo ;xfos ljQLo OsfOx?
#=$=! u|fdL0f :jfjnDag sf]if
#=$=@ dgL r]Gh/
#=$=# lwtf]kq bnfn
#=$=$ lwtf]kq vl/b ljqmL s]Gb|
#=$=% ======================

122
$= u}/ ljQLo ;+:yfx?
$=! ;/sf/L ;+:yf tyf sDkgLx?
$=!=! cf}Bf]lus
$=!=@ Jofkfl/s
$=!=# cGo
$=@ u}/ ;/sf/L ;+:yf tyf sDkgLx?
$=@=! cf}Bf]lus
$=@=@ Jofkfl/s
$=@=# cGo
%= d'gfkmf sdfpg] p2]Zo gePsf ;+:yfx?
%=! ljBfno, dxfljBfno
%=@ xl:k6n, gl;{Ë xf]d
%=# cGo
%=#=! cfjf;Lo
%=#=@ u}/ cfjf;Lo
^= JolQmut
^=! cfjf;Lo
^=@ u}/ cfjf;Lo
&= cGo
&=! cfjf;Lo
&=@ u}/ cfjf;Lo
*= vhfGrLsf] hdfgt
:jb]zL d'b|fdf vf]lnPsf] lgIf]ksf] hDdf -!–*_
-v_ ljb]zL d'b|fdf vf]lnPsf] vftf
!= ljb]zL ;+3 ;+:yf tyf JolQm
!=! ljb]zL s'6g}lts / ;xfos lgof]ux?
!=@ ljb]zL ;/sf/af6 ;+rflnt cfof]hgfx?
!=# cGt/f{li6«o ;+:yfx? (UNO nufotsf_
!=$ cGo u}/ ;/sf/L ljb]zL ;+:yfx?
!=$=! cfjf;Lo
!=$=@ u}/ cfjf;Lo
!=% ljb]zL a}+sx?
!=^ cGo ljQLo ;+:yfx?
!=& ljb]zL Po/nfOG;x?
!=* ljb]zL ;/sf/sf] k]G;g SofDkx?
!=*=! ef/tLo ;/sf/
!=*=@ la|l6; ;/sf/
!=( ljb]zL gful/sx?
!=(=! cfjf;Lo
!=(=@ u}/ cfjf;Lo
!=!) cGo
!=!)=! cfjf;Lo
!=!)=@ u}/ cfjf;Lo
@= :jb]zL ;+3;+:yf tyf sDkgLx?
@=! æsÆ ju{sf Ohfhtkqk|fKt ;+:yfx?
@=@ cGo cfjfl;o If]q
@=# u}x| cfjfl;o If]q
#= JolQmut
#=! cfjf;Lo
#=@ u}/ cfjf;Lo
ljb]zL d'b|fdf vf]lnPsf] lgIf]ksf] hDdf -! – #_
hDdf /sd -s_ ± -v_
hDdf vftf ;+Vof

ljj/0f tof/ ug]{sf] M ljj/0f k]z ug]{ clws[tsf] M


gfd M gfd M
bhf{ M bhf{ M
b:tvt M b:tvt M
ldlt M ldlt

123
g]=/f=a}+s lgb]{zg kmf=g+=(=(
=============== lnld6]8
- Ohfhtkqk|fKt ;+:yfx?n] sfod /fVg' kg]{ clgjfo{ df}Hbft ;DaGwL ;fKtflxs ljj/0f_
ldlt @) ===== ;fn ======== dlxgf ====== ut]b]lv @) ====== ;fn ========= dlxgf======== ut];Ddsf]
-?=xhf/df_
cfOtaf/ ;f]daf/ d+unaf/ a'waf/ ljxLaf/ z'qmaf/ zlgjf/ hDdf cf}ift
s'n lgIf]k bfloTj
-s_ g]kfn /fi6« a}+sdf /x]sf]
df}Hbft- ldlt @) ===== ;fn ========
dlxgf b]lv ======;DDf_
-g]kfn /fi6« a}+s /]s8{ cg';f/_
-v_* æsÆ ju{sf] Ohfhtkqk|fKt
a}+sdf rNtL vftfdf /x]sf]
df}Hbft
-u_ dfu{:y gub
-3_ ;/sf/L C0fkq÷jrtkqsf] ;fFjf
e'QmfgL /sd
-ª_ clgjfo{ df}Hbft k|ltzt

-r_ ;fk6L lnPsf] s'n /sdsf]


ljj/0f
* ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfsf] xsdf dfq .

gfd / y/
ldltM @) . . ljj/0f k]z ug]{ clws[tsf] b:tvt M
bhf{ M

-s_ æs'n lgIf]kÆ eGgfn] rNtL, art / d'2tL vftfsf] /sd tyf dfu]sf avt e'QmfgL lbg kg]{ /sd / ;l6{lkms]6 ckm
l8kf]lh6 ;Demg' k5{ . o; k|of]hgsf] nflu kl/jTo{ ljb]zL d'b|fsf] lgIf]k, sd{rf/L hdfgt tyf dflh{g vftfdf /x]sf]
/sd ;dfj]z x'g] 5}g .
-v_ æd'2tL lgIf]kÆ eGgfn] lglZrt cjlwkl5 lkmtf{ lbg] u/L :jLsf/ ul/Psf] :jb]zL d'b|fsf] lgIf]k ;Demg' k5{ .
-u_ ærNtL / art lgIf]kÆ eGgfn] d'2tL lgIf]k afx]ssf ;a} k|sf/sf lgIf]k ;Demg' k5{ .
-3_ g]kfn /fi6« a}+ssf] ;fwf/0f vftfdf ePsf] df}HbftnfO{ dfq clgjfo{ df}Hbftdf u0fgf ul/g]5 . g]kfn /fi6« a}+sdf ljz]if
k|of]hgsf] nflu vf]lnPsf] ljz]if vftf tyf ljb]zL d'b|f vftfdf /x]sf] /sdnfO{ o; k|of]hgsf] nflu u0fgf ul/g] 5}g .

124
g]=/f=a}+s lgb]{zg kmf=g+=(=!)
======================================= lnld6]8
a}b]lzs ;DklQsf] ljj/0f -dfl;s_
@) ======== ;fn =============== dlxgfsf] ljj/0f
-?=nfvdf_
:jb]zL dfu]sf] vl/b tyf ljb]zL ljb]zL
:jb]zL ;dfzf]wg
ljb]zL a}+s/ avt e'QmfgL ;/sf/ a08
ljb]zL a}+s/ ljQLo n] b]vfPsf]
a}b]lzs ;DklQ a}+s ljQLo k|fKt ul/Psf] sf] cGo
d'b|f ;+:yf nfO{ 8]la6
df}Hbft ;+:yf x'g] ljb]zL 6«]h/L
;fk6L Aofn]G;
df}Hbft /sd ljnx? ljn
1. cd]l/sL 8n/
2. o"/f]
3. :jL; k|m]Gs
4. ci6«]lnog 8n/
5. Sofgl8og 8n/
6. l;+ufk'/ 8n/
7. hfkfgL ofg
8. :jl8; qmf]gf/
9. 8]lg; sf]gf/
10. x+us+u 8n/
11. ;fpbL c/a
l/ofn
12. stf/ l/ofn
13. lrgLof o'cfg
14. ef/tLo ?k}ofF
hDdf

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M


b:tvt M b:tvt M
gfd M gfd M

125
g]=/f=a}+s lgb]{zg kmf=g+=(=!!
======================== lnld6]8
Jofhb/ tyf /sd cg';f/sf] d'2tL lx;fjsf] ljj/0f -q}dfl;s_
@) ======= ;fn ======== dlxgfsf] ljj/0f
-?=nfvdf_
?= %) xhf/ ?=! nfv ! ?=% nfv !
?= %) ?=! s/f]8eGbf
! b]lv ?=! b]lv b]lv ?=! hDdf
xhf/;Dd a9L
zLif{s Jofhb/ nfv;Dd ?=% nfv;Dd s/f]8;Dd
vftf vftf vftf vftf vftf vftf
/sd /sd /sd /sd /sd /sd
;+Vof ;+Vof ;+Vof ;+Vof ;+Vof ;+Vof
-s_ & lbg] ========Ü
========Ü
-v_ !% lbg] ========Ü
========Ü
-u_ ! dlxg] ========Ü
========Ü
-3_ # dlxg] ========Ü
========Ü
-ª_ ^ dlxg] ========Ü
========Ü
-r_ ! jif]{ ========Ü
========Ü
-5_ @ jif]{ ========Ü
========Ü
-h_ # jif{ / ========Ü
;f]eGbf ========Ü
a9L

hDdf M

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M


b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M

126
g]=/f=a}+s lgb]{zg kmf=g+=(=!@
======================== lnld6]8
7"nf C0fLx?;Fu p7fpg afFsL shf{sf] ljj/0f -q}dfl;s_
@) ======= ;fn ======== dlxgfsf] ljj/0f
-?=nfvdf_
nufgLdf /lx/x]sf] s"n /sd ;'ljwf -ckm Jofn]G;L6 sf/f]af/_
k|jflxt
s"n p7fpg afFsL
shf{sf] p7fpg afF sL /sd dWo] sf/f]af/ ;'ljwf pkof]u
C0fLsf] gfd shf{{ :jLs[t
p2]Zo
tyf s"n shf{ /sd efvf gf3]sf] sf]
;Ldf
sf] ePsf]
;'ljwf shf{ /sd lsl;d cjlw /sd
;fFjf Jofh ;fFjf Jofh

hDdf

b|i6JoM != 7"nf C0fLx? eGgfn] æsÆ ju{sf] Ohfhtkqk|fKt ;+:yfsf] xsdf ?= ! s/f]8 / cGo Ohfhtkqk|fKt ;+:yfsf]
xsdf ?= %) nfv jf ;f] eGbf a9L shf{ lnPsf] C0fLnfO{ hgfpFb5 .
@= Ps} ;d"xsf ljleGg sDkgLx?n] 5'§f 5'§} nu]sf] shf{ Psd'i6 ubf{ pk/f]Qm ;Ldf gf3]df Ps} ;d'xsf sDkgL
zLif{s cGtu{t ljleGg sDkgLx?n] nu]sf] shf{nfO{ 5'§f 5'§} -;Ldf ggf3] klg_ o; ljj/0fdf b]vfpg' kg]{5 .
ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M
b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M

127
g]=/f=a}+s lgb]{zg kmf=g+=(=!#
======================== lnld6]8
cjlw cg';f/ efvf gf3]sf] shf{ tyf ;fk6sf] ljj/0f -q}dfl;s_
@) ======= ;fn ======== dlxgfsf] ljj/0f
-?=nfvdf_
# dlxgfb]lv ^ ^ dlxgfb]lv ! ! jif{eGbf a9L
k|jflxt s'n efvf # dlxgf;Dd efvf gf3]sf]
dlxgf;Dd jif{ ;Dd efvf cjlwn] efvf
shf{ ggf3]sf] efvf gf3]sf] s"n shf{
shf{ If]q efvf gf3]sf] gf3]sf] gf3]sf]
shf{ shf{ shf{ shf{ shf{ shf{ shf{
/sd /sd /sd /sd /sd /sd /sd
;+Vof ;+Vof ;+Vof ;+Vof ;+Vof ;+Vof ;+Vof
! s[lif ;DaGwL
@ vfgL ;DaGwL
# pTkfbg ;DaGwL
$ lgdf{0f
% wft'sf pTkfbgx?, d]lzg/L tyf
On]S6«f]lgs cf}hf/ tyf h8fg
^ oftfoft pks/0f pTkfbg Pj+
h8fg
& oftfoft, ;+rf/ tyf hgpkof]uL
;]jfx?
* yf]s tyf v'b|f ljq]mtf
( ljQ, jLdf tyf crn ;Dklq
!) ;]jf pBf]u
!! cGo ;]jfx?
!@ pkef]Uo shf{
!# :yfgLo ;/sf/
!$ cGo
hDdf

ljj/0f tof/ ug]{ M ljj/0f k]z ug]{ clws[t M


b:tvt M b:tvt M
gfd M gfd M
bhf{ M bhf{ M

g]=/f=a}+s lgb]{zg kmf=g+= (=!$


=============================a}+s ln=
cGt/ a}+s sf/f]jf/ ljj/0f -b}lgs_
?=xhf/df
sf/f]jf/ ldlt sf/f]jf/ ePsf] a}+ssf] ;fk6L nufgL Jofhb/ cjlw s}lkmot
gfd -Borrowing_ -Lending_

hDdf /sd
tof/ ug]{ k]z ug]{

128
g]=/f=a}+s lgb]{zg kmf=g+= (=!%
=============================a}+s ln=
q}dfl;s ljQLo ljj/0f
-?=xhf/df_
qm=;+= ljj/0f o; q}df; cl3Nnf] q}df; utjif{sf] ;DjlGwt q}df;
1= s'n k"+hL tyf bfloTj
1=1 r'Qmf k"+hL
1=2 hu]8f tyf sf]ifx?
1=3 C0fkq tyf a08
1=4 ;fk6L
1=5 lgIf]k bfloTj
:jb]zL d'b|f
ljb]zL d'b|f
1=6 cfos/ bfloTj
1=7 cGo bfloTj
2= s'n ;DklQ
2=1 gub tyf a}+s df}Hbft
2=2 dfu tyf cNk ;"rgfdf k|fKt x'g]
2=3 nufgL
2=4 shf{ tyf ;fk6
2=5 l:y/ ;DklQ
2=6 u}/a}lsÍ ;DklQ
2=7 cGo ;DklQ
ut jif{sf] ;DjlGwt
3= gfkmf gf]S;fg lx;fj o; q}df;;Dd ut q}df;;Dd
qodf;;Dd
3=1 Jofh cfDbfgL
3=2 Jofh vr{
3=3 lkm, sldzg / l8:sfp06
3=4 cGo ;~rfng cfDbfgL
3=5 ;6xL 36a9 cfDbfgL
3=6 sd{rf/L vr{
3=7 cGo ;~rfng vr{
3=8 ;Defljt gf]S;fgL Joj:yf
3=9 u}/;~rfng cfDbfgL÷vr{ v'b
3=10 ;Defljt gf]S;fgLaf6 lkmtf{
3=11 c;fdfGo sf/f]jf/af6 ePsf] cfDbfgL÷vr{
3=12 sd{rf/L af]g; Joj:yf
3=13 cfos/ Joj:yf
4= cg'kftx?
4=1 k'FhLsf]if÷hf]lvd efl/t ;DklQ
4=2 lgis[o shf{÷s'n shf{
4=3 ;Defljt gf]S;fgL Joj:yf÷s'n lgis[o shf{

tof/ ug]{ k]z ug]{

129
g]=/f=a}+s lgb]{zg kmf= g+= (=!^

=============================a}+s ln=
ATM, 8]lj6 sf8{ / qm]l86 sf8{ ;DaGwL ljj/0f

ATM 8]lj6 sf8{ qm]l86 sf8{


cl3Nnf] cf=j= ;Ddsf]
;+Vof
o; cf=j= df yk
hDdf
ATM yk ePsf] :yfgsf]
ljj/0f
tof/ ug]{ k]z ug]{

g]=/f=a}+s lgb]{zg kmf= g+= (=!&

==================================================a}+s ln=
zfvf sfof{no ;DaGwL ljj/0f
qm=;+= zfvfsf] gfd, 7]ufgf lhNnf s}lkmot

hDdf

tof/ ug]{ k]z ug]{

130
g]=/f=a}+s lgb]{zg kmf= g+= (=!*

g]kfn /fi6« a}+saf6 Ohfht lnO{ sf/f]jf/ ul//x]sf n3' ljQ ljsf; a}+sx?n] dfl;s ?kdf g]kfn /fi6« a}+s, a}+s
tyf ljQLo ;+:yf lgodg ljefu, ljQLo ;+:yf ;'kl/j]If0f ljefu / n3' ljQ ljefudf clgjfo{ ?kdf k7fpg' kg]{
tYofÍ ljj/0fM
cf=j= ==============================dlxgf=========================
/sd ?= xhf/df
laj/)fx? ;+Vof÷/sd
ut cf=j= sf] cGTo;Ddsf]
sfo{If]q ePsf] lhNnf
o; cf= j= sf] o; dlxgf;Ddsf]
s'n zfvf ;+Vof o; cf= j= sf] o; dlxgf;Ddsf]
sfo{If]qdf ePsf] uf= lj= ;= o; cf= j= sf] o; dlxgf;Ddsf]
s]Gb| ;+Vof o; cf= j= sf] o; dlxgf;Ddsf]
s'n sd{rf/L o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo;Ddsf]
;]jf k'u]sf] hg;+Vof o; dlxgfsf]
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;d"x ;+Vof
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;s[o ;d"x ;+Vof
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;b:o ;+Vof
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;s[o ;b:o ;+Vof
o; cf= j= sf] o; dlxgf;Ddsf]

C)fL ;+Vof ut cf=j=sf] cGTo ;Ddsf]


o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;s[o C)fL ;+Vof
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] dfq
;fwf/)f C)f nufgL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] dfq
;fwf/)f ;f+jf c;'nL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;fwf/)f C)f af+sL
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;fwf/)f C)f efvf gf#]sf]
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;fwf/)f C)f shf{ gf]S;fgL Aoa:yf
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf] Aofh c;'nL
o; cf= j= sf] o; dlxgfsf] Aofh c;'nL
;fwf/)f Aofh
o; cf= j= sf] o; dlxgf ;Ddsf] Aofh c;'nL
o; cf= j= sf] o; dlxgf ;Ddsf] Aofh af+ls
ut cf=j=sf] dfq
cGo C)f nufgL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] dfq
cGo ;f+jf c;'nL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]

131
ut cf=j=sf] cGTo ;Ddsf]
cGo C)f af+sL
o; cf= j= sf] o; dlxgf;Ddsf]

cGo C)f efvf gf#]sf] ut cf=j=sf] cGTo ;Ddsf]


o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
cGo C)f shf{ gf]S;fgL Aoa:yf
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf] Aofh af+sL
o; cf= j= sf] o; dlxgfsf] Aofh c;'nL
cGo Aofh
o; cf= j= sf] o; dlxgf ;Ddsf] Aofh c;'nL
o; cf= j= sf] o; dlxgf ;Ddsf] Aofh af+ls
ut cf=j=sf] dfq
;d"x sf]if C)f nufgL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] dfq
;d"x sf]if ;f+jf c;"nL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]

;d"x sf]if C)f af+sL ut cf=j=sf] cGTo ;Ddsf]


o; cf= j= sf] o; dlxgf;Ddsf]

;d"x sf]if C)f efvf gf#]sf] ut cf=j=sf] cGTo ;Ddsf]


o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;fgf tyf n#' shf{ C)fL ;+Vof
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] dfq
;fgf tyf n#' shf{ nufgL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] dfq
;fgf tyf n#' shf{ c;'nL o; cf= j= sf] o; dlxgfsf] dfq
o; cf= j= sf] o; dlxgf;Ddsf]

;fgf tyf n#' shf{ af+sL ut cf=j=sf] cGTo ;Ddsf]


o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
;fgf tyf n#' shf{ efvf gf#]sf]
o; cf= j= sf] o; dlxgf;Ddsf]

;fgf tyf n#' shf{ gf]S;fgL Joj:yf ut cf=j=sf] cGTo ;Ddsf]


o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf] Aofh af+sL

;fgf tyf n#' shf{ Jofh o; cf= j= sf] o; dlxgfsf] Aofh c;'nL
o; cf= j= sf] o; dlxgf;Ddsf] Aofh c;'nL
o; cf= j= sf] o; dlxgf;Ddsf] Aofh af+sL
ut cf=j=sf] cGTo ;Ddsf]
clgjfo{ art
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
:j]lR%s art
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
cGo art
o; cf= j= sf] o; dlxgf;Ddsf]
ut cf=j=sf] cGTo ;Ddsf]
s"n artstf{ ;+Vof o; dlxgfsf]
o; cf= j= sf] o; dlxgf;Ddsf]

gf]6M tYofÍ pknAw x'g g;Sg] eP clgjfo{ ?kdf cg'dflgt tYofÍ k7fpg' kg]{5 .

tof/ ug]{ k]z ug]{

132
Ohfhtkqk|fKt a}+s ljQLo ;+:yfx?n] o; a}+ssf] ;DalGwt ljefusf] On]S6«f]lgs dfWod -O{d]n_ dfkm{t
;d]t k7fpg' kg]{ tYofÍx? ;DaGwL ljj/0f
cg';"rL÷kmf/fd g+= ljifo tYofÍsf] k7fpg' kg]{ cjlw tYofÍ k7fpg' kg]{ ljefusf] gfd
lsl;d
!=! / !=@ k'+hLsf]if / hf]lvd efl/t ;DklQ dfl;s Ps dlxgfleq a}+s tyf ljQLo ;+:yf lgodg ljefu
/ ;DjlGwt ;'kl/j]If0f ljefu .
@=! shf{ ;fk6 / Joj:yf q}dfl;s Ps dlxgfleq a}+s tyf ljQLo ;+:yf lgodg ljefu
/ ;DjlGwt ;'kl/j]If0f ljefu .
@=@ / @=# u|fxs cg';f/ shf{ / u}/ a}ls+u q}dfl;s Ps dlxgfleq a}+s tyf ljQLo ;+:yf lgodg ljefu
;DklQ / ;DjlGwt ;'kl/j]If0f ljefu .

lgb]{zg g+= #=& cfk;L ;DaGw ePsf u|fxs shf{ cy{– Ps dlxgfleq a}+s tyf ljQLo ;+:yf lgodg ljefu
ljj/0f jflif{s / ;DjlGwt ;'kl/j]If0f ljefu .
%=! t/ntf cg'udg ljj/0f q}dfl;s !% lbg leq . ;DjlGwt ;'kl/j]If0f ljefu
%=@ Jofhb/ hf]lvd cg'udg ljj/0f q}dfl;s !% lbg leq . ;DjlGwt ;'kl/j]If0f ljefu
%=# ljb]zL ljlgdo cg'udg ljj/0f ;fKtflxs & lbgleq ;DjlGwt ;'kl/j]If0f ljefu
(=!, (=@, (=#, (=#-s_, dfl;s tYofÍ ljj/0f dfl;s !% lbg leq . a}+s tyf ljQLo ;+:yf lgodg ljefu
(=$, (=&, (=* / / ;DjlGwt ;'kl/j]If0f ljefu -(=! sf]
(=!) xsdf cg';Gwfg ljefudf ;d]t_ .
(=%, (=^, (=!!, (=!@ q}dfl;s tYofÍ ljj/0f q}dfl;s Ps dlxgfleq a}+s tyf ljQLo ;+:yf lgodg ljefu
/ (=!# / ;DjlGwt ;'kl/j]If0f ljefu .
(=!$ cGt/a}+s sf/f]af/ ljj/0f b}lgs ef]lnkN6 !) a}+s tyf ljQLo ;+:yf lgodg ljefu .
ah]leq
(=!% Quarterly Financial
q}dfl;s Ps dlxgfleq a}+s tyf ljQLo ;+:yf lgodg ljefu
Highlight / ;DjlGwt ;'kl/j]If0f ljefu .
(=!^ ATM, 8]lj6 sf8{ / qm]l86 sf8{
aflif{s cjlw ;lsPsf] !% a}+s tyf ljQLo ;+:yf lgodg ljefu
;DaGwL ljj/0f lbg leq . / ;DjlGwt ;'kl/j]If0f ljefu .
(=!* -3 ju{sf] n3' tYofÍ ljj/0f dfl;s k|To]s dlxgf a}+s tyf ljQLo ;+:yf lgodg ljefu
ljQ ljsf; / ;DjlGwt ;'kl/j]If0f / n3' ljQ
;dfKt ePsf] !%
a}+sx?sf nflu_ lbg leq ljefu .
!#=! clgjfo{ df}Hbft ljj/0f ;fKtflxs ;ft lbgleq ;DjlGwt ;'kl/j]If0f ljefu
!#=@ -3 ju{sf] nflu_ clgjfo{ df}Hbft / t/ntf ljj/0f dfl;s !% lbg leq ;DjlGwt ;'kl/j]If0f ljefu
zfvf sfof{no ;DaGwL ljj/0f q}dfl;s Ps dlxgfleq a}+s tyf ljQLo ;+:yf lgodg ljefu .

Jofhb/ ljj/0f q}dfl;s & lbg leq a}+s tyf ljQLo ;+:yf lgodg ljefu .

gf]6M æ3Æ ju{sf n3' ljQ ljsf; a}+sx?n] sf/f]jf/sf] k|s[ltsf] cfwf/df sf/f]jf/ ePsf ljj/0fx? dfq k7fpg ;Sg]5g\ . o;
lgb]{zgdf pNn]v ePb]lv afx]s o; a}+ssf] cGo ljefu÷sfof{nodf k7fpg' kg]{ ljj/0fx? lgoldt ?kdf k7fpg' kg]{5 .

133
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f= lgb]{zg g+= !)÷)^^

laifo:-Ohfhtkqk|fKt ;+:yfsf] ;+:yfks z]o/ gfd;f/L jf laqmL ;DaGwL Joj:yf .

Ohfhtkqk|fKt ;+:yfn] cfk"mn] lnPsf] ;+:yfks ;d"xsf] z]o/ s'g} JolQm jf ;+:yfnfO{ gfd;f/L jf laqmL ug]{
;DaGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= ;+:yfks / ;+:yfks ;d"xsf] z]o/ lnPsf JolQmx?sf] d[To' ePdf jf k|rlnt sfg'g adf]lhd kfl/jfl/s
c+za08f ePdf k|rlnt sfg'gsf] l/t k'¥ofO{ lghx?sf] xsbf/ jf lghx?n] OR5fPsf] JolQmsf] gfddf
gfd;f/L u/L ;f] sf] kGw| lbg leq o; a}+snfO{ hfgsf/L lbg'kg]{ 5 .
@= k|rlnt sfg'gsf] clwgdf /xL ;+:yfks tyf ;+:yfks ;d"xsf] z]o/ lng] JolQm jf ;+:yfn] cfˆgf] :jfldTjdf
/x]sf] z]o/ b]xfo adf]lhd l/t k'¥ofO{ gfd;f/L jf laqmL ug{;Sg] 5g\ M–
-s_ cfˆgf] :jfldTjdf /x]sf] z]o/ gfd;f/L jf laqmL ug'{ cufj} ;DalGwt Ohfhtkqk|fKt ;+:yf dfk{mt
clgjfo{ ?kdf o; a}+ssf] :jLs[lt lng'kg]{ 5 .
t/, ;+:yfks ;+:yfks jLrdf z]o/ vl/b÷ljqmL ePdf k|rlnt sfg'gsf] l/t k'¥ofO{ v/Lb÷ljqmL u/L
;f] sf] hfgsf/L !% lbg leq o; a}+snfO{ lbg'kg]{ 5 .
-v_ æd[To' eO{ jf k|rlnt sfg'g adf]lhd kfl/jfl/s c+z j08f eO{ xs x:tfGt/0f ePsf] afx]s cGo
cj:yfdf ;+:yfksn] cfˆg} ;d"xsf ;+:yfksnfO{ dfq z]o/ gfd;f/L jf laqmL ug'{kg]{ 5 .
-u_ v08 -v_ adf]lhd ;+:yfks ;d"xdf z]o/ gfd;f/L jf laqmL x'g g;Sg] cj:yf ePdf dfq cGo JolQm
jf ;+:yfnfO{ o; lgb]{zgsf clwgdf /xL z]o/ gfd;f/L jf laqmL ug{ ;lsg] 5 . o;/L ;+:yfks
;d"xsf] z]o/ gfd;f/L jf vl/b u/L lng] JolQm jf ;+:yf klg h'g ;d"xaf6 z]o/ gfd;f/L jf vl/b
u/L lnPsf] xf] ;f]xL ;d"xdf ;dfj]z x'g]5g\ .
-3_ b]xfosf] cj:yf ePsf] s'g} klg JolQm jf ;+:yfnfO{ ;+:yfksn] cfˆgf] :jfldTjsf] z]o/ gfd;f/L jf
laqmL ug{ kfpg] 5}gg\ M–
-!_ shf{ ;"rgf s]Gb|sf] sfnf];"rLdf k/L ;f] ;"rLaf6 k'ms'jf ePsf] ldltn] sDtLdf tLg jif{ gk'u]sf],
-@_ ;DalGwt Ohfhtkqk|fKt ;+:yfsf] cfGtl/s jf afXo n]vfk/LIfsdf lgo'Qm /x]sf],
-#_ ;DalGwt Ohfhtkqk|fKt ;+:yfsf] sfg'gL jf cGo ;Nnfxsf/ kbdf axfn ePsf],
-$_ ;DalGwt Ohfhtkqk|fKt ;+:yf;Fu s'g} lsl;dsf] 7]Ssf k§fdf lx:;]bf/ /x]sf],
-%_ k|rlnt sfg'g adf]lhd s/ r'Qmf gu/]sf] jf :yfoL s/bftf n]vf gDj/ lgoldt gu/]sf],
-^_ s'g} Ohfhtkqk|fKt ;+:yfsf] sfd sf/jfxLdf a]OdfgL jf ablgot u/]sf] s'/f cbfntaf6
k|dfl0ft ePsf],
-&_ lwtf]kq bnfn jf ahf/ lgdf{tf, ;xsf/L ;+:yf,
t/, ;xsf/L ;+:yf ;+:yfks eO{ æ3Æ ju{sf] ;+:yf ;+:yfkgf ug{ jfwf k'u]sf] dflgg] 5}g .
-*_ ;DjlGwt Ohfhtkqk|fKt ;+:yfaf6 shf{ lnPsf] . t/, o; a}+saf6 Ohfhtkqk|fKt æ3Æ ju{sf
ljQLo ;+:yfx?sf] xsdf of] k|fjwfg nfu"x'g] 5}g .
-(_ Ohfhtkqk|fKt ;+:yfsf] r'Qmf k'FhLsf] kGw| k|ltzt eGbf sd z]o/ lnPsf] z]o/wgLn] yk z]o/
gfd;f/L jf vl/b u/L ln+bf lghsf] :jfldTjdf pQm Ohfhtkqk|fKt ;+:yfsf] r'Qmf k'FhLsf] kGw|
k|ltzt eGbf a9L z]o/ :jfldTj x'g] cj:yf ePsf], jf
-!)_ kmd{, sDkgLsf] xsdf ljut @ jif{b]lv ;+lrt d'gfkmfdf ;+rfngdf g/x]sf] .
-!!_ o; a}+sn] ;do ;dodf Ohfhtkqk|fKt ;+:yfsf] ;+:yfks x'g tf]s]sf] Go"gtd of]Uotf / cg'ej
gePsf],
-ª_ Ohfhtkqk|fKt ;+:yfsf] ;+:yfks jf ;+:yfks ;d"xsf] z]o/ vl/b ug]{ kmd{÷sDkgLsf] z]o/ :jfldTj
s'g} klg lsl;dn] x:tfGt/0f ug{' cl3 ;f] kmd{ tyf sDkgLn] o; a}+saf6 :jLs[lt lng'kg]{ 5 .
134
Ohfhtkqk|fKt ;+:yfsf] ;+:yfks jf ;+:yfks ;d"xsf] z]o/ vl/b ug]{ sDkgLsf] z]o/ csf]{ s'g}
sDkgLn] vl/b u/]sf] ePdf To:tf] sDkgLsf] z]o/ klg s'g} klg lsl;dn] x:tfGt/0f ug'{ cl3 o;
a}+saf6 :jLs[lt lng'kg]{ 5 .
#= ;+:yfks jf ;+:yfks ;d"xsf] z]o/ gfd;f/L jf vl/b u/L lng] cGo JolQm jf ;+:yfn] bkmf ! / @ df pNn]v
ePsf] k|lqmof gk'¥ofO{ cfˆgf] :jfldTjsf] z]o/ gfd;f/L jf laqmL ug{ kfpg] 5}gg\ .
$= o; a}+sn] ;+:yfks ;d"xsf] z]o/ gfd;f/L jf laqmL ug{ :jLs[lt lbPsf] ldltn] tLg dlxgf leq cfˆgf]
:jfldTjsf] z]o/ gfd;f/L jf laqmL u/L ;Sg'kg]{ 5 . ;f] cjlw kZrft\ ;+:yfks ;d"xsf] z]o/ laqmL ug{
lbOPsf] :jLs[lt :jtM /2 x'g]5 .
%= o; a}+saf6 ljleGg ldltdf ;+:yfks ;d"xsf] z]o/ gfd;f/L jf laqmL ug{ :jLs[lt lnP/ of] lgb]{zg hf/L
ePsf] ldlt;Dd klg z]o/ gfd;f/L jf laqmL u/L g;s]sf z]o/wgLx?n] k'gM o; lgb]{zg cg'?ksf] k|lqmof
k"/f u/]/ dfq cfˆgf] :jfldTjsf] z]o/ gfd;f/L jf laqmL ug{;Sg] 5g\ .
^= ;+:yfks jf ;f] ;d"xsf] z]o/ gfd;f/L jf vl/b u/L lng] JolQm jf ;+:yfn] o; lgb]{zg ljkl/t x'g] u/L cfˆgf]
:jfldTjdf /x]sf] z]o/ gfd;f/L jf laqmL u/]df o;/L lgb]{zg ljkl/t cfˆgf] :jfldTjdf /x]sf] z]o/ gfd;f/L jf laqmL
ug]{ JolQm jf ;+:yfx? lghx?n] cfˆgf] :jfldTjdf /x]sf] z]o/ gfd;f/L jf laqmL u/]sf] ldltn] sDtLdf kfFr jif{;Dd
csf]{ s'g} Ohfhtkqk|fKt ;+:yfsf]] ;+:yfks x'g tyf s'g} klg Ohfhtkqk|fKt ;+:yfsf] ;+rfns x'g of]Uo x'g] 5}gg\ .
&= k|rlnt sfg'g / o; a}+ssf] lgb]{zg kfngf ug]{÷u/fpg] ;Gbe{df a+}+s tyf ljQLo ;+:yfx?n] wf/0f u/]sf ;+:yfks
z]o/, ;+:yfks – ;+:yfks jLrdf x:tfGt/0f ug'{kg]{ cj:yf cfO{ k/]df o; a}+ssf] :jLs[lt lnO{ k|lt JolQm, kmd{,
sDkgL, ;+:yf tyf ;d"xsf] !% k|ltztsf] ;LdfeGbf a9L ePdf ;d]t v/Lb ljqmL ug{ jfwf k'u]sf] dflgg] 5}g .
t/, o;/L wf/0f u/]sf z]o/ !% k|ltztsf] ;LdfeGbf a9L ePsf] cj:yfdf pQm z]o/ cfkm"n] wf/0f u/]sf] ldltn]
% jif{ leq ljqmL ljt/0f u/L clgjfo{ ?kdf !% k|ltztsf] ;Ldf leq NofO{ ;Sg'\kg]{ 5 .
pk/f]Qm tf]lsPsf] ;Ldfleq sfod g/x]sf a+}s tyf ljQLo ;+:yfsf ;+:Yffks z]o/wgLx?nfO{ pQm ;Ldfleq
gcfP;Dd ;DalGwt a+}s tyf ljQLo ;+:Yffaf6 ljt/0f x'g] gub nfef+;, af]g; z]o/ / xsk|b z]o/df ;xefuL
x'g aGb]h nufOPsf] 5 .
*= ;+:yfkssf] :jfldTjdf /x]sf] z]o/ gfd;f/L jf vl/b u/L lng] JolQm jf ;+:yf klg ;+:yfksx?sf] ;d"xdf
/xg] u/L Ohfhtkqk|fKt ;+:yfn] k|aGwkq / lgodfjnLdf clgjfo{ ?kdf ;+zf]wg ug]{ Joj:yf ug'{kg]{ 5 .
(= a}+s tyf ljQLo ;+:yf ;DaGwL P]gdf pNn]lvt Joj:yf cg'?k a}+s jf ljQLo ;+:yfsf ;+rfns, sfo{sf/L
k|d'v, n]vfk/LIfs, ;lrj jf a}+s jf ljQLo ;+:yfsf] Joj:yfkg tyf n]vf ;DaGwL sfo{df k|ToIf ?kn] ;+nUg
JolQm / ltgLx?sf kl/jf/sf cGo ;b:on] ;d]t tf]lsPsf] cjlw;Dd z]o/ v/Lb ljqmL ug{, u/fpg, ug{ lbg,
lwtf]aGws /fVg, /fVg nufpg jf bfg as; lng, lbg jf n]gb]g ug{ kfO{g] 5}g . ;fy}, o; cl3 g} o;/L
lwtf] aGws /fVg] sfo{ ePsf] xsdf gljs/0f ug{ kfO{g] 5}g .
!)= b]xfosf zt{x? k"/f u/L a}+s tyf ljQLo ;+:yfx?sf] ;+:yfks z]o/ lwtf]aGws /fvL shf{ k|jfx ug{ ;lsg] 5 .
-s_ ;+:yfks z]o/ lwtf] /fvL shf{ k|jfx ubf{ cfO{kg]{ hf]lvd lgoGq0f Pj+ Joj:yfkg ug{] cfjZos pkfox?
cjnDag ug'{kg]{ 5 .
-v_ ;+:yfks z]o/sf] lwtf]df shf{ k|jfx ubf{ z]o/sf] k|rlnt ahf/ d"Nosf] clwstd %) k|ltzt;Dd shf{ lbg
;lsg] 5 . t/, jhf/ d"No sd eO{ shf{ c;'/lIft ePsf] cj:yfdf yk ;'/If0fsf] Joj:yf ug'{kg]{ 5 . ;f]
eGbf j9L shf{ lbg' k/]df cfwf/ v'nfO{ Ps tx dflysf] clws[tsf] :jLs[lt lnP/ dfq shf{ k|jfx ug'{kg]{ .
o; k|of]hgsf] nflu ;~rfns ;ldlt g} ;j}eGbf dflyNnf] clGtd tx dflgg] 5 .
-u_ ;+:yfks z]o/ lwtf]aGws /fvL shf{ k|jfx ubf{ To:tf] z]o/nfO{ u}/ a}+lsË ;DklQ (Non-Banking Asset)
df n}hfg kfO{g] 5}g / o;/L lwtf]jGws /flvPsf] ;+:yfks z]o/ e'QmfgL cjlw gf3]sf] ^ dlxgfleq
k|rlnt sfg'g / o; a}+ssf] lgb]{zgsf] clwgdf /xL ljqmL u/L ;Sg'kg]{ 5 .
-3_ ;+:yfks z]o/ lwtf]aGws /fvL shf{ k|jfx ePsf] cj:yfdf To:tf] shf{sf] e'QmfgL cjlw ls6fg ug'{kg]{
5 / To:tf] cjlw Ps jif{ eGbf a9L x'g] 5}g .
-ª_ ;+:yfks z]o/ lwtf] aGws /fvL shf{ k|jfx ubf{ To:tf] shf{sf] k'g/;+/rgf / k'g/tflnsLs/0f ug{ kfpg]
5}g .
-r_ ;+:yfks z]o/ lwtf]aGws /fvL shf{ k|jfx ubf{ c;n shf{ jfx]s cGo cj:yfdf zt\ k|ltzt shf{
gf]S;fgL Joj:yf ug'{kg]{ 5 .

135
-5_ tf]lsPsf] e'QmfgL cjlwdf shf{ r'Qmf gu/]df ;+:yfks÷;~rfnsnfO{ @! lbgleq clgjfo{ ?kdf sfnf];"rL
(Black Listing) df /fVg l;kmfl/z ug'{kg]{ 5 . ;f] ;DjGwL Joj:Yff C0f k|jfx ubf{ g} C0fLnfO{ shf{ ;Demf}tf
(Loan deed) df pNn]v ug'{kg]{ 5 .
-h_ a'Fbf g+= !) sf] -s_ b]lv -5_ ;Dd plNnlvt Joj:yfx? a}+s tyf ljQLo ;+:yfx?n] cfkm\gf] shf{ gLlt÷
ljlgoddf :ki6 ?kdf pNn]v ug'{kg]{ 5 .
!!= o; a}+saf6 :jLs[lt glnO{ Ohfhtkqk|fKt ;+:yfn] ;+:yfks ;d"xsf] z]o/ gfd;f/L jf laqmL u/]sf] nut s§f u/L
lbPdf To:tf;+:yfnfO{ g]kfn /fi6« a}+s P]g, @)%* sf] bkmf !)) adf]lhd sf/jfxL x'g]5 .
!@= Ohfhtkqk|fKt ;+:yfsf] ;+:+yfks jf ;+:yfks ;d""xsf] z]o/df ;xsf/L ;++:yfx?af6 z]o/ nufgL ug]{] ;DjGwdf M
o; a}+saf6 O{hfhtkq k|fKt u/]sf jf Ohfhtkqsf] nflu gofF lgj]bg k]z x'g] a}+s tyf ljQLo ;+:yfsf] ;+:yfks jf
;+:yfks ;d"xsf] z]o/df k|rlnt sfg'g jdf]lhd ;+:yflkt ;xsf/L ;+:yfx?n] ;+:yfut ?kdf nufgL ug{ kfpg]
5}gg\ . t/, of] Joj:yf æ3Æ ju{sf n3' ljQ ljsf; a}+snfO{ nfu"x'g] 5}g .
!#= Ohfhtkqk|fKt ;+:yfn] ;j{;fwf/0fsf nflu z]o/ ljqmL cfJxfg u/L ljj/0fkq ;d]t hf/L u/L z]o/sf] z'? lg:sf;g
-Initial Public Offering_ sf] dfWodaf6 z]o/ wf/0f u/L sfod x'g cfPsf z]o/wgLx? afx]s ;+:yfks, ;+:yfks
;d"x / Private Placement sf] dfWodaf6 :jb]zL jf ljb]zL JolQm jf ;+:yfn] wf/0f u/]sf]] z]o/ ;d]t o; a}+ssf]
lgodg k|of]hgfy{ ;+:yfks÷;+:yfks ;d"xsf] z]o/ ;/x dflgg]] 5 .
!$= Ps k|ltzteGbf 36L z]o/ v/Lb las|L ;DaGwL ljz]if Joj:yf M
Ohfhtkqk|fKt ;+:yfsf] r'Qmf k'FhLsf] ! k|ltzt jf ;f]eGbf sd z]o/ lnPsf ;+:yfks z]o/wgLx?sf] gfddf /x]sf]
;+:yfks z]o/ k|rlnt P]g sfg'g tyf b]xfosf zt{x?sf] clwgdf /xL ljBdfg ;+:yfksx?aLr jf cGo JolQm jf
;+:yfnfO{ vl/b÷ljqmL ug{sf] nflu o; a}+ssf] :jLs[lt lnO{ /xg' kg]{ 5}g . Ps k|ltzt eGbf a9L z]o/ wf/0f u/]sf
;+:yfks z]o/wgLx?sf] xsdf eg] o; k|of]hgsf] nflu ;+:yfks z]o/ vl08s[t u/L Ps k|ltzt jf ;f] eGbf sd u/L
o:tf] ;'lawf pkof]u ug{ kfO{g] 5}g . Ps k|ltzt eGbf a9L /sdsf] ;+:yfks z]o/ wf/0f u/]sf ;+:yfks
z]o/wgLx?sf] xsdf ;fljs Joj:yf adf]lhd g} ;+:yfks z]o/ vl/b÷ljqmL ;DaGwL] :JfLs[lt o; a}+saf6} lbO{g] 5 .
-s_= ;+:yfks z]o/wgLx?sf] d[To' ePsf], jf k|rlnt sfg'g jdf]lhd kfl/jfl/s c+zj08f ePdf jf cbfntsf] cfb]z
ePsf] cj:yfdf ;DjlGwt xsjfnfnfO{ k|rlnt sfg'g jdf]lhd x:tfGt/0f ug{ ;lsg] 5 .
-v_= d[To' eO{ jf k|rlnt sfg'g jdf]lhd kfl/jfl/s c+zj08f xs x:tfGt/0f ePsf] cj:yfdf afx]s ;+:yfks
z]o/wgLn] cfˆgf] ;+:yfks z]o/ x:tfGt/0f ubf{ ljBdfg ;+:yfks z]o/wgLnfO{ g} k|fyldstf lbg'kg]{ . ljBdfg
;+:yfks z]o/wgLx?n] pQm z]o/ vl/b ug{ grfx]df ;f]sf] lnlvt hfgsf/L lnO{ cGo ;d"x jf jfX\o
JolQm÷;+:yfnfO{ j]rljvg ug{ ;lsg] . ;Dk"0f{ ;+:yfksx?sf] lnlvt ;xdlt lng ;Dej gePdf ;DjlGwt
a}+s÷ljQLo ;:yf dfkm{t /fli6«o:t/sf] klqsfdf sDtLdf #% lbgsf] ;fj{hlgs ;"rgf k|sfzg u/L hfgsf/L
u/fpg] / ;f] cjlwleq s;}n] vl/b ug{ rfx]sf] lnlvt hfgsf/L k]z x'g gcfPdf dfq k|rlnt sfg'gsf]
cwLgdf /xL cGo JolQm÷;+:yfnfO{ ljqmL ug{ ;lsg] 5 .
-u_= ;+:yfks ;d"xsf] z]o/ vl/b ug]{ JolQm÷;+:yfnfO{ ;f]xL ;+:yfks ;d"xdf ;dfj]z ug'{kg]{ . Pp6f a}+s tyf
ljQLo ;+:yfsf] z]o/ o; a}sjf6 Ohfhtkqk|fKt cGo s, v / u ju{sf a}+s tyf ljQLo ;+:yfx? / ;xsf/L
;+:yfx?n] vl/b ug{ kfpg] 5}gg\ .
-3_= b]xfosf] JolQm÷;+:yf ;+:yfks z]o/ vl/b÷laqmL ug]{ sfo{df ;xefuL x'g kfpg] 5}gg\,
• a}+s tyf ljQLo ;+:yf ;DjGwL P]g, @)^# sf] bkmf ( / !! jdf]lhd tf]lsPsf] cjlw / zt{ k'/f gu/]sf],
• a}+s jf ljQLo ;+:yfaf6 hf/L ePsf] z]o/sf] dfu /sd r'Qmf÷e'QmfgL gu/]sf],
• s'g} a}+s÷ljQLo ;+:yfsf] sfdsf/jfxLdf a]OdfgL jf ablgot u/]sf] s'/f cbfntaf6 k|dfl0ft ePsf],
• shf{ ;"rgf s]Gb| lnld6]8sf] sfnf];"rLdf ;dfj]z ePsf] jf km's'jf ePsf] ldltn] sDtLdf # jif{ gk'u]sf],
• ;DalGwt a}+s jf ljQLo ;+:Yffsf] n]vfk/LIfs, sfg'gL jf cGo ;Nnfxsf/ /x]sf],
• ;DalGwt a}+s÷ljQLo ;+:Yff;+u s'g} lsl;dsf] 7]Ssf k§f, ljQLo :jfy{ /x]sf] jf shf{ sf/f]jf/ ul//x]sf],
• kl5Nnf] cfly{s jif{sf] s/ r'Qmf gu/]sf] jf n]vf gDa/ lgoldt gu/]sf],
• lwtf]kq bnfn jf ahf/ lgdf{tf /x]sf],
• ;+:yfks z]o/ vl/b÷ljqmL kl5 sfod x'g cfpg] s'n ;+:Yffksx?dWo] Ps ltxfO{ ;b:ox? :gfts jf ;f] ;/xsf]
of]Uotf k|fKt x'g'kg]{df ;f] cj:Yff ljBdfg /xg g;Sg] b]lvPsf],
• o; a}+sn] tf]s]sf] 9fFrf ;lxtsf] lgj]bg k]z gu/]sf / k|rlnt sfg'gn] cof]Uo 7x/ u/]sf] .
-ª_= ;+ul7t ;+:yfn] z]o/ vl/b ug]{ ePdf pQm ;+:yfsf] sfo{÷p2]Zodf z]o/ vl/b÷ljqmL ug{ kfpg]÷gkfpg] Plsg u/L ljut
@ cfly{s jif{b]lv ;+rfng d'gfkmfdf /x]sf] ljQLo ljj/0f Plsg u/]/ dfq ljqmL ug'{kg]{ . ;fy}, pQm ;+ul7t ;+:Yffsf]
;+rfnsx? ;d]t shf{ ;"rgf s]Gb| lnld6]8sf] sfnf];"rLdf ;dfj]z gePsf] x'g'kg]{ 5 .
-r_= s'g} JolQm kmd{, sDkgL, Psf3/ kl/jf/ jf ;+ul7t ;+:Yffjf6 ;+:Yffks z]o/df nufgL ubf{ o; a}+saf6
Ohfhtkqk|fKt s'g} Ps a+}s tyf ljQLo ;+:Yffdf a9Ldf !% k|ltzt / cGo a}+s tyf ljQLo ;+:yfx?df r'Qmf
136
k'FhLsf] a9Ldf ! k|ltzt;Dd dfq nufgL ug{ ;Sg] Joj:yf /x]sf] x'Fbf ;f] ;DaGwL cj:yf ;DalGwt a}+s jf
ljQLo ;+:yfn] PsLg u/]kl5 dfq ;+:yfks z]o/ v/Lb÷ljqmL sfo{ x'g;Sg]5 .
-5_= dfly a'Fbf 3, ª / r df plNnlvt cj:Yff k"/f eP gePsf] jf/] ;DjlGwt a}+s÷ljQLo ;+:yfsf] ;+rfns ;ldltn]
cfFk}m PsLg u/]/ dfq ;+:yfksx?sf] :jfldTj nut lstfjdf kl/jt{g u/fpg'kg]{ 5 .
;+:yfks z]o/ v/Lb÷laqmL ;DaGwL :jLs[lt ;DalGwt a}+s jf ljQLo ;+:yfsf] ;~rfns ;ldltn] g} k|bfg
ug{;Sg] 5 .
-h_= z]o/wgLx?n] vl/b÷ljqmL ug]{ ;+:yfks z]o/sf] d"No / ;DjlGwt lgsfox?df nfUg] s/, b:t'/, ;]jf z'Ns
k|rlnt sfg'g jdf]lhd x'g]5 .
-em_= r'Qmf k'FhLsf] ! k|ltzteGbf a9L ;+:yfks z]o/ wf/0f u/]sf] cj:yfdf To:tf] z]o/ 6'qmf 6'qmf u/L jf Psd'i6
ljqmL ug{' k/]sf] v08df z]o/ ljqmL÷x:tfGt/0f jf gfd;f/L ;DaGwL k|s[of o; a}+saf6 :jLs[lt k|fKt ePkl5
dfq cl3 a9\g]5 .
-`_= s'g} a}+s jf ljQLo ;+:yfdf ;+:yfks z]o/ lwtf] /fvL shf{ lnPsf] cj:yfdf shf{ c;'nLsf kof{Kt pkfox?
cjnDag ubf{ ;d]t pQm shf{ c;'npk/ x'g g;sL pQm ;+:yfks z]o/ g} hkmt ug'{kg]{ cj:yf l;h{gf x'g uPsf]
cj:yfdf / k|rlnt sfg'g adf]lhd a}+s jf ljQLo ;+:yfsf] ;+:yfks z]o/ laqmL ug'{kg]{ afWofTds cj:yfdf z]o/
;+Vof / cf}lrTosf cfwf/df hkmt ul/Psf]÷afWofTds ?kdf ljqmL ug'{kg]{ pQm ;+:yfks z]o/ ljqmL ug{sf nflu
v/Lbstf{sf] klxrfg ug]{ ;DaGwdf b]xfosf] k|s[of cjnDag ug{ ;lsg] 5 M
• ;+:yfks z]o/ ;fj{hlgs ;"rgf u/L af]nsaf]n -uf]Ko l;N86]08/_ sf] dfWodaf6 k|rlnt sfg'g / g]kfn
/fi6« a}+ssf] gLlt Pj+ lgb{]zg ljk/Lt gx'g] u/L ;DalGwt a}+s jf ljQLo ;+:yfsf ljBdfg ;+:yfks
z]o/wgL nufot cGo OR5's JolQm, kmd{ sDkgL tyf ;+ul7t ;+:yfnfO{ ljqmL ug{ v/Lbstf{ 5gf}6 ug{,
• k|rlnt sfg'g tyf ljBdfg lgb{]zgdf ePsf] Joj:yf adf]lhd o;/L ;+:yfks z]o/ vl/b ug{] vl/bstf{
;+:yfks ;d"xdf g} kg{] Joxf]/f ;d]t hfgsf/L u/fpg] . ;+:yfks z]o/ v/Lbstf{ klxrfg eO{;s]kl5 r'Qmf
kF"hLsf] ! k|ltzteGbf 36L ;+:yfks z]o/ wf/0f ug]{ ;+:yfks z]o/wgLsf] ;+:yfks z]o/sf] xsdf dfly -s_
df pNn]lvt k|s[of ckgfO{ z]o/ ljqmL jf gfd;f/L ug{'kg{] . t/, r'[Qmf k'FhLsf] ! k|ltzteGbf a9L z]o/
:jfldTj wf/0f u/]sf] cj:yfdf z]o/ ljqmL÷x:tfGt/0f jf gfd;f/L ;DaGwL k|s[of o; a}+saf6 :jLs[lt k|fKt
ePkl5 dfq cl3 a9\g .
-6_= ;+:yfks z]o/ laqm]tf shf{ ;"rgf s]Gb| lnld6]8sf] sfnf];"rLdf ;"rLs[t /lx/x]sf] eP To:tf] ;+:yfks z]o/
ljqmLaf6 k|fKt x'g cfpg] /sd clgjfo{ ?kdf shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug'{kg]{ 5 .
-7_= plNnlvt Joj:yfsf] cwLgdf /xL z]o/ vl/b÷ljqmL u/L gofF sfod ePsf ;+:yfks z]o/wgLx? ;lxtsf]
cBfjlws ljj/0f !% lbgleq o; a}+s ;dIf k]z ug'{kg]{ 5 .
-8_= dfly pNn]lvt k|s[of gk'¥ofO{ ;+:yfks z]o/ vl/b laqmL ul/Psf] cj:Yffdf b]xfosf sf/jfxL x'g]5g\
• a}+s jf ljQLo ;+:yfM g]kfn /fi6« a}+s, P]g @)%* sf] bkmf !)) adf]lhd ;r]t u/fpg] nufotsf cGo sf/jfxL
. ljqm]tf ;+:yfks z]o/wgLsf xsdf h'g a}+s jf ljQLo ;+:yfsf] ;+:yfks z]o/ xf] ;f]xL a}+s jf ljQLo ;+:yfn]
hkmt ug{ ;Sg] .
• vl/b÷ljs|Lstf{ MgofF ;+:yfkgf x'g] a}+s jf ljQLo ;+:yfsf] ;+:yfks z]o/df nufgL ug{ / s'g} klg
Ohfhtkqk|fKt ;+:yfsf] ;~rfnssf] ?kdf /xg vl/b÷ljs|L u/]sf] ldltn] % jif{;Dd of]Uo gx'g] .
-9_= k|rlnt P]g, sfg'g / o; a}+saf6 hf/L ul/Psf gLlt lgb]{zgx?df s'g} kl/dfh{g ePdf ;f]xL adf]lhd plNnlvt
Joj:Yffdf kl/dfh{g ePsf] dflgg] 5 .
!%= a}+s tyf ljQLo ;+:yf ;DjGwL P]g, @)^# sf] bkmf (-@_ sf] k|of]hgsf] nflu b]xfodf plNnlvt zt{x?sf] cwLgdf /xL
%! k|ltzteGbf a9L ;+:yfks ;d"xsf] z]o/ :jfldTj /x]sf a}+s tyf ljQLo ;+:yfsf ;+:yfks z]o/wgLx?n] rfx]df
;+:yfks ;d"xsf] z]o/ :jfldTj slDtdf %! k|ltzt sfod /xg] u/L af+sL z]o/ ;j{;fwf/0f z]o/ ;/x bf];|f] k'FhL
jhf/ -Secondary Capital Market_ dfkm{t sf/f]jf/ ug{;Sg]] .
-s_ a}+s tyf ljQLo ;+:yfx?sf] ljQLo sf/f]jf/ ;~rfng ePsf] % jif{ k"/f u/]sf] x'g'kg]{ 5 .
-v_ ;+:yfks jf ;+:yfks ;d"xsf] z]o/ :jfldTj slDtdf %! k|ltzt sfod} /xg'kg]{ 5 .
-u_ %! k|ltzteGbf a9L ePsf] z]o/ :jfldTj lwt]fkq ljlgdo ahf/ lnld6]8 dfkm{t v/Lb÷ ljqmL÷kl/0ft ug{]
k|of]hgsf] nflu ;+:yfksx?sf] z]o/ nufgLsf] cg'kftdf ;dfg'kflts ?kdf (Pro-rata basis) a9L x'g]
z]o/ ;j{;fwf/0fdf kl/0ft u/L k|rlnt sfg'g jdf]lhd lwtf]kq ljlgdo jhf/ lnld6]8 dfkm{t\ v/Lb÷ljqmL
ug{;lsg] 5 . xfn ljQLo sf/f]jf/ ;~rfng ePsf] % jif{ k"/f u/]sf a}+s tyf ljQLo ;+:yfx?n] o;
Joj:yf cg'?k z]o/ las|L ug{;Sg] 5g\ .
t/, s'g} ;+:yfks÷;+:yfks ;d"xdf /x]sf] z]o/wgLn] dfly pNn]v eP cg';f/sf] z]o/x? csf]{ ;d"xdf
kl/0ft ug{ grfx]sf] egL :jM3f]if0ff ljj/0f k|fKt ePsf] cj:yf /x]5 eg] afFsL /x]sf ;b:ox?n]

137
;+:yfks÷;+:yfks ;d"xsf] z]o/ :jldTj %! k|ltzteGbf sd gx'g] u/L To:tf] z]o/ cg'kft pkof]u
ug{kfpg] 5g\ .
-3_ o; ;DjGwdf ;DjlGwt a}+s tyf ljQLo ;+:yfsf] ;~rfns ;ldltsf] l;kmfl/; ;lxt o; a}+saf6 :jLs[lt k|fKt
ug'{kg]{ 5 . o;/L :jLs[lt k|fKt ePkl5 cfufdL ;fwf/0f ;efaf6 k|aGwkq tyf lgodfjnLdf cfjZos ;+zf]wg
u/L ;f]xL adf]lhd z]o/ ;+/rgf ldnfpg'kg]{ 5 . ;f] adf]lhd k|aGwkq tyf lgodfjnLdf cfjZos ;+zf]wg
geP;Dd o;/L v/Lb÷ljqmL÷ kl/0ft x'g] z]o/sf] c+z ;+:yfks ;d"xdf g} /x]sf] dflgg] 5 .
-ª_ k|aGwkq tyf lgodfjnL ;+zf]wg ubf{ ;~rfns ;ldltdf klg z]o/ :jfldTj cg'?k k|ltlglwTj x'g] u/L
ldnfpg'kg]{ 5 .
-r_ Psk6s ;j{;fwf/0f z]o/df kl/0ft e};s]sf] z]o/ k'gM ;+:yfks jf ;+:yfks ;d"xsf] z]o/df kl/0ft
ug{kfOg] 5}g .
-5_ ;+:yfks ;d"xdf /x]sf] z]o/ ;j{;fwf/0f z]o/df kl/0ft u/L ljqmL ug]{ JolQm÷;+:yf sfnf];"rLdf /x]sf]
ePdf lghsf] z]o/ a}+s tyf ljQLo ;+:yfsf] shf{ r'Qmf ug]{ k|of]hgsf] nflu dfq ljqmL ug{ kfOg] 5 .
sfnf];"rLdf /x]÷g/x]sf] Joxf]/f ;DjlGwt a}+s tyf ljQLo ;+:yfn] g} osLg ug'{kg]{ 5 .
-h_ o; Joj:yf cg'?k ljqmL÷kl/0ft ug]{ sfo{ Psk6s dfq ug{kfOg] 5 .
-em_ a}+s tyf ljQLo ;+:yfdf ;~rfnssf] kbdf axfn /x]sf] cj:Yffdf ;d]t ;+:yfks ;d"xsf] z]o/ o;
Joj:yf cg'?k ;j{;fwf/0fdf kl/0ft ug{ jfwfkg]{ 5}g . t/, v/Lb÷ljqmL ;DjGwL k|lqmof k|rlnt sfg'gsf]
cwLgdf /xL ug'{kg]{ 5 .
!^ a}+s tyf ljQLo ;+:yfsf] k"+hL ;+/rgfdf kl/jt{g ug]{ u/L ;+:yfksx?sf] z]o/ :jfldTj cg'kft yk ug]{ cg'dltsf]
nflu o; a}+s ;dIf lgj]bg÷/fosf] nflu k]z x'g cfPsf] cj:yfdf lgDgfg';f/ ul/g] 5 .
-s_ ;+:yfsf] k'FhL ;+/rgfdf kl/jt{g ug{sf] nflu ;DjlGwt ;+:yfsf] jflif{s ;fwf/0f ;ef÷ljz]if ;fwf/0f
;efjf6 :jLs[lt lnPsf] x'g'kg]{ 5 .
-v_ ;j{;fwf/0fdf hf/L ug]{ z]o/sf] k|ltzt s'n hf/L k"+hLsf] sDtLdf #) k|ltzt x'g'kg]{ 5 .
-u_ pk/f]Qm cg';f/ ;+:yfks z]o/sf] cg'kft yk ug{ :jLs[lt k|fKt u/]sf a}+s tyf ljQLo ;+:yfn] a'Fbf g+= !%
df ePsf] Joj:yf adf]lhd ;+:yfks z]o/ ;j{;fwf/0fdf kl/jt{g÷kl/0ft ug{ kfpg] 5}gg\ .
!&= Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] cGo Ohfhkqk|fKt a}+s tyf ljQLo ;+:yfx?df u/]sf] ;+:yfks z]o/
nufgL -Cross Holding_ @)^% cfiff9d;fGtleq -k'gM @)^% r}qd;fGt;Dd Dofb yk ul/Psf]_ leq laqmL -
Divest_ u/L ;Sg'kg]{ tyf @)^% r}qd;fGtleq Right Renounce ug{ ;Sg] Joj:yf ePsf]df pQm Joj:yfsf]]
kfngf gu/]sf a}+s tyf ljQLo ;+:yfnfO{ b]xfo adf]lhdsf] sf/jfxL ul/g] 5 .
s= ;+:yfks z]o/ nufgL -Cross Holding_ cGTo ug]{ ;DaGwL gLltut Joj:yf kfngf gu/]sf a}+s tyf ljQLo
;+:yfn] xsk|b z]o/ vl/b ug{ gkfpg], gub nfef+;, af]g; z]o/nfO{ /f]Ssf /fVg] / /f]Ssf /flvPsf] jf]g; z]o/
nufot ;j} Cross Holding ljqmL -Divest_ u/]kl5 dfq gub nfef+; km's'jf ul/g] 5 .
v= tf]lsPsf] ;do leq klg a]rljvg gu/]sf ;+:yfnfO{ a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf &$
adf]lhd sf/jfxL ul/g] 5 .
!*= a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# afx]s cGo k|rlnt sfg'g adf]lhd :yfkgf eO{ lgIf]k kl/rfng tyf shf{sf]
sf/f]jf/ ul//x]sf ;+:yfn] o; a}+saf6 Ohfhtkqk|fKt -æsÆ, ævÆ / æuÆ ju{sf_ a}+s tyf ljQLo ;+:yfsf] ;+:yfks
z]o/df u/]sf] nufgL @)^% cfiff9d;fGtleq ljqmL gu/]sf] ePdf To:tf] ;+:yfks z]o/df nufgL u/]sf ;+:yfnfO{ xsk|b
z]o/÷gub nfef+; ljt/0f ug{ gkfOg], af]g; z]o/nfO{ /f]Ssf /fVg] / /f]Ssf /flvPsf] jf]g; z]o/ nufot ;j} Cross
Holding ljqmL -Divest_ u/]kl5 dfq gub nfef+; km's'jf ug]{ .
!(= xsk|b z]o/ ;DaGwdf
!= xsk|b z]o/ laqmL ;DaGwdf
-s_ tf]lsPsf] k'FhLsf]if cg'kft sfod u/]sf a}+s tyf ljQLo ;+:yfx¿sf] xsdf xsk|b z]o/ hf/L ubf{ a}+s tyf laQLo
;+:yf ;DaGwL P]g, @)^# sf] bkmf &-!_ adf]lhd ;j{;fwf/0fnfO{ ljqmL ljt/0f ul/Psf] z]o/ wf/0f ug]{ s'g} z]o/wgLn]
vl/b gu/]df jf z]o/ vl/b ug]{ xs c¿nfO{ laqmL jf x:tfGt/0f gu/]df To;/L laqmL x'g g;s]sf] xsk|b z]o/sf] c+z
v08 -u_ df pNn]lvt cj:yfdf afx]s cGo cj:yfdf :jtM vf/]h ug'{kg]{] .
-v_ v08 -s_ adf]lhd vf/]h ug'{ k/]sf] cj:yfdf k|To]s jif{ ;dfg'kflts ¿kdf r'Qmf k'FhL j[l4 ub]}{ n}hfg' kg]{ o;
a}+ssf] k|fjwfg kfngf ug]{ k|of]hgsf nflu To:tf] vf/]hL ug'{ k/]sf] z]o/sf] /sdsf] xb;DdnfO{ cfufdL jif{df
;dfof]hg ug{ ;lsg] .
-u_ v08 -s_ adf]lhd :jtM vf/]h ug'{k/]sf] sf/0faf6 k|rlnt sfg'gL tyf gLltut Joj:yf adf]lhd z]o/ :jfldTj
;+/rgfdf k|lts'n c;/ kg]{ cj:yf ePdf dfq To:tf] z]o/sf] c+z ;fj{hlgs ;"rgf dfkm{t ;fj{hlgs af]nsjf]nsf]
cfwf/ (Public Auction Basis) df Go"gtd k|lt z]o/ d"No ?= !)) tf]sL ljqmL ug{ ;lsg] . o;/L ;fj{hlgs

138
af]nsjf]nsf] dfWodåf/f ljqmL ubf{ k|lt z]o/ ?= !)) eGbf a9L k|fKt x'g cfpg] /sd -Premium_ nfO{ ;DjlGwt
a}+s tyf ljQLo ;+:yfn] 5'6\6} Share Premium zLif{s cGt{ut b]vfpg'kg]{ .
-3_ ;+:yfks÷;+:yfks ;d"x cGtu{tsf] ljqmL x'g g;s]sf] o:tf] xsk|b z]o/sf] c+z k|rlnt Joj:yf cg'?k ljBdfg
;+:yfksx?nfO{ ljqmL ug{ ;lsg] . cGo gofF JolQmx?nfO{ ljqmL ug'{kbf{ o; a}+ssf] k"j{ l:js[lt lnPsf] x'g'kg]{ . o;
k|s[ofaf6 z]o/ vl/b ug]{ JolQm÷;+:yf k|rlnt Joj:yf cg';f/ of]Uotf k'u]sf] x'g'kg]{ .
-ª_ Ohfhtkqk|fKt a}+s÷ljQLo ;+:yfn] xsk|b z]o/ lgisfzg ubf{ ;fljssf ;+:yfks z]o/wgLx?n] v/Lb ug{ kfpg]
xsk|b z]o/sf] ;Dk"0f{ jf cf+lzs xs x:tfGt/0f ug{ rfx]df k|rlnt sfg'g adf]lhd k|jGwkq tyf lgodfjnLdf
Joj:yf u/L r'Qmf k'FhLsf] ! k|ltzt jf ;f]eGbf sd z]o/ lnPsf ;+:yfks z]o/wgLsf] xsdf ;DalGwt a}+s÷ljQLo
;+:yfn] b]xfosf zt{sf] clwgdf /xL] xs x:tfGt/0f ug{ ;Sg]] / ! k|ltzteGbf dfly z]o/ :jfldTj ePsfsf] xsdf o;
a}+ssf] k"j{ :jLs[lt lnO{ xs x:tfGt/0f ug{ ;Sg] .
!= k|:tfljt ;+:yfks z]o/wgL o; a}+saf6 hf/L lgb]{zg cg';f/ ;+:yfks z]o/wgLsf] nflu tf]lsPsf] of]Uotf -Fit
& Proper Test_ k"/f ePsf] x'g'kg]{ .
@= shf{ ;"rgf s]Gb|sf] sfnf];"rLdf k/]sf] x'g gx'g] .
#= k|:tfljt ;+:yfks z]o/wgLn] cfkm\gf] nufgLsf] ;|f]t v'Ng] sfuhft k]z ug'{kg]{ .
$= xsk|b z]o/sf] xs x:tfGt/0f ljBdfg ;+:yfksx?aLrdf g} x'g] ePdf o; a}+saf6 hf/L lgb]{zg cGt/ut /xL
;DalGwt a}+s÷ljQLo ;+:yfn] g} ug{;Sg] .
@= xsk|b z]o/df k"j{ nufgL ug]{ ;DaGwdf
Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] k"FhL kof{Kttf sfod ug]{ k|of]hgsf nflu ;+:yfksx?n] xsk|b z]o/ -Right
Share_ df k"j{nufgL ug{ rfx]df lgDg zt{x?sf] cwLgdf /xL ug{;Sg] 5g\ .
-s_ k'FhL j[l4 ;DaGwL k|:tfj ;DjlGwt a}+s tyf ljQLo ;+:yfsf] ;fwf/0f;efaf6 lg0f{o eO;s]sf] x'g'kg]{ .
-v_ o; a}+ssf] lgb]{zg cg';f/ k'FhLsf]if cg'kft k'¥ofpg] k|of]hgsf] nflu ;+:yfks z]o/wgLx?af6 clu|d ?kdf ;+sng
u/]sf] /sd Calls in Advance zLif{sdf hDdf ug'{kg]{ / To;/L hDdf u/LPsf] /sdnfO{ a}s÷laQLo ;+:yfn]
To;kl5sf] xsk|b z]o/ -Right Share_ hf/L ubf{sf] cj:yfdf clgjfo{ ?kdf ;dfof]hg ug'{kg]{ 5 . To;}u/L, a}+s tyf
ljQLo ;+:yfsf z]o/wgL -;+:yfks÷;j{;fwf/0f ;d"x_ x?n] o; a}+ssf] lgb]{zg adf]lhdsf] cfkm\gf] k"FhL of]hgf cg';f/
;dfg'kflts ?kdf k'FhL k'/\ofpg'kg]{ ;DjlGwt cfly{s jif{ leqdf g} xsk|b z]o/ jfkt /sd hDdf ul/;s]sf] t/ z]o/
af+8kmf+8 gePsf] sf/0f ;DalGwt cfly{s jif{df r'Qmf k'FhL zLif{sdf ;dfof]hg x'g g;s]sf] cj:yfdf To:tf] /sdnfO{
;d]t z]o/ jfkt clu|d ?kdf ;+sng u/]sf] /sdnfO{ Call in Advance zLif{sdf b]vfpg ;lsg] 5 . o;/L cu|Ld
?kdf ;+slnt k'FhL /sdnfO{ o; a}+ssf] lgb]{zg cg';f/ ;dfg'kftLs ?kdf j[l4 ub}{ hfg'kg]{ r'Qmf k'FhLdf u0fgf ug{]
k|of]hgsf nflu ;d]t ;dfa]z ug{ ;lsg] .
-u_ o;/L cu|Ld ?kdf z]o/df nufgL ubf{ ;DalGwt ;+:yfks z]o/wgLn] cfkm\gf] c+z -Share_ ;Dd dfq nufgL
ug{;Sg] .
-3_ o:tf] Calls in Advance sf] ;6\6fdf s'g} k|sf/sf] ;'ljwf, C0f lbg jf lwtf] /fVg gkfOg] .
-ª_ o:tf] Calls in Advance df s'g} k|sf/sf] Jofh -Interest_ lng÷lbg gkfOg] / z]o/ k'FhL jfkt ul/g] To:tf]
clu|d z]o/ nufgL /sdnfO{ s'g} klg cj:yfdf lkmtf{ e'Qmfg ug{, lemSg jf 36fpg -Divestment_ gkfOg] . ;fy},
o:tf] /sd r'Qmf k'FhLdf n]vf+sg geP;Dd o;df nfef+; lbg gkfOg] .
-r_ xsk|b z]o/df ul/g] k"j{ nufgL /sdnfO{ To;kl5sf] xsk|b z]o/ lgZsf;g -Right Share Issue_ ;+u cfj4 -Tie-
up_ ug'{kg]{ .
-5_ o;/L cu|Ld ?kdf ;+slnt k"FhL /sdnfO{ Calls in Advance zLif{sdf b]vfpg'kg]{ / o;df hDdf ePsf] /sdn]
vfd]df zfvf vf]Ng] k|of]hgfy{ cfjZos kg]{ cltl/Qm k'FhLsf] k|of]hgsf] nflu ;d]t r'Qmf k'FhL ;/x g} dfGotf k|bfg
ul/g] .
-h_ xsk|b z]o/df k"j{ nufgL ePklg xsk|b z]o/ lgZsf;g ubf{ k'/f ug'{kg]{ ;Dk"0f{ k|s[of / ljBdfg Joj:yf kfngf
u/]sf]] x'g'kg]{ .
@)= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] Ohfhtkqk|fKt ;+:yfsf] ;+:yfks z]o/ gfd;f/L
jf laqmL ;DaGwL O=k|f=lgb]{zg g+= !)÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9
d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

139
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f= lgb]{zg g+= !!÷)^^

laifoM– ;x–ljQLos/0f shf{ ;DaGwL Joj:yf .

o; a}+saf6 Ohfhtkqk|fKt ;+:yfx?n] ;x–ljQLos/0f (Consortium Financing) cGt/ut k|jfx ug]{ shf{nfO{
Jojl:yt / k|efjsf/L agfpgsf nflu g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L
b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= ;x–ljQLos/0f shf{sf] kl/efiff
laifo jf k|;+un] csf]{ cy{ gnfu]df o; lgb]{zgdf ;x–ljQLos/0f shf{ eGgfn] b'O{ jf b'O{ eGbf a9L
Ohfhtkqk|fKt ;+:yfx?n] cfk;L ;dembf/Lsf] cfwf/df ;+emf}tf u/L s'g} Pp6f u|fxs, kmd{, sDkgLnfO{ jf
kl/of]hgfs]f nflu k|jfx ug{] shf{ ;fk6 tyf ;'ljwfnfO{ ;Demg' k5{ .
@= ;x–ljQLos/0fdf ;xeflutfsf] nflu cfjZos zt{
-!_ o; a}+saf6 ljQLo sf/f]af/ ug{ Ohfhtkqk|fKt ;+:yfx?n] dfq ;x–ljQLos/0fdf efu lng kfpg]
5g\ .
t/ sd{rf/L ;+ro sf]if, gful/s nufgL sf]if / aLdf sDkgLnfO{ o; a}+saf6 ljQLo sf/f]af/ ug{
Ohfhtkqk|fKt ;+:yf cu'jf ;+:yf x'g] u/L u7g x'g] ;x–ljQLos/0f ;d"xdf ;xefuL e} shf{ k|jfx
ug{ of] Joj:yfn] afwf k'¥ofPsf] dflgg] 5}g .
:ki6Ls/0f:– o; lgb]{zgsf] k|of]hgsf]nflu æcu'jf ;+:yfÆ eGgfn] ;x–ljQLos/0f ;d"xn] cu'jf ;+:yf egL
rog u/]sf] s'g} Ohfhtkqk|fKt ;+:yf ;Demg' k5{ .
-@_ pkbkmf -!_ sf] k|ltjGw.Tds jfSof+zdf plNnlvt ;+:yf afx]ssf cGo ljQLo ;+:yfnfO{ ;x–
ljQLos/0fdf ;xefuL u/fOPdf o; a}+snfO{ hfgsf/L u/fpg' kg]{5 .
#= cGo ;+:yfn] C0f k|jfx ug{ / u|fxssf] vftf vf]Ng aGb]h
-!_ ;x–ljQLos/0fdf ;xefuL gePsf] Ohfhtkqk|fKt ;+:yfn] ;x–ljQLos/0f ;d'xåf/f k|jflxt
shf{df yk x'g] u/L s'g} klg k|sf/sf] shf{ ;fk6 tyf ;'ljwf k|jfx ug{ kfpg] 5}g .
t/, ljz]if sf/0f k/]df ;x-ljQLos/0f ;d"xsf] :jLs[lt lnO{ To:tf] ;d"xdf ;xefuL gePsf] s'g}]
Ohfhtkqk|fKt ;+:yfn] ;xljQLos/0f ;d"xåf/f k|jflxt shf{df yk x'g] u/L s'g} klg k|sf/sf] shf{
;fk6 tyf ;'ljwf k|jfx ug{ kfpg]5 .
:ki6Ls/0f:- o; lgb]{zgsf] k|of]hgsf]nflu æ;x–ljQLos/0f ;d"xÆ eGgfn] ;x–ljQLos/0fdf
;xefuL ;+:yfx?sf] ;d"x ;Demg' k5{ .
-@_ ;x–ljQLos/0fsf] Joj:yf cGtu{t shf{ ;fk6 tyf ;'ljwf lnPsf]] s'g} u|fxs, kmd{, sDkgL jf
kl/of]hgfsf] To:tf] shf{ ;fk6 tyf ;'ljwfsf] vftf ;x–ljQLos/0fdf ;xefuL ;b:o afx]ssf cGo
Ohfhtkqk|fKt ;+:yfdf vf]Ng kfOg] 5}g .
t/ To:tf] vftf ljz]if sf/0fj; cGo Ohfhtkqk|fKt ;+:yfdf vf]Ng'kg]{ kl/l:ylt k/]df ;x–
ljQLos/0f ;d"xsf] :jLs[lt lnO{ vf]Ng ;lsg]5 .
$= shf{ ljt/0fsf] lg0f{o ug]{ ;dofjlw
shf{sf] nflu lgj]bg k/L ;x–ljQLos/0f ;d"x u7g eO{ cu'jf ;+:yfsf] rog ;d]t eO;s]kZrft\ gAa]
lbgleq ;x–ljQLos/0fdf ;xefuL x'g] cu'jf ;+:yf tyf ;xefuL ;b:ox?n] shf{ ;fk6 tyf ;'ljwf k|jfx
ug]{ jf gug]{ ;DaGwdf lg0f{o lbO;Sg' kg]{5 .
%= ;xefuL Ohfhtkqk|fKt ;+:yfsf] rog
;x–ljQLos/0fdf ;xefuL x'g] cGo ;b:ox?sf] rog ug]{ clwsf/ C0fL / lghn] shf{ ;fk6 tyf ;'ljwfsf]
nflu lgj]bg lbPsf] Ohfhtkqk|fKt ;+:yfnfO{ x'g]5 .

140
t/, Psk6s ;x–ljQLos/0f ;d"x u7g eO{;s]kl5 ;f] ;d"xsf] ;xdlt lagf gofF ;b:onfO{ k|j]z u/fpg
kfOg] 5}g .
^= ;xljQLos/0f ;d"xsf] u7g
bkmf % jdf]lhd rog ePsf ;Dk"0f{ Ohfhtkqk|fKt ;+:yfn] shf{ ;fk6 tyf ;'ljwf k|jfx ug{' cl3 ;x–
ljQLos/0fdf ;xefuL x'g] Ohfhtkqk|fKt ;+:yfx?sf] ;x–ljQLos/0f ;d"x u7g ug'{kg]{ 5 . ;f] ;d"xsf]
cfGtl/s sfo{ljlw ;d"x :jo+n] lgwf{/0f u/] adf]lhd x'g]5 .
&= cu'jf ;+:yfsf] rog
;a}eGbf a9L shf{ ;fk6 tyf ;'ljwfsf] c+z nufgL ug{ OR5's, u|fxs;Fu nfdf] cjlwb]lv kl/lrt, ;x–
ljQLos/0fdf cg'ej k|fKt tyf Jofj;flos ;Nnfx lbg] ;Ifdtf cflbsf] cfwf/df ;x–ljQLos/0f ;d"xsf
;b:on] cfkm"dWo]af6 s'g} Ps Ohfhtkqk|fKt ;+:yfnfO{ cu'jf ;+:yfsf] ?kdf rog ug'{kg]{ 5 .
*= shf{ ljt/0f tyf c;'nL cu'jf ;+:yfaf6 ug'{kg]{
;x–ljQLos/0f cGtu{t shf{ ;fk6 tyf ;'ljwf k|jfx ubf{ / ;f]sf] ;fFjf / Jofh c;'nL ubf{ cu'jf ;+:yf
dfkm{t\ ug'{kg]{ 5 . ls:tf ;fFjf tyf Jofh cfFlzs ?kdf c;'nL ePsf] cj:yfdf nufgLsf] cg'kftdf
bfdf;fxLn] jfF8kmfF8 ug'{kg]{ 5 .
(= cu'jf ;+:yfsf] sfd, st{Jo / clwsf/
cu'jf ;+:yfsf] sfd, st{Jo / clwsf/ b]xfo adf]lhd x'g]5 M–
-s_ ;x–ljQLos/0fdf ;xefuL ;b:ox?sf] cu'jf tyf k|ltlglw -Ph]G6_ sf] ?kdf sfd ug]{,
-v_ ;x–ljQLos/0fdf ;xefuL ;b:ox?sf aLrdf ;dGjo ug]{ / cfjZos kqfrf/ ug]{,
-u_ ;x–ljQLos/0f ;d"xsf] a}7s slDtdf tLg dlxgfdf Ps k6s clgjfo{ ?kdf af]nfpg],
-3_ s'g} ljz]if sf/0f k/L ;x–ljQLos/0f ;d"xsf] s'g} ;b:on]] ;d"xsf] a}7s af]nfpg dfFu u/]df kGw|
lbg leq a}7s af]nfpg],
-ª_ kl/of]hgf ljZn]if0f ug{], k|ltj]bg tof/ ug]{ / ;f] k|ltj]bgsf] k|lt ;x–ljQLos/0fdf ;xefuL
;b:ox?nfO{ pknAw u/fpg],
-r_ kl/of]hgfsf] nflu cNksfnLg shf{ dfu ePdf ;f]sf] cfjZostfsf] ljZn]if0f ug]{,
-5_ ;x–ljQLos/0fdf ;xefuL ;b:ox?sf] ;xdltsf cfwf/df ;x–ljQLos/0f ;DaGwL ;+emf}tfsf
zt{x? tof/ ug]{ / To:tf zt{x?sf] Ps÷Ps k|lt ;a} ;xefuL ;b:ox?nfO{ pknAw u/fpg],
-h_ shf{ ;fk6 tyf ;'ljwf k|jfx ug{sf nflu cfjZos sfuhft tof/ kfg]{,
-em_ lwtf] /f]Ssf /fVg] Joj:yf ldnfpg] tyf jLdf nufotsf nufgL ;'/lIft ug]{ ;DaGwL ;Dk"0f{ sfo{x?
ug]{ ,
-`_ shf{ ;fk6 tyf ;'ljwf ;'/If0f ;DaGwL ;Dk"0f{ sfuhftx? ;'/lIft /fVg] / To:tf sfuhftx?sf]
k|ltlnlk ;a} ;xefuL ;b:ox?nfO{ pknAw u/fpg],
-6_ ;do–;dodf C0fLaf6 cfjZos tYofÍ tyf cGo ;"rgfx? k|fKt ug]{ / ;f] ;"rgfx? ;a} ;xefuL
;b:ox?nfO{ pknAw u/fpg],
-7_ ;do ;dodf ;xefuL ;b:ox?sf] ;xeflutfdf kl/of]hgfsf] :ynut lg/LIf0f ug]{ / lg/LIf0f
k|ltj]bg tof/ ug]{ tyf ;f] k|ltj]bgsf] k|ltlnlk ;a} ;xefuL ;b:ox?nfO{ pknAw u/fpg]],
-8_ shf{ ;fk6 tyf ;'ljwf k|jfx ul/Psf] kl/of]hgfsf] ;do ;dodf sfo{;Dkfbgsf] d"NofÍg u/L
;f]sf] hfgsf/L ;a} ;b:ox?nfO{ u/fpg],
-9_ ;x–ljQLos/0f ;DaGwL o; a}+sdf k7fpg' kg]{ ;Dk"0f{ ;"rgfx? k7fpg], ;x–ljQLos/0fsf jf/]df
cu'jf ;+:yfsf] ?kdf / cGo ;xefuL ;b:ox?sf] tk{maf6 ;d]t o; a}+sdf cfjZos kqfrf/ ug]{ /
;f]sf] hfgsf/L ;a} ;xefuL ;b:ox?nfO{ lbg],
-0f_ C0f gltg]{ C0fL pk/ s'g} lsl;dsf] sfg'gL sf/jfxL cufl8 a9fpg' kg]{ cj:yf cfPdf ;x–
ljQLos/0f ;d"xsf]] a}7saf6 ;f]sf] lg0f{o u/fO{ cfjZos sfg'gL sf/jfxL cufl8 a9fpg],
-t_ cfˆgf] e"ldsf lgjf{x u/]afkt C0fL ;d]tsf] ;xdltdf ;x–ljQLos/0f ;d"xn] lg0f{o u/] adf]lhd
;]jfz'Ns lng ;Sg],
-y_ ;x–ljQLos/0f cGtu{t nufgL ug{ sa'n u/]sf] /sd s'g} ;b:oaf6 ljt/0f ug{ l9nfO{ e} ;f] /sd
;xefuL ;b:osf] tk{maf6 cu'jf ;+:yfn] cfkm\gf] k|ltu|fxs shf{ ;Ldfleq /xL k|jfx u/]df ;fFjf

141
/sd / l9nfO{ u/]hlt cjlwsf] Aofh tyf ;xljQLos/0f ;d"x jLrsf] ;xdltdf lgwf{/0f ul/P
adf]lhd xhf{gf ;d]t l9nfO{ ug]{ ;xefuL ;b:oaf6 c;'npk/ ug{;Sg],
-b_ ;x–ljQLos/0fsf] Joj:yf ldnfpFbf x'g] ljleGg vr{ nufot C0f gltg]{ C0fL pk/ sfg'gL sf/jfxL
cufl8 a9fpFbf x'g] vr{ C0fLaf6 c;'n x'g g;s]df ;a} ;xefuL ;b:ox?af6 nufgL ul/Psf] shf{
/sdsf] cg'kftdf c;'npk/ ug{;Sg],
-w_ shf{ ;fk6 tyf ;'ljwf k|bfg ug'{ cl3 shf{ ;"rgf s]Gb|af6 C0fLsf ;DaGwdf cfjZos ;"rgf
lng'kg]{ / o;/L ;"rgf lnFbf To:tf] C0fL sfnf] ;"rLdf k/]sf] jf lghn] s'g} shf{ oyf;dodf r'Stf
gu/]sf] ePdf shf{ k|jfx ug{ gkfOg],
-g_ ;x–ljQLos/0f ;DaGwL ;Demf}tfdf pNn]v eP adf]lhd C0fLnfO{ oyf;dodf shf{ ;fk6 tyf
;'ljwf pknAw u/fpg] .
-k_ o; a}+ssf] lgb]{zgsf] cwLgdf /xL ;x–ljQLos/0f ;d"xsf] a}7ssf] lg0f{ofg';f/ cGo cfjZos
sfd sf/jfxL ug]{,
!)= ax'dtsf] lg0f{o dfGo x'g]
;x–ljQLos/0fdf ;xefuL ;b:ox?sf aLr s'g} ljifodf dt}Sotf x'g g;s]df ax'dtaf6 lg0f{o lng'kg]{ 5
/ To:tf] dtsf] u0fgf ubf{ shf{ nufgLsf] k|ltztsf] cfwf/df ug'{kg]{ 5 . sy+sbflrt dt a/fa/ ePdf
cu'jf ;+:yfn] lg0ff{os dt lbg kfpg] 5 .
!!= ;x–ljQLos/0fdf ;xefuL ;b:ox?sf] bfloTj tyf st{Jo
;xefuL ;b:ox?sf] bfloTj tyf st{Jo b]xfo adf]lhd x'g]5 M–
-s_ cu'jf ;+:yfnfO{ cfˆgf] tk{maf6 ;x–ljQLos/0f ;DaGwL sfdsf/jfxL ug]{ :jLs[lt kq -d~h'/Lgfdf_ lbg],
-v_ cu'jf ;+:yfnfO{ cfˆgf] e"ldsf lgjf{x ug{ cfjZos kg]{ ;Dk"0f{ ;xof]u pknAw u/fpg],
-u_ ;x–ljQLos/0f ;DaGwL a}7sdf ;qmLo?kn] efu lng],
-3_ ;x–ljQLos/0f ;d"xsf] a}7saf6 cf}krfl/s ?kdf shf{, ;fk6 tyf ;'ljwf lbg] lg0f{o eO{ ;s]kl5
;x–ljQLos/0f ;DaGwL ;+emf}tfsf zt{x? df pNn]lvt ;Dk"0f{ zt{x?sf] kfngf ug]{,
-ª_ ;x–ljQLos/0fsf] efjgfnfO{ sb/ u/L oyf;So ;a} lg0f{ox?df dt}So x'g] u/L cfk;L ljjfbx?
;dfwfg ug{ k|of; ug]{,
-r_ s'g} Ps ;b:on] csf]{ ;b:osf] clxt x'g] u/L cfkm\gf] :jfy{ k"lt{ x'g] s'g} sfd sf/jfxL gug]{],
-5_ cfk"mn] k|jfx ug]{ shf{ :jLs[t u/]kl5 cu'jf ;+:yfnfO{ hfgsf/L u/fO{ oyf;dodf ;f] /sd pknAw
u/fpg],
-h_ ;x–ljQLos/0f ;DaGwL ;a} sfd sf/jfxL kf/bzL{?kdf u/L shf{ / C0fL;+u ;DalGwt s'g} klg
;"rgf Ps cfk;df cfbfg–k|bfg ug]{,
-em_ ;x–ljQLos/0f ;d"xsf] a}7sn] u/]sf] lg0f{osf] sfof{Gjog oyfzL3| ug]{,
-`_ s'g} klg ;b:on] s'g} kl/of]hgfdf tf]lsPsf] ;LdfeGbf a9L /sd nufgL ug{, PstkmL{ ?kdf shf{
c;'nL ;DaGwL sfd sf/jfxL ug{ / ;f] shf{sf] leGg lsl;dn] juL{s/0f ug{ gkfpg],
-6_ ;x–ljQLos/0f ;DaGwL ;Demf}tfdf pNn]v eP adf]lhd C0fLnfO{ oyf;do shf{ ;fk6 tyf ;'ljwf
pknAw u/fpg' kg]{ .
!@= yk shf{ ;DaGwL Joj:yf
;x–ljQLos/0f cGt/ut k|jflxt shf{df s'g} C0fLnfO{ yk shf{ k|bfg ug'{k/]df b]xfosf cfwf/df ug'{kg]{ 5 M–
-s_ C0fLsf] cfjZostfsf] ljZn]if0f u/L ;x–ljQLos/0f ;d"xn] dfq yk shf{ ;fk6 tyf ;'ljwfsf
/sd k|bfg ug]{ ;DaGwdf lg0f{o ug{ ;Sg] . o;/L k|bfg ug{ lg0f{o ePsf] yk shf{ /sd ;a}
;b:ox?n] cf–cfkm"n] k"j{ k|jfx u/]sf] /sdsf] cg'kftdf k|bfg ug'{kg]{ .
-v_ v08 -s_ adf]lhd yk shf{ k|bfg ug]{ lg0f{o eP kZrft\ s'g} ;xefuL ;b:on] cfkm"n] k|jfx ug'{kg]{]
yk /sd k|jfx ug{ c;dy{tf hgfPdf afFsL ;b:ox? Jff afFsL ;b:ox?sf] ;xdltaf6 cGo s'g}
;b:on] To:tf] af+sL /sd ;d]t k|jfx ug{;Sg] jf yk nufgLsf nflu ;x–ljQLos/0f ;d"xsf]]
;xdltdf C0fLsf] ;d]t ;xdlt lnO{ gofF ;b:onfO{ ;dfj]z ug{ ;lsg] .
-u_ C0fLnfO{ yk shf{ jf ;'ljwfsf] cfjZostf k/]sf] cj:yfdf ;x–ljQLos/0fdf ;+nUg ;+:yfx?n]
shf{ jf ;'ljwf k|bfg ug{ g;Sg] cj:yf k/]df ;f] sf] lnlvt hfgsf/L C0fLnfO{ lbg'kg]{ 5 .

142
!#= ;x–ljQLos/0faf6 x6\g;Sg] cj:yf
-!_ kl/of]hgf ;+rfngdf cfO;s]kl5 b]xfosf] cj:yfdf dfq ;x–ljQLos/0f ;d"x 5f]8\g ;lsg] 5 M–
-s_ ;x–ljQLos/0f ;d"x 5f]8\g OR5's ;b:osf] lx:;f cGo ;b:on] lng d~h'/ u/]df,jf
-v_ laBdfg ;b:ox?sf] ;xdltdf gofF ;b:onfO{ cfˆgf] lx:;f laqmL u/]df .
-@_ ;x–ljQLos/0f ;d"x 5f]8\g] ;b:osf] lx:;f :jLsf/ ug]{ s'g} klg ;b:on] k'/fgf] ;b:osf] ;Dk"0f{
bfloTj jxg ug'{kg]{ 5 . ;x–ljQLos/0f 5f]8\g rfxg] ;b:on] cfˆgf] lx:;f l8:sfp06 jf lk|ldoddf
;d]t laqmL ug{ ;Sg]5 .
-#_ pkbkmf -!_ df h'g;'s} s'/f n]lvPsf] eP tfklg ;x–ljQLos/0f ;d"xdf k|j]z ul/;s]kl5 s'g} klg
;b:on] ;DalGwt kl/of]hgf ;+rfngdf cfpg'k"j{ ;f] ;d"xaf6 x6\g kfpg] 5}g .
!$= n]vfk/LIfs jf k/fdz{bftf lgol'Qm ug{;Sg]
C0fLsf] ljQLo l:ylt ;do–;dodf d"NofÍg ug{ cfjZos b]lvPdf ;x–ljQLos/0f ;d"xn] cfˆgf] tk{maf6
:jtGq n]vfk/LIfs jf k/fdz{bftf lgo'Qm ug{;Sg] 5 . o;/L lgo'Qm n]vfk/LIfs jf k/fdz{bftfsf] vr{
cfkm"n] k|jfx u/]sf] shf{ nufgLsf] cg'kftdf ;x–ljQLos/0f ;d"xsf k|To]s ;b:on] Joxf]g'{kg]{ 5 .
!%= ;x–ljQLos/0f ;DaGwdf k7fpg'kg]{ ljj/0f
cu'jf ;+:yfn] lgb]{zg kmf=g+= !!=! jdf]lhd ;x–ljQLos/0f ;DaGwL k|To]s cfly{s jif{sf] cflZjg, kf}if, r}q
/ cfiff9 d;fGtsf] ljj/0f qodf; ;dfKt ePsf] ldltn] tL; lbg leq o; a}+ssf] a}+s tyf ljQLo ;+:yf
lgodg ljefu / ;DjlGwt ;'k/Lj]If0f ljefudf clgjfo{ ?kdf k7fpg'kg]{ 5 .
!^= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] ;x–ljQLos/0f shf{ ;+aGwL O=k|f= lgb]{zg g+=
!!÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;}
ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

lgb]{zg kmf=g+= !!=!


======================= lnld6]8 -cu'jf a}+s_
;x–ljQLos/0f shf{ ljj/0f
@)^======== ;fn ===================== dlxgfsf] -q}dfl;s ljj/0f_

k|bfg u/]sf] shf{ e'StfgL yk shf{ k|bfg c;'nL /sd afFsL /sd
l;= ;d"xsf] gfd C0fLsf] /sd ldlt /sd ldlt ;fFjf Jofh ;fFjf Jofh s}lkmot
g+= gfd, ldlt
7]ufgf

;+nUg a}+s tyf ljQLo ;+:yfsf] ljj/0f s}lkmot dxndf pNn]v ug'{kg]{ 5 .

143
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= !@÷)^^

ljifo M shf{ ;"rgf tyf sfnf];"rL ;DaGwL Joj:yf .

o; a}+sjf6 Ohfhtkqk|fKt ;+:yfx?sf] shf{ k|jfxdf z'4tf / pko'Qmtf sfod ug]{ k|of]hgsf] nflu ;f]
;DaGwL ;"rgf Joj:yf / oyf ;dodf shf{ gltg]{ C0fLx?sf] sfnf] ;"rL tof/ ug]{ sfo{nfO{ lgoldt tyf Jojl:yt
u/L Pp6} :yfgaf6 ;"rgf k|fKt x'g] Joj:yf ug{ jf~5gLo x'g cfPsf]n] g]kfn /fi6« a}+s P]g, @)%* sf] bkmf ** sf]
k|of]hgsf] nflu ;f]xL P]gsf] bkmf &( / g]kfn /fi6« a}+s shf{ ;"rgf ljlgodfjnL, @)%( sf] ljlgod & n] lbPsf]
clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
1. shf{ ;"rgf s]Gb| ;DaGwL Joj:yf
sDkgL P]g, @)^# cGtu{t ;+:yfkgf eO{ ;~rfngdf /x]sf] shf{ ;"rgf s]Gb| ln= nfO{ g} g]kfn /fi6« a}+s
P]g, @)%* sf] bkmf ** / g]kfn /fi6« a}+s shf{ ;"rgf ljlgodfjnL, @)%( sf] ljlgod # adf]lhdsf] shf{
;"rgf s]Gb| -s]Gb|_ tf]lsPsf] 5 .
2. s]Gb|df C0fL -u|fxs_ ;DaGwL ljj/0f k7fpg' kg]{
@=! Ohfhtkqk|fKt ;+:yfn] q}dfl;s ljj/0f k7fpg' kg]{
Ohfhtkqk|fKt ;+:yfn] cfkm"n] :jLs[t u/]sf] klRr; nfv ?k}ofF jf ;f] eGbf a9Lsf] shf{÷;'ljwf
;DaGwdf o;};fy ;+nUg s=;"=kmf=g+= ! -s_, -v_, -u_ / s=;"=kmf=g+= @ cg';f/sf] ljj/0f e/L dlxgf
e'Qmfg ePsf] ldltn] kGw| lbg leq / shf{ r'Qmf geP;Dd s=;"=kmf=g+= @ cg';f/sf] ljj/0f q}dfl;s
?kdf cfiff9, cflZjg, kf}if / r}q dlxgf ;dfKt ePsf] ldltn] kGw| lbgleq lgoldt ?kdf s]Gb|df
k7fpg' kg]{5 . o;/L s]Gb|df k7fPsf] s=;"=kmf=g+= – ! cg';f/sf] ljj/0fdf kl5 s'g} kl/jt{g ePdf jf
shf{ r'Qmf ePdf jf efvf gf3]sf] shf{ lgoldt ePdf jf efvf ldlt yk jf k'gtf{lnsLs/0f (Re-
schedule) ePdf ;f]sf] hfgsf/L ;d]t kGw| lbg leq clgjfo{ ?kdf s]Gb|nfO{ pknAw u/fpg' kg]{5 .
@=@ s]Gb|Lo tyf If]qLo sfof{nox?n] ljj/0f k7fpg' kg]{
s'g} C0fLn] Pp6} Ohfhtkqk|fKt ;+:yfsf] zfvf÷sfof{noaf6 lnPsf] jf :jLs[lt ePsf] shf{÷;'ljwf
klRr; nfv ?k}ofF eGbf sd ePtf klg To:tf] u|fxsn] Pp6} If]qLo sfof{no cGtu{tsf ljleGg
zfvfx?af6 jf leGbf leGb} If]qLo sfof{no cGtu{tsf zfvfx?af6 lnPsf] jf :jLs[lt ePsf] shf{
;'ljwfsf] of]u /sd klRr; nfv ?k}ofF jf ;f]eGbf a9L x'g] ePdf leGbf leGb} If]qLo sfof{no
cGtu{t k/]sf]df s]Gb|Lo sfof{non] / Pp6} If]qLo sfof{no cGtu{t k/]sf]df If]qLo sfof{non]
s=;"=kmf=g+= ! / @ cg';f/sf] ljj/0f x/]s qodf; ;dfKt ePsf] ldltn] kGw| lbg leq shf{ ;"rgf
s]Gb|df k7fpg' kg]{5 .
@=# u|fxssf] ljj/0f lng' kg]{
Ohfhtkqk|fKt ;+:yfn] s'g} JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ klRr; nfv ?k}ofF jf ;f]eGbf
a9Lsf] shf{÷;'ljwf k|bfg ug'{ k"j{ u|fxs÷C0fLsf] b]xfo adf]lhdsf] ljj/0f lng' kg]{5 M–
-s_ JolQmsf] xsdf lghsf] gful/stfsf] k|ltlnlk, :yfoL tyf c:yfoL 7]ufgf, lghsf] tLgk':t] /
Psf3/ kl/jf/sf ;b:ox?sf]] ljj/0f .
-v_ k|f]k|fO{6/l;k kmd{sf] xsdf v08 -s_ df pNn]v eP cg'?ksf] k|f]k|fO6/x?sf] ljj/0f / kmd{sf]
tk{maf6 sf/f]jf/ ug{ clVtof/k|fKt JolQmsf] gfd, y/ / 7]ufgf / ;fem]bf/L ;Demf}tfsf]
k|ltlnkL .
-u_ ;fem]bf/L kmd{sf] xsdf v08 -s_ df pNn]v eP cg'?ksf] ;fem]bf/x?sf] ljj/0f / kmd{sf]
tk{maf6 sf/f]jf/ ug{ clVtof/k|fKt JolQmsf] gfd, y/ / 7]ufgf / ;f] ;DjGwL lg0f{o .
-3_ k|fOe]6 sDkgLsf] xsdf ;+rfns / ;f] sDkgLsf] k|Gw| k|ltzt jf ;f] eGbf a9L z]o/ :jfldTj
ePsf z]o/wgLx?sf] v08 -s_ df pNn]v eP cg'?ksf] ljj/0f / sDkgLsf] tk{maf6 sf/f]jf/
ug]{ clVtof/k|fKt JolQmsf] gfd, y/ / 7]ufgf / ;f] ;DjGwL lg0f{o .

144
-ª_ klAns sDkgLsf] xsdf ;+rfnsx? / ;f] sDkgLsf] kGw| k|ltzt jf ;f] eGbf a9L z]o/
:jfldTj ePsf z]o/wgLx?sf] v08 -s_ df pNn]v eP cg'?ksf] ljj/0f / sDkgLsf] tk{maf6
sf/f]jf/ ug{ clVtof/k|fKt JolQmsf] gfd, y/, 7]ufgf / ;f] ;DjGwL lg0f{o .
-r_ lwtf] d"NofÍgstf{sf] gfd, y/ / 7]ufgf .
-5_ hdfgt lbg]sf] v08 -s_ df pNn]v eP cg'?ksf] ljj/0f .
3. clgjfo{ ?kdf shf{ ;"rgf lng'kg]{
#=! Ohfhtkqk|fKt ;+:yfn] bz nfv ?k}ofF jf ;f]eGbf a9Lsf] gofF shf{ k|jfx ug{, k'/fgf] shf{ gjLs/0f
ug{, k'g/;+/rgf jf k'gtf{lnsLs/0f ug{' cufj} C0fL÷u|fxssf] af/]df s]Gb|af6 clgjfo{ ?kdf shf{
;"rgf lng'kg]{ 5 . o;/L shf{ ;"rgf dfu ePdf s]Gb|n] a9Ldf # -tLg_ sfo{ lbg leqdf To:tf]
;"rgf lbg' kg]{5 .
#=@ s'g} u|fxs÷C0fLnfO{ shf{÷;'ljwf k|bfg ubf{ s]Gb|af6 pkbkmf -!_ adf]lhd shf{ ;"rgf k|fKt u/L
;s]kl5 cGo lgsfoaf6 ;"rgf lng'kg]{ 5}g .
#=# o; v08 adf]lhd s]Gb|af6 lnOPsf] shf{ ;"rgf afkt Ohfhtkqk|fKt ;+:yfn] s]Gb|n] tf]s]sf] shf{
;"rgf ;]jf z'Ns s]Gb|nfO{ a'emfpg'kg]{ 5 .
$= sfnf] ;"rLdf ;dfj]z ug]{ k|s[of
o; lgb]{zgdf pNn]lvt cj:yf k'u]kl5 Ohfhtkqk|fKt ;+:yfn] ;DjlGwt kIfnfO{ sfnf];"rLdf /fVg s]Gb|nfO{
clgjfo{ ?kdf l;kmfl/z ug'{kg]{ 5 . o;/L sfnf] ;"rLdf ;dfj]z ug{ ;DalGwt Ohfhtkqk|fKt ;+:yfaf6
l;kmfl/z k|fKt ePkl5 k|fKt gfdfjnLnfO{ s]Gb|n] olsg ;d]t u/L kGw| lbgleq sfnf];"rLdf /fVg]5 .
% C0fLx?sf] juL{s/0f
a}s tyf ljQLo ;+:yfjf6 C0f lnO{ C0f gltg]{ C0fLx?nfO{ b]xfo adf]lhd auL{s/0f ul/Psf] 5 M–
%=! lgotk"j{s C0f gltg]{ C0fLx? (Willful Defaulters):
s e'QmfgLsf] efvf gf3]sf] ! jif{;Dd klg a}+ssf] ;Dks{df gcfPsf, C0fsf] k'g/;+/rgf /
k'gtf{lnsLs/0f ;d]tsf] k|lqmof z'? gu/]sf / e'QmfgLsf] k|lta4tf hfx]/ gu/]sf C0fLx? .
v a}+ssf] shf{ aSof}tf /fkm;fkm ug{ lwtf] j]Rg ;lsg] cj:yf x'Fbfx'Fb} klg ljqmL ug{ gvf]Hg] jf glbg]
cj:Yff l;h{gf ug]{ C0fLx? .
u= PseGbf a9L Joj;fo jf pBf]u ;+rfng u/L cfh{g u/]sf] k|ltkmn tyf cfkm";Fu ePsf] cGo
;DklQ C0f ltg{df k|of]u gug]{ C0fLx? .
3 a}+saf6 h'g kl/of]hgfsf] nflu C0f lnPsf] xf] To;df k|of]u gu/L cGo p2]Zodf k|of]u ug]{
(Diversion of Fund), Joj;foaf6 cflh{t /sd C0f ltg{df gnufO{ cGo sfo{df k|of]u ug]{
(Siphoning off), Joj;foaf6 ;fwg aflx/ k7fpg] jf Joj;fodf cGo ;DklQ l;h{Gff ug]{,
;Demf}tf ljk/Lt cNksfnLg ;fwgaf6 bL3{sfnLg pkof]u ug]{ tyf sDkgLaf6 ;xfos sDkgL jf
cGo kmd{÷sDkgLdf ;fwg k|jfx ug]{ C0fLx? .
ª= cfkm\gf] lgoGq0fdf /x]sf] kl/of]hgf jf Joj;fodf cGo JolQm jf t]>f] kIf h:t}M– gf]s/, cfkm\gf
sd{rf/L, cflbsf] gfd pkof]u u/L cfkm\gf] ;+nUgtf /x]sf] gb]vfpg] dg;fo /fvL C0f lnPsf
C0fLx? .
r shf{sf] efvf gf3]kl5 a}+sn] dfu]sf avt cGo yk ;'/If0f jf JolQmut hdfgL lbg] gu/]sf C0fLx? .
5= C0f k|fKt ubf{sf jvt a}+snfO{ cToGt sdhf]/, sd;n jf ckof{Kt lwtf] lbPsf jf lwtf]sf]
cjf:tljs / cTolws d"NofÍg u/fPsf C0fLx? .
h C0f;Fu ;DjlGwt lwtf] lxgfldgf u/]sf] kfO{Psf C0fLx? .
em C0f k|bfg ug]{ a}+s÷ljQLo ;+:yfsf sd{rf/L;Fu ldlneut u/L, b'?T;flxt u/L jf cGo u}/sfg'gL
n]gb]g u/L C0f lnPsf / gltg{sf nflu cjfl~5t bjfj jf eg;'g jf k|nf]eg cflb lbg] u/]sf]
kfOPsf C0fLx? .
` C0f glt/L a]kQf ePsf jf efu]sf C0fLx? .
6 kl/of]hgfsf] ljQLo, k|fljlws, Joj:yfksLo tyf dfu, cfk"lt{ jf ahf/kIfsf] unt ljZn]if0f u/fO{
k'FhLsf] nfut c:jfefljs ?kn] j[l4 (Overcapitalization) ul/Psf kl/of]hgfsf nufgLstf{ C0fLx? .

145
%=@ kl/l:yltjzM C0f gltg]{ C0fLx? (Non-willful Defaulters):
s C0f ltg]{ dg;fo x'Fbfx'Fb} klg sfa' aflx/sf] kl/l:ylt -åGå cflbsf sf/0f b]zdf pTkGg c;xh
cfly{s, Jofkfl/s tyf cf}Bf]lus cj:yf jf k|lts"n afx\o cj:yf_ sf sf/0f Joj;fo 3f6fdf uO{
jf ;d:ofu|:t agL C0f ltg{ g;s]sf C0fLx? .
v Dofbleq C0f ltg{ g;s]klg cfkm'n] C0f lnPsf] a}+s tyf ljQLo ;+:yfsf] ;Dks{df cfO{ shf{
k'g;{+/rgf jf k'gtf{lnsLs/0fsf] k|lqmof k'/f u/L a}+snfO{ dfGo x'g] tj/af6 e'QmfgLsf] k|lta4tf
hfx]/ u/]sf C0fLx? .
b]xfodf plNnlvt s'g} c;fdfGo kl/l:yltsf] sf/0faf6 pTkGg ;d:ofn] ubf{ ;dodf ;fFjf /÷jf Jofh
r'Qmf ug{ c;dy{tf k|s6 u/L C0fLn] cg'/f]w u/]df / To:tf] Joxf]/f dgfl;j b]lvPdf ;DalGwt
Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltn] To:tf u|fxsnfO{ sfnf];"rLdf ;dfj]z gug]{ lg0f{o ug{ ;Sg]5 M–
-c_ jf9L, klx/f], e"sDk h:tf b}jL k|sf]k k/]df .
-cf_ sfnf];"rLdf ;dfj]z x'g' cufj} ?U0f pBf]u k'g?Tyfg ;ldltsf] l;kmfl/zdf k'g/shf{ k|bfg
ul/Psf C0fLnfO{ k'g/shf{sf] ;'ljwf pkof]u ug{ kfpg] cjlw;Dd .
-O_ g]kfn ;/sf/n] u|fxssf] hfoh]yf tyf Joj;fo ;+rfngdf /x]sf] :yfg clwu|x0f u/]df t/,
To:tf] lg0f{o ubf{ cfwf/x? :ki6 ?kdf v'nfpg' kg]{5 .
^= sfnf];"rLdf ;dfj]z ePsf C0fLnfO{ Ohfhtkqk|fKt ;+:yfaf6 shf{ k|bfg ug{df aGb]h
bkmf kfFr adf]lhd sfnf];"rLdf ;dfj]z ePsf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ Ohfhtkqk|fKt
;+:yfn] s'g} klg gofF shf{÷;'ljwf k|bfg ug{, yk shf{÷;'ljwf k|bfg ug{, shf{÷;'ljwf gjLs/0f ug{,
ls:tfjGbLdf k|bfg ePsf] shf{sf] afFsL ls:tf k|bfg ug{ jf hdfgt :jLsf/ ug{ ;d]t kfpg] 5}gg\ .
t/,–
-s_ sfod /x]sf] afFsL shf{nfO{ o; a}+ssf] lgb]{zgsf] kl/lwleq /xL k'g{tflnsLs/0f / k'g{;+/rgf ug{ eg]
jfwf k'Ug] 5}g . To:t}, sfnf] ;"rLdf ;dfj]z ePsf C0fLsf] ;d"x;Fu ;DalGwt JolQm, kmd{, sDkgL jf
;+ul7t ;+:yfx?dWo] lgoldt ?kdf shf{sf] ;fFjf tyf Jofh r'Qmf ug]{ JolQm, kmd{, sDkgL jf ;+ul7t
;+:yfx?sf] xsdf a9Ldf 5 dlxgf;Dd of] aGb]h nfu" x'g] 5}g . To:tf C0fLnfO{ ;DalGwt Ohfhtkqk|fKt
;+:yfsf] ;+rfns ;ldltn] C0fLsf] dfu pko'Qm b]v]df csf]{ 5 dlxgfsf] Dofb yk lbg;Sg] 5 . sfnf]
;"rLdf ;dfj]z ePsf C0fLsf] ;d"x ;Fu ;DalGwt JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfx?dWo] tf]lsPsf]
efvfdf shf{sf] ;fFjf tyf Jofhsf] e'QmfgL gu/L efvf g3fpg] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfn]
To:tf] shf{nfO{ a9Ldf 5 dlxgfleq jf ;+rfns ;ldltn] lbPsf] yk Dofbleq lgoldt u/fO ;Sg'kg]{ 5 .
cGoyf To:tf] C0fLsf] ;d"x;Fu ;DalGwt JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfdWo] lgoldt ?kdf shf{sf]
;fFjf tyf Jofh r'Qmf ug]{ JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ ;d]t gofF jf yk shf{ k|bfg ug{,
gjLs/0f ug{ jf shf{sf] afFsL ls:tf k|bfg ug{ ;d]t kfOg] 5}g .
-v_ qm]l86÷8]lj6 sf8{ cGt/ut x'g] sf/f]jf/sf] xsdf ;DjlGwt JolQm sfnf];"rLsf] bfo/fdf cfpg' cl3
g} hf/L ePsf] qm]l86÷8]lj6 sf8{sf] nflu To:tf] qm]l86÷8]lj6 sf8{sf] Dofbleq u|fxsn] vr{ u/]sf]
/sd Ohfhtkqk|fKt ;+:Yffn] e'QmfgL ug{ afwf k'¥ofPsf] dflgg] 5}g .
-u_ sfnf];"rLdf k/]sf JolQmx?;Fu ;DalGwt kl/jf/sf ;b:ox?nfO{ s'g} Ohfhtkqk|fKt ;+:yfn] shf{
k|bfg ug{ rfx]df ;+rfns ;ldltn] u/]sf] lg0f{o cg';f/ shf{ k|bfg ug{ ;Sg]5 . o;/L k|bfg ul/Psf]
shf{sf] xsdf k|rlnt Joj:yfsf] bf]Aa/ shf{ gf]S;fgL Joj:yf (Provision) ug'{kg]{ 5 . t/ ;Dk"0f{
shf{x?sf] xsdf ztk|ltzteGbf a9L shf{ gf]S;fgL Joj:yf sfod ug'{kg]{ 5}g .
&= lwtf] d"NofÍgstf{ ;DaGwL ljz]if Joj:yf
-!_ s'g} Ohfhtkqk|fKt ;+:yfn] lwtf] lnnfdL ubf{ lwtf] d"NofÍgstf{n] d"NofÍg u/]sf] /sdsf] b'O{ ltxfO{ eGbf
sd /sd dfq p7\g] ePdf To:tf lwtf] d"NofÍgstf{nfO{ ;d]t Ohfhtkqk|fKt ;+:yfsf] l;kmfl/zdf s]Gb|n]
sfnf] ;"rLdf ;dfj]z ug{ ;Sg]5 . o;/L ;dfj]z ePsf lwtf] d"NofÍgstf{x?n] o; a}+saf6 Ohfhtkq
kfPsf s'g} klg ;+:yfx?df lwtf] d"NofÍg ;DaGwL sfo{ ug{ kfpg] 5}gg\ .
-@_ h'g shf{sf] lwtf] d"NofÍg ul/Psf] xf] ;f] shf{sf] C0fL sfnf];"rLaf6 x6]df To:tf] lwtf] d"NofÍg ug]{
d"NofÍgstf{nfO{ klg sfnf];"rLaf6 s]Gb|n] x6fpg'kg]{ 5 .
-#_ s'g} Ohfhtkqk|fKt ;+:yfn] lwtf] lnnfd ubf{ ;f] lwtf]sf] d"NofÍg /sdsf] b'O{ ltxfO{ eGbf sd /sd dfq
p7\g'df To:tf] d"NofÍgstf{sf] sfa' aflx/sf] cj:yf k/L lghsf] bf]if gb]lvPsf] eGg] ;DalGwt
Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltnfO{ nfu]df To:tf]] d"NofÍgstf{nfO{ sfnf];"rLdf g/fVg] lg0f{o ug{
;Sg]5 .
146
*= n]vfk/LIfs ;DjGWfL ljz]if Joj:yfM
C0fLsf] Joj;fo tyf kl/of]hgfsf] n]vfk/LIf0f ug]{ n]vf k/LIfsn] jf;nft, gfkmf gf]S;fg lx;fj, gub k|jfx
ljj/0f tyf cGo ljQLo ljj/0fx? k|dfl0ft ug]{ qmddf em'7f ljQLo ljj/0f k|dfl0ft ug]{ n]vfk/LIfsnfO{ sfg'g
jdf]lhd sf/jfxL ug{ a}+s tyf ljQLo ;+:yfx?n] g]kfn rf6{8{ Psfp06]06 ;+:yfnfO{ l;kmfl/z ug'{kg]{ 5 .
(= /fxbfgL hkmt ug{ l;kmfl/z ug]{
sfnf];"rLdf k/]sf JolQmx?sf] /fxbfgL hkmt ug{ Ohfhtkqk|fKt ;+:yfn] g]kfn /fi6« a}+sdf l;kmfl/z ug{
;Sg]5 . /fxbfgL hkmt ePsf JolQmx?n] a}+s tyf ljQLo ;+:yfx?df ;Dks{ /fvL ;+:yfnfO{ dfGo x'g]
lsl;dn] cfkm"n] lnPsf] shf{ k'g/;+/rgf jf k'g/tflnsLs/0f u/]df To:tf JolQmx?sf] hkmt ePsf] /fxbfgL
lkmtf{ x'g] Joj:yfsf] nflu g]kfn /fi6« a}+sdf l;kmfl/z ug'{kg]{ 5 .
!)= sfnf];"rL ;DaGwL Joj:yf
!)=! sfnf];"rLdf ;dfj]z x'g] cj:yfx?
Ohfhtkqk|fKt ;+:yfx?af6 klRr; nfv ?k}ofF jf ;f]eGbf a9Lsf] shf{÷;'ljwf lnPsf C0fLx?nfO{ jf
s'g} JolQmnfO{ b]xfosf s'g} Ps jf ;a} cj:yfdf sfnf];"rLdf /fVg'kg]{ 5 M–
-s_ shf{sf] ;fFjf jf ;fFjfsf] s'g} ls:tf jf Jofhsf] e'QmfgL ldlt ! jif{ gf3]df -s'g} C0fLn]
pkof]u ul//x]sf] ljleGg shf{÷;'ljwf dWo] s'g} Pp6f dfq shf{sf] e'QmfgL ldlt gf3]df klg_,
t/, ;DalGwt Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltn] cj:yf x]/L a9Ldf tLg dlxgf;Dd yk
;do k|bfg ug{ ;Sg]5 .
-v_ shf{ tyf ;'ljwfsf] b'?kof]u u/]sf] k|dfl0ft ePdf,
o; k|of]hgsf] nflu æb'?kof]uÆ eGgfn] k|of]hg v'nfO{ lnPsf] shf{ /sd ;DjlGwt k|of]hgdf
k|of]u gu/]sf], kl/of]hgf ;~rfngdf g/x]sf], lg/LIf0f tyf ;'kl/j]If0fsf] qmddf ;'kl/j]Ifs,
n]vfk/LIfsaf6 b'?kof]u ePsf] k|dfl0ft ePsf] cj:yfdf shf{ tyf ;'ljwfsf] b'?kof]u u/]sf]
dflgg] 5 .
-u_ ;'/If0fdf /fv]sf] ;fdfg b'?kof]u u/]sf] k|dfl0ft ePdf,
-3_ C0fL ufoj ePdf,
-ª_ k|rlnt sfg'g jdf]lhd C0fL 6f6 kN6]df,
-r_ C0fL lj?4 cbfntdf d'2f bfo/ u/]sf] cj:yfdf,
-5_ gSsnL r]s, 8«fK6, ljb]zL d'b|f, qm]l86÷8]lj6 sf8{, ljN; h:tf ljleGg gSsnL sfuhft tyf
pks/0f k|of]u u/L /sd 7uL u/]df jf 7uL ug]{ k|of; u/]sf] ljifodf cbfntaf6 s;'/bf/
7xl/Pdf,
-h_ s'g} JolQm, kmd{, sDkgL jf ;+ul7t ;+:yf ljQLo sf/f]jf/ ;DjGwL ck/fwdf ;+nUg ePsf]
k|dfl0ft ePdf .
-em_ s'g} JolQm, kmd{, sDkgL jf ;+:yfn] Ohfhtkqk|fKt ;+:yf;+u lnPsf] shf{ ;f] shf{sf] lnvtsf]
efvf leq r'Stf gu/L tyf ljQLo ;+:yf ;DaGwL P]g @)^# sf] bkmf %& adf]lhd c;'nLsf]
sf/jfxL rnfpFbfsf] cj:yf
-~f_ Ohfhtkqk|fKt ;+:yfn] shf{ ckn]vg ug'{kbf{sf] cj:yfdf
-6_ e'QmfgL gx'g] cj:Yffsf] r]s hf/L u/]df÷vftfdf df}Hbft kof{Kt gePdf .
s'g} JolQm kmd{, sDkgL jf ;ul7t ;+:yfn] cfkm\gf] vftfdf kof{Kt df}Hbft gePsf] cj:yfdf jf
df}Hbft kof{Kt ePtfklg ljleGg cfwf/df e'QmfgL gx'g] cj:Yffsf] r]s hf/L u/]df pkbkmf -!_ df
h'g;'s} s'/f n]lvPsf] tyf To:Tff] r]s hlt;'s} /sdsf] ePtfklg b]xfo jdf]hd x'g]5 M–
-!_ Psk6s e'QmfgL geO{sg lkmtf{ ePsf] r]ssf] xsdf e'QmfgL kfpg'kg]{ JolQmn] r]s
hf/L ug]{ JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ e'QmfgLsf] nflu j9Ldf ;ft lbgsf]
;do lbO{ ;DjlGwt a}+s jf ljQLo ;+:yfdf k'gM r]s k]z ug{;Sg] 5 .
-@_ ;f] Dofb kZrft\ klg /sd e'QmfgL gePsf] v08df /sd e'QmfgL kfpg'kg]{ JolQm, kmd{,
sDkgL jf ;+ul7t ;+:yfn] r]ssf] /sd e'QmfgL ug'{kg]{ a}+s jf ljQLo ;+:yfdf lnlvt
?kdf hfgsf/L lbg ;Sg]5 .
-#_ v08 -@_ adf]lhd lnlvt hfgsf/L k|fKt ePkl5 ;DjlGwt a}+s jf ljQLo ;+:yfn] r]s
hf/L ug]{ To:tf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ r]ssf] /sd e'QmfgL ug{
147
a9Ldf ;ft lbgsf] ;"rgf lbg]5 / ;f] ldltleq klg /sd e'QmfgL x'g g;s]df To:Tff]
r]s lvRg] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ ;DjlGwt a}+s jf ljQLo ;+:yfn]
clgjfo{ ?kdf sfnf];"rLdf ;"rLs[t ug'{kg]{ 5 . ;f] cg';f/ gu/]df a}+s tyf ljQLo
;+:yfnfO{ o;} lgb]{zg adf]lhd sf/afxL x'g]5 .
-$_ s'g} JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfn] a}+s tyf ljQLo ;+:yfnfO{ To:tf] e'QmfgL
gx'g] r]s lbPdf ;d]t o; v08 adf]lhd sfnf];"rLdf /fVg'kg]{ 5 . ;f] cg';f/ gu/]df
a}+s tyf ljQLo ;+:yfnfO{ o;} lgb]{zg adf]lhd sf/afxL x'g]5 .
-%_ o; v08 adf]lhd sfnf];"rLdf /x]sf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfn] To:tf]
;"rLaf6 km's'jf geP;Dd cfkm\gf] vftfdf /sd hDdf ug]{ afx]s cGo s'g}klg
lsl;dsf] a}+lsË sf/f]jf/ ug{ kfpg] 5}g .
-7_ pk/f]Qm adf]lhd gug]{ a}+s tyf ljQLo ;+:yfnfO{ o;} lgb]{zg adf]lhd sf/afxL x'g]5 .
:ki6Ls/0fM o; v08sf] k|of]hgsf] nflu æk|dfl0ftÆ eGgfn] cbfnt jf ;DalGwt Ohfhtkqk|fKt
;+:yfsf] lg/LIf0f 6f]nL jf cfGtl/s jf jfXo n]vfk/LIfs jf o; a}+saf6 vl6Psf] lg/LIf0f 6f]nLn]
k|dfl0ft u/]sf] ;Demg' k5{ .
!)=@ sfnf];"rLdf ;dfj]z x'g] JolQm, kmd{, sDkgL tyf ;+ul7t ;+:yfx?
s'g} jf ;a} cj:yf k/L sfnf];"rLdf ;dfj]z x'g] l:yltsf] xsdf b]xfo jdf]lhdsf C0fL JolQm, kmd{,
sDkgL jf ;+ul7t ;+:yf / ;DalGwt cGo kIfx?nfO{;d]t sfnf];"rLdf ;dfj]z ug'{kg]{ 5 . t/ s'g}
C0fL sfnf] ;"rLdf k/]df To:tf C0fLsf] Psf3/ kl/jf/sf ;b:ox?nfO{ sfnf] ;"rLdf /fVg'kg]{ 5}g M–
-s_ shf{÷;'ljwf pkof]u ug]{ JolQm, kmd{, sDkgL jf ;+ul7t ;+:yf .
-v_ k|f]k|fO6/;Lk kmd{sf k|f]k|fO6/ .
-u_ ;fe]mbf/L kmd{sf ;fe]mbf/x? .
-3_ s'g} klg JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ shf{÷;'ljwf k|jfx ubf{ pQm shf{÷;'ljwfsf]
nflu hdfgt lbg] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yf .
t/, hdfgtbftfnfO{ sfnf];"rLdf ;dfj]z ug'{k"j{ lghn] hdfgL lbPsf] /sd r'Qmf ug{
Ohfhtkqk|fKt ;+:yfn] k}lt; lbgsf] lnlvt ;"rgf lbg'kg]{ 5 . lnlvt ;"rgfsf] kq ;DalGwt
JolQmsf] 7]ufgfdf gk'u]df ;f] ;'rgf klqsfdf ;fj{hlgs ug'{kg]{5 . o;/L ;"rgf lbPsf] ldlt leq
klg sf/f]af/ lgoldt gu/]df sfnf];"rLdf ;dfj]z ug'{kg]{ 5 .
-ª_ sDkgL÷;+ul7t ;+:yfsf ;+rfnsx? .
-r_ k|fOe]6 jf klAns sDkgLsf,
!_ ;+rfnsx/m,
@_ kGw| k|ltzt jf ;f] eGbf a9L z]o/ :jfldTj ePsf z]o/wgLx?,
t/ k|fO{e]6 jf klAns sDkgLsf] !% k|ltzt eGbf sd z]o/ lng] pQm k|fOe]6 jf klJns
sDkgLsf z]o/wgLx?sf]] s'g} klg lsl;daf6 ljQLo :jfy{ ePdf a}+s tyf ljQLo ;+:yfx?n]
To:tf z]o/wgLx?nfO{ ;d]t sfnf];"rLdf ;dfj]z ug{ s'g} jfwf k'u]sf] dflgg] 5}g .
#_ ;~rfns dgf]gog ug]{ clwsf/ kfPsf] JolQm, kmd{, ;+ul7t ;+:yfx? .
-5_ sfnf];"rLdf k/]sf] s'g} JolQm jf ;+:yfsf] cGo s'g} kmd{÷sDkgL÷;+ul7t ;+:yfdf JolQmut jf
;+:yfut ?kdf kGw| k|ltzt jf ;f]eGbf a9L z]o/ :jfldTj ePdf To:tf] kmd{÷sDkgL÷ ;+ul7t
;+:yfsf] ;~rfns tyf sfo{sf/L k|d'v .
t/ Ps} ;d"x cGtu{tsf JolQm, kmd{, sDkgLsf] xsdf !% k|ltzteGbf sd z]o/ wf/0f u/]sf]
ePtfklg s'n z]o/ nufgLdf !% k|ltzt gf3]sf] cj:yfdf To:tf ;d"x cGt/utsf JolQm, kmd{,
sDkgLnfO{ sfn]f;"rLdf ;"rLs[t ug{ afwf k'u]sf] dflgg] 5}g .
-h_ sfnf];"rLdf k/]sf] s'g} JolQm jf ;+:yfsf] k|ltlglw cGo s'g} u}/ ;/sf/L kmd{÷sDkgL÷ ;+ul7t
;+:yfdf ;+rfns ePdf To:tf] kmd{÷sDkgL÷;+ul7t ;+:yf .
t/ b]xfosf] ;a} cj:yf k"/f ePdf sfnf] ;"rLdf k/]sf] JolQm jf ;+:yfsf] k|ltlglw ;+rfns /x]sf]
u}/ ;/sf/L kmd{÷sDkgL÷;+ul7t ;+:yfnfO{ sfnf] ;"rLdf ;dfj]z ug'{kg]{ 5}g M–
-!_ sfnf];"rLdf k/]sf] JolQm jf ;+:yfsf] k|ltlglw ;+rfns /x]sf] u}/ ;/sf/L kmd{÷sDkgL÷
;+ul7t ;+:yfdf To:tf] ;+rfnssf] z]o/ !% k|ltzt eGbf sd x'g'kg]{ .

148
-@_ sfnf] ;"rLdf k/]sf] JolQm jf ;+:yfsf] k|ltlglw ;+rfns /x]sf] u}/ ;/sf/L kmd{÷sDkgL
÷;+ul7t ;+:yfn] Ohfhtkqk|fKt ;+:yfnfO{ a'emfpg' kg]{ ;fFjf /÷jf Jofh jfktsf] /sd
tf]lsPsf] ;do jf ;f] eGbf cufj} lgoldt ?kdf r'Qmf ul//x]sf] x'g'kg]{, /
-#_ sfnf] ;"rLdf k/]sf] JolQm jf ;+:yfsf] k|ltlglw ;+rfns /x]sf] JolQmn] ;+rfns kbaf6
/flhgfdf u/]df jf To:tf] JolQm ;+rfns kbaf6 d'Qm ePdf .
-em_o; a}+sn] hf/L u/]sf] lgb]{zg cg';f/ cfk;L ;DaGw eO{ Ps} ;d"xdf k/]sf JolQm, kmd{, sDkgL
jf ;+u7Lt ;+:yf .
-`_ u|fxsnfO{ Uof/]G6L lbg] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yf .
t/, Uof/]06L / cf+lzs Uof/]G6L (Partial Guarantee) sf] xsdf eg] ;f] Uof/]G6Lsf] /sd r'Qmf
u/]df C0fLsf] cGo jSof}tfsf] nflu of] Joj:yf nfu" x'g] 5}g .
-6_ C0fLsf] d[To' ePdf lghsf] ;DklQ :jLsf/ ug]{ JolQmx?nfO{ ;f] sf] bfloTj axg u/fP/ pQm
bfloTj axg u/]sf JolQmx?nfO{ Ohfhtkqk|fKt ;+:yfn] dgfl;j dflkmssf] ;do k|bfg ug{
;Sg]5 . bfloTj jxg ug{ gdfg]df jf pQm Dofbleqdf klg shf{ r'Qmf jf lgoldt gu/]df To:tf]
JolQmx?nfO{ klg sfnf];"rLdf ;dfj]z ug'{kg]{ 5 .
!)=# sfnf] ;"rLdf ;dfj]z gx'g] cj:yfx?
C0fLsf] sfa'eGbf aflx/sf] b]xfodf plNnlvt s'g} c;fdfGo kl/l:yltsf] sf/0faf6 pTkGg ;d:ofn] ubf{
;dodf ;fFjf /÷jf Jofh r'Qmf ug{ c;dy{tf k|s6 u/L C0fLn] cg'/f]w u/]df / To:tf] Joxf]/f dgfl;j
b]lvPdf ;DalGwt Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltn] To:tf u|fxsnfO{ sfnf];"rLdf ;dfj]z gug]{
lg0f{o ug{ ;Sg]5 M–
-s_ jf9L, klx/f], e"sDk h:tf b}jL k|sf]k k/]df .
-v_ sfnf];"rLdf ;dfj]z x'g' cufj} ?U0f pBf]u k'g?Tyfg ;ldltsf] l;kmfl/zdf k'g/shf{ k|bfg ul/Psf
C0fLnfO{ k'g/shf{sf] ;'ljwf pkof]u ug{ kfpg] cjlw;Dd .
-u_ g]kfn ;/sf/n] u|fxssf] hfoh]yf tyf Joj;fo ;+rfngdf /x]sf] :yfg clwu|x0f u/]df t/, To:tf]
lg0f{o ubf{ cfwf/x? :ki6 ?kdf v'nfpg' kg]{5 .
!)=$ sfnf] ;"rLaf6 gfd x6\g ;Sg] Joj:yf
b]xfosf] cj:yfdf sfnf];"rLdf /x]sf u|fxssf] gfd To:tf] ;"rLaf6 x6fpgsf nflu ;DalGwt
Ohfhtkqk|fKt ;+:yfn] tLg lbgleq s]Gb|nfO{ l;kmfl/z u/L k7fpg' kg]{5 .
!= efvf gf3]sf] shf{sf] ;fFjf Jofh r'Qmf u/]df,
@= ;DalGwt Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltn] pko'Qm 7x¥ofO{ shf{sf] efvf yk u/]df jf
o; a}+ssf] lgb]{zgsf] clwgdf /xL shf{ k'gtf{lnsLs/0f jf k'g;{+/rgf u/]df,
#= shf{ jf ;'ljwfsf] bfloTjsf] ;Ldf ls6fg u/L Ps eGbf a9L C0fL ;lDdlnt x'g] C0fsf] xsdf s'g}
C0fLaf6 p;sf] efusf] ;fFjf Jofh r'Qmf u/]sf] egL efvf yk yk u/]df jf o; a}+ssf] lgb]{zgsf]
clwgdf /xL shf{ k'g/;+/rgf jf k'g/tflnsLs/0f u/]sf] egL ;DalGwt a}+s tyf ljQLo ;+:yfaf6
n]lv cfPdf To:tf C0fLsf] gfd sfnf] ;"rLaf6 x6fpg' kg]{ 5 . t/, ;+rfns jf sfo{sf/L
kbflwsf/L eO{ sfdsfh ug]{ JolQmsf] ;DaGwdf of] Joj:yf nfu" x'g] 5}g .
$= shf{sf] bfloTj cGo JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfn] :jLsf/ ug]{ ;DaGwdf ;DalGwt
Ohfhtkqk|fKt;+:yfsf] ;+rfns ;ldltaf6 :jLs[lt ePdf o;/L sfnf];"rLaf6 x6fpFbf bfloTj
:jLsf/ ug]{ JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ a9Ldf Ps jif{sf] Dofb lbg] / pQm Dofb leq
shf{÷;'ljwf r'Qmf jf lgoldt gu/]df pQm gofF JolQm, kmd{, sDkgL jf ;+ul7t ;+:yf;d]tnfO{
sfnf];"rLdf ;dfj]z ug'{kg]{ 5 .
%= C0fLx?n] lnPsf] C0fdWo] cfkm\gf] bfloTj Plsg u/L C0f÷;'ljwf lnPsf] cj:yfdf pQm /sd e'QmfgL
u/]sf] egL a}+s tyf ljQLo ;+:yfx?af6 n]vL cfPdf shf{ ;"rgf s]Gb|n] sfnf];"rLaf6 x6fpg kg]{5 .
t/, pNn]lvt Joj:yf ;+rfns tyf sfo{sf/L kbflwsf/Lx?sf] xsdf nfu' x'g] 5}g .
^= a}+s tyf ljQLo ;+:yfx?n] kl/l:yltjz C0f gltg]{ C0fLx?nfO{ shf{ ;"rgf s]Gb|sf] sfnf];"rLdf
;dfj]z u/]sf] ePtfklg olb s]xL ;do k|bfg u/]df C0fLn] k|of; u/L 5f]6f] cjlwdf C0f r'Qmf
u5{ eGg] a}+s tyf ljQLo ;+:yfnfO{ nfu]df yk ^ dlxgfsf] nflu sfnf];"rLaf6 x6fpg] Joj:yf ug{
;Sg]5 . t/ ^ dlxgfleq C0f r'Qmf gu/]df k'gM sfnf];"rLdf ;dfj]z ug{ ;Sg]5 . To;}u/L,
kl/l:yltjz C0f ltg{ g;s]sf C0fLx?nfO{ a}+s tyf ljQLo ;+:yfx?n] cj:yf x]/L yk ^ dlxgf
149
;Ddsf] nflu sfnf];"rLdf g/fVg ;lsg]5 .
s]Gb|n] To:tf] ;"rgf k|fKt ePkl5 cfk"m;Fu /x]sf] sfnf];"rLaf6 To:tf C0fL, hdfgtstf{ / cGo
;DalGwt kIfsf] gfd kq k|fKt ePsf] ldltn] tLg lbgleq x6fpg] 5 . o;/L s]Gb|n] sfnf];"rLaf6 gfd
x6fPsf] ;"rgf ;a} Ohfhtkqk|fKt ;+:yfx?df tLg lbgleq k7fpg]5 .
!!= ;xljQLos/0f shf{sf] ;DaGwdf
-s_ ;xljQLos/0f cGtu{t k|jfx x'g] shf{sf] ;DaGwdf o; lgb]{zgsf] clwgdf /xL cu'jf a}+s tyf
ljQLo ;+:yf (Lead Bank) n] ;xljQLos/0fsf] a}7sdf (Consortium Meeting) shf{÷nufgL
cg'kftsf] cfwf/df ax'dtsf] lg0fo{af6 ;DalGwt C0fLnfO{ sfnf];"rLdf ;dfj]z ug{÷x6fpg s]Gb|nfO{
l;kmfl/z ug'{kg]{ 5 . o;/L cu'jf a}+s tyf ljQLo ;+:yf (Lead Bank) sf] l;kmfl/z k|fKt ePkl5
s]Gb|n] ;DalGwt C0fLnfO{ sfnf];"rLdf ;dfj]z ug'{÷x6fpg' kg]{5 .
-v_ olb s'g} cu'jf a}+s tyf ljQLo ;+:yf (Lead Bank) n] o; lgb]{zg cg';f/ s]Gb|nfO{ l;kmfl/z gu/L
;xefuL a}+s tyf ljQLo ;+:yfn] C0fLnfO{ sfnf];"rLdf ;dfj]z u/]sf] cj:yfdf ;f]xL a}s jf ljQLo
;+:yfsf] l;kmfl/; k|fKt ePkl5dfq s]Gb|n] ;DjlGwt Cl0fnfO{ sfnf];"rLjf6 x6fpg' kg]{5 . o:tf] cj:yf
cfOk/]df cu'jf a}+sn] cfk"mn] k"/f ug'{kg]{ bfloTj lgjf{x gu/]sf] 7xl/g] 5 / To:tf] cu'jf Ohfhtkqk|fKt
;+:yfnfO{ g]kfn /fi6« a}+s P]g, @)%* sf] bkmf !)) adf]lhd sf/jfxL ul/g] 5 .
-u_ s'g} u|fxsn] ;xljQLos/0f shf{ ;'lawf cGt/ut / Ohfhtkqk|fKt ;+:yf;+u 5'6\6} bf]xf]/f] shf{ tyf
;'lawfsf] pkof]u u/L b'j}tkm{jf6 sfn]f;"rLdf ;dfj]z ePsf] /x]5 eg] ;xljQLos/0f ;d"xsf] a}7sn]
sfnf];"rLjf6 x6fpg] l;kml/; u/]tf klg Ohfhtk|fKt ;+:yf;+u lnPsf] shf{÷;'ljwfsf] /sd e'QmfgL
gu/];Dd sfnf];"rLdf sfod} /xg] 5 .
!@= sfnf];"rLdf ;dfj]z ug'{ k"j{ ;"rgf lbg' kg]{
s'g} klg C0fL jf C0f;Fu ;DalGwt cGo ;a} kIfnfO{ sfnf];"rLdf ;dfa]z ug'{ k"j{ ;DalGwt
Ohfhtkqk|fKt ;+:yfn] sfnf];"rLdf ;dfj]z ug'{ kgf{sf] sf/0f;lxt To:tf C0fL jf C0f;Fu ;DalGwt cGo
;a} kIfnfO{ slDtdf k}lt; lbg cufj} ;"rgf lbO{ ;f] sf] clen]v /fVg' kg]{5 . pQm ;"rgfdf tf]lsPsf]
Dofbleq klg C0fLn] shf{ r'Qmf jf lgoldt gu/]df sfnf];"rLdf ;dfj]z ul/g] Joxf]/f ;d]t To:tf]
;"rgfdf pNn]v ePsf] x'g'kg]{ 5 .
!#= C0fL tyf hdfgtstf{nfO{ sfuh u/fpg' kg]{
s'g} klg C0fLnfO{ shf{÷;'ljwf k|bfg ubf{ o; lgb]{zgsf] bkmf $ / % sf] cj:yf k/L s]Gb|sf] sfnf];"rLdf
gfd ;dfj]z u/]df d]/f] dGh"/L 5 egL ;DalGwt Ohfhtkqk|fKt ;+:yfn] ;DalGwt C0fL tyf hdfgLstf{nfO{
clgjfo{ ?kdf sfuh u/fpg' kg]{5 .
!$= s]Gb|n] ;"rgf tyf ljj/0fx? dfu ug{ ;Sg]
g]kfn /fi6« a}+s P]g, @)%* sf] bkmf **, g]kfn /fi6« a}+s shf{ ;"rgf ljlgodfjnL, @)%( / o; lgb]{zgsf]
p2]Zo sfof{Gjog ug]{ l;nl;nfdf o; lgb]{zgn] tf]s]sf] ;"rgf / ljj/0fx?sf] cltl/Qm cGo ;"rgf /
ljj/0fx? s]Gb|n] Ohfhtkqk|fKt ;+:yf;Fu dfu ug{ ;Sg]5 . o;/L dfu u/]sf] ;"rgf / ljj/0fx? pknJw
u/fpg' ;DalGwt Ohfhtkqk|fKt ;+:yfsf] st{Jo x'g]5 .
!%= s]Gb|n] lg/LIf0f ug{ ;Sg]
Ohfhtkqk|fKt ;+:yfn] s]Gb|df lbg'kg]{ C0fLx?sf] ljj/0f ;dod} pknAw u/fP gu/fPsf], shf{ k|jfx ug'{
cl3 shf{ ;"rgf lnP glnPsf] tyf pknAw u/fPsf] ljj/0f cBfjlws eP gePsf] ;DaGwdf s]Gb|n]
Ohfhtkqk|fKt ;+:yfsf] cg'udg tyf lg/LIf0f ug{ ;Sg]5 / ;f]sf] k|ltj]bg o; a}+ssf] a}+s tyf ljQLo
;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 . o:tf] lg/LIf0f tyf ;'kl/j]If0f s]Gb|n]
cfˆgf sd{rf/L v6fO{ :ynut ?kdf jf ljj/0f tyf ;"rgfx? s]Gb|d} lemsfO{ ug{;Sg] 5 .
!^= sfnf];"rLdf ;dfj]z /x]sf C0fLx?sf] ljj/0f ;fj{hlgs ug'{kg]{
o; lgb]{zgsf] bkmf $ adf]lhd k|To]s cfiff9 / kf}if d;fGt;Dddf sfnf];"rLdf ;dfj]z eO{ Ps s/f]8
?k}ofFeGbf a9L /sd ltg{ afFsL /x]sf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfsf] gfdfjnL cBfjlws u/L
s]Gb|n] /fli6«o b}lgs klqsfdf k|To]s cfiff9 / kf}if d;fGt kl5sf] Ps dlxgfleq ;j{;fwf/0fsf] hfgsf/Lsf]
nflu k|sflzt ug'{kg]{ 5 / o;sf] hfgsf/L o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu tyf ;DjlGwt
;'kl/j]If0f ljefu, sDkgL /lhi6«f/sf] sfof{no / lwtf]kq jf]8{nfO{ ;d]t pknAw u/fpg'kg]{ 5 . cGo
JolQmx?sf] gfdfjnLsf] xsdf shf{ ;"rgf s]Gb|n] ;j{;fwf/0fnfO{ cfjZos k/L dfu u/]df z'Ns lnO{ jf
glnO{ To:tf] ;"rgf pknAw u/fpg'kg]{ 5 . ;fy}, sfnf];"rLdf ;dfj]z JolQmx?sf] cBfjlws ;"rgf shf{
;"rgf s]Gb|n] cfˆgf] web site df /fVg] Joj:yf ug'{kg]{ 5 .
150
!&= cGo Joj:yfx?
-s_ uf]kgLotf sfod ug'{kg]{
Ohfhtkqk|fKt ;+:yf / s]Gb|aLr cfbfg k|bfg x'g] shf{ ;"rgf tyf cGo ljj/0f dxTjk"0f{ /
;+j]bgzLn x'g] x'gfn] To:tf] shf{ ;"rgf tyf cGo ljj/0f cfbfg k|bfg ubf{ jf clen]v /fVbf k"0f{
uf]kgLotf sfod /fVg'kg]{ 5 .
-v_ klRr; nfv ?k}ofFeGbf sdsf] shf{sf] efvf gf3]df
s'g} C0fLn] pkof]u ul//x]sf] ljleGg shf{÷;'ljwfdWo] s'g} Pp6f shf{sf] e'QmfgL ldlt gf3L
sfnf];"rLdf ;dfj]z ug'{kg]{ ePdf pQm efvf gf3]sf] shf{ ;'ljwfsf] ;fFjf Jofh u/L hDdf klRr;
nfv ?k}ofF jf ;f]eGbf a9L ePdf dfq sfnf];"rLdf ;dfj]z ug'{ kg]{5 . olb pQm Pp6f shf{÷;'ljwf
klRr; nfv ?k}ofFeGbf sd ePdf csf]{ shf{÷;'ljwfsf] klg efvf gf3L b'j} shf{÷;'ljwfsf] ;fFjf
Aofh u/L klRr; nfv ?k}ofF jf ;f]eGbf a9L eP kl5 dfq sfnf];"rLdf ;dfj]z ug'{kg]{ 5 .
-u_ JolQmut tyf ;+:yfut hdfgLdf k|jflxt shf{sf] ;DaGwdf
Ohfhtkqk|fKt ;+:yfx?af6 s'g} klg lsl;dsf] JolQmut tyf ;+:yfut hdfgLdf k|bfg ePsf] shf{
tyf ;'ljwfx? lgwf{l/t ;dodf r'Qmf gu/]df hdfgL lbg] JolQm tyf ;+:yfx?nfO{ ;d]t o;
lgb]{zgsf] clwgdf /xL sfnf];"rLdf ;dfj]z ug{'kg]{ 5 . To:tf hdfgLstf{x?n] u/]sf] hdfgL /sdsf]
;Ldf;Ddsf] /sd r'Qmf ePsf] ;DalGwt Ohfhtkqk|fKt ;+:yfaf6 hfgsf/L k|fKt x'g cfPdf
hdfgLstf{sf] gfd sfnf];"rLaf6 x6fpg'kg]{ 5 .
-3_ z]o/wgLsf] gfd kl/jt{g eO{ cfPdf
sfnf];"rLdf ;dfj]z ePsf z]o/wgLx?n] cfˆgf] z]o/ cGo JolQmx?nfO{ x:tfGt/0f u/L lghsf]
bfloTj gofF z]o/wgLn] :jLsf/ u/]sf] cj:yfdf ;DalGwt Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltnfO{
pQm ljifo :jLsfo{ eO{ ;DalGwt Ohfhtkqk|fKt ;+:yfaf6 l;kmfl/z eO{ cfPdf klxn]sf z]o/wgLnfO{
sfnf];"rLaf6 x6fpg'kg]{ 5 .
Ohfhtkqk|fKt ;+:yfaf6 C0f lnPsf s'g} k|fOe]6 lnld6]8 jf ;j{;fwf/0fdf z]o/ hf/L u/L g;s]sf
klAns lnld6]8 sDkgLsf kGw| k|ltzt eGbf a9L z]o/ lng] z]o/wgLn] To:tf] sDkgLsf] cfˆgf]
:jfldTjdf /x]sf] z]o/ ljqmL jf gfd;f/L ug'{ k"j{ C0f k|bfg ug]{ ;DalGwt Ohfhtkqk|fKt ;+:yfsf]
:jLs[lt lng' kg]{5 . o; k|of]hgsf] nflu ;DalGwt Ohfhtkqk|fKt ;+:yfsf] :jLs[lt glnO{ To:tf]
C0fL sDkgLsf] z]o/ ljqmL jf gfd;f/L ug{ gkfpg] u/L C0f k|bfg ug]{ Ohfhtkqk|fKt ;+:yfn]
clgjfo{ ?kdf sfuh u/fpg' kg]{5 . o;/L :jLs[lt glnO{ C0fL sDkgLsf] z]o/wgLsf] z]o/ gfd;f/L
jf ljqmL u/]df ;fljssf z]o/wgLnfO{ sfnf];"rLdf /fVg'kg]{ 5 .
-ª_ ;/sf/L tyf cw{–;/sf/L lgsfoaf6 dgf]lgt ;+rfnsx?sf] ;DaGwdf
o; lgb]{zgdf cGoq h'g;'s} s'/f n]lvPsf] ePtf klg o; a}+s, g]kfn ;/sf/ jf g]kfn ;/sf/sf] k"0f{
jf clwsf+z :jfldTjdf /x]sf] ;+:yfaf6 dgf]lgt s'g} klg JolQm s'g} klg C0fL ;+:yfsf] ;+rfns eO{
To:tf] ;+:yf sfnf];"rLdf k/]df To;/L dgf]lgt ;+rfnsx? sfnf] ;"rLdf ;dfj]z x'g] 5}gg\ .
-r_ Psf3/ kl/jf/sf] ;DaGwdf
o; lgb]{zgsf] k|of]hgsf] nflu Psf3/ kl/jf/ eGgfn] ;DalGwt JolQmsf] klt jf kTgL, 5f]/f,
cljjflxtf 5f]/L, wd{k'q, cljjflxtf wd{k'qL, afa', cfdf, ;f}t]gL cfdf / cfkm"n] kfng kf]if0f ug'{kg]{
bfh' efO / lbbL alxgL ;Demg'kg]{ 5 .
-5_ sfo{{ tf]Sg' kg]{
s]Gb|;Fu ul/g] ;Dk"0f{ sfo{sf] nflu Ohfhtkqk|fKt ;+:yfn] ;DjlGwt OsfO{sf hgzlQmnfO{ tf]sL ;f]xL
ljefu÷OsfO{ dfk{mt kqfrf/ ug'{kg]{ 5 / ;f]sf] hfgsf/L ;DalGwt Ohfhtkqk|fKt ;+:yfn] s]Gb|nfO{
pknAw u/fpg' kg]{5 . ;fy}, s]Gb|;Fu kqfrf/ ug{ tf]lsPsf] ljefu÷OsfO{n] Ohfhtkqk|fKt ;+:yf /
s]Gb| aLr x'g] kqfrf/sf] k|dfl0ft clen]v /fVg'kg]{ 5 .
-h_ e"nj; sfnf];"rLdf ;dfj]z ePsfx?sf] ;DaGwdf
sfnf];"rLdf ;dfj]z gx'g' kg]{ s'g} JolQm, kmd{, sDkgL jf ;+ul7t ;+:yf e"nj; sfnf];"rLdf ;dfj]z
ul/Psf] /x]5 eg] o; ;DaGwdf ;DalGwt Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltaf6 l;kmfl/z eO{
cfPdf cljnDa To:tf] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ clen]v g} g/xg] u/L sfnf];"rLaf6
x6fpg' kg]{5 . o;/L sfnf];"rLdf ;dfj]z eO{ x6]sf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{
sfnf];"rLdf ;dfj]z ePsf] dflgg] 5}g .
151
-em_ s]Gb|sf] ;b:otf
Ohfhtkqk|fKt ;+:yfx?n] shf{ ;"rgfsf] cfbfg k|bfg ug]{ / ;dodf shf{sf] ;fFjf÷Jofh gltg]{
C0fLnfO{ sfnf];"rLdf ;dfj]z ug]{ k|of]hgsf nflu clgjfo{ ?kdf s]Gb|sf] ;b:otf lng'kg]{ 5 .
-`_ 5'6
o; lgb]{zgdf cGoq h'g;'s} s'/f n]lvPsf] eP tfklg g]kfn ;/sf/ jf g]kfn ;/sf/sf] k"0f{ jf
clwsf+z :jfldTj ePsf ;/sf/L ;+:yfgx?, o; a}+saf6 Ohfhtkqk|fKt ;+:yfx? / låkIfLo jf
jx'kIfLo ;DaGw ePsf cGt//fli6«o ;+3 ;+:yfx?nfO{ sfnf];"rLdf ;dfj]z ul/g] 5}g .
-6_ sfnf];"rL ljj/0f cBfjlws ug]{
of] lgb]{zg hf/L x'g'eGbf cufj} bz nfv ?k}ofFeGbf a9L t/ kRrL; nfv ?k}ofF eGbf sd shf{sf] ;fFjf
/ Jofh e'QmfgL geO{ s]Gb|sf] sfnf];"rLdf /x]sf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfnfO{ pQm ;"rLaf6
x6fO{ o; lgb]{zg adf]lhd s]Gb|n] tof/ ug]{ sfnf];"rLdf cBfjlws u/L /fVg'kg]{ 5 .
-7_ shf{ ;"rgf s]Gb| lnld6]8sf] sfnf];"rLdf ;"rLs[t o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfsf
z]o/wgLx?n] k|fKt ug{ ;Sg] xsk|b z]o/, cu|flwsf/ z]o/, C0fkq tyf nfef+zsf ;DaGwdf b]xfo
adf]lhdsf] Joj:yf ul/Psf] 5 .
-s_ o; a}+saf6 Ohfhtkqk|fKt s'g} a}+s tyf ljQLo ;+:yfsf ;+:yfks z]o/wgLx? dWo] shf{
;"rgf s]Gb|sf] sfnf];"rLdf ;"rLs[t eO{/x]sf ;+:yfks z]o/wgLn] cfkm" ;+:yfks /x]sf]
a}+s÷ljQLo ;+:yfsf] xsk|b z]o/, cu|flwsf/ z]o/ tyf C0fkq v/Lb ug{ kfpg] 5}gg\ . t/,
shf{ ;"rgf s]Gb|sf] sfnf];"rLaf6 x6]sf] k|df0f ;lxt ;DalGwt a}+s÷ljQLo ;+:yfsf ;+:yfks
z]o/wgLn] cfkm" ;+:yfks /x]sf] a}+s÷ljQLo ;+:yfsf] xsk|b z]o/, cu|flwsf/ z]o/ tyf C0fkq
bfjL ug{ cfPdf k|rlnt sfg'g cg';f/ cGo JolQm÷;+:yfnfO{ a]rljvg÷afF8kmfF8÷hkmt
ul/;lsPsf] cj:yf /x]g5 eg] ;fljss} ;+:yfks z]o/wgLn] kfpg] 5g .
-v_ s'g} a}+s tyf ljQLo ;+:yfn] cfˆgf] l;kmfl/zdf shf{ ;"rgf s]Gb|sf] sfnf];"rLdf ;"rLs[t
eO{/x]sf C0fLn] cGo a}+s tyf ljQLo ;+:yfsf] ;+:yfks nuotsf cGo z]o/wgLsf x}l;otn]
kfpg] nfef+z /sd /f]Ssf /fvL shf{ r'Qmf ug]{ k|of]hgsf nflu shf{sf] lj:t[t ljj/0f;lxt
;DalGwt a}+s tyf ljQLo ;+:yf;+u /sd e'QmfgL dfu u/]df ;DalGwt a}+s tyf ljQLo ;+:yfn]
cfˆgf] ;+:yfks nufotsf cGo z]o/wgLnfO{ e'QmfgL lbg' kg]{ To:tf] nfef+z /f]Ssf /fvL dfu
ug]{ a}+s tyf ljQLo ;+:yfnfO{ pknJw u/fpg' kg]{5 . o:tf] Joj:yf cfˆg} a}+s tyf ljQLo
;+:yfsf] shf{ r'Qmf ug]{ k|of]hgsf nflu ;d]t nfu" x'g]5 .
!*= a}+s tyf ljQLo ;+:yfx?af6 shf{ lnO{ C0f gltg]{ C0fLx? dWo] cf=j= )^#÷^$ sf] ah]6 jQmJo dfkm{t C0fsf]
k'g{tflnsLs/0f ug{ tf]lsPsf] @)^# efb| d;fGtleq k'g{tflnsLs/0f u/]sf, k'g{tflnsLs/0fsf] nflu sf/jfxL eO{
/x]sf C0fL / a}+ssf] ;+o'Qm k|of;df z'? ePsf] t/ ;DkGg eO{ g;s]sf afx]s ;DalGwt a}+sn] C0f r'Qmf ug]{
u/fpg] ;DaGwdf C0fLnfO{ k6s k6s cj;/ lb+bf klg j]jf:tf u/L a;]sf / ;DalGwt a}+sn] sf/jfxL cuf8L
a9fpg pko'Qm 7x¥ofPsf C0fLx?nfO{ b]xfo adf]lhdsf] k|lqmof adf]lhd sf/jfxL cuf8L a9fpg] .
!*=! ;fFjf C0f ?= kfFr s/f]8 eGbf a9L lnPsfx? dWo]af6 ;a}eGbf a9L C0f lng] C0fLx?nfO{
k|fyldstfsf] cfwf/df ;DalGwt a}+sn] qmdzM sf/jfxL cuf8L a9fpg] . ;DalGwt a}+sn] k|rlnt
Joj:yf cg';f/ ug{ ;lsg] sf/jfxL cfk}m u/L ;f] sf] hfgsf/L o; a}+snfO{ u/fpg] cGoyf ug'{kg]{
sf/jfxLsf nflu l;kmfl/z ;fy o; a}+snfO{ cg'/f]w ug]{ .
!*=@ o; cg';f/ sf/jfxLdf k/]sf C0fLn] C0f e'QmfgL jf k'g/;+/rgf÷k'g/tflnsLs/0f u/]df ;DalGwt
a}+sn] ;DalGwt C0fLnfO{ ;fljsdf u/]sf sf/jfxL lkmtf{ ug{ t'?Gt kxn ug]{ .
!*=#= a}+s tyf ljQLo ;+:yfx?af6 To:tf C0fLx?sf] gfddf hf/L ul/Psf] 8]lj6 sf8{, qm]l86 sf8{ h:tf
;'ljwfx? tTsfn /f]Ssf /fVg] Joj:yf ug]{ .
!*=$ ;DalGwt a}+sn] C0fsf] k|s[lt, pkef]usf] cj:yf, p7tLsf] ;+efjgf, C0fLn] C0f e'QmfgL ug{
b]vfPsf] Jojxf/ tyf lgot cflb kIfx?nfO{ dWogh/df /fvL a'Fbf -!_ sf] kl/lw leq /xL lgotj;
C0f gltg]{ sfnf];"rLdf k/]sf C0fLx? / To:tf C0fLx?nfO{ hdfgt lbg] JolQm, kmd{ jf sDkgL jf
;+:yfnfO{ b]xfo dWo]sf] Ps jf ;f] eGbf a9L sf/jfxL ug{ o; a}+snfO{ cg'/f]w ug]{ .
-s_ lgotjz C0f gltg]{ C0fLx?sf] /fxbfgL hkmt ug]{ / gofF hf/L ug{ /f]s nufpg] k|of]hgsf
nflu o; ;DaGwL ;"rgf k//fi6« dGqfno, u[x dGqfnonfO{ cfjZos sf/jfxLsf] nflu
hfgsf/L u/fpg / ;fj{hlgs?kdf ;d]t ;"rgf k|sflzt ug{ .

152
-v_ lgotj; C0f gltg]{ C0fLx?nfO{ ;/sf/L jf ;+ul7t ;fj{hlgs lgsfodf lj1÷k/fdz{bftf
nufot ;fj{hlgs lhDd]jf/Lsf cf]xbf tyf /fhgLlts lgo'lQmsf kbx?df lgo'Qm gug]{ /
lgo'Qm eO{ sfo{/t /x]sf 5g\ eg] kbaf6 tTsfn cjsfz lbg .
-u_ dfg, kbjL, ;Ddfg jf /fHoaf6 lbOg] s'g} klg lsl;dsf] ;'ljwf jf ;x'lnot k|bfg gug{ .
-3_ sDkgL P]g cGtu{t btf{ ePsf jf x'g] s'g} klg sDkgLsf] ;+rfns x'g /f]s nufpg .
-ª_ gofF pBf]u, kmd{ jf sDkgL btf{ ug{, ;/sf/L 7]Ssfk§fdf efu lng jf a}+sn] :jLs[lt lbPsf]
cj:yfdf C0fltg]{ k|of]hgsf nflu afx]s To:tf C0fLsf] :jfldTjdf /x]sf] s'g} klg rn÷crn
;DklQ /f]Ssf /fVg] / o;sf] nflu ;DalGwt lgsfo -dfnkf]t sfof{no, oftfoft Joj:yf
sfof{no, gu/kflnsf÷pkdxfgu/kflnsf÷dxfgu/kflnsf_ nfO{ lgb]{zg hf/L ug]{ Joj:yf ug{ .
-r_ ;/sf/L ;'/If0fkqx?df ePsf] nufgL hkmt u/L lnnfd ug]{ / To;/L k|fKt x'g cfpg] /sd
shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ .
!(= b08 hl/jfgf tyf sf/jfxL ;DaGwL Joj:yf
!(=! Ohfhtkqk|fKt ;+:yfn] s]Gb|df e/L k7fpg' kg]{ C0fLx?sf] ljj/0f / sfnf];"rLdf /fVg' kg]{ C0fLx?sf] gfd
tyf ljj/0f ;dodf g} s]Gb|df pknAw gu/fPdf jf To:tf] tYo n'sfP/ yk shf{ ;'ljwf k|bfg u/]sf]
kfOPdf jf unt ;"rgf k|jfx u/]df jf sfnf];"rLdf ;dfj]z ePsf] JolQm, kmd{, sDkgL jf ;+ul7t
;+:yfnfO{ shf{ k|jfx ePdf jf o; a}+ssf] lg/LIf0f tyf ;'kl/j]If0f k|ltj]bgdf To:tf] Joxf]/f pNn]v eO{
cfPdf ;DalGwt Ohfhtkqk|fKt ;+:yf jf ltgsf ;DalGwt ;+rfns, kbflwsf/L jf sd{rf/L ;d]tnfO{
o; a}+sn] g]kfn /fi6« a}+s P]g, @)%* sf] bkmf !)) adf]lhdsf] sf/jfxL ug{;Sg] 5 .
!(=@ sfnf];"rLdf k/]sfnfO{ C0f ;'ljwf k|bfg u/]df hl/jfgf nufOg]
sfnf];"rLdf k/]sf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfx?nfO{ s'g} klg a}+s tyf ljQLo ;+:yfn]
C0f÷;'ljwf k|jfx u/]df g]kfn /fi6« a}+s P]g, @)%* sf] bkmf (( -!_ ad]flhd pQm C0f ;'ljwf
a/fa/sf] /sd ljuf] sfod u/fO{ ;DjlGwt a}+s tyf ljQLo ;+:yfnfO{ hl/jfgf ul/g] 5 .
!(=# sfnf];"rLdf /fVg l;kmfl/z gu/]df hl/jfgf nufOg]
s'g} a}+s tyf ljQLo ;+:yfn] g]kfn /fi6« a}+ssf] lgb]{zg cg';f/ s'g} JolQm, kmd{, sDkgL jf ;+ul7t
;+:yfnfO{ shf{ ;"rgf s]Gb|sf] sfnf];"rLdf ;dfj]z ug{ l;kmfl/z ug'{kg]{df ;f] gu/]sf] kfO{Pdf To:tf]
a}+s tyf ljQLo ;+:yfnfO{ g]kfn /fi6« a}+s P]g, @)%* sf] bkmf (( sf] pkbkmf -!_ adf]lhd To:tf]
C0fL;+u p7fpg afFsL /x]sf] /sd a/fa/sf] ljuf] sfod u/L hl/jfgf nufOg] 5 .
!(=$ sfnf];"rLdf k/]sf JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfx?nfO{ k|bfg u/]sf] shf{df zt\k|ltzt shf{
gf]S;fgL Joj:yf sfod ug'{kg]{
!= sfnf];"rLdf /x]sf JolQm, kmd{, sDkgL tyf ;+ul7t ;+:yfaf6 s'g} shf{ c;'nL ug{ afFsL /x]sf] eP
To:tf] shf{sf nflu zt\k|ltzt shf{ gf]S;fgL Joj:yf ug'{kg]{ / To;/L Joj:yf gu/]sf] kfO{Pdf
g]kfn /fi6« a}+s P]g, @)%* sf] bkmf !)) sf] pkbkmf -@_ sf] v08 -u_ adf]lhd ;DjlGwt
sfo{sf/L k|d'vnfO{ kfFr nfv ?lkofF ;Dd gub hl/jfgf nufOg] 5 .
@= s'g} C0fL cGo a}+s tyf ljQLo ;+:yf dfkm{t sfnf];"rLdf /fv]sf] ePtfklg To:tf C0fLnfO{ k|bfg
ePsf] C0fsf] xsdf Ohfhtkqk|fKt ;+:yfn] cfkm"n] k|bfg u/]sf] shf{ jf ;'ljwfsf] juL{s/0fsf]
cfwf/df shf{ gf]S;fgL Joj:Yff sfod ug{ ;lsg] 5 .
@)= vf/]hL / arfp
!= o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] shf{ ;"rgf tyf sfnf];"rL ;DaGwL Joj:yf
;DaGwL O=k|f lgb]{zg g+= !@÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9
d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
@= pk–bkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sfjf{xL o;} lgb]{zg adf]lhd eP
u/]sf] dflgg] 5 .

153
s=;"=kmf=g=! -s_
Ohfhtkqk|fKt ;+:yf
========================= zfvf÷pk–zfvf
JolQmut shf{sf] k|of]hgsf] nflu
JolQmut tyf ;'/If0f ;DaGwL ljj/0f
@)=== ;fn ===========dlxgf == ut]

k|yd k6s shf{ :jLs[lt ubf{ shf{ ;"rgf s]Gb|df o; kmf/d e/L k7fpg' kg]{ . ;fy}, o; kmf/ddf pNn]v ePsf] jj/0fdf s'g}
kl/jt{g ePdf ;f]sf] hfgsf/L o; kmf/ddf e/L lbg' kg]{ . t/, rn ;DklQsf] d"Nof+sg /sddf dfq kl/jt{g ePdf k7fpg' gkg{] .
C0f k|bfg ug]{ a}+ssf] gfd M– zfvf÷pk–zfvf M–

! C0fLsf] gfd M–
!=! gful/stf k|df0fkqdf pNn]v eP adf]lhdsf] 7]ufgf M– xfnsf] 7]ufgf M–
lhNnf M– g=kf=÷uf=la=;= M– lhNnf M– g=kf=÷uf=la=;= M–
j8f g+= M– 6f]n M– 3/ g+= M– j8f g+= M– 6f]n M– 3/ g+= M–
!=@ gful/stf g+= M– hf/L u/]sf] ldlt M– hf/L u/]sf] lhNnf M–
!=# dtbftf k|df0fkq g+= M– hf/L u/]sf] lhNnf M–
!=$ ;jf/L rfns cg'dlt kq g+= M– hf/L u/]sf] lhNnf M–
!=% /fxbfgL g+= M– k|bfg u/]sf] d'n's M–
!=^ kmf]g g+= M– df]afO{n g+= M– O{d]n 7]ufgf M–
!=& tLgk':t] ljj/0f M–
afa' afh] >Ldfg\÷>LdtL cfdf ;;'/f

@= C0fLsf] Psf3/ kl/jf/sf] ljj/0f M– -o; k|of]hgsf] nflu Psf3/kl/jf/ eGgfn] C0fLsf] klt jf kTgL, 5f]/f, a'xf/L,
cljjflxtf 5f]/L, wd{k'q, cljjflxtf wd{k'qL, afa', cfdf, ;f}t]gL cfdf / cfk'mn]
kfng kf]if0f ug'{kg]{ bfh', efO{, lbbL / alxgLnfO{ a'emfp+5 ._
Psf3/ kl/jf/sf ;b:ox/sf] gfd gftf

#= clwsf/ k|fKt JolQmsf]


gfd / 7]ufgf gful/stf g+= afa'sf] gfd afh]sf] gfd

$= sG;g{ ;DaGwL ljj/0f M– -C0fLsf] cGo s'g} kmd{, sDkgL jf ;+ul7t ;+:yfdf !% k|ltzt jf ;f]eGbf a9L z]o/ :jfldTj
ePdf jf ;+rfns ePdf pNn]v ug{'kg{]_
;+nUg kmd{, sDkgL jf ;+ul7t ;+:yfsf] gfd 7]ufgf z]o/xf]N8/÷;+rfns z]o/ nufgL k|ltzt

%= C0fLn] pkof]u u/]sf] shf{sf] nflu hdfgt lbg] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfsf] ljj/0f M–
-/sd ?=df _
%=! hdfgt lbg] JolQm ePdf ;f]sf] ljj/0f M
gfd 7]ufgf gful/stf g+= gful/stf gful/stf hf/L ePsf] hdfgt hdfgt lbPsf] shf{
/ /fxbfgL hf/L ePsf] lhNnf / /fxbfgL hf/L lbPsf] zLif{s
g+= ldlt ePsf] d'n's /sd

154
%=@-s_ hdfgt lbg] kmd{, sDkgL jf ;+ul7t ;+:yf ePdf ;f]sf] ljj/0f M
gfd 7]ufgf /lhi6«]zg g+=÷ hf/L ePsf] hf/L u/]sf] hdfgt hdfgt lbPsf]
kfg g+= ldlt lgsfo lbPsf] /sd shf{ zLif{s

%=@-v_ hdfgt lbg] kmd{, sDkgL jf ;+ul7t ;+:yfdf ;+nUg z]o/wgL tyf ;+rfnsx/sf] ljj/0f M
z]o/wgL /÷jf ;+rfnssf] gfd 7]ufgf z]o/wgL/;+rfns z]o/ nufgL
k|ltzt

%=# hdfgt lbg] AolQM tyf kmd{, sDkgL jf ;+ul7t ;+:yfsf] z]o/wgL / ;+rfnsx/sf] tLgk':t] ljj/0f M
z]o/wgL /÷jf gful/stf g+= afa' afh] >Ldfg\÷>Ldlt cfdf ;;'/f
;+rfnssf] gfd

^= ;'/If0fdf /x]sf] hldg, 3/, kl/of]hgf cflb h:tf crn ;DklQsf] ljj/0f–
lwtf]sf] k|sf/ lwtf]] /x]sf] :yfg lwtf] wgLsf] d"Nof+lst d"Nofsg d"Nof+sg lwtf] /flvPsf]
-j8f g+= ;lxt_ gfd /sd ldlt stf{sf] gfd shf{ zLif{s

&= ;'/If0fdf /x]sf] artkq, C0fkq, d'2lt /l;b, k|f]ld;/L gf]6, z]o/, ;fdfg lwtf] -xfOkf]lys]zg ;d]t_, cflb h:tf
rn ;DklQsf] ljj/0f M
lwtf]sf] lwtf]] /x]sf] lwtf] wgLsf] d"Nof+lst /sd d"Nofsg d"Nof+sgstf{ lwtf] /flvPsf]]
k|sf/ :yfg gfd ldlt sf] gfd shf{ zLif{s
-j8f g+= ;lxt_

*= C0fL;+u ;DalGwt s}lkmot M–

================== ==================== ====================


tof/ ug]{ r]s ug]{ Aoa:yfks÷k|d'v

-pk/f]Qm sf]7fx? ljj/0fsf] nflu ckof{Kt ePdf csf]{ kmf/fd k|of]u ug{ ;lsg]5 ._

155
s=;"=kmf =g+=! -v_
Ohfhtkqk|fKt ;:yf
============================zfvf ÷pk–zfvf
;+o'Qm shf{sf] k|of]hgsf] nflu
JolQmut tyf ;'/If0f ;DaGwL ljj/0f
@)=========;fn ======== dlxgf =====ut]
k|yd k6s shf{ :jLs[lt ubf{ shf{ ;"rgf s]Gb|df o; kmf/d e/L k7fpg' kg]{ . ;fy}, o; kmf/ddf pNn]v ePsf] ljj/0fdf s'g}
kl/jt{g ePdf ;f]sf] hfgsf/L o; kmf/fd e/L lbg'kg]{ . t/, rn ;DklQsf] d"Nof+sg /sddf dfq kl/jt{g ePdf k7fpg' gkg{] .
C0f k|bfg ug]{ a}+ssf] gfd M– zfvf÷pk–zfvf M–
! ;+o'Qm C0fLx?sf] gfd M–
!=! klxnf] C0fLsf]] gfd M–
!=!=! gful/stf k|df0fkqdf pNn]v eP adf]lhdsf] 7]ufgf M– xfnsf] 7]ufgf M–
lhNnf M– g=kf=÷uf=la=;=M– lhNnf M– g=kf=÷uf=la=;=M–
j8f g+= M– 6f]n M– 3/ g+= M– j8f g+= M– 6f]n M– 3/ g+= M–
!=!=@ gful/stf g+= M– hf/L u/]sf] ldlt M– hf/L u/]sf] lhNnf M–
!=!=# dtbftf k|df0fkq g+= M– hf/L u/]sf] lhNnf M–
!=!=$ ;jf/L rfns cg'dlt kq g+= M– hf/L u/]sf] lhNnf M–
!=!=% /fxbfgL g= M– k|bfg u/]sf] d'n's M–
!=!=^ kmf]g g M– df]afO{n g+= M– O{d]n 7]ufgf M–
!=!=& klxnf] C0fLsf]] tLgk':t] ljj/0f M–
afa' afh] >Ldfg\÷>LdtL cfdf ;;'/f

!=@ bf]>f] C0fLsf]] gfd M–


!=@=! gful/stf k|df0fkqdf pNn]v eP adf]lhdsf] 7]ufgf M– xfnsf] 7]ufgf M
lhNnf M– g=kf=÷uf=la=;= M– lhNnf M– g=kf=÷uf=la=;=M–
j8f g+= M– 6f]n M– 3/ g+=M– j8f g+=M– 6f]n M– 3/ g+=M–
!=@=@ gful/stf g+= M– hf/L u/]sf] ldlt M– hf/L u/]sf] lhNnf M–
!=@=# dtbftf k|df0fkq g+= M– hf/L u/]sf] lhNnf M–
!=@=$ ;jf/L rfns cg'dlt kq g+= M– hf/L u/]sf] lhNnf M–
!=@=% /fxbfgL g+= M– k|bfg u/]sf] d'n's M–
!=@=^ kmf]g g+= M– df]afO{n g+=M– O{d]n 7]ufgf M–
!=@=& bf]>f] C0fLsf] tLgk':t] ljj/0f M–
afa' afh] >Ldfg\÷>Ldlt cfdf ;;'/f

@= C0fLx/sf] Psf3/ kl/jf/sf] ljj/0f M– -o; k|of]hgsf] nflu Psf3/ kl/jf/ eGgfn] C0fLsf] klt jf kTgL, 5f]/f, a'xf/L,
cljjflxtf 5f]/L, wd{k'q, cljjflxtf wd{k'qL, afa', cfdf, ;f}t]gL cfdf / cfk'mn] kfng kf]if0f ug'{kg]{ bfh', efO{, lbbL /
alxgLnfO{ a'emfp+5 ._
C0fLx?sf] gfd Psf3/ kl/jf/sf ;b:ox/sf] gfd gftf

$= clwsf/ k|fKt JolQmsf]


gfd / 7]ufgf gful/stf g+= afa'sf] gfd afh]sf] gfd

156
%= sG;g{ ;DaGwL ljj/0f M– -C0fLx/sf] JolQmut /kdf cGo s'g} kmd{, sDkgL jf ;+ul7t ;+:yfdf !% k|ltzt jf ;f]eGbf
a9L z]o/ :jfldTj ePdf jf ;+rfns ePdf pNn]v ug{'kg{] _
C0fLsf]] gfd ;+nUg kmd{, sDkgL jf ;+ul7t 7]ufgf z]o/xf]N8/ z]o/ nufgL k|ltzt
;+:yfsf] gfd ÷;+rfns

^= C0fLn] pkof]u u/]sf] shf{sf] nflu hdfgt lbg] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfsf] ljj/0f M
-/sd ?=df_
^=! hdfgt lbg] JolQM ePdf ;f]sf] ljj/0f M
gfd 7]ufgf gful/stf g+=÷ gful/stf hf/L gful/stf hf/L ePsf] hdfgt hdfgt lbPsf]
/fxbfgL g+= ePsf] ldlt lhNnf ÷ /fxbfgL hf/L lbPsf] shf{ zLif{s
ePsf] d'n's /sd

^=@ -s_ hdfgt lbg] kmd{, sDkgL jf ;+ul7t ;+:yf ePdf ;f]sf] ljj/0f M
gfd 7]ufgf /lhi6«]zg g+= hf/L ePsf] hf/L u/]sf] hdfgt hdfgt lbPsf] shf{
÷ kfg g+= ldlt lgsfo lbPsf] /sd zLif{s

^=@ -v_ hdfgt lbg] kmd{, sDkgL jf ;+ul7t ;+:yfdf ;+nUg z]o/wgL tyf ;+rfnsx/sf] ljj/0f M
z]o/wgL /÷jf ;+rfnssf] gfd 7]ufgf z]o/wgL÷;+rfns z]o/ nufgL k|ltzt

^=# hdfgt lbg] AolQm tyf kmd{, sDkgL jf ;+ul7t ;+:yfsf] z]o/wgL / ;+rfnsx/sf] tLgk':t] ljj/0f M
z]o/wgL /÷jf ;+rfnssf] gfd gful/stf g= afa' afh] >Ldfg\÷>Ldlt cfdf ;;'/f

&= ;'/If0fdf /x]sf] hldg, 3/, kl/of]hgf cflb h:tf crn ;DklQsf] ljj/0f M
lwtf]sf] lwtf]] /x]sf] :yfg lwtf] wgLsf] d"Nof+lst /sd d"Nof+sg d"Nof+sgstf{ lwtf] /flvPsf]
k|sf/ -j8f g+= ;lxt_ gfd ldlt sf] gfd shf{ zLif{s

*= ;'/If0fdf /x]sf] artkq, C0fkq, d'2lt /l;b, k|f]ld;/L gf]6, z]o/, ;fdfg lwtf] -xfOkf]lys]zg ;d]t_, cflb h:tf rn
;DklQsf] ljj/0f M
lwtf]sf] lwtf]] /x]sf] :yfg lwtf] wgLsf] d"Nof+lst d"Nof+sg d"Nof+sgstf{sf] lwtf] /flvPsf]
k|sf/ -j8f g+= ;lxt_ gfd /sd ldlt gfd shf{ zLif{s

(= C0fL;+u ;DalGwt s}lkmot M–


=================== =================== =======================
tof/ ug]{ r]s ug]{ Joa:yfks÷k|d'v
-pk/f]Qm sf]7fx? ljj/0fsf] nflu ckof{Kt ePdf csf]{ kmf/fd k|of]u ug{ ;lsg]5 ._

157
s=;"=kmf =g+=! -u_

kmd{, sDkgL jf ;+ul7t ;+:yfsf] shf{sf] k|of]hgsf] nflu


JolQmut tyf ;'/If0f ;DaGwL ljj/0f
@)==== ;fn ======= dlxgf ====ut]

k|yd k6s shf{ :jLs[lt ubf{ shf{ ;"rgf s]Gb|df o; kmf/d e/L k7fpg' kg]{ . ;fy}, o; kmf/ddf pNn]v ePsf] ljj/0fdf
s'g} kl/jt{g ePdf ;f]sf] hfgsf/L o; kmf/fd e/L lbg'kg]{ . t/, rn ;DklQsf] d"Nof+sg /sddf dfq kl/jt{g ePdf k7fpg'
gkg{] .
C0f k|bfg ug]{ a}+ssf] gfd M– zffvf÷pk–zfvf M–

! C[0fL kmd{, sDkgL jf ;+ul7t ;+:yfsf] gfd M–


!=! /lhi6/ k|df0fkq adf]lhdsf] 7]ufgf M sfof{nosf] 7]ufgf M
lhNnf M– g=kf=÷uf=la=;=M– lhNnf M–
g=kf=÷uf=la=;=M–
j8f g+=M– 6f]n M– 3/ g=M– j8f g+=M– 6f]n
M– 3/ g+=M–
!=@ /lhi6«]zg g+=M– btf{ u/]sf] ldlt M– btf{ u/]sf] lgsfo M–
!=# kmf]g g+=M– km\ofS; g+=M– O{d]n M–
!=$ kfg g+=M– btf{ u/]sf] ldlt M– btf{ u/]sf] lhNnf M–

@=-s_ k|f]k|fO{6/, ;fem]bf/, z]o/xf]N8/ /÷jf ;+rfnsx/sf] ljj/0f M -k|fO{e]6 ln= k|f]k|fO{6/, ;fem]bf/ / ;+rfnsdWo] h'g
s+= / klJns ln= s+= ePdf !% k|ltzt jf ;f]eGbf a9L z]o/ wf/0f ug]{ xf] ;f] df - _ lrGx nufpg]
z]o/wgLx?sf] dfq gfd pNn]v ug]{ ._
gfd 7]ufgf z]o/ nufgL k|ltzt s}lkmot
-gful/stf k|df0f kq adf]lhd_ k|f]k|fO{6/ ;fem]bf/ ;+rfns

@=-v_ k|f]k|fO{6/, ;fem]bf/, z]o/xf]N8/ /÷jf ;+rfnsx/sf] tLgk':t] ljj/0f M


gfd gful/stf g+= / afa' afh] >Ldfg\÷>LdtL cfdf ;;'/f
hf/L ldlt

#= clwsf/ k|fKt JolQmsf]


gfd / 7]ufgf gful/stf g+= afa'sf] gfd afh]sf] gfd

$= sG;g{ ;DaGwL ljj/0f M– -C[0fL kmd{ / ;f]sf k|f]k|fO{6/, ;fem]bf/, z]o/xf]N8/ //jf ;+rfnsx?sf] JolQmut, ;+o'Qm jf
;+:yfut ?kdf cGo s'g} kmd{, sDkgL jf ;+ul7t ;+:yfdf !% k|ltzt jf ;f]eGbf a9L z]o/ :jfldTj ePdf jf ;+rfns
ePdf pNn]v ug{'kg{]_
;+nUg AolQmsf] gfd ;+nUg kmd{, sDkgL jf 7]ufgf z]o/xf]N8/÷;rfns z]o/
;ul7t ;+:yfsf] gfd nufgL
k|ltzt

158
%= C0fLn] pkof]u u/]sf] shf{sf] nflu hdfgt lbg] JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfsf] ljj/0f M
-/sd ?=df_
%=! hdfgt lbg] JolQm ePdf ;f]sf] ljj/0f M
gfd 7]ufgf gful/stf gful/stf gful/stf hf/L ePsf] hdfgt hdfgt
g+=÷ /fxbfgL hf/L ePsf] lhNnf÷/fxbfgL hf/L lbPsf] /sd lbPsf] shf{
g+= ldlt ePsf] d'n's lzif{s

%=@ -s_ hdfgt lbg] kmd{, sDkgL jf ;+ul7t ;+:yf ePdf ;f]sf] ljj/0f M
gfd 7]ufgf /lhi6«]zg g+=÷ hf/L ePsf] hf/L u/]sf] hdfgt hdfgt
kfg g+= ldlt lgsfo lbPsf] /sd lbPsf] shf{
lzif{s

%=@ -v_ hdfgt lbg] kmd{, sDkgL jf ;+ul7t ;+:yfdf ;+nUg z]o/wgL tyf ;+rfnsx?sf] ljj/0f M
z]o/wgL /÷jf ;+rfnssf] gfd 7]ufgf z]o/wgL÷;+rfns z]o/ nufgL
k|ltzt

%=# hdfgt lbg] AolQm tyf kmd{, sDkgL jf ;+ul7t ;+:yfsf] z]o/wgL / ;+rfnsx?sf] tLgk':t] ljj/0f M
z]o/wgL /÷jf ;+rfnssf] gful/stf g+= afa' afh] >Ldfg\÷>LdtL cfdf ;;'/f
gfd

^= ;'/If0fdf /x]sf] hldg, 3/, kl/of]hgf cflb h:tf crn ;DklQsf] ljj/0f M
lwtf]sf] k|sf/ lwtf]] /x]sf] :yfg lwtf] wgLsf] gfd d"Nof+lst d"Nof+sg d"Nofsgstf{ lwtf] /flvPsf]
-j8f g+= ;lxt_ /sd ldlt sf] gfd shf{ zLif{s

&= ;'/If0fdf /x]sf] artkq, C0fkq, d'2lt /l;b, k|f]ld;/L gf]6, z]o/, ;fdfg lwtf] -xfOkf]lys]zg ;d]t_, cflb h:tf rn
;DklQsf] ljj/0f M
lwtf]sf] lwtf]] /x]sf] :yfg lwtf] wgLsf] gfd d"Nof+lst d"Nof+sg d"Nof+sgstf{sf] lwtf] /flvPsf]
k|sf/ -j8f g+= ;lxt_ /sd ldlt gfd shf{ zLif{s

*= C0fL;+u ;DalGwt s}lkmot M–


=================== =================== ===================
tof/ ug]{ r]s ug]{ Joa:yfks÷k|d'v
-pk/f]Qm sf]7fx? ljj/0fsf] nflu ckof{Kt ePdf csf]{ kmf/fd k|of]u ug{ ;lsg]5 ._

159
s=;"=kmf=g+= @
Ohfhtkqk|fKt ;+:yf
================================zfvf ÷pk–zfvf
-k|To]s q}odf;df k7fpg' kg{]_
JolQm, kmd{, sDkgL jf ;+ul7t ;+:yfsf] C0f aSof}tf ;DaGwL
@)====== sf] k|yd÷bf]>f]÷t]>f]÷rf}yf] q}dfl;s ljj/0f
-/sd ?=df_
C0fLsf] gfd M–
C0f k|bfg ug]{ a}+ssf] gfd M– zfvf÷pk–zfvf M–
shf{sf] shf{ shf{ nufgL shf{ vftfsf] clGtd e'QmfgL p7fpg efsf shf{ shf{sf]
lsl;d :jLs[t g+= :jfldTj e'QmfgL l9nf] af+ls gf3]sf] r'Qmf lwtf]
/sd /sd ldlt /sd ldlt ePsf] /sd /sd ePsf]
lbg ldlt

================= ============== =============================


tof/ ug]{ r]s ug]{ Joj:yfks÷k|d'v

160
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= !#÷)^^
laifo:- clgjfo{ df}Hbft ;DjGwL Joj:yf .

o; a}+saf6 Ohfhtkqk|fKt ;+:yfn] cfˆgf] lgIf]k tyf ;fk6L bfloTjsf] cfwf/df sfod ug'{kg]{ clgjfo{
df}Hbft tyf t/n ;DklQ Joj:yf ;DjGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L
b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= æsÆ, ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfsf nflu
-!_ o; a}+saf6 Ohfhtkqk|fKt æsÆ ju{sf ;+:yfn] s"n lgIf]k bfloTjsf] %=% k|ltzt tyf rNtL /÷jf
sn vftf ;d]tsf] lgIf]k :jLsf/ ug]{ ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] s"n lgIf]k
bfloTjsf] %=% k|ltzt clgjfo{ df}Hbft jfkt o; a}+sdf /fVg'kg]{ 5 .
t/, rNtL ÷/ sn vftf afx]ssf cGo lgIf]k dfq ;+sng ug]{ ævÆ / æuÆ ju{sf
Ohfhtkqk|fKt ;+:yfn] s'n lgIf]k bfloTjsf] b'O{ k|ltzt clgjfo{ df}Hbft /fVg'kg]{ 5 .
-@_ ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] o; a}+ssf] sfof{no gePsf] :Yffgdf glhssf] æsÆ
ju{sf] Ohfhtkqk|fKt ;+:yfdf o; k|of]hgsf] nflu rNtL vftf vf]nL cfjZos /sd hDdf u/]df
klg clgjfo{ df}Hbftdf u0fgf ul/g]5 . t/, Jofh cfh{g x'g] u/L æsÆ ju{sf] Ohfhtkqk|fKt
;+:yfdf hDdf u/]sf] /sdnfO{ clgjfo{ df}Hbftdf u0fgf ul/g] 5}g . s'g} Ohfhtkqk|fKt ;+:yfn]
ljutdf Jofh cfh{g x'g] vftfnfO{ clgjfo{ df}Hbftdf ;d]t u0fgf x'g] u/L Joj:yf ldnfPsf]
ePdf of] lgb]{zg hf/L eP kZrft o; lgb]{zg jdf]lhd ldnfpg'kg]{ 5 . o:tf] vftfsf] hfgsf/L
o; a}+ssf] ;DalGwt ;'k/Lj]If0f ljefudf lbg'kg]{ 5 .
-#_ pkbkmf -!_ adf]lhd /fVg'kg]{ df}Hbft gk'u ePsf] cj:yfdf b]xfo jdf]lhd hl/jfgf nufOg] 5 M–
-s_ klxnf] k6s clgjfo{ df}Hbft gk'u ePsf] cj:yfdf gk'u eP hlt /sddf k|rlnt a}+s
b/sf] k|ltztn] .
-v_ bf]>f] k6s clgjfo{ df}Hbft gk'u ePsf] cj:yfdf gk'u eP hlt /sddf k|rlnt a}+s
b/sf] bf]Aj/ k|ltztn] .
-u_ t]>f] k6s / ;f] eGbf kl5 hlt k6s gk'u eP klg gk'u eP hlt /sddf k|rlnt a}+s
b/sf] t]Aj/ k|ltztn] .
-$_ v08 -s_, -v_ / -u_ adf]lhd k6s sfod ubf{ k|To]s cfly{s jif{sf] nflu cnu cnu k6s sfod
ul/g] 5 . ;fy}, s'g} Ohfhtkqk|fKt ;+:yfn] nuftf/ # xKtf;Dd clgjfo{ df}Hbft gk'u ePdf klxnf]
xKtf klxnf] k6s, bf]>f] xKtf bf]>f] k6s / t]>f] xKtf t]>f] k6ssf] b/n] hl/jfgf nufOg] 5 .
-%_ clgjfo{ df}Hbftdf gk'u eP hlt /sddf k|rlnt a}+s b/sf] k|ltztn] ;fKtflxs lx;fjdf xhf{gf
nufOg]5 / o;/L gk'u eP hltsf] /sdnfO{ a}+s b/sf] k|ltztn] u'0ff u/L jfpGgn] efu ul/g] 5 .
-^_ clgjfo{ df}Hbft u0fgf ;DjGwL k|of]hgsf nflu b]xfosf] k|lqmof ckgfOg]5 M–
-s_ clgjfo{ df}Hbftsf] u0fgf ;fKtflxs -k|To]s cfOtjf/b]lv zlgjf/_ ?kdf ul/g] 5 .
-v_ df}Hbftsf] u0fgf ubf{ b'O{ xKtf cl3sf] ;fKtflxs cf}ift lgIf]k bfloTjsf] cfwf/df ul/g] 5
. s'g} xKtfdf k'/} lbg ljbf kg{ uPdf To:tf] xKtfsf] cf}ift lgIf]k ln+bf 7Ls cl3Nnf]
xKtfsf] cf}ift lgIf]knfO{ lng'kg]{ 5 .
-u_ clgjfo{ df}Hbft u0fgf ug]{ k|of]hgsf] nflu s'n lgIf]k bfloTj / g]kfn /fi6« a+}s df}Hbftsf]
cfOtjf/b]lv zlgaf/;Ddsf] b}lgs df}Hbftsf] s'n of]unfO{ ;ft cÍn] efu u/L ;fKtflxs
?kdf b}lgs cf};t lgwf{/0f ul/g] 5 . o;/L lgwf{/0f ubf{ ;Ktfxdf s'g} lbg ljbf k/]df
cl3Nnf] lbgsf] df}HbftnfO{ g} ;f] lbgsf] df}Hbft sfod ul/g] 5 .
-3_ o; k|of]hgsf] nflu lgwf{l/t lgb]{zg kmf=g+= !#=! df cfOtjf/b]lv zlgaf/;Ddsf] ljj/0f
-ljbfsf] lbgdf cl3Nnf] lbgsf] df}Hbft pNn]v ug'{kg]{_ e/L xKtf ljt]sf] ;ft lbg leq
clgjfo{ ?kdf o; a}+ssf] ;DjlGwt ;'k/Lj]If0f ljefudf cfO{k'Ug] u/L k7fpg'kg]{ 5 .

161
-&_ o; p2]Zosf] nflu Ohfhtkqk|fKt ;+:yfsf] ;Dk"0f{ sfof{nox?nfO{ Pp6} OsfO{ dflgg] 5 .
-*_ o; a}+sdf /x]sf] vftfdf hDDff x'g] u/L km08 6«fG;km/sf] l;nl;nfdf dfu{:y (Transit) df kg{
uPsf] :jb]zL d'b|fsf] /sdnfO{ o; a+}ssf] df}Hbftdf ;dfj]z u/fOg] 5 .
:ki6Ls/0fM
-!_ o; bkmfsf] k|of]hgsf] nflu æs"n lgIf]kÆ eGgfn] Ohfhtkqk|fKt ;+:yfsf] rNtL, sn,art
jf d'2tL vftfdf hDdf ePsf] /sd ;Demg' k5{ / ;f] zAbn] Ohfhtkqk|fKt ;+:yfn] o;
a}+sn] tf]s]adf]lhdsf ljleGg ljQLo pks/0fsf] dfWodaf6 :jLsf/ ug]{ /sd ;d]tnfO{
hgfpF5 .
-@_ o; a}+ssf] ;fwf/0f vftfdf ePsf] df}HbftnfO{ dfq clgjfo{ df}Hbftdf u0fgf ul/g] 5 .
o; a}+sdf ljz]if k|of]hgsf] nflu vf]lnPsf] ljz]if vftf tyf ljb]zL d'b|f vftfdf /x]sf]
/sdnfO{ o; k|of]hgsf] nlfu u0fgf ul/g] 5}g .
l6Kk0fLM
-!_ clgjfo{ df}Hbft u0fgf k|of]hgsf] nflu kl/jTo{ ljb]zL d'b|fsf] lgIf]k, sd{rf/L hdfgt tyf
dflh{g vftfdf /x]sf] /sd s"n lgIf]kdf ;dfj]z ul/g] 5}g .
-@_ ærNtL vftfÆ eGgfn] dfu]sf] avt hlxn] klg lemSg kfpg] u/L a}+s jf ljQLo ;+:yfdf
/flvPsf] /sdsf] x/lx;fa n]lvPsf] vftf ;Demg' k5{ .
-#_ æart vftfÆ eGgfn] a}+s jf ljQLo ;+:yfdf artsf] lgldQ /flvPsf] /sdsf] x/lx;fa
n]lvPsf] vftf ;Demg' k5{ .
-$_ æd'2tL vftfÆ eGgfn] a}+s jf ljQLo ;+:yfdf lglZrt cjlw;Dd hDdf /xg] u/L /flvPsf]
/sdsf] x/lx;fa n]lvPsf] vftf ;Demg' k5{ .
@= æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yfsf nflu
-!_ æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yfn] cfkm\gf] ;d"x ;b:ox?af6 ;+sng u/]sf] JolQmut, ;d"xut,
ljz]if art tyf ;fk6L sf]ifsf] sDtLdf z'Go bzdnj kfFr k|ltztn] x'g] /sd clgjfo{ df}Hbftsf]
?kdf o; a}+sdf jf o; a}+ssf] zfvf gePsf] :yfgdf o; a}+saf6 æsÆ ju{sf] Ohfhtkqk|fKt
;+:yfdf ;f]xL k|of]hgsf] nflu 5'§} rNtL vftf vf]nL hDdf ug'{kg]{ 5 . o:tf] vftfsf] hfgsf/L o;
a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'k/Lj]If0f ljefudf lbg'kg]{ 5 .
:ki6Ls/0fM
o; pkbkmfsf] k|of]hgsf] nflu æ;fk6L sf]ifÆ eGgfn] Ohfhtkqk|fKt ;+:yfn] cGo Ohfhtkqk|fKt
;+:yf, JolQm, kmd{, ;+ul7t ;+:yf -:jb]zL tyf ljb]zL_ tyf sDkgL;+u lnPsf] ;fk6L /sd ;Demg'
k5{ .
-@_ æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yfn] cfkm\gf] s"n lgIf]k bfloTjsf] Go"gtd b'O{ bzdnj kfFr k|ltzt
t/n ;DklQsf] ?kdf /fVg'kg]{ 5 . t/n ;DklQ eGgfn] b]xfo adf]lhdsf] ;DklQ ;Demg' kb{5 M–
-s_ cfkm\gf] 9's'6Ldf /x]sf] gub df}Hbft,
-v_ ;/sf/L ;'/If0fkqdf u/]sf] nufgL ,
-u_ g]kfn /fi6« a}+s C0fkqdf u/]sf] nufgL, jf
-3_ æsÆ ju{sf] Ohfhtkqk|fKt ;+:yfdf lgIf]ksf] ?kdf /x]sf] df}Hbft .
-#_ pkbkmf -!_ adf]lhd hDdf ug'{kg]{ Go"gtd clgjfo{ df}Hbft eGbf a9L hDdf u/]df a9L ePhlt
/sd pkbkmf -@_ sf] k|of]hgsf] nflu ;dfj]z ug{ kfOg]5 .
-$_ clgjfo{ df}Hbft tyf t/n;DklQsf] u0fgf b]xfo jdf]lhd x'g]5 –M
-s_ clgjfo{ df}Hbft / t/n ;DklQsf] u0fgf b}lgs cf}iftsf] cfwf/df dfl;s ?kdf ul/g]5 .
-v_ æsÆ ju{sf Ohfhtkqk|fKt ;+:yfdf /x]sf] d'2tL lgIf]ksf] xsdf a9Ldf gAa] k|ltzt;Dd
dfq t/n ;DklQdf u0fgf ug'{kg]{ 5 .
-u_ pkbkmf -@_ adf]lhdsf t/n ;DklQsf] u0fgf ubf{ d'2tL lgIf]k jf ;/sf/L C0fkq tyf g]kfn
/fi6« a}+s C0fkq lwtf]df /fvL C0f lnPsf] eP C0f lnP a/fa/sf] /sd 36fpg' kg]{5 .
-3_ æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfn] lgb]{zg kmf=g+= !#=@ adf]lhd clgjfo{ df}Hbft / t/n
;DklQsf] ljj/0f dfl;s ?kdf k|To]s dlxgf lat]sf] kGw| lbgleq o; a}+ssf] ;DjlGwt
;'kl/j]If0f ljefudf k7fpg'kg]{ 5 .
162
-%_ clgjfo{ df}Hbft / t/n ;DklQ sfod g/fv] æ3Æ ju{sf Ohfhtkqk|fKt ;+:Yffn] pkbkmf -!_
adf]lhd o; a]}+sdf hDdf ug'{kg]{ clgjfo{ df}Hbft hDdf gu/]df jf sd hDdf u/]df ;f] gu/]sf]
cjlw;Ddsf] nflu bkmf ! sf] pkbkmf -#_ adf]lhd hl/jfgf ul/g]5 .
-^_ dfly h'g;'s} s'/f n]lvPsf] ePtf klg cGo a+}s tyf ljQLo ;+:yfsf] tkm{jf6 c;'n u/L lbg] zt{df
yf]s shf{ sf/]fjf/ ug]{ æ3Æ ju{sf n3' ljQ ljsf; a}sdf x:tfGt/0f eO{ cfPsf] C0f ;fk6L
/sddf clgjfo{ df}Hbft sfod ug'{kg]{ Joj:yfnfO{ 5'6 lbg ;lsg] 5 .
#= cGo Joj:yf
Ohfhtkqk|fKt ;+:yfx?sf] sfo{nfO{ lj:tfl/t, ;xh / ;'ljwfo'Qm agfpg ahf/ lgdf{tfx¿ afx]ssf o;
a}+saf6 æsÆ, ævÆ / æuÆ ju{sf] Ohfht k|fKt ;+:yfn] klg ;/sf/L ;'/If0fkqsf] ;fFjf tyf Aofh e'QmfgL
u/L ;f]sf] zf]wegf{sf] nflu o; a}+sdf dfu ug{ ;Sg]5g\ . o; a}+saf6 Ohfhtkqk|fKt ;+:yfx¿sf nflu
g]kfn ;/sf/sf] ;'/If0fkqsf] ;fFjf e'QmfgL /sdsf] zf]wegf{ k|fKt gx'Fbf;Ddsf] cjlwsf] nflu pQm /sdnfO{
;d]t clgjfo{ gub cg'kftdf u0fgf ul/g] 5 . ;fy}, ;fj{hlgs labf kg{ uO{ ;DalGwt a}+s tyf ljQLo
;+:yfnfO{ ;fFjf /sd e'QmfgL ug{ g;lsPsf] cj:yfdf ;f] labfsf] cjlwsf] nflu pQm ;fFjf /sdnfO{ o;
a}+sdf /fVg'kg]{ clgjfo{ gub cg'kftdf u0fgf x'g] 5 .
#= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] clgjfo{ df}Hbft ;DjGwL O=k|f lgb]{zg g+=
!#÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;}
ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg] 5 .

163
lgb]{zg kmf=g+=!#=!

æsÆ, ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] sfod /fVg'kg]{ clgjfo{ df}Hbft ;DaGwL
;fKtflxs ljj/0f
ldlt @) ===== ;fn ======== dlxgf ====== ut]b]lv @) ====== ;fn ========= dlxgf======== ut];Ddsf] lgIf]k
-?=xhf/df_
cfOtaf/ ;f]daf/ d+unaf/ a'waf/ ljxLaf/ z'qmaf/ zlgjf/ hDdf cf}ift
s'n lgIf]k bfloTj
-s_g]kfn /fi6« a}+sdf /x]sf] df}Hbft -
ldlt @) === ;fn ======dlxgf b]lv
====;DDf_
-g]kfn /fi6« a}+s /]s8{ cg';f/_
-v_*æsÆ ju{sf] Ohfhtkqk|fKt
a}+sdf rNtL vftfdf /x]sf]
df}Hbft
-u_ dfu{:y gub
-3_;/sf/L C0fkq÷jrtkqsf] ;fFjf
e'QmfgL /sd
-ª_ clgjfo{ gub df}Hbft k|ltzt
-r_;fk6L lnPsf] s'n /sdsf] ljj/0f

* ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfsf] xsdf dfq .


ldltM @)^ . .
ljj/0f k]z ug]{ clws[tsf] b:tvt M

bhf{ M

gfd / y/ M
-s_ æs'n lgIf]kÆ eGgfn] rNtL, art / d'2tL vftfsf] /sd tyf dfu]sf avt e'QmfgL lbg'kg]{ /sd / ;l6{lkms]6 ckm
l8kf]lh6 ;Demg' k5{ . o; k|of]hgsf] nflu kl/jTo{ ljb]zL d'b|fsf] lgIf]k, sd{rf/L hdfgt tyf dflh{g vftfdf /x]sf]
/sd ;dfj]z x'g] 5}g .
-v_ æd'2tL lgIf]kÆ eGgfn] lglZrt cjlw;Dd hDdf /xg] u/L /flvPsf] :jb]zL d'b|fsf] lgIf]k ;Demg' k5{ .
-u_ ærNtL / art lgIf]kÆ eGgfn] d'2tL lgIf]k afx]ssf ;a} k|sf/sf lgIf]k ;Demg' k5{ .
-3_ o; a}+ssf] ;fwf/0f vftfdf ePsf] df}HbftnfO{ dfq clgjfo{ df}Hbftdf u0fgf ul/g] 5 . o; a}+sdf ljz]if k|of]hgsf]
nflu vf]lnPsf] ljz]if vftf tyf ljb]zL d'b|f vftfdf /x]sf] /sdnfO{ o; k|of]hgsf] nflu u0fgf ul/g] 5}g .

164
lgb]{zg kmf=g+=13=2

æ3Æ ju{sf Ohfhtkqk|fKt ;+:yfsf nflu


clgjfo{ df}Hbft tyf t/n ;DklQ;DaGwL ljj/0f
-dfl;s_
@) === ;fn === dlxgf=== ut]b]lv === d;fGt;Dd
ut] s'n s'n g]kfn /fi6« a}+s jf cfkm\gf] ;/sf/L g]kfn /fi6« s ju{sf] C0fkq. s'n
art art o; a}+saf6 s ju{sf] 9's'6Ldf C0fkqdf a}+s Ohfhtkqk|fK d'2tL t/n
tyf sf]if Ohfhtkqk|fKt /x]sf] gub u/]sf] C0fkqdf t ;+:yfdf lgIf]k /l;b ;DklQ
;fk6L ;+:yfdf rNtL vftf df}Hbft nufgL u/]sf] lgIf]ksf] ?kdf shf{
sf]if vf]nL hDdf u/]sf] nufgL /x]sf] df}Hbft -–_
df}Hbft
!
@
#
$
%
^
&
*
(
!)
!!
!@
!#
!$
!%
!^
!&
!*
!(
@)
@!
@@
@#
@$
@%
@^
@&
@*
@*
@(
#)
#!
#@
s'n
cf}ift
clgjfo{ gub÷
t/ntf df}Hbft
k|ltzt

ldlt clws[t

165
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= !$÷)^^
laifoM– zfvf÷sfof{no vf]Ng] ;DaGwL Joj:yf .
Ohfhtkqk|fKt ;+:yfsf] zfvf÷sfof{no Joj:yfsf ;DaGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf]
clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 M–
!= zfvf÷sfof{no vf]Ng] ;DaGwL Joj:yf
-s_ b]xfosf] cj:yf k"/f u/]sf æsÆ / ævÆ ju{sf] Ohfhtkqk|fKt ;+:Yffn] gofF zfvf sfof{no vf]Ng
;Sg]5g\ M
-c_ zfvf lj:tf/ ug{sf nflu k|:tfljt :yfg ljQLo ?kn] ;DefJo /x]sf] :ynut cWoog k|ltj]bg
tof/ ug'{kg]{ .
-cf_ o; a}+ssf] gLltut Joj:yf tyf lgb]{zgn] tf]s]sf] Go"gtd r'Qmfk'FhL k"/f u/]sf] jf rfn' cf=j=
sf] nflu r'Qmf k'FhL k"/f ug{ ;do lbPsf]df ;f] ;doleq k'FhL j[l4 ug]{ u/L tof/ ul/Psf] k'FhL
of]hgf jdf]lhdsf] sfo{ ;+kfbg e}/x]sf] Joxf]/f o; a}+s ;dIf k]z ul/;s]sf] .
-O_ o; a}sjf6 Ohfhhkq k|bfg ubf{ tf]lsPsf zt{x? k"/f ug{'sf ;fy} zfvf vf]Ng' cufl8sf]
q}]dfl;s ljQLo ljj/0fdf o; a}+sn] tf]s]sf] k'FhLsf]if k"/f u/]sf] .
-O{_ zfvf sfof{nodf ;"rgf cfbfg k|bfg ug{sf] nflu g]6jls{Ë (Networking) u/L jf ljB'tLo
dfWodjf6 s]Gb|Lo sfof{nodf ;"rgf k|0ffnLdf tTsfn cfj4 x'g ;Sg] Joj:yf u/]sf] .
-p_ ut qodf;df lgliqmo shf{ (NPL) % k|ltzteGbf a9L gePsf] .
-pm_ zfvf sfof{no :yfkgf÷;+rfng ug]{ ;DaGwL lg0f{o ;DalGwt a}+ssf] ;~rfns ;ldltaf6
ug'{kg]{ . ;~rfns ;ldltn] lg0f{o u/]sf] ldltn] !% lbg leq ;f]sf] hfgsf/L o; a}+snfO{
u/fpg' kg]{ . o; a}+snfO{ hfgsf/L u/fPsf] ldltn] 5 dlxgfleqdf zfvf sfof{no vf]nL
sf/f]af/ ;~rfng ul/;Sg' kg]{ .
-P_ sf7df08f}+ pkTosf aflx/ Pp6f gofF zfvf :yfkgf u/L sf/f]af/ ;+rfng u/]kZrft dfly v08
-s_ sf] pkv08 -c_ b]lv -p_ df pNn]lvt ;Dk"0f{ cj:yf, zt{ / k|s[of k"/f u/]sf] cj:yfdf
dfq sf7df08f} pkTosfdf Pp6f zfvf vf]Ng kfOg]5 . o; k|of]hgsf] nflu @)^$ cfiff9
d;fGtnfO{ cfwf/dfgL ;f] ldlt kl5 o; a}+snfO{ hfgsf/L lbO{ v'n]sf zfvfx?nfO{ pkTosfleq
/ aflx/sf zfvf sfof{nosf] k|of]hgsf] nflu u0fgf ul/g] .
-P]_ tf]lsPsf lhNnfx?df dfq sfo{If]q /x]sf ævÆ ju{sf] O{hfhtkq k|fKt ;+:yfn] dfly plNnlvt -c
b]lv p ;Dd_ cj:yf tyf zt{x? k"/f u/]kl5 cfˆgf] sfo{If]qleq zfvf sfof{no vf]Ng ;Sg] .
-v_ b]xfosf] cj:yf k"/f u/]sf æuÆ ju{sf] O{hfhtkq k|fKt ljQ sDkgLn] :jLs[t sfo{If]qsf] cwLgdf /xL
gofF zfvf sfof{no vf]Ng ;Sg]5g\ M
-c_ zfvf lj:tf/ ug{sf nflu k|:tfljt :yfg ljQLo ?kn] ;DefJo /x]sf] :ynut cWoog k|ltj]bg
tof/ ug'{kg]{ .
-cf_ o; a}+ssf] gLltut Joj:yf tyf lgb]{zgn] tf]s]sf] Go"gtd r'Qmfk'FhL k"/f u/]sf] jf rfn' cf=j
sf] nflu r'Qmfk'FhL k"/f ug{ ;do lbPsf]df ;f] ;doleq k'FhL j[l4 ug]{ u/L tof/ ul/Psf] k'FhL
of]hgf jdf]lhdsf] sfo{ ;+rfng e}/x]sf] hfgsf/L o; a}+s ;dIf k]z ul/;s]sf] .
-O_ o; a}sjf6 Ohfhhkq k|bfg ubf{ tf]lsPsf zt{x? k"/f ug'{sf ;fy} zfvf vf]Ng' cufl8sf]
q}]dfl;s ljQLo ljj/0fdf o; a}+sn] tf]s]sf] k'FhLsf]if k"/f u/]sf] .
-O{_ zfvf sfof{nodf ;"rgf cfbfg k|bfg ug{sf] nflu g]6jls{Ë (Networking) u/L jf ljB'tLo
dfWodjf6 s]Gb|Lo sfof{nodf ;"rgf k|0ffnLdf tTsfn cfj4 x'g ;Sg] Joj:yf u/]sf] .
-p_ ut qodf;df lgliqmo shf{ (NPL) % k|ltzteGbf a9L gePsf]] .
-pm_ zfvf sfof{no :yfkgf÷;+rfng ug]{ ;DaGwL lg0f{o ;DalGwt ;+:yfsf] ;~rfns ;ldltaf6
ug'{kg]{ . ;~rfns ;ldltn] lg0f{o u/]sf] ldltn] !% lbg leq ;f]sf] hfgsf/L o; a}+snfO{
u/fpg' kg]{ . o; a}+snfO{ hfgsf/L u/fPsf] ldltn] 5 dlxgfleqdf zfvf sfof{no vf]nL
166
sf/f]af/ ;~rfng ul/;Sg' kg]{ .
-P_ pkv08 -cf_ adf]lhdsf] Go"gtd r'Qmf k'FhL k"/f ug'{sf cltl/Qm k|lt zfvf ?= %) nfvsf
b/n] cltl/Qm r'Qmf k'FhL yk ul/;s]sf] cj:yfdf sf7df08f}+ pkTosf jflx/ Pp6f / k|lt zfvf
?= @=)) s/f]8sf b/n] cltl/Qm r'Qmf k'FhL yk ul/;s]sf] cj:yfdf sf7df08f}+ pkTosfdf
Pp6f gofF zfvf sfof{no vf]Ng ;Sg]5 . o; k|of]hgsf] nflu ;+:yfsf] Go"gtd r'Qmf k"+hL ? %
s/]f8 jf @)^$ cfiff9 d;fGtdf sfod /x]sf] r'Qmf k"+hLnfO{ cfwf/ dfgL x/]s aif{ k'FhL of]hgf
cg';f/ ;dfg'kflts ?kdf k'/\ofpg'kg]{ k'FhLsf cltl/Qm pk/f]Qm cg';f/sf] yk k"+hLsf] Joj:yf
u/]df dfq zfvfsf] k|of]hgsf] nflu u0fgf ul/g] 5 .
-P]_ sf7df08f}+ pkTosf aflx/ Pp6f gofF zfvf :yfkgf u/L sf/f]af/ ;+rfng u/]kZrft dfly v08
-v_ sf] pkv08 -c_ b]lv -P_ df pNn]lvt ;Dk"0f{ zt{, cj:yf / k|s[of k"/f u/]sf] cj:yfdf
dfq sf7df08f} pkTosfdf Pp6f zfvf vf]Ng kfOg]5 . @)^$ cfiff9 d;fGtnfO{ cfwf/dfgL ;f]
ldlt kl5 o; a}+snfO{ hfgsf/L lbO{ v'n]sf zfvfx?nfO{ pkTosf leq / aflx/sf zfvfx?
sfof{nosf] k|of]hgsf] nflu u0fgf ul/g]5 .
-u_ b]xfosf] cj:yf k"/f u/]sf æ3Æ ju{sf] O{hfhtkq k|fKt ;+:yfn] :jLs[t sfo{If]qsf] cwLgdf /xL gofF
zfvf sfof{no vf]Ng ;Sg]5g M
-c_ o; a}+sn] tf]s]sf] k'FhLsf]if k"/f u/]sf æ3Æ ju{sf ;+:yfn] cfˆgf] sfo{If]q leq zfvf÷sfof{no
vf]Ng, jGb ug{, :yfgfGt/0f jf ufEg] sfo{ ug{ o; a}+ssf] :jLs[lt lng cfjZos kg]{ 5}g .
zfvf :yfgfGt/0f, aGb jf vf]Ng] sfo{ u/L ;f] s'/fsf] hfgsf/L !% lbgleq o; a}+snfO{
pknAw u/fpg' kg]{5 .
-cf_ n3' ljQsf] sf/f]jf/ ug]{ æ3Æ ju{sf ljQLo ;+:yfn] @)^$ cfiff9df sfod /x]sf] r'Qmf k"+hLdf
? @% nfv jf ;f] sf b/n] yk u/]df xfn sfod /x]sf] ef}uf]lns If]q;+u hf]l8Psf] yk Ps
lhNnf jf ;f]xL cg'kftdf r"Qmf k+"hL a[l4 u/]df yk lhNnfx?df ;d]t sfo{If]q yk u/L zfvf
lj:tf/ ug{ ;Sg]5g\ . o;/L yk lhNnfx?df sfo{If]q lj:tf/ ug{ rfxg] ;+:yfx?n] cfˆgf] r'Qmf
k"+hLdf yk ePsf] ljj/0f n]vfk/LIfsjf6 k|dfl0ft u/fO{ o; a]}ssf] lgodg ljefu / ;DalGwt
;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 .
-3_ ljz]if Joj:yf cGt/ut gu/kflnsf jf ufFp ljsf; ;ldltdf :yfkgf u/L ljQLo sf/f]jf/ ;+rfng
ug]{ ljQLo ;+:yfx?n] zfvf sfof{no tyf cGo s'g} klg yk sfof{no :yfkgf ug{ kfpg] 5}g .
-8=_ zfvf ÷sfof{no vf]Ng] lg0f{o ubf{ jf ;+rfngsf] ;dodf dfly plNnlvt zt{ tyf Joj:yfx? k"/f
gePsf / Joj:yfkg ;'wf/sf] k|s[ofdf /x]sf ;+:yfx?n] laz]if cj:yfdf o; a}sn] tf]lslbPsf]
zt{x?sf] clwgdf /xL zfvf sfof{no÷cGo sfof{no :yfkgf ug{ kfpg]5 .
-r_ o; a}sjf6 :jLs[lt lnO{;s]sf t/ xfn;Dd zfvf sfof{nojf6 ljQLo sf/f]jf/ ;+rfng gu/L;s]sf
a}+s tyf ljQLo ;+:yfx?n] ;d]t dfly s / v df plNnlvt zt{ tyf Joj:yfx? k"/f u/]sf] cj:yfdf
dfq zfvf sfof{no vf]nL sf/f]jf/ ;+rfng ug{ kf+pg]5g .
@= zfvf÷sfof{no aGb tyf :yfgfGt/0f ug]{ ;DaGwL Joj:yf
-s_ æsÆ, ævÆ / æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfn]] o; a}+ssf] k"j{ :jLs[lt ljgf zfvf jf s'g} klg
lsl;dsf] sfof{no aGb ug{ jf :yfgfGt/0f ug{ jf ufEg kfpg] 5}gg\ .
-v_ æsÆ, ævÆ / æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfn]] dxfgu/kflnsf, pk–dxfgu/kflnsf /
gu/kflnsfsf] ;f]xL j8fleq tyf uf=lj=;=sf] xsdf ;f]xL uf=lj=;=leq zfvf sfof{no :yfgfGt/0f
ug'{ k/]df Ohfhtkqk|fKt ;+:yfsf] ;+rfns ;ldltsf] lg0f{ofg';f/ :yfgfGt/0f u/L & lbgleq ;f]sf]
hfgsf/L o; a}+snfO{ lbg'kg]{ 5 .
-Uf_ Ohfhtkqk|fKt ;+:yfn]] s]Gb||Lo÷/lhi68{ sfof{no -skf]{/]6 sfof{no_ sf] 7]ufgf kl/jt{g ug{ jf
:yfgfGt/0f ug{ rfx]df k|rlnt sfg'gsf] clwgdf /xL cfˆgf] k|jGwkq tyf lgodfjnLdf kl/dfh{g÷
Joj:yf u/] o; a}ssf] :jLs[lt lnO{ ug{;Sg] 5g\ .
#= zfvf÷pkzfvfx? k"j{jt :yfgdf sfod ug]{ ;DaGwdf .
ljutdf ;'/Iffsf] sf/0faf6 o; a}+ssf] :jLs[lt lnO{÷glnO{ o; a}+snfO{ ;"rgf dfq lbP/ aGb ul/Psf÷
uflePsf zfvf÷pkzfvfx? k"j{jt ?kdf ;~rfng ug{ o; a}+ssf] :jLs[tL lnO/xg' kg]{ 5}g . To;/L k"j{jt
?kdf ;~rfng eP kl5 ;f] sf] hfgsf/L & lbg leq o; a}+snfO{ lbg'kg]{ 5 .
$= sfof{no ;do ;DjGwL Aoj:yf
g]kfn /fi6« a}+s v'n]sf] lbg / ;dodf Ohfhtkqk|fKt ;+:yfx?n] clgjfo{ ?kdf cfˆgf] sfof{no ;~rfng ug'{kg]{
167
5 . t/, Ohfhtkqk|fKt ;+:yfx?n] g]kfn /fi6« a}+s v'n]sf] lbg / ;dosf cltl/Qm ;do tyf cGo ljbfsf lbg
/ ;dodf cfˆgf] sf/f]jf/ ;~rfng ug'{ k/]df o; a}ssf] a+}+s tyf ljQLo ;+:yf lgodg ljefudf / ;DjlGwt
;'kl/j]If0f ljefudf ;f]sf] k"j{ hfgsf/L lnlvt ?kdf lbO{ sf/f]jf/ ;+rfng ug{;Sg] 5g\ .
%= PS;6]G;g sfp06/ tyf ;Dks{ sfof{no ;DjGwL Joj:yf
o; a}+sn] tf]s]sf] k'FhLsf]if sfod u/]sf Ohfhtkqk|fKt ;+:yfx?n] cfˆgf] s'g} sfof{nosf] tkm{af6 vf]n]sf]
jf vf]Ng] PS;6]G;g sfp06/ ;DjGwdf b]xfo cg';f/ ug'{kg]{ 5 M–
-s_ sf7df08f} pkTosf,dxfgu/kflnsf tyf pkdxfgu/kflnsf leq PS;6]G;g sfp06/ vf]Ng lbOg] 5}g .
t/, Jofkfl/s pT;j, d]nf, k]G;g tyf ahf/ ;+rfng x'g] :yndf 5f]6f] cjlw cyf{t a9Ldf #%
lbgsf] nflu lgIf]k ;+sng,r]ssf] e'QmfgL / ljb]zL d'b|fsf] ;6xL sfo{ dfq ug]{ u/L o; a}+snfO{ k"j{
hfgsf/L lbO{ To:tf] PS;6]G;g sfp06/ vf]Ng ;lsg]5 .
-v_ v08 -s_ df plNnlvt If]q afx]s cGo :yfgdf æsÆ ævÆ / æuÆ ju{sf] O{hfhtkq k|fKt ;+:yfsf]
s'g}] PS;6]G;g sfp06/ o; a}+ssf] k"j{ :jLs[lt lnO{ vf]Ng ;lsg]5 . o;/L vf]lnPsf PS;6]G;g
sfp06/af6 lgIf]k ;+sng ug{ / lgIf]k vftfaf6 e'QmfgL lbg kfOg]5 . ljb]zL d'b|fsf] v/Lb÷ljqmL
sfo{sf] xsdf o; a}+ssf] ljb]zL ljlgdo ljefusf] Ohfhtkq cfjZos kg{]5 .
-u_ æsÆ / ævÆ ju{sf] O{hfhtkq k|fKt ;+:yfn] o; a}ssf] k"j{ :jLs[lt k|fKt u/L o; a}+s kl/;/
j/Lk/L, cbfnt kl/;/, c:ktfn, ljb]zL s'6g}lts lgof]ux?sf] xftfleq tyf ljb]zdf sfd ug]{
g]kfnLsf] nflu k]G;g ljt/0f tyf /fh:j ;+sng ÷;/sf/L sf/f]jf/ ;~rfng ug]{ k|of]hgsf] nflu
vf]lng] sfp06/x?af6 :jb]zL d'b|fdf lgIf]k ;+sng tyf e'QmfgL ug{ jfx]s cGo s'g} klg ljQLo
sf/f]jf/ ug{ gkfOg] u/L PS;6]G;g sfp06/ ;~rfng ug{ :jLs[lt k|bfg ug{ ;lsg]5 . To:t}
6]lnkmf]g, ljB't, vfg]kfgL dxz'n tyf jLdf lk|ldod /sd ;+sng ug]{ k|of]hgafx]s cGo s'g} klg
sfo{ ug{ gkfpg] u/L To:tf] sfo{ ug]{ sfof{nosf] xftfleq PS;6]G;g sfp06/ ;~rfng ug{
:jLs[lt k|bfg ug{ ;lsg]5 .
;fy}, o;/L vf]lng] PS;6]G;g sfp06/ vf]Ng] ;DjGwL :jLs[lt k|bfg ubf{ v08 æsÆ sf] Joj:yf
nfu" gx'g] t/, zfvf sfof{no vf]Ngsf] nflu tf]lsPsf Joj:yfx? kfngf u/]sf] x'g'kg]{ 5 .
-3_ zfvf lj:tf/ ug{ tf]lsPsf zt{x? k"/f u/]sf Ohfhtkqk|fKt ;+:yfx?n] o; a}+ssf] :jLs[lt k|fKt
u/L j}b]lzs /]ld6\ofG; /sd (Remittance) e'QmfgL ug]{ k|of]hgsf] nflu /]ld6\ofG; e'QmfgL sfp06/
;+rfng ug{ ;Sg]5g\ .
-8=_ a}b]lzs z]o/ nufgL ;d]tsf] ;xeflutfdf :yfkgf ePsf Ohfhtkqk|fKt ;+:yfx?n] dfq o; a}+sn]
tf]s]sf zt{x?sf] clwgdf /xL ;Dks{÷k|ltgLlw sfof{no vf]Ng kfpg] 5g\ .
^= zfvf/lxt a}+ls+u ;DaGwL Joj:yf
Joj;flos k|ltlgwLsf] ;xfotfn] Point of Transaction Machine -POT_ sf] dfWodaf6 Smart Card sf] k|of]u
u/L b'u{d÷u|fdL0f If]qdf ;+rfng ul/g] zfvf/lxt a}+lsu -Branchless Banking_ ;]jf ;DaGwL sfo{ ug{ rfxg]
æsÆ ju{sf afl0fHo a}+s / /fli6«o:t/sf ævÆ ju{sf ljsf; a}+sx?nfO{ dfq b]xfosf] Joj:yf tyf zt{x?sf]
clwgdf /xL g]kfnsf] sf7df08f}+ pkTosfleqsf gu/kflnsf÷pk–dxfgu/kflnsf÷dxfgu/kflnsf afx]ssf
If]qx?df dfq zfvf/lxt a}+lsu ;DaGwL ;]jf ;+rfng ug{ cg'dlt k|bfg ug{ ;lsg]5 .
!= zfvf/lxt a}+lsu ;DaGwL ;]jf ;+rfng ug{ rfxg] a}+s tyf ljQLo ;+:yfn] zfvf/lxt a}+lsu ;DaGwL
sfo{ ug]{ d]lzgsf] sfo{;Dkfbg ug]{ IfdtfnfO{ k|fljlws ?kdf d"Nof+sg u/]/ tyf d]lzg cfk"tL{ ug]{
sDkgL;+u Memorandom of Understanding u/]/ o;nfO{ sfof{Gjog ug{] .
@= zfvf/lxt a}+lsu ;DaGwL sfo{ ;+rfng ug{ rfxg] a}+s tyf ljQLo ;+:yfn] To;sf] nflu cfjZos
k|fljlws k"jf{wf/ -Hardware, Software, Data Communication/Transmission Mechanism cflb_ /
cfjZos bIf hgzlQmsf] af/]df o; a}+s ;dIf hfgsf/L lbP/ dfq sf/f]af/ z'? ug'{kg]{ 5 .
#= ljBdfg ;+rf/ ;fwg -PSTN, Cellular Communications_ sf] dfWodaf6 Pp6f oGqsf] ;xfotfn] sf/f]jf/
ubf{ ;a}eGbf dxTjk"0f{ kIf ;'/Iff k|0ffnLnfO{ dha't agfO{ hf]lvd lgoGq0f ug'{kg]{ . h; cg';f/,M
;DalGwt a}+sn] zfvf/lxt a}+lsu ;DaGwL sfo{ ubf{ Industry Standard Security Features
kfngf÷sfod u/]sf] x'g'kg]{ .
a}+ssf] Network / Database k"0f{ ;'/lIft /xg] Joj:yf ug'{kg]{ .
Software vl/b u/]sf] v08df Software License sf] k|df0fkq k|fKt u/]sf] cflwsf/Ls ljqm]tf -
Authorised Vendor_ ;+u ;+emf}tf u/L ;+rfng ug'{kg]{ .

168
zfvf/lxt a}+lsusf nflu k|of]u x'g] k|ljlw ;'/lIft x'g'kg]{ / o;n] Confidentiality, Integrity,
Authenticity cflbnfO{ ;'lglZrt ug'{kg]{ .
To:tf] ;]jfdf ;+nUg x'g] gub tyf cGo ;DklQsf] aLdf u/]sf] x'g'kg]{ .
k|fljlws Joj:yfkgdf s'g} ;d:of cfO{ lgIf]k tyf e'QmfgL sf/f]af/ k|efljt eO{ Database Iflt
ePdf ;f] Ifltsf] k"0f{ hjfkmb]lxtf ;DalGwt a}+s tyf ljQLo ;+:yfsf] g} x'g] .
Joj;flos k|ltlglw -Business Correspondent_ sf] ;'/Iff l:ylt tyf :yfg ljZf]if x]/L zfvf/lxt
a}+lsu ;]jf ;+rfng ug{ rfxg] æsÆ ju{sf afl0fHo a}+s / /fli6«o:t/sf ævÆ ju{sf ;+:yfn]
sf/f]af/ /sdsf] ;Ldf lgwf{/0f ug{;Sg] .
;]jfdf ;+nUg a}+ssf] Jojzflos k|ltlglwsf] sf/f]af/ :yfg ;'/lIft tyf ;j{;'ne x'g'kg]{ .
$= zfvf/lxt a}+lsusf] dfWodaf6 g]kfnL ?k}ofsf] dfq lgIf]k tyf e'QmfgL ;]jf k|bfg ug'{kg]{ /
cGt/f{li6«o:t/df sf/f]jf/ -Cross Border Transaction_ ug{ / e'QmfgL ;]jfdf a}b]lzs d'b|fsf] k|of]u ug{
gkfOg] .
%= zfvf/lxt a}+lsu dfkm{t g]kfnleq lgIf]k :jLsf/ tyf e'QmfgL / shf{ sf/f]af/ dfq ug{;lsg] .
^= zfvf/lxt a}+lsu ;DaGwL ;Dk"0f{ hf]lvdsf] klxrfg / Joj:yfkgsf] bfloTj ;DalGwt a}+s tyf ljQLo
;+:yfsf] g} x'g] .
&= o:tf] ;]jf pknAw u/fpg] Joj;flos k|ltlglwsf] sf/f]af/sf] k|ToIf lgoGq0f ug{ ;DalGwt a}+sn]
glhssf] zfvf jf Parent zfvf tf]Sg'kg]{ .
*= b}lgs sf/f]jf/ ;DkGg ePkZrft ;DalGwt glhssf] zfvf jf Parent zfvf jf s]Gb|Lo sfof{nodf
Data Transfer clgjfo{ u/L pko'Qm Backup sf] Joj:yf u/]sf] x'g'kg]{ .
(= zfvf/lxt a}+lsu sf/f]af/ ug]{ ;DaGwL lg0f{o ;DalGwt a}+s tyf ljQLo ;+:yfsf] ;+rfns ;ldltaf6
ePsf] x'g'kg]{ .
!)= dfly pNn]lvt zt{x?, cGo k|rlnt sfg'g / o; a}+ssf] lgb]{zgsf] clwgdf /xL o; a}+ssf] k"j{:jLs[lt
lnP/ dfq e'QmfgL ;]jf tyf lgIf]k :jLsf/ ug]{ sfo{ ug{ ;lsg] .
&= zfvf÷sfof{no ;DjGwL lgb]{zgsf] kfngf gu/]df x'g] sf/jfxL
Ohfhtkqk|fKt ;+:yfn]] zfvf÷sfof{no ;DjGwL o; lgb]{zgsf] kfngf gu/L zfvf sfof{no vf]nL ;+rfng
u/]df g]kfn /fi6« a}+s P]g, @)%* adf]lhd b]xfosf sf/jfxL ul/g]5,
!_ k|s[of tyf zt{ k"/f gu/L vf]lnPsf zfvf tTsfn} aGb ul/g] / cfufdL @ jif{;Dd yk zfvf vf]Ng gkfO{g] .
@_ k|s[of tyf zt{ k"/f gu/L zfvf sfof{no ;+rfng ug]{ lg0f{odf ;+NfUg ;+rfnsx?nfO{ g]kfn /fi6« a}s
P]g @)%* sf] bkmf !)) -@_ jdf]lhdsf] sf/jfxL / ;hfo x'g] .
#_ a}s tyf ljQLo ;+:yf ;DjGwL P]g, @)^# / k|rlnt cGo sfg'g jdf]lhd s'g} klg sf/jfxL ug{ ;lsg] .
*= sf/f]jf/ ug'{ cufj} kmf/fd eg'{kg]{
Ohfhtkqk|fKt ;+:yfn]] o; lgb]{zg jdf]lhd zfvf sfof{no vf]Ng] lg0f{o u/L sf/f]jf/ ;+rfng ug'{ cufj}
o;};fy ;+nUg cg';"rL !$=! jdf]lhdsf] kmf/fd e/L o; a}snfO{ pknJw u/fpg' kg]{5 . ;f] ;DjGwdf o;
a+}sn] s'g} s}lkmot hgfPsf] cj:yfdf ;f] sf] kfngf u/]/ dfq zfvf sfof{no ;+rfng ug'{kg]{ 5 .
(= vf/]hL / arfpm
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] zfvf sfof{no ;DaGwL Joj:yf ;DaGwL O=k|f
lgb]{zg g+= !$÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf
o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ v08 -s_ adf]lhd vf/]h ul/Psf lgb]{zg cGt/ut eP u/]sf ;Dk"0f{ sfdsf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

169
cg';"rL !$=!
zfvf÷sfof{no vf]Ng] a}+s tyf ljQLo ;+:yfn] g]kfn /fi6« a}+sdf k]z ug'{kg]{ ljj/0fsf] 9fFrf
ldltM =======================
>L g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
afn'jf6f/, sf7df8f}+ .
laifoM zfvf sfof{no vf]Ng] hfgsf/L jf/] .
dxfzo,
To; a}+ssf] PsLs[t lgb]{zg g+= !$÷)^^ n] tf]s]sf zt{x?sf] k"0f{ kfngf u/L ldlt @)=====. . b]lv b]xfo
adf]lhdsf] :yfgdf zfvf sfof{no÷PS6]G;g sfof{no vf]Ng] u/L o; a}+ssf] ;+rfns ;ldltsf] lg0f{o g+= ===== ldlt
=================== af6 lg0f{o ePsf] x'Fbf To+xfsf] hfgsf/Lsf] nflu cg'/f]w ub{5f}+ .
!= a}+s÷ljQLo ;+:yfsf] gfd, 7]ufgf M
@= ;+:yfsf] ljj/0f
-s_ g]kfn /fi6« a}+saf6 Ohfhtkqk|fKt ldlt M
-v_ ljQLo sf/f]jf/ ;~rfng u/]sf] ldlt M
-u_ ;+:yfsf] ut q}df;sf] r'Qmf k'FhL M
-3_ ;+:yfsf] s"n shf{ /sd M
-ª_ kl5Nnf] cf=j= sf] clGtd n]vfk/LIfsjf6 k|dfl0ft s"n lgliqmo shf{ /sd / k|ltzt M
-r_ xfn;Dd ;+rfngdf /x]sf zfvf ;+Vof M
-5_ gofF zfvf sfof{no vf]n]kl5 x'g] zfvf ;+Vof M
-h_ @)^$ r}q d;fGtkl5 vf]nLPsf zfvfsf] ljj/0f -qmdfg';f/_
c_ sf7df8f}+ pkTosf aflx/sf] ljj/0f M
cf_ sf7df8f}+ pkTosf leqsf] ljj/0f M
#= k|:tfljt zfvfsf] nflu tf]lsPsf] / yk u/L x'g] s'n r'Qmf k'FhLsf] ljj/0f -…uÚ ju{sf] nflu_ M
$= k|:tfljt zfvfsf] nflu sf7df8f}+ pkTosf aflx/ vf]lnPsf zfvfsf] ljj/0f M
%= zfvf sfof{no÷s]Gb|Lo sfof{no;Fu ;"rgf cfbfg k|bfgsf] nflu Joj:yf ul/Psf] ;"rgf k|ljlw (Networking) sf]
ljj/0f M
^= ;j{;fwf/0f z]o/ hf/L u/]sf] ldlt M
&= q}dfl;s k'FhLsf]ifsf] k|ltzt
k|fylds k+"hL k+"hLsf]if k|ltzt
@)^== cfiff9
@)^== cflZjg
@)^== kf}if
@)^== r}q
*= k'FhL of]hgf adf]lhd÷g]kfn /fi6« a}+ssf] lgb]{zg adf]lhd kl5Nnf] cf=a= sf] cGTodf,
-s_ k"/f x'g'kg]{ r'Qmf k'FhL M
-v_ xfn sfod /x]sf] r'Qmf k'FhL M
(= ;+:yfsf] sfo{If]qsf] ljj/0f M
!)= zfvf sfof{no vf]Ng] lg0f{odf ;+nUg /x]sf kbflwsf/Lx?sf] ljj/0f,
-s_ ;+rfns ;ldltsf kbflwsf/Lx? M
-v_ k|d'v sfo{sf/L clws[t÷sDkgL ;lrj M
;fy}, o; a}sn] zfvf sfof{no ;+rfng ug]{ ldltdf ;d]t dfly plNnlvt ;+k"0f{ zt{ tyf Joj:yfx? kfngf ug]{5f} .
dfly plNnlvt ljj/0fx? 7Ls ;fFrf] xf], s'g} ljj/0fdf km/s k/]df k|rlnt sfg'g tyf To; a}+ssf] PsLs[t lgb]{zg g+=
!$÷)^^ df tf]lsP adf]lhdsf] ;hfo÷sf/jfxL ePdf d~h'/L ePsf] Joxf]/f ;d]t cjut u/fpFb5f}+ .
ejbLo,

k|d'v sfo{sf/L clws[t

170
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= !%÷)^^
laifo:- Aofhb/ ;DaGwL Joj:yf .
Ohfhtkqk|fKt ;+:yfn] lgIf]kdf k|bfg ug]{ / shf{ tyf ;fk6df lng] Aofhb/ ;DaGwdf g]kfn /fi6« a}+s P]g, @)%*
sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= Aofhb/ ;DjGwL Joj:yf
æsÆ ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] lgIf]kdf lbg] / shf{ tyf ;fk6df lng] Aofhb/ lgwf{/0f ug{ /
To:tf] Jofhb/sf] k|sf/ tyf sfo{ljlw cfkm+}n] lgwf{/0f ug{;Sg] 5g\ .
@= ;db/ (flat rate) df Aofhb/ tf]Sg aGb]h
æ3Æ jusf] Ohfhtkqk|fKt ;+:yf jfx]s cGo Ohfhtkqk|fKt ;+:yfn] shf{ tyf ;fk6df ;db/ (flat rate) df Aofhb/
tf]Sgkfpg] 5}g .
#= Aofhb/ lg0f{o u/fP/ nfu" ug'{kg]{
Ohfhtkqk|fKt ;+:yfn] lgIf]kdf lbg] / shf{ tyf ;fk6df lng] Aofhb/, Aofh u0fgf ljlw, xhf{gf nufpg] ljlw, ;]jf
z'Ns / sldzg b/ Ohfhtkqk|fKt ;+:yfn] lg0f{o u/fO{ nfu" ug'{kg]{ 5 . Ohfhtkqk|fKt ;+:yfn] lgIf]kdf k|bfg ug]{
k|sflzt Jofhb/df z"Go bzdnj kfFr k|ltzt laGb';Dd a9fpg ;Sg]5g\ eg] shf{sf] Jofhb/sf] xsdf k|sflzt
Jofhb/eGbf a9L b/ sfod ug{kfOg] 5}g . ;fy}, a}+s tyf ljQLo ;+:yf / u|fxsjLrsf] cfk;L ;xdltsf] cfwf/df
lgIf]ksf] Jofhb/ sfod ug'{kg]{ cj:yfdf To:tf] lgIf]ksf] e'StfgL cjlw % jif{ eGbf a9L x'g'kg]{ 5 .
$= Aofhb/ ;DjGwL ljj/0f k7fpg'kg]{
Ohfhtkqk|fKt ;+:yfn] x/]s qodf; ;dfKt ePsf] ldltn] ;ft lbg leq lgIf]k tyf shf{sf] Jofh b/ o; a}+ssf]
a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefudf clgjfo{?kdf k7fpg' kg]{5 . ;fy},
Ohfhtkqk|fKt ;+:yfn] bkmf # df plNnlvt Aofhb/ ;DjGwL ;Dk"0f{ Aoj:Yff Pj+ ljlwx? z'?df nfu" ubf{ / To;kl5
k|To]s k6s ;+zf]wg ubf{ ;f]sf] k"0f{ ljj/0f ;ft lbg leq pknJw u/fpg'kg]{ 5 .
%= Aofhb/ ;fj{hlgs ug'{kg]{
æsÆ ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] lgIf]kdf lbg] / shf{ tyf ;fk6df lng] Aofhb/ ;+zf]wg ubf{ bkmf
$ jdf]lhdsf] ljj/0f /fli6«o :t/sf ;+:yfx?n] sDtLdf ^ dlxgfsf] ! k6s /fli6«o b}lgs klqsf dfkm{t\ / If]lqo
:t/sf ;+:yfn] If]lqo÷lhNnf :t/sf klqsf dfkm{t ;fj{hlgs ug'{kg]{ 5 . ;fy}, Ohfhtkqk|fKt ;+:yfn] rNtL tyf
jrt vftfdf sfod ug'{kg]{ Go"gtd df}Hbftsf] /sd yk36 u/]sf] cj:yfdf ;d]t klqsf dfkm{t ;fj{hlgs ;"rgf
k|sfzg u/L ;j{;fwf/0fnfO{ hfgsf/L u/fpg'kg]{ 5 .
t/ æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yfn] cfkm\gf] ;"rgf kf6Ldf 6fF; u/L ;fj{hlgs hfgsf/L x'g] Joj:yf
ldnfpg'kg]{ 5 .
^= Aofh cfDbfgL hgfpg] Joj:Yff
Ohfhtkqk|fKt ;+:yfn] k|bfg u/]sf] shf{ ;fk6df k|fKt x'g'kg]{ AofhnfO{ gub k|fKtLsf] cfwf/df dfq cfDbfgL
hgfpg'kg]{ 5 . kfs]sf] t/ gubdf c;'n x'g g;s]sf] JofhnfO{ h'g jif{df c;'n ePsf] xf] ;f]xL jif{df dfq
cfDbfgL jfFwL ;f] sf] lx;fj ldnfg ug'{kg]{ 5 . ;DalGwt cjlwe/df kfs]sf] AofhnfO{ ækfpg' kg]{ Aofh lx;fjÆ df
vr{ n]vL æAofh d'NtjL lx;fjÆ df hDdf ug'{kg]{ 5 .
&= Aofh k|bfg ug]{ ;DaGwdf
a}+s tyf ljQLo ;+:yfaf6 k|jflxt shf{÷;fk6df q}dfl;s ?kdf Jofh c;'n ug]{ u/]sf] cj:yfdf lgIf]kstf{sf]
artvftfdf klg sDtLdf #÷# dlxgfdf Jofh k|bfg ug]{ u/L hDdf u/fOlbg'kg]{ 5 .
*= Aofhb/ ;DjGwL Joa:yf kfngf gu/]df x'g] sf/jfxL
Ohfhtkqk|fKt ;+:yfn] Aofhb/;DjGwL lgb]{zgsf] kfngf gu/]df g]kfn /fi6« a}+s P]g, @)%* adf]lhd sf/jfxL
ug{;lsg] 5 .
*= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf] Aofhb/ ;DaGwL O=k|f lgb]{zg g+= !%÷)^!÷^@ af6 hf/L
ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9 d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd eP u/]sf]
dflgg] 5 .
171
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= !^÷)^^
laifo:- ljQLo >f]t ;+sng ;DaGwL Joj:yf .
o; a}+saf6 Ohfhtkqk|fKt ;+:yfn] ;+sng ug{]{ ljQLo >f]t ;DjGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf
&( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= ljQLo >f]t ;+sng ;Ldf
-!_ æsÆ ju{sf Ohfhtkqk|fKt ;+:yfsf] xsdf ljQLo >f]t ;+sng ;DaGwL s'g} ;Ldf nfUg] 5}g .
-@_ ævÆ ju{sf] Ohfhtkqk|fKt ;+:yfn] cfkm\gf] k|fylds k'FhLsf] a9Ldf jL; u'0ff;Dd ljQLo >f]t -Jofh jf ljgf
Jofhdf :jLsf/ u/Lg] s'g} klg k|sf/sf] lgIf]k, ;fk6L / ljleGg lsl;dsf C0f pks/0fx?_ ;+sng ug{;Sg] 5 .
-#_ æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfn] cfkm\gf] k|fylds k'FhLsf] j9Ldf kGw| u'0ff;Dd ljQLo >f]t -Jofh jf ljgf
Jofhdf :jLsf/ u/Lg] s'g} klg k|sf/sf] lgIf]k, ;fk6L / ljleGg lsl;dsf C0f pks/0fx?_ ;+sng ug{ ;Sg]5 .
-$_ æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yfn] cfkm\gf] k|fylds k'FhLsf] a9Ldf tL; u'0ff;Dd ljQLo >f]t kl/rfng
ug{ ;Sg]5 t/, u}/ ;b:ox?jf6 lgIf]k kl/rfng ug{ kfOg] 5}g .
:ki6Ls/0fMM– æljQLo >f]tÆ eGgfn] ;d"x ;b:ox?af6 lgIf]k, ;fk6L / l8j]~r/af6 ;+slnt /sd ;Demg' kb{5 .
-%_ ljQLo >f]t ;+sng ;Ldf cg'udg ug]{ k|of]hgsf nflu ;j}eGbf kl5Nnf] qodf;df sfod /x]sf]
k|fylds k'FhLnfO{ cfwf/ dflgg]5 .
@= ;+:yfut lgIf]k ;+sng ;Ldf
æsÆ, ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfn] s'g} Pp6f kmd{, sDkgL jf ;+ul7t ;+:yfaf6 cfkm\gf] s"n
lgIf]ksf] j9Ldf aL; k|ltzt;Ddsf] ;Ldfdf gj9\g] u/L ;+:yfut lgIf]k kl/rfng ug{ kfpg] 5 .
# lgIf]k ;+sng tyf e'QmfgL ;DjGwL lgod tyf k|s[of agfO{ nfu" ug'{kg]{
-!_ Ohfhtkqk|fKt ;+:yfn] :jLsf/ ug]{ lgIf]ksf] cjlw, k|sf/ cflb ;Dk"0f{ lgod tyf sfo{ljlwsf jf/]df
Ohfhtkqk|fKt ;+:yf cfkm}n] lgod agfO{ nfu" ug{'kg]{ 5 / To:tf] lgod tyf sfo{ljlw o; a}+ssf] a}+s
tyf ljQLo ;+:yf lgodg ljefu / ;DjlGwt ;'kl/j]If0f ljefudf k]z ug'{kg]{ 5 .
-@_ Ohfhtkqk|fKt ;+:yfn] bz jif{b]lv rNtL gePsf tyf xs bfjL gk/]sf lgIf]k vftfx?sf] ljj/0f k|To]s
cfly{s jif{sf] klxnf] dlxgfleq o; a}+sdf k7fpg'kg]{ 5 .
-#_ Ohfhtkqk|fKt ;+:yfn] nfef+z 3f]if0ff u/]sf] ldltn] kfFr jif{;Dd klg ;DalGwt z]o/wgL jf lghsf]
xsjfnf ;f] nfef+z lng gcfPdf To:tf z]o/wgLsf] nfef+zsf] ljj/0f k|To]s cfly{s jif{sf] klxnf]
dlxgfleq o; a}+sdf k]z ug'{kg]{ 5 .
-$_ Ohfhtkqk|fKt ;+:yfn] pkbkmf -!_ jf -@_ adf]lhd rNtL gePsf jf bfjL gk/]sf lgIf]kx? jf ljt/0f
gePsf] nfef+zsf] ljj/0f dfly plNnlvt cjlw ;dfKt ePsf] Ps dlxgf leq /fli6«o :t/sf]
kqklqsfdf sDtLdf Psk6s k|sfzg ug'{kg]{ 5 . ;"rgf k|sflzt x'Fbf ;d]t To:tf] /sd e'QmfgL gePdf
pQm /sdnfO{ o; a}+sn] tf]lslbPsf] vftfdf hDdf ug'{kg]{ 5 .
-%_ Ohfhtkqk|fKt ;+:yfn] vf]Ng] vftfx?dWo] jrt vftf k|fs[lts JolQmsf] xsdf dfq vf]Ng ;lsg]5 .
ljutdf k|fs[lts JolQm jfx]s cGo ;+:yf÷lgsfojf6 jrt vftf vf]n]sf] cj:yfdf cljnDj aGb ug'{kg]{
5 . ;fy} , rNtL tyf jrt vftfsf u|fxsx?nfO{ dfq r]sj's pknJw u/fpg'kg]{ 5 .
$ ;fk6L lng;Sg]
-!_ Ohfhtkqk|fKt ;+:yfn] bkmf ! / bkmf @ df plNnlvt ;Ldfleq /xL Ohfhtkqk|fKt ;+:yf, JolQm, kmd{,
sDkgL tyf ;+ul7t ;+:yf;+u ;fk6L lng;Sg] 5 .
-@_ pkbkmf -!_ df h'g;'s} s'/f n]lvPsf] ePtfklg ljb]zL ;/sf/ jf cGt//fli6«o ;+3÷;+:yfaf6 s'g}
cfly{s ;xfotf jf C0f lng'k/]df Ohfhtkqk|fKt ;+:yfn] o; a}+ssf] :jLs[lt lng'kg]{ 5 .
%= l8a]~r/ tyf cGo C0f pks/0fx? hf/L ug{] ;DaGwL Joj:yf
b]xfodf plNnlvt zt{x? k"/f u/]sf] Ohfhtkqk|fKt ;+:yfn] bkmf ! sf] clwgdf /xL a9Ldf cfkm\gf] k|fylds
k'FhLsf] krf; k|ltzt;Ddsf] l8a]~r/÷cGo C0f pks/0f hf/L ug{ :jLs[ltsf] nflu o; a}+sdf lgj]bg k]z
ug'{kg]{ 5 . To:tf] lgj]bg dfly cfjZos 5fgljg u/L pko'Qm 7fg]df o; a}+sn] l8a]~r/ tyf cGo C0f
pks/0f hf/L ug{] :jLs[lt lbg ;Sg]5 M–
172
-!_ ljQLo sf/f]af/ k|f/De u/]sf] kfFr jif{ k"/f ePsf],
-@_ ;j{;fwf/0fdf ljqmL ljt/0f ug'{kg]{ z]o/ ljqmL ljt/0f u/L lwtf]kq ljlgdo ahf/df ;"rLs[t eO;s]sf] /
-#_ ;+lrt gf]S;fgL afFsL g/x]sf] .
t/, l8a]~r/ tyf cGo C0f pks/0f hf/L ug{ :jLs[lt lng] Ohfhtkqk|fKt ;+:yfx?n] Discount Factor
cGt/ut /fVg'kg]{ Capital Redemption Reserve clgjfo{ ?kdf /fVg'kg]{ 5 .
^= lgIf]k sf/f]jf/ ;DaGwdf
o; a}+saf6 O{hfhtkq k|fKt a}+s tyf ljQLo ;+:yfx?n] cGo k|rlnt sfg'g jdf]lhd lgIf]k kl/rfng tyf
shf{sf] sf/f]jf/ ul//x]sf ljQLo ;+:yfx?df lgIf]k /fVg tyf shf{sf] sf/f]jf/ ug{ gkfOg] t/ n3' ljQsf] yf]s
sf/f]jf/ ug]{ u/L :yfkgf ePsf ljQLo ;+:yfx?sf] xsdf pk/f]Qm Joj:yf nfu" x'g] 5}g .
&= ;LdfeGbf a9L ljQLo >f]t ;+sng u/]df ;Ldfleq Nofpg] ;dofjlw
…vÚ / …uÚ ju{sf Ohfhtkqk|fKt ;+:yfx?n] o; a}+ssf] lgb]{zgn] tf]s]sf] ljQLo ;|f]t ;+sng ;DaGwL Joj:yfsf]
;Ldf eGbf a9L x'g] u/L ;fk6L (Borrowings) lng] tyf kl/rfng u/] ePsf] ca:yfdf b]xfo cg';f/sf] Joj:yf
sfod x'g] 5 .
-!_ ljQLo ;|f]t ;+sng ;DaGwL o; a}+ssf] lgb]{zgdf tf]lsPsf] ;LdfeGbf a9L ljQLo ;|f]t ;+sng u/]sf]
kfOPdf To;/L ;Ldf eGbf a9L ;+sng ul/Psf] ljQLo ;|f]tdf To:tf] ;ldfdf gcfP;Ddsf] cjlwsf] nfuL
b}lgs ?kdf k|rlnt a}+sb/n] x'g cfpg] /sd xhf{gf :j?k ;DalGwt ;+:yfnfO{ nufpg ;lsg] 5 . ;fy},
To:tf] ;DalGwt ;+:yfsf] sfo{sf/L k|d'vnfO{ ;d]t ?= Ps nfv;Dd h/Ljfgf nufpg ;lsg] 5 / o:tf]
/sd sfo{sf/L k|d'vaf6 JolQmut ?kdf c;'npk/ ul/g] 5 .
-@_ o; k|of]hgsf] nflu n]vfk/LIf0f ePsf] ;a}eGbf kl5Nnf] ljQLo ljj/0faf6 sfod x'g cfpg] k|fylds
k'FhLnfO{ cfwf/ lnO{ u0fgf ul/g] 5 .
-#_ ;fk6L ;DaGwL b}lgs ljj/0f xfn o; a}+s ;dIf k]z x'Fb} cfPsf] clgjfo{ df}Hbft ;DaGwL ;fKtflxs ljj/0f
-lgb]{zg kmf=g+= !#=!_ df Pp6f 5'§} ;fk6L zLif{s sfod u/L ;fk6L lnOPsf] s'n /sd v'nfpg'kg]{ 5 .
*= o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] ;+rfngdf cfPsf] ldltn] a9Ldf b'O{ jif{ leq
;j{;fwf/0fsf] nflu 5'6\ofOPsf] z]o/ ljqmL ljt/0f u/L ;Sg'kg]{ 5 .
(= o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yf -s, v / u ju{_ x?n] b]xfo adf]lhdsf zt{ cGtu{t /xL
z]o/ lgIf]k -Share Deposit_ of]hgfx? ;+rfng ug{ ;Sg] .
-s_ ;'k/ z]o/ l8kf]lh6 of]hgf cGtu{t jrt ug]{ artstf{x¿n] pQm sDkgLsf] z]o/ vl/b ug{ -;+:yfks
;d"x_ rfx]sf] cj:yfdf a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# tyf o; a}+saf6 hf/L ePsf] PsLs[t
lgb]{zg tyf Ohfhtkq k|bfg ul/g] gLltdf pNn]v ePsf k|fjwfgx¿ cg';f/ ;+:yfks x'g tf]lsPsf]
of]Uotfx¿ k"/f ePsf] x'g'kg]{ .
-v_ ;'k/ z]o/ l8kf]lh6 of]hgf cGtu{t hDdf ePsf] lgIf]knfO{ ;fwf/0f z]o/df -;+:yfks ;d"x_ kl/jt{g ug{
rfxg] lgIf]kstf{x¿n] lwtf]kq sf/f]jf/ ;DaGwL k|rlnt P]gdf pNn]v ePsf Joj:yf Pj+ k|lqmofx¿
kfngf ug'{kg]{ / o;/L jrtstf{x¿nfO{ ;+:yfks ;d"xsf] z]o/ k|bfg ug]{ ;dodf a}+s tyf ljQLo
;+:yfn] g]kfn lwtf]kq af]8{af6 ;d]t clgjfo{ ?kdf :jLs[lt lnP/ dfq OR5's artstf{x?nfO{ ;+:yfks
z]o/ lbg'kg]{ .
-u_ pQm of]hgf cGtu{t ;xefuL eO{ ;+:yfks z]o/ vl/b ug{ rfxg] artstf{x¿nfO{ a}+s tyf ljQLo
;+:yf ;DaGwL P]g, @)^#, o; a}+sn] hf/L u/]sf gLltut Joj:yfx¿ tyf cGo k|rlnt P]g, sfg'gsf]
clwgdf /xL k|rlnt lwtf]kq ;DaGwL P]g, lgod, lgb]{lzsfsf] kfngf u/L cfjZos k|lqmof k"/f u/]/ dfq
;+:yfks ;d"xsf] z]o/ vl/b ug{ ;Sg] eGg] Joxf]/f ;fj{hlgs hfgsf/Lsf nflu k|sflzt x'g] ;fdu|L
;DaGwLt sDkgLsf] cfGtl/s gLlt÷lgoddf ;d]t :ki6;Fu pNn]v x'g'kg]{ .
!)= a}+s tyf ljQLo ;+:yfn] ;'/If0f g/flvPsf] ;xfos cfjlws C0fkq (Subordinated Term Debt) / e'QmfgL
of]Uo ckl/jt{gLo cu|flwsf/ z]o/ -Redeemable Non-Convertible Preference Share_ hf/L ubf{ o; ;DaGwL
ljBdfg Joj:yfnfO{ oyfjt sfod u/L lgDg zt{x?sf] cwLgdf /xg'kg]{ Joj:yf ul/Psf] 5 .
zt{x?M
-!_ s'g} klg ;'/If0f g/fvL lgisfzg ug{'kg{],
-@_ cjlw tf]s]sf] x'g'kg]{,
-#_ C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/df k|bfg ul/g] Jofh÷nfef+; e'QmfgL ug]{ cjlw, jflif{s Jofhb/
k|ltztdf tf]Sg'kg{], Jofhb/ kl/jt{g ug{ gkfOg] / cflh{t Jofh /sddf cfos/ P]g cg';f/ cfos/
nfUg]÷nufpg] Joj:yf ug{'kg{],
173
-$_ a}+s lj36g ePsf] cj:yfdf C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/sf] e'QmfgL lgIf]kstf{eGbf kl5
dfq x'g],
-%_ C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/ hf/L ePsf] ldltn] ^ dlxgf leqdf g]kfn lwtf]kq ljlgdo
ahf/df ;"lrs[t ug{'kg{],
-^_ C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/ lgisfzg ug'{ cl3 tof/ ul/g] ljj/0fkq o; a}+ssf] ;xdlt
lnP/ dfq k|sflzt ug{'kg{],
-&_ C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/sf] /sd e'QmfgL ug{ l;h{gf ul/g] C0fkq e'QmfgL sf]if
-Debt/Preferance Share Redemption Reserve_ sf] Joj:yf ug{ lgDgfg';f/ sf]if l;h{gf u/]sf] x'g'kg]{ .
-s_ lgZsf;g ul/Psf] cfly{s jif{ / e'QmfgL x'g] cfly{s jif{ To:tf] e'QmfgL sf]if -Redemption Reserve_ df s'g}
/sd ljlgof]hg gu/]klg x'g],
-v_ e'QmfgL cjlw afFsL /x];Dd To;kl5sf k|To]s jif{ aflif{s d'gfkmfaf6 sDtLdf ;dfg'kflts cfwf/df
-Proportionate Basis_ /sd 5'6\ofpg' kg]{,
-u_ v08 -v_ adf]lhd ;dfg'kflts cfwf/df 5'6\ofpg'kg]{ /sd eGbf a9L /sd 5'6\ofpg] ePdf s'g cfly{s
jif{df slt /sd 5'6\ofpg] xf] :ki6 pNn]v ug{'kg{] .
-*_ Private Placement sf] cfwf/df ljqmL ul/g] C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/sf] ;DaGwdf s'g}
;+3÷;+:yf;+u clu|d s'g} ;Demf}tf ePsf] eP ;f] ;Demf}tfsf] k|ltlnlk k]z ug{'kg{],
-(_ olb s'g} kIfn] ;f] kIfnfO{ 5'6\ofOPsf] C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/ vl/b gu/]df ;f] csf{]
kIfnfO{ ljqmL ug{] Joj:yf ug'{kg]{,
-!)_ C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/df cflh{t Jofh nufgLstf{x?nfO{ slxn] e'QmfgL ug]{ eGg]
ljifodf ljj/0fkqsf] æJofh÷nfef+; e'QmfgL ug]{ ;do -Interest/Preferred Dividend Payment Timing_Æ zLif{s
cGtu{t :ki6 pNn]v ug'{kg]{,
-!!_ C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/df cfj]bg ug{] k|To]s cfj]bsnfO{ lghn] cfj]bg u/]sf] /sddf
cfj]bg u/]sf] ldltb]lv afF8kmfF8 x'g] lbg;Ddsf] cjlwsf nflu k|rlnt ahf/sf] b/n] vl08t cjlwsf] Aofh
-Broken Period Interest_ k|bfg ug'{kg]{ / ;f] ljifodf ljj/0fkqdf :ki6 pNn]v ug'{kg]{,
-!@_ C0fkq÷e'QmfgLof]Uo ckl/jt{gLo cu|flwsf/ z]o/ e'QmfgL u/]kl5 æe'QmfgL sf]if -Redemption Reserve_Æ df s'g}
/sd afFsL /xg uPdf To:tf] /sdnfO{ ljz]if hu]8f -Special Reserve_ lx;fjdf ;fg'{kg]{ .
!!= a}+s tyf ljQLo ;+:yfn] ljQLo ;|f]t kl/rfng ubf{ cfkm\gf] s'n lgIf]k bfloTjsf] Ps ltxfO{eGbf a9L ;fk6L
/sd kl/rfng ug{ kfO{g] 5}g . t/ æ3Æ ju{sf] ljQLo ;+:yfnfO{ eg] o; adf]lhdsf] ;Ldf nfu" x'g] 5}g .
!@= Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?n] lgIf]k :jLsf/ ubf{sf] avtdf g} vftfx? aLdf x'g] Joj:yf ug]{ ePdf
ljldt vftfsf Ps} k|s[ltsf lgIf]kstf{x?sf aLrdf s'g} lje]b gx'g] tyf lgIf]kstf{nfO{ yk Jooef/ gkg]{ u/L
o:tf] of]hgf ;+rfng ug{;Sg] 5g\ . aLdfn]v -Insurance Policy_ df pNn]v ul/g] ;]jf, zt{ / ;'ljwfx?n] ljldt
lgIf]kstf{sf] lxtsf] ;+/If0f ug{sf nflu aLdf ;ldltaf6 :jLs[lt lnO{ aLdf ;DaGwL ;]jf, zt{, ;'ljwfx? /
Ifltk"lt{sf] cfwf/ nufotsf] hfgsf/L v'n]sf] kq lgIf]kstf{nfO{ lnlvt ?kdf pknAw u/fpg'kg]{ 5 .
!# lgIf]k ;+sng sfo{nfO{ cfsif{s agfpg pkxf/ ;DaGwL sfo{qmd ;~rfng ug{ gkfO{g] ;DaGwdf .
a}+s tyf ljQLo ;+:yfx?n] lr6\7fdf cfwfl/t s'g} klg k|sf/sf] lgIf]k pkxf/ sfo{qmd ;~rfng ug{ kfO{g] 5}g . t/
;DalGwt a}+s÷ljQLo ;+:yfn] tf]s]sf lglZrt dfkb08x? cGtu{t kg]{ ;Dk"0f{ lgIf]kstf{x?sf aLrdf s'g} lje]b
gu/L To:tf ;a} lgIf]kstf{x?n] lgIf]k /sdsf] cfwf/df ;dfg?kdf pkxf/ k|fKt ug]{u/L lgIf]k pkxf/ sfo{qmd
;~rfng ug{ eg] o; Joj:yfn] s'g} afwf k'¥ofPsf] dflgg] 5}g .
!$= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
• Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?nfO{ ldlt @)^@.#.@( df hf/L ul/Psf] PsLs[t lgb]{zg @)^@ sf]
Aofhb/ ;DaGwL O=k|f lgb]{zg g+= !^÷)^!÷^@ af6 hf/L ul/Psf] lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9
d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd eP
u/]sf] dflgg]5 .

174
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f=lgb]{zg g+= !&÷)^^


laifo:- ljkGg ju{df k|jfx ug'{kg]{ shf{ ;DaGwL Joj:yf .
o; a}+saf6 æsÆ, ævÆ / æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfn] ljkGg ju{df k|jfx ug'{kg]{ shf{x?sf] ;DaGwdf g]kfn
/fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
1. æsÆ ju{sf Ohfhtkqk|fKt ;+:yfn] cfˆgf] s'n afFsL shf{ ;fk6 -ljN; v/Lb tyf l8:sfp06;d]t_ sf]
Go"gtd # k|ltzt, ævÆ ju{sf Ohfhtkqk|fKt ;+:yfn] cfˆgf] s'n afFsL shf{ ;fk6 -ljN; v/Lb tyf
l8:sfp06;d]t_ sf] !=% k|ltzt / æuÆ ju{sf Ohfhtkqk|fKt ljQLo ;+:yfx?n] ! k|ltzt ljkGg ju{df shf{
k|jfx ug'{kg]{ 5 .
o; lgb]{zgsf] k|of]hgsf nflu æljkGg ju{Æ eGgfn] Go"g cfo ePsf / vf;u/L ;fdflhs ?kdf lk5l8Psf
dlxnf, hghflt, blnt ju{, cGwf, alx/f, zfl//Ls ?kn] ckfË JolQmx?, ;LdfGt tyf ;fgfls;fg, sflnu9,
dhb"/ / e"ldxLg kl/jf/nfO{ ;Demg' kb{5 . ljkGg ju{sf] cfly{s tyf ;fdflhs pTyfgsf] nflu ;~rfng
x'g] :j/f]huf/d"ns n3' pBdx? ;~rfng ug{ o; a}+såf/f tf]lsPsf] ;Ldf;Dd k|jfx x'g] n3' shf{nfO{
æljkGg ju{ shf{Æ elgPsf] 5 .
2. o; a}+saf6 æsÆ, ævÆ / æuÆ ju{sf] ljQLo sf/f]af/ ug{ Ohfhtkqk|fKt ;+:yf tyf gofF vf]lng] jf :t/f]GgtL
eO{ sf/f]af/ ;~rfng u/]sf] ! jif{kl5sf] q}dfl;s cjlwdf ^ dlxgf cl3sf] s"n afFsL shf{ ;fk6sf] cfwf/df
ljkGg ju{df clgjfo{ ?kn] shf{ k|jfx ug'{kg]{ 5 .
3. Ohfhtkqk|fKt æsÆ, ævÆ / æuÆ ju{sf a}+s÷ljQLo ;+:yfn] lgDg cg';f/ k|ToIf ?kdf k|jfx u/]sf] shf{nfO{
ljkGg ju{df k|jfx ePsf] shf{df u0fgf ul/g]5 .
-s_ ljkGg jf Go"g cfo ePsf JolQmnfO{ n3' Joj;fo ;~rfng ug{ k|lt;d"x ;b:o÷JolQmnfO{ ;fd"lxs÷
JolQmut hdfgtdf k|bfg u/]sf] a9Ldf ;f7L xhf/ ?k}ofF;Ddsf] n3' shf{ .
-v_ gjLs/0fLo phf{ k|ljlw cGtu{t krf; lsnf]jf6;Ddsf] n3' hnljB't kl/of]hgf -Micro Hydropower
Project_, 3/]n' ;f}o{ ljB't k|0ffnL -Solar Home System_, ;f}o{ r'nf] -Solar Cooker_, ;f}o{ 8f«o/ -Solar
Dryer_, ;f}o{ ljB't kDk -Solar Pump_, afof]UofF; -Biogas_, ;'wfl/Psf] kfgL 36\6 -Improved Water Mill_,
;'wfl/Psf] r'nf] -Improved Cook Stoves_ / jfo' phf{ -Wind Energy_ k|of]hgdf k|ltkl/jf/ ;f7L xhf/
?k}ofFdf gj9\g] u/L k|jfx u/]sf] shf{ .
-u_ ljkGg jf Go"g cfo ePsf JolQmnfO{ n3' pBd ;+rfng ug{sf] nflu :jLsf/of]Uo lwtf]÷;fd"lxs
hdfgLdf ;d"x ;b:onfO{ qmdzM j[l4 u/L k|lt Joj;fo Psnfv krf; xhf/ ?k}ofFdf gj9\g] u/L
pknJw u/fPsf] n3' pBd shf{ .
-3_ j}b]lzs /f]huf/df hfg] JolQmx?nfO{ /f]huf/bftf /fi6«sf /f]huf/bftf sDkgLx?af6 /f]huf/L tyf
ls:tfaGbLdf C0f c;'nL ul/lbg] ;DaGwL cfZjf;g kq (Assurance Letter) k]z ug{;Sg] Dofgkfj/
sDkgL / /f]huf/Ldf hfg] JolQm jLr lqkIfLo C0f ;Demf}tf u/L pknAw u/fPsf] k|ltJolQm ?= Psnfv
krf; xhf/;Ddsf] shf{ .
-ª_ j}b]lzs /f]huf/df hfg] JolQmx?nfO{ lwtf] lnO{ jf glnO{ pknAw u/fPsf] k|ltJolQm ?= Psnfv krf;
xhf/;Ddsf] shf{ .
-r_ g]kfn ;/sf/sf] o'jf :j/f]huf/ tyf /f]huf/ k|lzIf0f sfo{qmd cGtu{t j}b]lzs /f]huf/df hfg]
sfdbf/nfO{ g]kfn ;/sf/n] tf]s]sf] a}+ssf] ;dGjodf s'g} klg æsÆ ju{sf Ohfhtkqk|fKt ;+:yfn] k|bfg
u/]sf] j}b]lzs /f]huf/ shf{ .
4. æsÆ, ævÆ / æuÆ ju{sf Ohfhtkqk|fKt ;+:yfx?af6 lgDg cg';f/ ck|ToIf ?kdf k|jfx ePsf] shf{nfO{ ljkGg
ju{df k|jfx ePsf] shf{df u0fgf ul/g] 5 .
-s_ ljkGg ju{df shf{ k|jfx ug]{ zt{df o; a}+saf6 æ3Æ ju{sf] Ohfhtkqk|fKt ;+:yfx? tyf ljQLo
dWo:ytfsf] sfd ug]{ ;+:yf ;DaGwL k|rlnt sfg'g adf]lhd n3' ljQ ;DaGwL sfo{ ug{ :yfkgf ePsf
;+:yfx?nfO{ ;+:yfut Ifdtf tyf ;+:yfut hdfgLdf k|jfx u/]sf] yf]s shf{ .
175
-v_ ul/jLsf] /]vfd'lg /x]sf, ljkGg jf Go"g cfo ePsf hgtfsf] cfo tyf /f]huf/ a9fpg o; a}+saf6
Ohfhtkqk|fKt ;xsf/L ;+:yf tyf æsÆ, ævÆ / æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfn] d"Nof+sg u/L of]Uo
7fg]sf u|fdL0f If]qdf :yfkgf eO{ sfo{/t ;xsf/L ;+:yfx?nfO{ a'Fbf -s_ adf]lhd ljkGg ju{df nufgL ug]{
u/L yf]s shf{ pknAw u/fpg ;Sg] / o;/L pknAw u/fPsf] shf{ ljkGg ju{df nufgL eP gePsf]
;DaGwdf ;DalGwt a}+s÷ljQLo ;+:yfaf6 g} cg'udg u/L ^÷^ dlxgfdf ;f]sf] ljj/0f o; a}+sdf
k7fpg'kg]{ .
-u_ ;fgf ls;fg ;xsf/L ;+:yf Pj+ n3' ljQ sf/f]jf/ ug]{ ;+:yfx?nfO{ yf]s shf{ k|jfx ug]{ p2]Zon] :yfkgf
ePsf æ3Æ ju{sf n3'ljQ ljsf; a}+snfO{ k|jfx ul/Psf] yf]s shf{ .
-3_ o; a}+saf6 Ohfhtkqk|fKt ljQLo ;+:yfx?n] æsÆ, ævÆ / æuÆ ju{sf Ohfhtkqk|fKt a}+saf6 shf{ lnO{
j}b]lzs /f]huf/df hfg] sfdbf/nfO{ k|jfx u/]sf] ?= Ps nfv krf;xhf/ ;Ddsf] shf{ . pk/f]Qm shf{
;DalGwt æsÆ, ævÆ / æuÆ ju{sf Ohfhtkqk|fKt a}+ssf] ljkGg ju{ shf{ nufgLdf dfq u0fgf ul/g] 5 .
;fy}, a}+s tyf ljsf; a}+sx?n] ljkGg ju{ shf{df u0fgf ug]{ k|of]hgsf nflu pknAw u/fPsf] yf]s
shf{ k|fKt ug]{ ;+:yfaf6 k|To]s ^÷^ dlxgfdf shf{sf] k|of]u ljkGg ju{df g} eP÷gePsf] ;DaGwdf k|ult
ljj/0f lng'kg]{ tyf o; a}+ssf] lg/LIf0fsf] qmddf To;/L pknJw u/fO{Psf] yf]s shf{ b'?kof]u ePsf]
kfOPdf b'?kof]u ePsf] shf{ a/fa/sf] /sd ljkGg ju{df u0fgf ul/g] 5}g .
5. o; a}+saf6 Ohfhtkqk|fKt -æsÆ, ævÆ / æuÆ ju{sf_ a}+s tyf ljQLo ;+:yfn] æ3Æ ju{sf] ljQLo ;+:yfdf
u/]sf] ;+:yfks z]o/ k'FhL nufgLnfO{ ;d]t ck|ToIf ?kdf ljkGg ju{df k|jfx ul/Psf] shf{ ;/x u0fgf ul/g]
5.
6. æsÆ ju{sf Ohfhtkqk|fKt a}+sx?af6 ljkGg ju{ shf{ cGt/ut n3' ljQ ;DaGwL sf/f]jf/ ug]{ ljsf;
a}+sx?n] cf=j= )^#÷^$ ;Dddf k|fKt u/]sf] shf{ /sddWo] klxnf] jif{ cyf{t\ cf=j= )^#÷^$ df Go"gtd !)
k|ltzt, bf];|f] jif{ cyf{t\ cf=j= )^$÷^% df Go"gtd $) k|ltzt, t];|f] jif{ cyf{t\ cf=j= )^%÷^^ df Go"gtd
^) k|ltzt, rf}yf] jif{ cyf{t\ cf=j= )^^÷^& df Go"gtd &) k|ltzt / kfFrf}+ jif{ cyf{t\ cf=j= )^&÷^* b]lv
ztk|ltzt ljkGg ju{df clgjfo{?kdf shf{ k|jfx ug'{kg]{ / ;f] cg'?k nufgL gug]{ n3' ljQ ;DaGwL sf/f]jf/
ug]{ ljsf; a}+sx?nfO{ jfl0fHo a}+sx?af6 k|jfx x'g] To:tf] s'n yf]s shf{ ljkGg ju{ shf{df u0fgf x'g] 5}g .
7. ljkGg ju{df k|jfx ul/Psf] shf{ u0fgf ubf{ ^ dlxgf cl3sf] s"n afFsL shf{ ;fk6 -laN; v/Lb tyf
l8:sfp06 ;lxt_ sf] cfwf/df k|To]s q}df;df cyf{t cflZjg, kf}if, r}q / cfiff9d;fGtdf ul/g] 5 .
8. o; a}+saf6 Ohfhtkqk|fKt jfl0fHo a}+s -æsÆ ju{_, ljsf; a}+s -ævÆ ju{_ / ljQ sDkgL -æuÆ ju{_ af6
k|ToIf ?kdf lgDg zt{x?sf] cwLgdf /xL c:ktfnnfO{ k|jfx x'g] shf{nfO{ ljkGg ju{ shf{df u0fgf ul/g]5 .
-s_ d'gfkmf ljt/0f gug]{ sDkgLsf] ?kdf To:tf] c:ktfn ;DalGwt lgsfodf btf{ ePsf] x'g'kg]{ .
-v_ ;DalGwt a}+s÷ljQLo ;+:yfn] o; k|of]hgsf nflu cfˆgf] k|fylds k'FhL -Core Capital_ sf] a9Ldf %
k|ltzt ;Ddsf] shf{ /sd dfq k|jfx ug{ ;Sg] .
-u_ ;DalGwt c:ktfnn] g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 ;+rfng :jLs[lt k|bfg ul/+bf tf]lsPsf ;Dk"0f{
zt{x?sf] k"0f{ kfngf u/]sf] x'g'kg]{ .
-3_ ;DalGwt c:ktfnn] cfˆgf] s"n z}of Ifdtfsf] Go"gtd !) k|ltzt z}of lgMz'Ns ?kdf ljkGg ju{sf
hgtfx?nfO{ pknAw u/fpg] u/L cfjZos Joj:yf ldnfPsf] x'g'kg]{ .
-ª_ dfly v08 -s_ b]lv -3_ ;Dd pNn]lvt zt{x? k"/f ePsf] osLg u/]/ dfq ;DalGwt a}+s tyf ljQLo
;+:yfn] shf{ k|jfx u/]sf] x'g'kg]{ .
9. Go"g nfut cfjf; -Low Cost Housing_ shf{nfO{ ljkGg ju{df u0fgf ug]{ ;DaGwdf
a}+s tyf ljQLo ;+:yfx?af6 ljkGg ju{df u0fgf x'g of]Uo JolQmx?sf nflu dfq 3/hUuf vl/b tyf 3/
lgdf{0f shf{sf] cfjZostf k"/f ug]{ p2]Zon] b]xfo cg';f/sf] zt{sf] clwgdf /xL k|bfg ePsf] shf{nfO{ ;d]t
ljkGg ju{sf] shf{df u0fgf ul/g] 5 .
-s_ ;'/lIft lwtf] lnO{ ;fd'lxs jf JolQmut cfwf/df k|ToIf jf ck|ToIf ?kdf k|bfg x'g] ?= $
nfv;Ddsf] shf{ .
-v_ ;DalGwt a}+s tyf ljQLo ;+:yfsf] cfkm\gf] shf{ gLltdf o;/L ljkGg ju{nfO{ 3/hUuf vl/b tyf
3/ lgdf{0f shf{ k|bfg ug]{ ;DaGwdf :ki6 ?kdf pNn]v u/]sf] x'g'kg]{ .
-u_ o:tf] shf{ k|bfg ubf{ k|rlnt P]g, sfg'g tyf o; a}+ssf] gLlt lgb]{zg adf]lhdsf] ;Dk"0f{ k|s[of
k'/f u/]sf] x'g'kg]{ .
176
-3_ ljkGg ju{ eGgfn] dfly a'Fbf g+= ! df pNn]lvt kl/efiff cg';f/ Go"g cfo ePsf / vf;u/L
;fdflhs ?kdf lk5l8Psf dlxnf, hghflt, blnt ju{, cGwf, alx/f, zf/Ll/s ?kn] ckfË JolQmx?,
;LdfGt tyf ;fgf ls;fg, sflnu9, dhb"/ / e"ldxLg kl/jf/nfO{ ;Demg' kg]{ .
10. n3'shf{ -Microcredit_ ;DaGwdf .
æ3Æ ju{sf n3'ljQ ljsf; a}+sx?n] ;d"xdf cfj4 gePsf OR5's JolQmx?nfO{ klg kof{Kt lwtf] lnO{ a9Ldf
?=^),))) -;f7L xhf/_ ;Ddsf] n3'shf{ k|bfg ug{ ;Sg]5g .
11. o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]if ;DaGwdf .
!= a}+s tyf ljQLo ;+:yfn] ljkGg ju{df k|jfx ug'{kg]{ # k|ltzt -æsÆ ju{_, !=% k|ltzt -ævÆ ju{_ / !
k|ltzt -æuÆ ju{_ /sd obL ljkGg ju{df k|jfx ul/;s]sf] eP klxnf] aif{sf] xsdf ljkGg ju{df k|jfx
ug'{kg]{ s"n /sdsf] Ps ltxfO{sf] )=@%, @)^^ a}zfv d;fGtleqÙ )=%), @)^^ cfiff9 d;fGtleqÙ )=&%,
@)^^ cflZjg d;fGtleq / afFsL x'g cfpg] /sd @)^^ kf}if d;fGtleq g]kfn ;/sf/, cy{ dGqfno,
o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]if -o;kl5 sf]if elgPsf]_ sf] gfddf cfˆg} ;+:yfdf vf]lnPsf]
vftfdf hDdf ug'{kg]{ 5 . a}+s tyf ljQLo ;+:yfn] pk/f]St pNn]lvt /sdeGbf a9L /sd pSt vftfdf
hDdf ug{ o; Joj:yfn] afwf k'u]sf] dflgg] 5}g . sf]ifdf hDdf ePsf] /sd ;DalGwt a}+s tyf ljQLo
;+:yfn] sf]ifnfO{ k|jfx ul/Psf] shf{ dflgg]5 / o;/L hDdf ul/Psf] /sdnfO{ ljkGg ju{df u0fgf ul/g]
5.
@= a}+s÷ljQLo ;+:yfn] a'Fbf g+= ! cg';f/ k|jfx u/]sf] shf{ h'g;'s} cj:yfdf shf{÷;fk6sf] juL{s/0f /
shf{ gf]S;fgL Joj:yfsf] k|of]hgsf] nflu c;n shf{df ;dfj]z ul/g]5 . o;}u/L a}+sn] o:tf shf{ kF"hL
kof{Kttf (Capital Adequacy) BASEL II cGtu{t Claims on Government zLif{sdf /fVg ;Sg] / ævÆ /
æuÆ ju{sf ljQLo ;+:yfn] o:tf shf{df z'Go hf]lvd ef/ k|bfg ug{;Sg] 5 .
#= vftf vf]Ng], vftf ;+rfng ug]{ / shf{ ;D´f}tfdf x:tfIf/ ug]{ clVtof/L ;lxtsf] sfuhft lnO{ æo'jf
tyf ;fgf Joj;foL :j/f]huf/ sf]ifÆ sf] gfddf a}+s tyf ljQLo ;+:yfn] vftf vf]Ng'kg]{ 5 .
$= a}+s tyf ljQLo ;+:yfaf6 sf]ifnfO{ k|jfx ul/Psf] a'Fbf g+= ! sf] /sd r'Stf ug]{ bfloTj sf]ifsf] x'g]5 .
%= sf]if / a}+s tyf ljQLo ;+:yf larsf] ;D´f}tf cg';"rL ! df pNn]v eP adf]lhd ug'{kg]{ 5 . o;
k|of]hgsf] nflu pSt ;Demf}tf afx]s cGo s'g} sfuhft cfjZoskg]{ 5}g .
^= a}+s tyf ljQLo ;+:yfn] o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]if -;+rfng_ lgodfjnL, @)^% cGtu{t
o'jf tyf ;fgf Joj;foLx?nfO{ kl/of]hgf dfq lwtf] lnO{ b'O{ nfv;Ddsf] shf{ nufgL u/]df To:tf]
shf{nfO{ ljkGg ju{df u0fgf ul/g]5 . t/, a'Fbf g+= ! df pNn]v ePsf] hDdf ug'{kg]{ /sddf s§f ug{
kfO{g] 5}g . o:tf] shf{ k|jfx ubf{ b]xfo adf]lhdsf Joj:yfx? nfu" x'g]5g\ M
s= Joj;fosf] p2]Zo cg';f/ shf{ cjwL a9Ldf kfFr aif{;Ddsf]] x'g]5 / a}+s tyf ljQLo ;+:yfsf]
lgodfg';f/ tf]s]sf] ls:tfdf a'´fpg' kg]{ u/L ;DalGwt a}+s tyf ljQLo ;+:yfn] ls:tf tf]Sg]5 /
;fFjf Jofh e'StfgL 5'6 cjlw (Grace Period) sf]ifn] tf]s] cg';f/ x'g]5 .
v= ;DalGwt JolStn] ug]{ :j/f]huf/d"ns Joj;fo;Fu ;DalGwt rn crn ;DklQ g} ;Dk"0f{ ;fFjf
Jofh e'Stfg gx'Gh]n;Dd a}+s tyf ljQLo ;+:yfn] k|bfg u/]sf] shf{sf] lwtf] x'g]5 .
u= shf{ :jLs[t ug]{ jf gug]{ ;Dk"0f{ clwsf/ a}+s tyf ljQLo ;+:yfdf gLlxt /xg]5 .
3= pk/f]St adf]lhd shf{sf] hf]lvd tyf C0f c;'npk/ ug'{kg]{ bfloTj ;DalGwt a}+s tyf ljQLo
;+:yfdf /xg]5 .
&= a}+s tyf ljQLo ;+:yfn] a'Fbf g+= ^ adf]lhdsf] shf{ k|bfg ug{ o'jf tyf ;fgf Joj;foL :j/f]huf/
sf]ifaf6 aflif{s & k|ltzt Jofhdf k'g/shf{ lng;Sg] 5 .
*= sf]ifsf] ;+rfng o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]if -;+rfng_ lgodfjnL, @)^%, shf{ tyf jLdf
Joj:yf ;DaGwL lgb]{lzsf, @)^% / o; a}+saf6 hf/L o;} lgb]{zgdf pNn]v eP adf]lhd x'g]5 .
12. Ohfhtkqk|fKt æuÆ ju{sf ljQLo ;+:Yffx?n] ljkGg ju{df clgjfo{?kn] k|jfx ug'{kg]{ shf{ @)^% kf}ifd;fGtdf
sfod /x]sf] cfˆgf] s'n afFsL shf{ ;fk6 -laN; v/Lb tyf l8:sfp06 ;lxt_ sf] cfwf/df @)^^
cfiff9d;fGtdf u0fgf ug]{ Joj:yf ul/Psf]] 5 .
13. ljkGg ju{df k|jflxt shf{ ;DaGwL g]=/f= a}+s lgb]{zg kmf/fd g+= (=% cg';f/sf] q}dfl;s ljj/0f o; a}+ssf]
;DalGwt ;'kl/j]If0f ljefudf q}df; ;dfKt ePsf] ldltn] !% lbg leq k]z ug'{kg]{ 5 .
14. ;DalGwt O{hfhtkq k|fKt ;+:yfn] ljkGg ju{df k|jfx ul/g] shf{ ;DaGwL gLltut Pj+ k|s[ofut Joj:yfnfO{
cfˆgf] shf{ gLltdf :ki6 ?kdf pNn]v ug'{kg]{ 5 .

177
15. cGo lgb]{zgdf h'g;'s} s'/f n]lvPsf] ePtfklg ;fd"lxs÷JolQmut÷;+:yfut hdfgLdf k|ToIf jf ck|ToIf
?kdf ljkGg ju{df u0fgf x'g] u/L k|jfx ul/Psf] shf{sf] nflu cltl/Qm aL; k|ltzt yk shf{ gf]S;fgL
Joj:yf ug'{kg]{ 5}g .
16. æsÆ, ævÆ / æuÆ ju{sf] Ohfhtkqk|fKt ;+:yfn] ljkGg ju{df k|jfx ug'{kg]{ shf{ ;DjGwL lgb]{zg adf]lhdsf]
shf{ k|jfx gu/]df jf sd k|jfx u/]df To;/L k|jfx gu/]sf] jf sd k|jfx u/]sf] /sddf g]kfn /fi6« a}+s P]g,
@)%* sf] bkmf *! adf]lhd ;DalGwt Ohfhtkqk|fKt ;+:yfn] ;f] u0fgf cjlwdf shf{df lng] clwstd
Jofhb/n] x'g] /sd xhf{gf nufOg] 5 .
17. vf/]hL / arfp
-!_ o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?nfO{ hf/L ul/Psf b]xfodf lgb]{zgx?nfO{ vf/]h
ul/Psf] 5 .
• o; a}+saf6 Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?nfO{ ldlt @)^$÷$÷!) df ljkGg ju{df shf{ k|jfx
ug'{kg]{ ;DaGwdf hf/L ul/Psf] O=k|f lgb]{zg g+= !&÷)^$÷^% lgb]{zg tyf ;f] kZrft ldlt @)^^ cfiff9
d;fGt;Dd hf/L ePsf o;} ljifo;+u ;DjlGwt ;Dk"0f{ kl/kqx? .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd eP
u/]sf] dflgg]5 .

178
cg';"rL !
a}+s÷ljQLo ;+:yf tyf sf]if lar x'g] ;Demf}tf

o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]if -;+rfng_ lgodfjnL, @)^% adf]lhd :yflkt cy{ dGqfnosf] o'jf tyf
;fgf Joj;foL :j/f]huf/ sf]ifsf tkm{af6 ldlt ============== sf] clVtof/ k|fKt ============= >L ========================= -
o;kl5 sf]if elgPsf]_ / a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# adf]lhd :yflkt ======lhNnf===== g=kf= j8f g+=
===== l:yt ========================= sf tkm{af6 clVtof/ k|fKt ================>L ================ -o;kl5 a}+s÷ljQLo ;+:yf
elgPsf]_ sf lar tkl;nsf zt{x?sf clwgdf /xL b'a} kIfsf] dgf]dfg /fhLv'zLn] tkl;nsf ;fIfLx?sf /f]xj/df
sf]ifsf] sfof{nodf a;L of] ;Demf}tf ul/Psf] 5 .
tkl;n
!= a}+s÷ljQLo ;+:yfn] g]kfn /fi6« a}+s, a}+s tyf ljQLo ;+:yf lgodg ljefusf] kq ;+Vof a}=lj=lg=lj=
÷gLlt÷kl/kq÷========÷)^%÷^^ sf] kl/kqsf] a'Fbf g+= ! tyf ;f]df ;do ;dodf x'g] ;+zf]wg cg';f/ sf]ifdf /sd
hDdf ug]{5 . sf]ifdf hDdf ePsf] /sd ;DalGwt a}+s÷ljQLo ;+:yfn] sf]ifnfO{ k|jfx ul/Psf] shf{ dflgg]5 .
a}+s÷ljQLo ;+:yfn] sf]ifdf x/]s q}df;df hDdf u/]sf] /sd / s'n shf{ jSof}tf /sd v'nfO{ sf]ifnfO{ lnlvt hfgsf/L
lbg]5 . o;/L hfgsf/L lbPsf] & lbgleq a}+s÷ljQLo ;+:yfn] sf]ifaf6 s'g} cGoyf Joxf]/fsf] lnlvt ;"rgf k|fKt
gu/]df pk/f]St adf]lhd hfgsf/L u/fOPsf] /sd g} sf]ifn] a}+s÷ljQLo ;+:yfaf6 lnPsf] shf{ /sd dflgg]5 .
@= a'Fbf g+= ! adf]lhd k|jfx ul/Psf] shf{ jfkt sf]ifn] a}+s÷ljQLo ;+:yfnfO{ q}dfl;s ?kdf e'Qmfg ug]{ u/L jflif{s %
k|ltzt Jofh lbg]5 . sf]ifn] k|bfg ug]{ k'g/shf{df & k|ltzt Jofhb/ a}+s÷ljQLo ;+:yfn] q}dfl;s ?kdf sf]ifnfO{
e'Stfg ug'{kg]{ 5 . o:tf] Jofhb/, ahf/b/ / d'b|f:kmLltnfO{ dWogh/ /fvL b'j} kIfsf] lnlvt ;xdltdf ;do ;dodf
k'g/fjnf]sg ul/g]5 .
#= sf]ifn] lnPsf] shf{ / a}+s tyf ljQLo ;+:yfx?n]] sf]if;+u lnPsf] k'g/shf{df nfUg] Jofh ltg]{ bfloTj sf]ifsf] /
a}+s÷ljQLo ;+:yfx? b'j}sf] /xg]5 . lnPsf] shf{sf] a'´fpg'kg]{ Jofh /sd sf]ifn] / a}+s÷ljQLo ;+:yfn] q}dfl;s
?kdf cfiff9, cflZjg, kf}if / r}q d;fGtdf glt/]df ;Dk"0f{ ;fFjf tyf Jofh e'Stfg ug{ sf]if / a}+s÷ljQLo ;+:yf b'j}
kIfn] ;"lrt ug{ ;Sg]5 . ;f] cg';f/ ;"rgf kfPdf & -;ft_ lbgleq sf]if jf a}+s÷ljQLo ;+:yfx?n] ;Dk"0f{ ;fFjf
Jofh e'Stfg ug]{5 .
$= a'Fbf g+= # adf]lhd ;fFjf /÷jf Jofh e'Stfg gu/]df e'StfgL ug'{kg]{ ldltb]lv e'StfgL x'g] ldlt;Ddsf] cjlwsf] nflu
jflif{s !) k|ltzt / @ k|ltzt k]gfn Jofh ;lxt ;fFjf /÷jf Jofh sf]if jf a}+s÷ljQLo ;+:yfn] e'Stfg ug]{5 .
%= o; ;Demf}tfsf] cjlw cfhsf] ldltb]lv nfu" eO{ k|jfx u/]sf] shf{ r'Qmf geP;Ddsf] cjlwsf] nflu nfu" x'g]5 .
^= s'g} klg ;dodf sf]ifn] a}+s÷ljQLo ;+:yfnfO{ sDtLdf !% lbgsf] k"j{ ;"rgf lbO{ afFsL ;Dk"0f{ ;fFjf Jofh a}+s÷ljQLo
;+:yfnfO{ lt/L a'emfO{ ;D´f}tf ;dfKt ug{ ;Sg]5 .
&= ;Demf}tf cjlwe/ s'g} klg avt sf]if la36g ePdf cljnDa sf]ifn] ltg'{÷a'emfpg'kg]{ ;Dk"0f{ ;fFjf Jofh /sd sf]ifn]
a}+s÷ljQLo ;+:yfnfO{ ltg{÷a'emfpg kg]{5 .
*= b'a} kIfsf] lnlvt ;xdltdf o; ;Demf}tfdf pNn]lvt zt{x? ;+zf]wg, km]/jbn jf yk36 ug{ ;lsg]5 .
(= a}+s÷ljQLo ;+:yfn] lgoldt shf{ c;'n ePsf] cj:yfdf l;w} ;x'lnot b/df nfUg] Jofhsf] ^) k|ltzt /sd 36fO{
u0fgf u/L lng]5 . Jofh lgoldt gePsf] v08df o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]if -;+rfng_ lgodfjnL,
@)^% adf]lhd c;'npk/ ug]{5 .
o'jf tyf ;fgf Joj;foL :j/f]huf/ sf]ifsf a}+s÷ljQLo ;+:yfsf tkm{af6
clVtof/ k|fKt clVtof/ k|fKt
gfd gfd
kb kb
x:tfIf/ x:tfIf/
5fk 5fk
ldlt ldlt
;fIfL ;fIfL
================================= ================================

Olt ;Dat\ @)^===;fn ======= dlxgf ====== ut] /f]h ===== z'ed\ =======================================

179
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f=lgb]{zg g+= !*÷)^^


laifo:- ufEg]÷ufleg] / :t/f]Gglt x'g] ;DaGwdf .

a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# adf]lhd tNnf] ju{sf] Ohfhtkqk|fKt ljQLo ;+:yf dflyNnf] ju{df
kl/0ft x'gsf] nflu jf b'O{ jf b'O{ eGbf a9L Ohfhtkqk|fKt ;+:yf Ps cfk;df ufEg÷ufleg jf o;/L ufleO{
;s]kl5 :t/f]Gglt x'g o; a}+sdf lgj]bg lbg] Ohfhtkqk|fKt ;+:yfx?sf] xsdf lgDgfg';f/sf] Joj:yf sfod ul/Psf]
x'Fbf ;f]xL adf]lhd ug'{÷u/fpg' x'g g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n] lbPsf] clwsf/ k|of]u u/L of] lgb]{zg
hf/L ul/Psf] 5 .
!= :t/f]Gglt x'g] ;DaGwdf
-s_ a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf #^ adf]lhd o; a}+saf6 ævÆ / æuÆ ju{sf]
Ohfhtk|fKt ljQLo ;+:yfaf6 dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'gsf] nflu lgDgfg';f/
ug{'kg]{ 5 .
-!_ a}+s tyf ljQLo ;+:Yff ;DjGwL P]g, @)^# sf] bkmf #^ -!_ adf]lhd b]xfosf] cj:yf k"/f u/]sf]
tNnf] ju{sf] Ohfhtkqk|fKt ;+:yfn] dfq dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'g]
;DaGwdf ;}4flGts ;xdtLkqsf] nflu tf]lsPsf sfuhft tyf ljj/0f;lxt o; a}+s ;dIf lgj]bg
lbg ;Sg] .
-s_ dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfsf nflu o; a}+sn] tf]s]sf] k'FhL ePsf],
-v_ ljut kfFr jif{b]lv nuftf/ gfkmf ug{ ;Ifd ePsf],
-u_ s'n lgis[o sh{f (Non performing loan) o; a}+sn] tf]s]sf] ;Ldfleq /x]sf],
-3_ o; a}+sn] tf]s]sf] ;a} zt{x? k"/f u/]sf] .
-@_ dfly a+'bf g+= -!_ cg';f/ dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'g ;}4flGts ;xdtLkqsf]
nflu lgj]bg lb+bf b]xfo jdf]lhdsf sfuhft tyf ljj/0fx? ;dfj]z ug{'kg]{ M
• tf]lsPsf] 9fFrfdf lgj]bg -cg';"rL ! jdf]lhd_
• dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'g cufj} cfjZos kg]{ Go"gtd r'Qmf k'FhL k"/f
ug]{ k|lta4tf .
• dflyNnf] ju{df kl/0ft x'g] ;DjGwdf ;DjlGwt ;+:yfsf] jflif{s ;fwf/0f ;efn] u/]sf] lg0f{osf]
k|ltlnlk .
• dflyNnf] ju{df kl/0ft x'g] k|:tfljt Ohfhtkqk|fKt ;+:yfsf] sDtLdf cfufdL % jif{sf]
Joj;flos of]hgf tyf k|If]k0f (Business Plan and Projection) .
• ;+:yfksx?sf] JolQmut ljj/0f -tf]lsPsf] 9fFrfdf cg';"rL –# / cg';"rL –$_
• kl5Nnf] cfly{s jif{sf] ;+:yfksx? / ;DjlGwt ;+:yfn] s/ r'Qmf u/]sf] k|df0fkq .
• ;+:yfksx?n] a}+s tyf ljQLo ;+:Yffx?af6 C0f lnO{ efvf ggf3]sf] jf shf{ ;"rgf s]Gb| ln=
sf] sfnf];"rLdf ;dfj]z gePsf] Joxf]/f pNn]v ePsf] :jM3f]if0ff kq . ;fy}, ;DjlGwt ;+:yfaf6
;+:yfksx?n] shf{ glnPsf] :jM3f]if0ff kq .
• jt{dfg z]o/ k'FhL ;+/rgf / :jfldTj -;+:yfks ;d"x / ;j{;fwf/0f_ ljj/0f .
• ;+:yfksx?n] hf/L k'FhLsf] !% k|ltzteGbf a9L z]o/ glnPsf] / dfu u/]sf] z]o/ k'FhL e'QmfgL
u/]]sf] ljj/0f .
• dflyNnf] ju{df kl/0ft x'Fbf sfod x'g cfpg] k|To]s ;+:yfks÷;+:yfks ;d"xsf z]o/wgLx?sf]
JolQmut z]o/ k'FhLsf] ;+/rgf .

180
• tf]lsPsf] r'Stf k'FhL k'¥ofO{ o; a}+s ;dIf lgj]bg lb+bfsf jvt ;+:yfsf] s"n shf{sf] %
k|ltzt eGbf sd lgis[o shf{ /x]sf] .
• ;+:yf ;+:yfkgf ubf{ vr{ ePsf] k"j{ ;~rfng vr{ k"0f{ ?kdf ckn]vg ePsf] k|dfl0ft x'g]
sfuhft .
• ;+:yf kl5Nnf] % jif{b]lv d'gfkmfdf ;~rfng e}/x]sf] k|dfl0ft x'g] n]vfk/LIf0f ePsf] ljQLo
ljj/0f .
-#_ a+'bf g+= -@_ cg';f/ k]z x'g cfPsf sfuhft tyf ljj/0fx? dfly o; a}+sn] cfjZos hfFrj'em
tyf 5fgljg u/L a}+s tyf ljQLo ;+:yf ;DjGwL P]gsf] bkmf #^ tyf a}+s÷ljQLo ;+:yf ;+:yfkgf
Pj+ ljQLo sf/f]jf/ ug{] Ohfhtkq ;DjGwL gLltut Pj+ k|s[ofut Aoj:yf @)^# jdf]lhd Fit &
Proper Test dfkg u/L dflyNnf] ju{sf] ljQLo sf/f]jf/ ug]{ cg'dlt k|bfg ug]{ k|s[ofut Joj:yf
cjnDag ul/g] / dflyNnf] ju{sf] ljQLo sf/f]jf/ ug{ rfxg] ;DalGwt ljQLo ;+:yfx?nfO{
plNnlvt Joxf]/f hfgsf/L u/fO{g] 5 . o;/L hfgsf/L pknAw u/fp+bf b]xfo jd]flhdsf zt{x?
/fvL cfjZos k|s[of k"/f u/L ^ dlxgfleq ljQLo sf/f]jf/ ;+rfngsf] nflu lgj]bg lbg'kg]{ Joj:yf
sfod u/L ;}4flGts ;xdlt k|bfg ul/g] 5 .
-s_ ljQLo sf/f]jf/ ;+Rffngsf] nflu o; a}sn] tf]s]sf] 9fFrfdf -cg';"rL @ adf]lhd_ dflyNnf]
ju{df kl/0ft x'g] a}+s÷ljQLo ;+:yfn]] hf/L k'FhLsf] )=)@ k|ltztn] x'g] /sd o; a}ssf]
gf=gf]=cf=lx=km'6s/ zLif{sdf hDdf u/]sf] ;Ssn ef}r/ ;lxtsf] lgj]bg .
-v_ o; a}+sn] tf]s]sf] Go"gtd r'Qmf k'FhL k'u]sf] Joxf]/f o; a}+ssf] ;"rLs[t n]vfk/LIfsaf6
k|dfl0ft ePsf] ljj/0f .
-u_ gofF ;+:yfsf] sfo{ ;dfj]z u/L sDkgL /lhi6«f/sf] sfof{noaf6 k|dfl0ft kl/dflh{t
k|jGwkq / lgodfjnLsf] k|ltlnlk .
-3_ kl/dflh{t shf{ gLlt, cfly{s k|zf;g ljlgodfjnL, sd{rf/L k|zf;g ljlgodfjnL / shf{
ckn]vg ljlgodfjnL .
-ª_ gofF ;+:yfsf] ;+u7gfTds ;+/rgf / kbflwsf/Lx?sf] ljj/0f .
-$_ dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'gsf] nflu ;DjlGwt Ohfhtkqk|fKt ;+:yfn]
cfkm\gf] k|jGwkq / lgodfjnLdf ;+zf]wg ug'{kg]{ /x]5 eg] k|rlnt sfg'g jdf]lhd ;+zf]wg ug'{kg]{
5.
-v_ a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf #^ adf]lhd o; a}+saf6 æ3Æ ju{sf] Ohfhtk|fKt
ljQLo ;+:yfaf6 dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'gsf] nflu o; a}+sdf lgj]bg k]z x'g
cfPdf lgDgfg';f/ ug{] 5 .
-!_ a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^#, k|rlnt P]g sfg'g tyf ljBdfg :t/ a[l4 ;DaGwL ævÆ
/ æuÆ ju{sf Ohfhtk|fKt ljQLo ;+:yfx¿sf nflu dfly v08 -s_ df pNn]v eP adf]lhdsf]
gLltut Joj:yfdf pNn]v ePsf r'Qmf k'FhL nufotsf ;Dk"0f{ k|s[ofx¿ k"/f u/]sf] x'g'kg]{ .
-@_ a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf $* df pNn]lvt Joj:yf adf]lhd Ohfht kq
k|fKt a}+s tyf ljQLo ;+:yfx¿sf] z]o/ nufgL Ps cfk;df Cross Holding gx'g] k|:tfj k]z ePsf]
x'g'kg]{ .
-#_ æ3Æ ju{sf Ohfht kq k|fKt ;+:yfsf] nflu shf{ ;fk6 tyf ;'ljwfsf] ;Ldf lgwf{/0f ;DaGwdf o;
a}+ssf] O= k|f= lgb]{zg g+= # sf] a'Fbf g+= @ df pNn]lvt ljkGg jf Go"g cfo ePsf JolQmnfO{ n3'
Joj;fo ;+rfng ug{ n3' shf{sf] ?kdf k|lt ;d"x ;b:o÷JolQm a9Ldf ^) xhf/ ?k}of;Dd n3'
pBd ;+rfngsf] nflu :jLsf/of]Uo lwtf] lnO{ ;d"x ;b:onfO{ qmdzM a[l4 u/L k|lt Joj;fo ! nfv
%) xhf/ ?k}ofFdf ga9\g] u/L n3' pBd shf{ pknJw u/fpg ;lsg]5 eGg] k|fjwfg cg';f/ k|jfx
ePsf] shf{ nufgL /sd, ;]jf / sfo{qmd g36fpg] ;DaGwL ;+rfns ;ldltsf] k|lta4tf k]z
ug'{kg]{ .
-$_ a'Fbf g+= # adf]lhdsf] k|lta4tf k"/f ug{ k|:tfljt dflyNnf] ju{sf] ljQLo ;+:yfsf] ;+u7g 9fFrfdf
Pp6f 5'§} n3' ljQ ljefusf] Joj:yf u/]sf] x'g'kg]{ / pQm ljefun] eO/x]sf n3'ljQ ;DaGwL sfo{
k|ToIf ?kn] ;+rfng ug'{kg]{ .

181
dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfsf] nflu cfjZos kg]{ k'FhL k"/f u/]/ jf gu/Lsg ;}4flGts ;xdlt
kfpF egL lgj]bg lbg] a}+s tyf ljQLo ;+:yfn] To:tf] lgj]bg ;fy ;f] ;DaGwdf o; a}saf6 clGtd 6'+uf]
gnfu];Ddsf] cjlwsf] nflu To:tf] Ohfhtkqk|fKt ;+:yfsf] z]o/ lwtf]kq jhf/df ;"lrs[t /x]sf] cj:yfdf
z]o/ vl/b laqmL sf/f]jf/ /f]Ssf ePsf] Joxf]/fsf] lwtf]kq ljlgdo ahf/sf] kq ;d]t k]z ug'{kg]{ .
@= ufEg]÷ufleg] ;DaGwdf
a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf ^( jdf]lhd Ohfhtkqk|fKt ;+:yf Ps cfk;df ufEg jf
uflegsf] nflu lgDgfg';f/ ul/g]5 .
s= ljBdfg k'FhL ;+/rgfdf g} Ps cfk;df ufEg jf uflegsf] nflu ;}4flGts ;xdlt kfpF egL lgj]bg lbg]
a}+s tyf ljQLo ;+:yfx?n] To:tf] lgj]bg ;fy ;f] ;DaGwdf o; a}saf6 clGtd 6'+uf] gnfu];Ddsf] cjlwsf]
nflu To:tf] Ohfhtkqk|fKt ;+:yfx?sf] z]o/ vl/b÷laqmL sf/f]jf/ /f]Ssf ePsf] Joxf]/fsf] lwtf]kq ljlgdo
ahf/sf] kq k]z ug'{kg]{ 5 .
v= ljBdfg k'FhL ;+/rgf ;d]t kl/jt{g u/L Ps cfk;df ufEg jf uflegsf] nflu ;}4flGts ;xdlt kfpF egL
lgj]bg lbPsf a}+s tyf ljQLo ;+:yfx?n] k|rlnt sfg'gL Joj:yf cg';f/ klxn] k'FhL ;+/rgf kl/jt{g
;DaGwL k|:tfj pk/sf] sf/jfxL 6'+uf] nfuL k'FhL a[l4 ePkl5 dfq ufEg jf uflegsf] nflu lgj]bg lbg'kg]{ .
ljBdfg gLltut tyf k|s[ofut Joj:yf cGtu{t /xL v08 -s_ / -v_ adf]lhd lgj]bg ;fy ;+nUg sfuhft
tyf ljj/0f k]z x'g cfPkl5 ;f] pk/ 5fglag u/L k}+tfln; lbgleq / lg0f{os} l;nl;nfdf s'g} ljj/0f jf
sfuhft dfu]sf] cj:yfdf yk kGw| lbgleq o; a}+sn] ;f] ;DaGwL lg0f{osf] hfgsf/L ;DalGwt
Ohfhtkqk|fKt ;+:yfnfO{ lbg]5 .
#= ufleO{ :t/f]Gglt x'g] ;DaGwdf
a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf ^( jdf]lhd Ohfhtkqk|fKt ;+:yf Ps cfk;df ufleO{
;f]xL P]gsf] bkmf #^ adf]lhd dflyNnf] ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'gsf] nflu o; a}+sdf lgj]bg
k]z x'g cfPdf ;j{k|yd a'+bf g+= @ cg'?ksf] k|s[of cjnDjg ug'{kg]{ / ;f] cg'?k 6+'uf] nfu] kl5 dfq a'+bf
g+= ! cg'?ksf] sf/jfxL cufl8 a9\g] 5 .
a}+s tyf ljQLo ;+:yfx? Ps cfk;df ufEg]÷ufleg], k'FhL a[l4 ug]{ / :t/f]Gglt x'g] ljifox? cnu–cnu
ljifo ePsf] x'Fbf lgj]bs ;+:yf÷;+:yfx?n] a'+bf g+= ! jf @ cGtu{tsf] s'g v08 cg'?k lgj]bg lbPsf] xf] ;f]
:ki6 v'nfpg' kg]{ 5 / o;/L o; a}+sdf lgj]bg lb+bf ;f]sf] hfgsf/L ;DalGwt ;+:yfn] clgjfo{ ?kdf
sDkgL /lhi6«f/sf] sfof{no, g]kfn lwtf]kq af]8{ / lwtf]kq ljlgdo ahf/nfO{ klg u/fpg' kg]{ 5 .
$= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
-s_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!)÷)^%÷^^ ldlt @)^%÷%÷@) sf] kl/kq .
-v_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!*÷)^%÷^^ ldlt @)^%÷&÷@& sf] kl/kq .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

182
cg';"rL !

>L g]kfn /fi6« a}+s


s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
afn'jf6f/, sf7df8f}+ .

laifoM ======= ju{sf] Ohfhtkqk|fKt ;+:yfdf kl/0ft x'g] ;}4flGts ;xdlt kfpF .

dxf]bo,
k|rlnt sDkgL P]g adf]lhd klAns lnld6]8 sDkgLsf] ?kdf g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf
btf{ u/fO{ a}+s tyf ljQLo ;+:yf ;DaGwL P]g adf]lhd ljut === jif{ b]lv ljQLo sf/f]jf/ ;+rfng ub}{ cfPsf]df
;f]xL P]gsf] bkmf #^ adf]lhd dflyNnf] ju{sf] ;+:yf ==== ju{df kl/0ft ug]{ u/L ;+:yfsf] ;fwf/0f ;efaf6 lg0f{o
ePsf]n] ;}4flGts ;xdlt kfpg To; a}+ssf] k"j{ :jLs[ltsf] nflu tf]lsPsf cfjZos sfuhft ;lxt of] lgj]bg k]z
u/]sf 5f}+ .

cfjZos sfuhft yfg=======;+nUg 5g\ .


ejbLo,

=====================================
-;+:yfsf] tkm{af6 cflwsfl/s JolQm_
gfdM
7]ufgfM
6]lnkmf]g g+ M
ˆofS; g+= M
Od]n 7]ufgf M
ldltM
;+:yfsf] 5fkM

183
cg';"rL @

>L g]kfn /fi6« a}+s


s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
afn'jf6f/, sf7df8f}+ .

laifoM ljQLo sf/f]af/ ug]{ :jLs[lt kfpF .

dxf]bo,
To; a}+ssf] k=;+= =================== ldlt =====================sf] kqaf6 ====== ju{sf] Ohfhtkqk|fKt ;+:yfsf ?kdf
kl/0ft ug{ ;}4flGts ;xdlt k|fKt ePsf]df tf]lsPsf zt{x? k'/f u/L ;s]sf] x'Fbf cfjZos sfuhft Pj+ Ohfhtkq
b:t'/ ;lxt a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf #^ adf]lhd ==== ju{sf] ;+:yfsf] ?kdf ljQLo
sf/f]jf/ ug]{ Ohfhtkq kfpgsf] nflu of] lgj]bg k]z u/]sf 5f}+ .
cfjZos sfuhft yfg=======;+nUg 5g\ .
ejbLo,

=====================================
-;+:yfsf] tkm{af6 cflwsfl/s JolQm_
gfdM
7]ufgfM
6]lnkmf]g g+ M
ˆofS; g+= M
Od]n 7]ufgf M
ldltM
;+:yfsf] 5fkM

184
cg';"rL #
=================================================== ln=
ljQLo ;+:yfsf] ;+:yfks ;d"xdf /x]sf JolQmx?sf]
JolQmut ljj/0f

Kfmf]6f]

!= k"/f gfd y/ M
@= hGd ldlt M
#= hGd :yfg M
$= gful/stf M
%= k"/f 7]ufgf M
-s_ :yfoL M -!_ 6]lnkmf]g -@_ Od]n -#_
km\ofS;
-v_ c:yfoL M -!_ 6]lnkmf]g -@_ Od]n -#_
km\ofS;
^= xfnsf] k]zf M
-s_ kmd{ jf sfof{nosf] gfd M
-v_ 7]ufgf M
-u_ Joj;fosf] k|s[lt÷sfd M
-3_ kbsf] gfd M
-ª_ 6]lnkmf]g÷ ˆofS;÷O{d]n M
&= a}jflxs l:ylt M
-s_ ljjflxt÷ cljjflxt÷ ;DaGw ljR5]b eO{ cnu a;]]sf]
-v_ ljjflxtsf] xsdf klt÷kTgLsf] gfd M
-u_ klt÷kTgLsf] k]zf M
-3_ cfl>tx?sf] ljj/0f
k"/f gfd ;DaGw pd]/

(= -s_ afa'sf] gfd M


7]ufgf M
k]zf M
-v_ afh]sf] gfd M
7]ufgf M

185
!)= z}lIfs of]Uotf M
tx ;+:yfsf] gfd, cWoog jif{ ljifo pkflw lnPsf] ldlt
7]ufgf
:gfts
:gftsf]Q/
ljBfjfl/lw
Joj;flos :t/
tflnd ;]ldgf/
s_
v_
u_
!!= tkfO{;Fu s'g} Joj;flos (Professional) ljifodf sfd ug]{ Ohfht 5 <
5 5}g
olb 5 eg]
-s_ Ohfhtsf] k|s[lt M
-v_ Ohfht lnPsf] ldlt M
-u_ Ohfht gDj/ M
-3_ Ohfht lbg] ;+:yf / 7]ufgf M
!@= tkfO{ s'g} Joj;flos Ifdtfsf] cfwf/df, g]kfn /fi6« a}+saf6 lg/LIf0f, cg'udg ug'{kg]{ ;+:yfdf sfd ug'{x'G5 <
-olb 5 eg], ;+:yfsf] gfd, 7]ufgf / sfdsf] k|s[lt pNn]v ug'{xf];\ . ;fy}, ;DjlGwt ;+:yfaf6 ;+:yfkg x'gsf
nflu :jLs[lt kq k]z ug'{xf];\ _ .
!#= s'g} ;+ul7t ;+:yfdf tkfO{sf] s'g} ljQLo :jfy{ jf lxt ufFl;Psf] 5 eg] v'nfpg' xf];\ <
!$= d}n] ljQLo ;+:yf dflyNnf] ju{df kl/0ft x'g] qmddf b]xfo jdf]lhdsf] yk /sd nufgL ug{ nfu]sf] 5' .
!= ;+:yfdf nufgL ug{ nfu]sf] /sd ?====== ===== ======= -cIf/]lk=============== =============== ===_ .
@= ;+:yfsf] s'n hf/L k"FhLsf] k|ltzt ================== .
#= lgj]bsn] kl5Nnf] cf=j=sf] s/ r'Qmf u/]sf] ;DjlGwt s/ sfof{nosf] kq k]z ug'{ kg]{5 .
!%= tkfO{ s'g} kmf}Hbf/L cleof]udf kg'{ ePsf] 5 <
5 5}g
!^= cfos/ btf{÷r'Qmf ePsf]÷cfly{s jif{ ========= ;Ddsf] k|df0f ;+nUg 5 .
!&= tkfFO{+n] cGo a}+s tyf ljQLo ;+:yf;+u shf{ sf/f]jf/ ug'{ ePsf] 5 <
5 5}g-5 eg] lj:t[t ljj/0f v'nfpg' xf];\ <_
!*= lgDg k|Zgx?sf] hjfkm 5÷5}gdf lbg'xf];\ M
-s_ tkfO{+sf] lj?4df cbfntdf s'g} ck/flws sf/jfO{ lj?4 d'2f rn]sf] 5 < 5 5}g
-v_ tkfO{+n] sfg"g pNn+3g u/]sf] sf/0faf6 ;hfoF kfpg' ePsf] 5 < 5 5}g
-u_ tkfO{+ ;+nUg ePsf] s'g} ;+:yf 6f6 kN6]sf] 5 < 5 5}g
-3_ tkfO{+n] sfd u/]sf] jf ;+rfns ePsf] jf tkfO{+n] % -kfFr_ k|ltzt eGbf a9L z]o/ nufgL u/]sf] ;+:yf
shf{ e'QmfgL ug{ g;s]sf] sf/0f slxNo} sfnf];"rLdf k/]sf] 5, 5}g . 5 5}g
-ª_ u}/ sfg"gL ?kdf ljb]zL d'b|f sf/f]jf/df ;+nUg x'g' ePsf] 5 < 5 5}g
-r_ tkfO{+ ;+nUg ePsf] ;+:yf slxNo} ck/flws s[ofsnfkdf ;+nUg ePsf] 5 < 5 5}g
-5_ tkfO{nfO{+ a}+s tyf ljQLo ;+:yfsf] shf{ sf/f]jf/df b'?kof]u u/]sf] / ;Gtf]ifhgs gePsf] egL a}+s
tyf ljQLo ;+:yfaf6 s'g} clen]v u/]sf] 5 < 5 5}g
-h_ tkfO{ shf{ ;"rgf s]Gb|sf] sfnf];"rLdf kg'{ ePsf] 5 < 5 5}g
olb k/]sf] eP ;f] ;"rLaf6 k'ms'jf ePsf] ldltn] sDtLdf tLg jif{ k'/f ePsf] 5 < 5 5}g
-em_ tkfO{+ cGo a}+s tyf ljQLo ;+:yfsf] axfnjfnf sd{rf/L, ;~rfns, n]vfk/LIfs sfg"gL jf cGo
;Nnfxsf/ x'g'x'G5 < 5 5}g
186
-`_ tkfO{+ lwtf]kq bnfn jf ahf/ lgdf{tf /xg' ePsf]] 5 < 5 5}g
-6_ tkfO{ s'g} ;fj{hlgs ck/fw u/]sf], sfg"g pNn+3g u/]sf] jf k|rlnt sfg"g jdf]lhd lj36gdf k/]sf]
s'g} ;+:yfdf sd{rf/L jf ;NNffxsf/sf] ?kdf /xg' ePsf] 5 < 5 5}g
-7_ tkfO{ k|rlnt sfg"g jdf]lhd bfdf;flxdf kg'{ ePsf] 5 < 5 5}g
-8_ tkfO{n] s'g} /fhg}lts kbdf lgjf{lrt jf dgf]lgt k|ltlglwsf] ?kdf sfdsfh ul//xg' ePsf] 5 <
5 5}g
-9_ tkfO{nfO{ k|rlnt sfg"g jdf]lhd s'g} k]zf jf Joj;fo ug{ /f]s nufOPsf] 5 < 5 5}g
-0f_ tkf+O{n] nufgL u/]sf] cGo kmd{÷sDkgL÷;+ul7t ;+:yf g]kfn /fi6« a}+sn] lg/LIf0f tyf ;'kl/j]If0f ug{
rfx]df dGh'/ 5 . 5 5}g
-t_ tkfO{n] o; a}+saf6 Ohfhtkqk|fKt cGo a}+s tyf ljQLo ;+:yfdf ;+:yfkssf] x}l;otn] nufgL
ug'{ePsf] 5 < 5 5}g -5 eg] lj:t[t ljj/0f v'nfpg' xf];_
!(= ljQLo ;+:yfsf] ;+:yfkssf] x}l;otn] d}n] o; a}+s÷ljQLo ;+:yfsf] hf/L k"FhLsf] ===== k|ltzt z]o/ lng d~h'/
u/]sf] 5' . of] z]o/ o; a}+s÷ljQLo ;+:yfsf] r'Qmf k"FhLsf] !% k|ltzteGbf a9L 5}g .
@)= ;do ;dodf g]kfn /fi6« a}+sn] lgwf{/0f u/] cg'?k d]/f] a}+s÷ljQLo ;+:yfsf] k"FhL k'¥ofpg] k|ltj4tf hfx]/
ub{5' .
dfly pNn]v ul/Psf] ljj/0f 7Ls ;fFrf] xf] . oL s'g} klg ljifodf hfFra'em÷5fgljg tyf d}n] lbPsf]
ljj/0f ;fj{hlgs ug{ d]/f] d~h'/L 5 . e'm7f] ePdf o;}sf cfwf/df a}+s ;+:yfkgf ug]{ Ohfht glbPdf d]/f]
d~h'/L 5 .

b:tvt M
gfd M
ldlt M
7]ufgf M
6]lnkmf]g M

187
cg";"rL $
================================== ln=
ljQLo ;+:yfsf] ;+:yfks ;d"xdf /x]sf ;+:yf
-kmd{,sDkgL,;+ul7t ;+:yf_x?sf] ljj/0f

!= :jb]zL ;+:yf -kmd{, sDkgL tyf ;+ul7t ;+:yf_ M


-s_ ;+:yfsf] gfd M
-v_ ;+:yf btf{ ldlt M
-u_ k|ltlglwTj ug]{ JolQm
gfdM
kbM
@= ljb]zL nufgLsf] xsdf M
-s_ ;+:yfsf] gfd M
-v_ ;+:yf btf{ ldlt M
-u_ k|ltlglwTj ug]{ JolQm
gfdM
kbM
#= ;]jfsf] clen]v –ljut % jif{sf]_ a}+s tyf ljQLo ;+:yf jf s'g} klg k|sf/sf] lgIf]k ;DjGwL Jojzfo
;~rfng ug]{ ;+:yf eP ;f] sf] lj:t[t ljj/0f M
;+:yfsf] gfd, 7]ufgf cjlw kb lgs6td sfd 5f]8\g'sf] sf/0f
;'kl/j]Ifssf] gfd

$= ;+:yfsf] gfdaf6 s'g} Joj;flos (Professional) ljifodf sfd ug]{ O{hfht 5 < 5 5}g
olb 5 eg]
-s_ Ohfhtsf] k|s[lt M
-v_ Ohfht lnPsf] ldlt M
-u_ Ohfht gDj/ M
-3_ Ohfht lbg] ;+:yf / 7]ufgf M
%= ;+:yf ljut b'O{ jif{ b]lv ;~rfng d'gfkmfdf /x]sf] 5÷5}g < 5 5}g
;+:yfsf] b'O{ cf=j=sf] ljQLo ljj/0f o;};fy ;+nUg 5 .
^= ;+:yfaf6 nufgL u/L cGo kmd{, sDkgL, ;+ul7t ;+:yfdf s'g} ljQLo :jfy{ jf lxt ufFl;Psf] 5 eg] v''nfpg'
xf]; .
&= ljQLo ;+:yf dflyNnf] ju{df kl/0ft x'g] qmddf b]xfo adf]lhdsf] /sd nufgL ug{ nfu]sf 5f}+ .
!= ;+:yfdf nufgL ug{ nfu]sf] /sd ?====== ===== ======= -cIf/l]k=============== =============== ===_ .
@= ;+:yfsf] s'n hf/L k'FhLsf] k|ltzt ================== .
#= lgj]bsn] kl5Nnf] cf=j=sf] s/ r'Qmf u/]sf] ;DjlGwt s/ sfof{nosf] kq k]z ug'{kg]{ 5 .
*= cfos/ btf{÷r'Qmf ePsf]÷cfly{s jif{ ========= ;Ddsf] k|df0f ;+nUg 5 .
188
(= ;+:yfsf] cGo a}+s tyf ljQLo ;+:yf;+u shf{ sf/f]jf/ 5 <
5 5}g -5 eg] lj:t[t ljj/0f v'nfpg' xf];\ <_
!)= lgDg k|Zgx?sf] hjfkm 5÷5}gdf lbg'xf];\ M
-s_ ;+:yfsf] lj?4df cbfntdf s'g} ck/flws sf/jfO{ lj?4 d'2f rn]sf] 5 < 5 5}g
-v_ ;+:yfn] sfg"g pNn+3g u/]sf] sf/0faf6 ;hfoF kfPsf] 5 < 5 5}g
-u_ ;+:yfn] nufgL u/]sf] cGo s'g} ;+:yf 6f6 kN6]sf] 5 < 5 5}g
-3_ ;+:yfn] sfd u/]sf] jf ;+rfns ePsf] jf ;+:yf+n] % -kfFr_ k|ltzt eGbf a9L z]o/ nufgL u/]sf] ;+:yf
shf{ e'QmfgL ug{ g;s]sf] sf/0f slxNo} sfnf];"rLdf k/]sf] 5 < 5 5}g
-ª_ ;+:yf u}/ sfg"gL ?kdf ljb]zL d'b|f sf/f]jf/df ;+nUg ePsf] 5 < 5 5}g
-r_ tkfO{sf] ;+:yfnfO{+ a}+s tyf ljQLo ;+:yfsf] shf{ sf/f]jf/df b'?kof]u u/]sf] / ;Gtf]ifhgs gePsf] egL
a}+s tyf ljQLo ;+:yfaf6 s'g} clen]v u/]sf] 5 < 5 5}g
-5_ ;+:yf shf{ ;"rgf s]Gb|sf] sfnf];"rLdf k/]sf]] 5 < 5 5}g
olb k/]sf] eP ;f] ;"rLaf6 k'ms'jf ePsf] ldltn] sDtLdf tLg jif{ k"/f ePsf] 5 < 5 5}g
-h_ ;+:yf cGo a}+s tyf ljQLo ;+:yfsf] ;~rfns, n]vfk/LIfs sfg"gL jf cGo ;Nnfxsf/ 5 <
5 5}g
-em_ ;+:yf lwtf]kq bnfn jf ahf/ lgdf{tf /x]sf]] 5 < 5 5}g
-`_ ;+:yf s'g} ;fj{hlgs ck/fw u/]sf], sfg"g pNn+3g u/]sf] jf k|rlnt sfg"g jdf]lhd lj36gdf k/]sf]
s'g} ;+:yfdf ;NNffxsf/sf] ?kdf /x]sf]] 5 < 5 5}g
-6_ tkfO{sf] ;+:yf k|rlnt sfg"g jdf]lhd bfdf;flxdf k/]sf]] 5 < 5 5}g
-7_ ;+:yfnfO{ k|rlnt sfg"g jdf]lhd s'g} k]zf jf Joj;fo ug{ /f]s nufOPsf] 5 < 5 5}g
-8_ ;+:yfn]] nufgL u/]sf] cGo kmd{÷sDkgL÷;+ul7t ;+:yf g]kfn /fi6« a}+sn] lg/LIf0f tyf ;'kl/j]If0f ug{
rfx]df dGh'/ 5 . 5 5}g
-9_ ;+:yfn] o; a}+saf6 Ohfhtkqk|fKt cGo a}+s tyf ljQLo ;+:yfdf ;+:yfkssf] x}l;otn] nufgL u/]sf]]5
< 5 5}g -5 eg] lj:t[t ljj/0f v'nfpg' xf];_
!!= ljQLo ;+:yfsf] ;+:yfkssf] x}l;otn ;+:yfn] o; a}+s÷ljQLo ;+:yfsf] hf/L k"FhLsf] ===== k|ltzt z]o/ lng
d~h'/ u/]sf] 5 . of] z]o/ o; ljQLo ;+:yfsf] r'Qmf k"FhLsf] !% k|ltzteGbf a9L /x]sf] 5}g .
!@= ;do ;dodf g]kfn /fi6« a}+sn] lgwf{/0f u/] cg'?k xfdLn] a}+s÷ljQLo ;+:yfsf] k'FhL k'¥ofpg] k|ltj4tf hfx]/
ub{5f}+ .
dfly pNn]v ul/Psf] ljj/0f 7Ls ;fFrf] xf] . oL s'g} klg ljifodf hfFra'em÷5fgljg tyf d}n] lbPsf] ljj/0f
;fj{hlgs ug{ d]/f] d~h'/L 5 . e'm7f] ePdf o;}sf cfwf/df dflyNnf] ju{df kl/0ft x'g] Ohfht glbPdf d]/f]
d~h'/L 5 .
b:tvt M
gfd M
ldlt M
7]ufgf M
6]lnkmf]g M

189
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu
O=k|f=lgb]{zg g+= !(÷)^^
laifoM u|fxs klxrfg (Know your Customer) ;DaGwdf .
;a} Ohfhtkqk|fKt afl0fHo a}+s tyf ljQLo ;+:yfx?n] cfˆgf] u|fxssf] klxrfg (Know your Customer)
;DaGwdf Pp6f :ki6 sfo{ljlw cjnDag ug{ cfjZos ePsf] x'Fbf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &( n]
lbPsf] clwsf/ k|of]u u/L of] lgb]{zg hf/L ul/Psf] 5 .
!= a}+s tyf ljQLo ;+:yfx?n] u|fxs :jLsf/ k|lqmof, u|fxssf] kl/ro ug]{ k|lqmof, u|fxssf] sf/f]jf/sf] cg'udg
k|lqmof / hf]lvd Joj:yfkg k|lqmof h:tf ljifodf s]Gb|Lt eO{ cfˆgf] u|fxs klxrfg (Know your Customers)
sfo{ljlw tof/ ug'{kg]{ 5 .
@= a}+s tyf ljQLo ;+:yfn] u|fxssf] vftf vf]Nbf, u|fxsnfO{ C0f k|bfg ubf{, lab]zL d'b|fsf] 8«fˆ6, l6=l6,=d]n,
6]lnu|flkms 6«fG;km/ ubf{ jf To:tf] 8«fˆ6 l6=6L=, d]n / 6]lnu|flkms 6«fG;km/jf6 /sd :jLsf/ ubf{ tyf
u|fxs;+u d'b|f jf d'b|fsf] k|lt:yfkg ;DaGwL sf/f]jf/ ubf{ tyf k|lttkq nufotsf cGo sf/f]jf/ ubf{
clgjfo{?kdf u|fxs;+u cfjZostf cg';f/ ;+nUg cg';"rL–! adf]lhdsf ;"rgfx? lng'kg]{ 5 . -cg';"rLdf
pNn]v gePsf / ;DalGwt a}+s tyf ljQLo ;+:yfn] d'b|f z'4Ls/0f tyf cft+ssf/L ultljlwdf x'g] nufgL
tyf sf/f]jf/ lgoGq0fsf ;DaGwdf cfjZos b]v]sf s'/fx? yk ug{;Sg] 5g\ ._ h'g;'s} k|of]hgsf nflu gofF
vftf vf]Nbf u|fxs klxrfg nufot k"/f ug'{kg]{ cGo cfjZos ;Dk"0f{ k|s[ofut Joj:yf k"/f u/]/ dfq vftf
vf]Ng'kg]{ 5 .
#= a}+s tyf ljQLo ;+:yfn] cfˆgf] k|To]s sfof{no÷zfvfdf ;+nUg cg';"rL – ! adf]lhdsf] sfuhft nufot cGo
sfuhftx? tf]lsPsf] sd{rf/Laf6 k|dfl0ft u/fO{ /fVg'kg]{ 5 .
$= g]kfn ;/sf/sf] pBf]u, jfl0fHo dGqfno cGtu{tsf] sfo{fnodf btf{ geO{ dxfgu/kflnsf, pk–
dxfgu/kflnsf, gu/kflnsf, uf= lj= ;=, h:tf :yfgLo lgsfo jf cf}ifwL Joj:yf ljefu, vfgL ljefu
nufot cGo ;/sf/L lgsfoaf6 Ohfhtkqk|fKt u/L cfos/ k|of]hgsf] nflu g]kfn ;/sf/, cfGtl/s /fh:j
ljefuaf6 :yfoL n]vf gDa/ -Permanent Account Number_ /÷jf d'No clej[l4 s/ -Value Added Tax_ gDa/
k|fKt u/L ljleGg pBf]u, Jofkf/ jf Joj;fo ;+rfng ul//x]sf u|fxs;+u a}+s tyf ljQLo ;+:yfn] kl5Nnf]
k6s s/ r'Qmf u/]sf] k|df0fkq / g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 :jLs[lt k|fKt u/]sf] k|df0f kq
;d]tnfO{ shf{ jf cGo a}+lsu sf/f]jf/ ug]{ k|of]hgsf] nflu cfwf/ dfGg ;lsg]5 .
% a}+s tyf ljQLo ;+:yfn] s'g} u|fxssf] ;+sf:kb tyf c:jfefljs ?kdf sf/f]jf/ a9]df jf 36]df jf
c:jfefljs ?kdf ljb]zaf6 ljk|]if0fsf] dfWodaf6 jf s'g} dfWodaf6 /sd k|fKt ePdf jf ljb]zaf6 k|fKt x'g]
ljk|]if0f /sdsf] >f]t gv'n]df jf :ki6 gePdf To:tf z+sf:kb tyf c:jfefljs sf/f]jf/ / u|fxs -JolQm,
kmd{, sDkgL jf ;+:yf_ sf] ljj/0f tof/ u/L dfl;s ?kdf cfˆgf] ;+rfns ;ldltdf k]z ug'{kg]{ 5 . ;fy}, a}+s
tyf ljQLo ;+:yfdf hDdf -k|fKt_ x'g cfpg] bz nfv ?k}ofF eGbf dflysf /sdsf] sf/f]jf/, vftf, jxL, >]:tf
jf lx;fj ;~rfng ;DaGwL 5'§} k|lqmofut ;+oGq tof/ ug'{kg]{ 5 / To:tf] sf/f]jf/sf] >f]t ;d]t ;DalGwt
u|fxsaf6 pNn]v ug{ nufO{ cWofjlws u/L /fVg'kg]{ 5 . o; k|of]hgsf nflu u|fxsn] :j3f]if0ff (self
declaration) klg dfGo x'g]5 .
^= bz nfv ?k}ofF eGbf sd /sdsf] sf/f]jf/ ePsf]df ;d]t olb To:tf] sf/f]jf/ z+sf:kb jf c:jfefljs nfu]df
To:tf] sf/f]jf/sf] vftf, jxL, >]:tf jf lx;fj ;d]t cBfjlws u/L /fVg'kg]{ 5 .
&= a}+s tyf ljQLo ;+:yfx?n] cfˆgf] u|fxsx? jLrsf] sf/f]jf/sf] clen]v -O{n]S6«f]lgs /]s8{ ;d]t_ sf/f]jf/
;dfKt ePsf] ldltn] kfFr jif{;Dd ;'/lIft /fVg'kg]{ 5 .
*= o; lgb]{zgsf] a'Fbf g+= % / ^ adf]lhdsf ljj/0fx? k|To]s q}df; ;dfKt ePsf] ldltn] kGw| lbgleq lgoldt
?kdf o; ljefudf k]z ug'{kg]{ 5 . u|fxs klxrfg ljifosf ;DaGwdf o; a}+s cGtu{t /x]sf] ljQLo hfgsf/L
OsfO{ -FIU_ dfkm{t hf/L ePsf] kl/kq cg';f/sf] ljj/0fx? ;f]xL OsfO{df k]z ug'{kg]{ 5 .
(= a}+s tyf ljQLo ;+:yfn] s'g} JolQm, kmd{, sDkgL jf ;+:yfnfO{ shf{ k|jfx ubf{ o;} ;fy ;+nUg cg';"rL – @
adf]lhdsf] ljj/0f clgjfo{ ?kdf lng'kg]{ 5 .

190
!) vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
-s_ k=;+= a}=lj=lg=lj÷dfu{ bz{g÷!÷)^@÷^# ldlt @)^@.!@.@% sf] dfu{bz{g .
-v_ k=;+= a}+=lj=lg=lj=÷gLlt÷dfu{bz{g÷@÷)^@÷^ ldlt @)^#.!.@& sf] dfu{bz{g .
-u_ k=;+= a}+=lj=lg=lj=÷gLlt÷kl/kq÷@÷)^#÷^$ ldlt @)^#.$.!$ sf] kl/kqsf] a'Fbf g+= $ .
-u_ k=;+= a}+=lj=lg=lj=÷gLlt÷kl/kq÷^÷)^%÷^^ ldlt @)^%.%.!! sf] kl/kq .
-3_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#&÷)^%÷^^ ldlt @)^^÷!÷@ sf] kl/kqsf] a'Fbf g+= ! .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd
eP u/]sf] dflgg]5 .

cg';"rL – !
u|fxs kl/ro ;DaGwL k|lqmof
!= a}+s tyf ljQLo ;+:yfn] sf/f]jf/sf] ;Gbe{df u|fxssf] k|s[lt x]/L b]xfo adf]lhdsf] ;"rgf tyf sfuhftx? lng'
kg]{5 . ;fy}, cfjZos k/]df u|fxs;Fu JolQmut cGt/jftf{ ;d]t lng'kg]{ 5 .
-c_ vftfjfnf u|fxssf] ;DaGwdf
-s_ JolQmut vftf
(1) :ki6 gfd, y/
(2) lktf jf kltsf] gfd
(3) :yfoL 7]ufgf -7]ufgf k|dfl0ft ug]{ cfjZos sfuhft x'g'kg]{ . To:tf sfuhftx?df gful/stfsf]
k|df0fkq, /fxbfgL, kfgL tyf lah'nLsf] lan, cfjZos k/]df ;DalGwt a}+s sd{rf/Ln] :ynut
e|d0f u/L tof/ u/]sf] gS;f, dtbftf kl/rokq, nfnk"hf{ cflb _
(4) c:yfoL 7]ufgf
(5) hGd ldlt
(6) 6]lnkmf]g gDa/ -ePdf pNn]v ug]{_
(7) gful/stf÷kf;kf]6{ -gDa/ / ljj/0f ;d]t_
(8) g]kfn ;/sf/ jf g]kfn ;/sf/sf] :jfldTj ePsf] ;+:yfdf sfd ug]{ sd{rf/L eP kl/rokqsf] 5jL
lrq
(9) kmf]6f]
(10) cGo cfjzos sfuhftx? -a}+s÷ljQLo ;+:yf :jo+n] tf]Sg ;Sg]_
-v_ ;fem]bf/L jf JolQmut kmd{sf] vftf
(1) kmd{sf] gfd
(2) 7]ufgf
(3) 6]lnkmf]g÷df]jfOn gDa/ -ePdf pNn]v ug]{_
(4) ;fem]bf/ ;a}sf] gfd / tLgsf] 7]ufgf -kmf]g g+= ;lxt_
(5) ;fem]bf/sf] kmf]6f]
(6) kmd{ /lhi6«]zgsf] k|df0fkq
(7) kmd{sf ;fem]bf/ jLr ePsf] sa'lnotgfdf
(8) ;fem]bf/ kmd{ eP cfly{s tyf k|zf;lgs sf/f]jf/ ug]{ ;DaGwdf lbPsf] clVtof/gfdf
(9) cGo cfjZos sfuhftx? -a}+s÷ljQLo ;+:yf :jo+n] tf]Sg ;Sg]_
-u_ sDkgLsf] vftf
(1) sDkgLsf] gfd
(2) s]Gb|Lo sfof{no /x]sf] :yfg
(3) k'/f 7]ufgf -6]lnkmf]g, ˆofS; ;d]t_
(4) ;+:yfkgf / u7g ;DaGwL k|df0fkq tyf sDkgLsf] k|aGwkq / lgodfjnL
(5) af]8{sf ;b:ox?sf] gfd / 7]ufgf -ePdf kmf]g gDa/ ;d]t pNn]v ug]{_
(6) af]8{sf ;b:ox?sf] kmf]6f]
(7) vftf vf]Ng] / vftf ;~rfng ug]{ ;DaGwdf af]8{n] u/]sf] lg0f{o / clVtof/L
191
(8) af]8{n] sfo{sf/L k|d'v / cGo clws[t sd{rf/LnfO{ cfly{s sf/f]jf/sf] ;DaGwdf k|bfg u/]sf]
clVtof/L
(9) cGo cfjZos sfuhftx? -a}+s÷ljQLo ;+:yf :jo+n] tf]Sg ;Sg]_
-3_ Sna÷u}/;/sf/L ;+3 ;+:yfsf] vftf
(1) Sna tyf u}/;/sf/L ;+3 ;+:yfsf] gfd
(2) 7]ufgf
(3) ;+:yf btf{ k|df0fkq
(4) ljwfg
(5) sfo{ ;ldltsf] gfd / 7]ufgf -ePdf kmf]g gDa/ ;d]t pNn]v ug]{_
(6) 6]lnkmf]g gDa/
(7) vftf vf]Ng] ;DaGwL sfo{ ;ldltsf] lg0f{o
(8) Sna jf u}/;/sf/L ;+:yfsf] ;+rfns÷sfo{sf/L ;ldltsf kbflwsf/Lx?sf] kmf]6f]
(9) vftf ;~rfng tyf cfly{s sf/f]jf/ ;DaGwL clVtof/L
(10) cGo cfjZos sfuhftx? -a}+s÷ljQLo ;+:yf :jo+n] tf]Sg ;Sg]_
-ª_ ;xsf/L ;+:yfsf] vftf
(1) ;+:yfsf] gfd
(2) 7]ufgf
(3) kmf]g g+= -ePdf pNn]v ug]{_
(4) ;+:yfsf] ljlgod
(5) af]8{sf ;b:ox?sf] gfd / 7]ufgf -ePdf kmf]g gDa/ ;d]t pNn]v ug]{_
(6) af]8{sf ;b:ox?sf] kmf]6f]
(7) ;+:yf btf{ ;DaGwL k|df0fkq
(8) vftf vf]Ng] ;DaGwL af]8{sf] lg0f{o / cfly{s sf/f]jf/ ug]{ ;DaGwL clVtof/L
(9) cGo cfjZos sfuhftx? -a}+s÷ljQLo ;+:yf :jo+n] tf]Sg ;Sg]_
-r_ ;fj{hlgs u'7L jf lghL u'7Lsf] vftf
(1) gfd
(2) 7]ufgf
(3) kmf]g g+= -ePdf pNn]v ug]{_
(4) ljwfg
(5) u'7L :yfkgf ;DaGwL ePsf] sa'lnotgfdf
(6) u'7L ;+rfnssf] gfd / 7]ufgf
(7) u'7L ;+rfnssf] kmf]6f]
(8) u'7L :yfkgf ;DaGwL k|df0fkq
(9) Joj:yfkg ;ldltsf af]8{sf ;b:ox?sf] gfd / 7]ufgf
(10) vftf vf]Ng] ;DaGwL Joj:yfkg ;ldlt jf jf]8{sf] lg0f{o / cfly{s sf/f]jf/ ;DaGwL clVtof/L
(11) af]8{sf @ hgf ;b:osf] gfd, y/, 7]ufgf, kmf]6f] ;lxt 7]ufgf k|dfl0ft x'g] sfuhft
(12) cGo cfjZos sfuhftx? -a}+s÷ljQLo ;+:yf :jo+n] tf]Sg ;Sg]_
b|i6JoM
-s_ z+sf:kb tyf c:jefljs sf/f]jf/ eGgfn] vftf vf]Ng] ;dodf a}+s÷ljQLo ;+:yfnfO{ pknAw u/fO{Psf] ljj/0f ;Fu
d]n gvfg] k|s[ltsf] sf/f]jf/ / /sd b]lvPsf] cj:yfnfO{ ;d]t ;Demg' k5{ .
-v_ ;|f]t gv'n]sf] eGgfn] /sd k7fpg] JolQm, kmd{, sDkgL tyf ;+:yfsf] gfd, 7]ufgf :ki6 gePsf] / gf]s/L, Joj;fo
tyf cGo cfDbfgLsf] ;|f]tsf] jf/]df ;DalGwt a}+s÷ljQLo ;+:yfnfO{ lrQ a'‰bf] ljj/0f k|fKt gePsf] cj:yfnfO{
;d]t ;Demg' k5{ .

192
cg';"rL – @

a}+s tyf ljQLo ;+:yfdf C0fsf] nflu lgj]bg lb+bf v'nfpg'kg]{ laa/0fsf] 9fFrf
ldltM ====================
-?= xhf/df_
C0f lnPsf] cGo a}+s÷ljQLo ;+:yfsf] gfd aSof}tf /sd -ldlt_ Dofb gf3]sf] 5÷5}g
!= ======= a}+s÷ljQLo ;+:yf
rfn'
k'FhL
shf{
cfjlws
shf{
cGo
shf{
u}/sf]ifdf
cfwfl/t
;'ljwf
hDdf
@= ======= a}+s÷ljQLo ;+:yf
rfn'
k'FhL
shf{
cfjlws
shf{
cGo
shf{
u}/sf]ifdf
cfwfl/t
;'ljwf
hDdf
s'n hDdf

pk/f]Qm adf]lhd d÷xfdLn] 3f]if0ff u/]sf] ljj/0f 7Ls 5 e'mÝf 7x/] sfg'g adf]lhd sf/jfxL ePdf d~h'/L 5 egL
;xL ug]{M

clwsf/ k|fKt clwsf/Lsf] b:tvtM

JolQmsf] gfd÷kmd{, sDkgL / ;+:yfsf] gfd / 5fkM

193
g]kfn /fi6« a}+s
s]Gb|Lo sfof{no
a}+s tyf ljQLo ;+:yf lgodg ljefu

O=k|f=lgb]{zg g+= @)÷)^^


laifo:- ljljw Joj:yf ;DaGwdf .

o; a}+saf6 Ohfhtkqk|fKt ;+:yfn] kfngf ug'{kg]{ ljljw Joj:yf ;DjGwdf g]kfn /fi6« a}+s P]g, @)%* sf] bkmf &(
n] lbPsf] clwsf/ k|of]u u/L b]xfosf] lgb]{zg hf/L ul/Psf] 5 .
!= jLdf clestf{sf] ?kdf sfo{ ug{ ;Sg] ;DaGwdf .
a}+s tyf ljQLo ;+:yf ;DjGwL P]g, @)^# sf] bkmf $& pkbkmf -!_ sf] v08 -;_, pkbkmf -@_ sf] v08 -if_,
pkbkmf -#_ sf] v08 -km_ adf]lhd s, v, / u ju{sf Ohfhtkqk|fKt ;+:yfx?n] æ/fi6« a}+sn] tf]s]sf cGo sfo{
ug]{Æ Joj:yf cGt/ut /xL Ohfhtkqk|fKt ;+:yfn] rfx]df k|rlnt sfg'g / ;DjlGwt lgsfosf] :jLs[lt lnO{
cfkm\gf u|fxsx?sf] nflu dfq jLdf clestf{sf] ?kdf sfo{ ug{;Sg] 5g\ .
@= sDKo"6/ ;km\6j]o/sf] k|of]u÷v/Lb ug{] ;DaGwdf .
k|ltlnkL clwsf/ P]g, @)%( n] sDKo"6/ ;km\6j]o/nfO{ af}l4s ;DklQsf] ?kdf JofVof u/]sf] Pj+ u}/ sfg'gL
tyf gSsnL sDKo"6/ ;km\6j]o/sf] k|of]u sfg'gåf/f g} jlh{t u/]sf] x'Fbf a}+s tyf ljQLo ;+:yfx?n] gSsnL
sDKo"6/ ;km\6j]o/af6 aRg ;fjwfgL Pj+ ;ts{tf ckgfpg' kg]{5 .
#= ;|f]tdf s/ s§L -TDS_ ljj/0f k7fpg'kg]{ ;DaGwdf .
cfos/ P]g @)%* sf] kl/R5]b !& df clu|d ?kdf ;|f]tdf s/ s§L -TDS_ ug'{kg]{ /sd s§L u/L k|To]s dlxgf
;dfKt ePsf] !% -kGw|_ lbgleq ljj/0f ;lxt s§L ul/Psf] /sd ;DalGwt cfGtl/s /fh:j sfof{nodf
bflvnf ug'{kg]{ / gu/]df z'Ns tyf Jofh nfUg] Joj:yf ;j} ;/sf/L tyf u}/;/sf/L lgsfo tyf ljj/0f k]z
ug'{kg]{ s/bftfx?n] clgjfo{ ?kdf e-TDS sf] ljj/0f k7fpg' kg]{ u/L tf]lsPsf] x'Fbf cfGtl/s /fh:j ljefusf]
Website: www.ird.gov.np/etds df log on u/L ljj/0f entry ug{ / sDKo'6/af6 ;f] sf] Submission Number
lng] Joj:yf ldnfpg' kg]{5 .
$= TRO ;DalGwt vftf tyf cfly{s sf/f]jf/ /f]Ssf /fVg] ;DjGwdf .
Tamil Rehabilitation Organization -TRO_ ;+u ;DalGwt JolQmx?sf] gfdfjlnsf] k|ltlnkL o;} kq;fy
cg';"rL @)=! ;+nUg u/L k7fOPsf] 5, gfdfjln ;f]xL k|ltlnkLaf6 hfgsf/L k|fKt ug'{ eO{ tL JolQmx?sf] vftf
tyf cfly{s sf/f]jf/ eP /f]Ssf÷k|ltaGw nufpg' x'g .
%= Jofj;flos of]hgf÷k'FhL of]hgf k]z ug]{ ;DaGwdf .
xfn ;~rfngdf /lx/x]sf a}+s tyf ljQLo ;+:yfx¿n] @)&) cfiff9 d;fGtleq gofF Joj:yf ul/P cg';f/sf]
r'Qmf k'FhL j[l4 ub}{ n}hfg' kg]{ ;Gbe{df x/]s jif{ gk'u /sdsf] ;dfg'kflts b/n] j[l4 ub}{ n}hfgsf] nflu k'FhL
of]hgf (Capital Plan) agfO{ o; a}+ssf] a}+s tyf ljQLo ;+:yf lgodg ljefu / ;DalGwt ;'kl/j]If0f ljefudf
k7fpg' kg]{5 .
o; k|of]hgsf nflu r'Stf k'FhL eGg] zAbn] ;fwf/0f z]o/ jfktsf] r'Qmf k'FhL -af]g; z]o/ tyf xsk|b z]o/_
nfO{ dfq a'emfpg] / ;f] r'Qmf k'FhLdf ;fwf/0f z]o/ afktsf] k|:tfljt af]g; z]o/nfO{ ;d]t ;dfj]z ug{
;lsg] 5 .
^== g]kfn ;/sf/, dlGqkl/ifb\sf] ldlt )^$.%.( sf] lg0f{o sfof{Gjogsf nflu lgDgfg';f/ ug'{ u/fpg' x'g .
:j= /fhf aL/]Gb|, /fgL P]Zjo{ / lghx?sf kl/jf/sf gfddf g]kfnl:yt s'g} a}+sdf s'g} vftf vf]lnPsf] lyof] jf
lyPg, ns/ vf]lnPsf] lyof] jf lyPg / To:tf] vftf jf ns/df s] slt /sd jf ;'g, rfFbL jf hjfx/ft lyof]
/ To:tf] vftfaf6 /sd lgsflnPsf] 5 jf 5}g / lgsflnPsf] eP s] slt /sd slxn] lgsflnPsf] xf] ;f]sf]
lj:t[t ljj/0f oyfzL3| o; a}+snfO{ pknJw u/fpg] .
:j= /fhf aL/]Gb|, /fgL P]Zjo{ / lghx?sf kl/jf/sf gfddf g]kfnl:yt s'g} a}+sdf s'g} vftf vf]lnPsf] eP
;f]sf] ljj/0f oyfzL3| o; a}+snfO{ pknJw u/fO{ To:tf] vftfaf6 /sd lemSg gkfpg] u/L vftf /f]Ssf /fVg] .

194
&= Long Form Audit Report ;DaGwdf .
Long Form Audit Report nfO{ ;do ;fk]If / k|efjsf/L agfpg o;};fy ;+nUg 9fFrf -cg';"rL @)=@_ cg';f/
nfu" ul/Psf] 5 . pQm Long Form Audit Report nfO{ o; a}+ssf] web-site: www.nrb.org.np sf] a}+s tyf
ljQLo ;+:yf lgodg ljefu cGt/ut /flvPsf] x'gfn] ;f]xL web-site af6 ;"rgf k|fKt u/L cfˆgf] ;+:yfsf]
afXo n]vfk/LIfsaf6 ;f] Long Form Audit Report s} 9fFrfdf tof/ ul/Psf] clGtd n]vfk/LIf0f k|ltj]bgnfO{
;f]em} o; a}+sdf cfOk'Ug] u/L k7fpg] Joj:yf ug'{kg]{ 5 .
*= a}+s tyf ljQLo ;+:yfn] shf{ ckn]vg ;DaGwL ljlgod agfpFbf cjnDag ug'{kg]{ dfu{bz{g .
-!_ Ohfhtkqk|+fKt ;+:yfn] s] s:tf shf{ c;'n x'g g;Sg] x'g\ lgwf{/0f ug]{ cfwf/ tof/ u/L To:tf] shf{ ckn]vg
ug]{ af/] cf–cfˆgf] ;~rfns ;ldltaf6 ljlgod th'{df u/L o; a}+saf6 :jLs[lt lnO{ nfu" ug'{kg]{ 5 .
-@_ o; a}+ssf] lgb]{zg adf]lhd shf{ v/fa au{df k/L !)) k|ltzt shf{ gf]S;fgL Aoj:yf eO{ ;s]sf
shf{x?nfO{ ckn]vg ug{ ;lsg] 5 . t/, % jif{eGbf a9Ln] efvf gf3]sf / zt k|ltzt shf{ gf]S;fgL
Joj:Yff ePsf shf{x?nfO{ clgjfo{ ckn]vg ug'{kg]{ 5 .
-#_ C0fL / C0f;Fu ;DjlGwt kIfx?nfO{ o; a}+ssf] lgb]{zg adf]lhd shf{ ;"rgf s]Gb| ln= sf] sfnf];"rLdf
;dfj]z u/L ;lsPsf] x'g'kg]{ 5 .
-$_ ckn]vg ul/Psf] shf{sf] xsdf To:tf] shf{ :jLs[t x'Fbf s'g tx jf s;sf] lg0f{oaf6 :jLs[t ePsf] xf] < /
To:tf] shf{sf] ;'/If0f afkt /flvPsf] lwtf]sf] d"Nof+sg s;/L ul/Psf] xf] < ;fy}, To:tf] shf{ c;'nLsf] nflu
s] s:tf] k|of;x? ul/of] < / o;/L ckn]vgdf hfg'kgf{sf] cf}lrTotf cflb jf/] clen]vdf hgfpg'kg]{ 5 .
-%_ Ohfhtkqk|+fKt ;+:yfn] ckn]vg ul/Psf shf{sf] c;'nLsf nflu Pp6f 5'§} shf{ c;'nL OsfO{sf] :yfkgf
u/L To:tf] shf{x?sf] c;'nLsf nflu ;DjlGwt ;+:yfn] lg/Gt/ k|of; hf/L /fVg'kg]{ 5 .
-^_ Ohfhtkqk|+fKt ;+:yfn] ckn]vg u/]sf shf{x?sf] cBfjlws laa/0f 5'§} /lhi6/ v8f u/L /fVg'kg]{ 5 .
-&_ Ohfhtkqk|+fKt ;+:yfn] rfn' jif{df ckn]vg ul/Psf shf{x?sf] ljj/0f -dfly bkmf g+= $ df pNn]lvt
a'Fbfx? ;dfj]z u/L_ jflif{s k|ltj]bgdf clgjfo{ ?kn] pNn]v ug'{kg]{ 5 .
-*_ Ohfhtkqk|+fKt ;+:yfn] shf{ ckn]vg ;DaGwdf sfg'gdf :ki6?kdf Joj:yf gu/L :ki6 dfu{lgb]{zg jf
lgb]{lzsf ;d]tsf] cefjdf ldgfxf tyf ckn]vg sfo{ ubf{ lg0f{ostf{ dfly cToflws clwsf/ /xg hfg]
;DefJotfnfO{ x[bo+ud u/L ljj]sflwsf/ k|of]u x'g glbg C0f /sd ldgfxf jf ckn]vgaf6 eljiodf kg{
;Sg] k|efj ;d]tnfO{ dWogh/ /fvL ;f] ;DaGwdf :ki6 tyf kf/bzL{ gLltut Joj:yf ug'{kg]{ 5 .
-(_ Ohfhtkqk|+fKt ;+:yfn] ckn]vg ul/Psf shf{x?sf] ljj/0f cfly{s aif{ ;dfKt ePsf] ldltn] !% lbgleq
;DalGwt ;'kl/a]If0f laefu / shf{ ;"rgf s]Gb| ln= df k7fpg' kg]{5 .
(= :yfoL t/ntf ;'ljwf (SLF) ;DaGwdf .
-s_ cfˆgf] :jfldTjdf /x]sf] g]kfn ;/sf/sf] 6«]h/L ljN; / ljsf; C0fkqx¿sf] lwtf]df To:tf C0fkqx¿sf]
c+lst d"Nosf] () k|ltzt;Ddn] x'g cfpg] /sd t/ntf -shf{_ pknJw u/fpg ;lsg] 5 .
-v_ o;/L k|bfg x'g] :yfoL t/ntf ;'ljwf (SLF) sf] Jofhb/sf] ;DaGwdf ;j}eGbf kl5Nnf] (! lbg] 6«]h/L
lansf] efl/t cf}ift Jofhb/df @ k|ltzt ljGb' yk u/L sfod x'g cfpg] Jofhb/ jf ;j}eGbf kl5Nnf]
k6ssf] l/kf] sf/f]jf/df sfod ePsf] Jofhb/ dWo] h'g j9L x'G5 ;f]xL b/ sfod ug]{ . ;fy}, o;
k|of]hgsf] nflu kl5Nnf] k6ssf] l/kf] sf/f]jf/ eGgfn] a9Ldf #) lbg cl3;Ddsf] sf/f]jf/nfO{ dfq
u0fgf ul/g] 5 .
-u_ g]kfn ;/sf/sf] 6«]h/L laN; / ljsf; C0fkqsf] lwtf]df cNksfnLg :yfoL t/ntf ;'ljwf o; a}+saf6
Ohfhtkqk|fKt æsÆ, ævÆ / æuÆ ju{sf a}+s tyf ljQLo ;+:yfx?nfO{ k|bfg ul/g] 5 . o:tf] ;'ljwfdf
nufOg] k]gfn Aofhb/ # k|ltzt sfod ul/Psf] 5 . :yfoL t/ntf ;'ljwfsf] Jofhb/ u0fgf ubf{ kl5Nnf]
(!–lbg] 6«]h/L laN;sf] cf};t Aofhb/ jf ljut Ps dlxgfleqsf] kl5Nnf] l/kf] af]nsaf]n Aofhb/, h'g
clwstd 5, To;df # k|ltzt ljGb'n] k]gfn Aofhb/ yk u/]/ sfod ul/g] 5 .
!)= :jb]zL /sdfGt/sf] sf/f]af/ ;DaGwdf .
:jb]zL /sdfGt/sf] sf/f]af/ ug{ rfxg] Ohfhtkqk|fKt ævÆ / æuÆ ju{sf ljsf; a}+s tyf ljQ sDkgLx¿n]
cfkm"n] :jb]zL /sdfGt/sf] sf/f]af/ ug{ rfx]sf] Ohfhtkqk|fKt æsÆ ju{sf] jfl0fHo a}+s;+u ;xdlt
-Memorandom of Understanding_ u/L tyf Ohfhtkqk|fKt æsÆ, ævÆ / æuÆ ju{sf a}+s tyf ljQLo ;+:yfn]
cfkm\g} zfvf jf cGo Ph]G;Lx? dfkm{t :jb]zL /sdfGt/sf] sf/f]af/ ug{ rfx]df /sdfGt/ ;DaGwL ;Dk"0f{
hf]lvd æsÆ ju{sf] jfl0fHo a}+sn] axg ug]{ u/L o; a}+ssf] :jLs[ltsf] nflu cg'/f]w u/]df :jLs[lt k|bfg ug{
;lsg] 5 .
195
!!= lnvt b]jgfu/L lnkL g]kfnL efiffdf tof/ ug]{ ;DaGwdfM
a}+s tyf ljQLo ;+:yfx?n] h'g;'s} k|sf/sf] shf{ k|jfx ubf{ C0fL tyf hdfgtstf{ -JolQm÷kmd{÷sDkgL÷
;+:yf_ tyf sf/0fL -C0fL÷hdfgt lbg] ;d]t_ af6 tof/ ug]{÷u/fpg] sfuhftx? -h'g;'s} lnvt, hdfgLkq jf
dGh'/Lgfdf_ k|rlnt P]g sfg'g adf]lhd b]jgfu/L lnkL g]kfnL efiffdf tof/ ug{'kg]{ 5 . t/ ;DjlGwt a}+s
tyf ljQLo ;+:yfn] cfkm\gf] cfGtl/s k|of]hgsf] nflu To;/L g]kfnL efiffdf tof/ ul/Psf lnvtx? c+u|]hL
efiffdf cg'jfb u/L /]s8{df /fVg eg] kfOg] 5 .
of] Joj:yf ljb]zL gful/sx?;+u x'g] sf/f]jf/sf] xsdf clgjfo{ gx'g] Joj:yf ul/Psf] 5 . ;fy}, ljb]zL
a}+ls+u sf/f]jf/df dfq k|of]u x'g] lnvtx?sf] xsdf eg] -h:t}M k|lttkq_ b]jgfu/L lnkL g]kfnL efiffdf tof/
ug{ clgjfo{ ul/Psf] 5}g .
a}+s tyf ljQLo ;+:yfn] shf{;+u ;DalGwt shf{ td;'s -Loan Deed_, lwtf]aGws lnvt -Mortgage Deed_,
Hypothecation Agreement / Trust Receipt Agreement clgjfo{?kdf b]jgfu/L lnkL g]kfnL efiffdf tof/ ug'{kg]{
/ Consortium Loan Agreement, Letter of Assignment, Letter of Guarantee sf] xsdf xfnnfO{ c+u|]hL efiffdf ;d]t
tof/ ug{ ;lsg] 5 . ;fy}, oL sfuhftx?nfO{ klg qmlds ?kdf g]kfnL efiffdf tof/ ub}{ hfg] gLltut
Joj:yf ug'{kg]{ 5 .
lnvt÷hdfgLkq tof/ ubf{ hdfgL /sd, cjlw, C0fsf] k|of]hg, k|d'v C0fL, ;fIfL, hdfgtstf{sf] gfd,
7]ufgf, ;f] sf] ;gfvt nufotsf ljifox? tyf cGo k|sf/sf lnvtx?df ;d]t b]xfo adf]lhdsf ljifox?nfO{
oyf]lrt :yfgdf clgjfo{ ?kn]] pNn]v ug'{kg]{ 5 .
lnvtdf :ki6;+u pNn]v x'g'kg]{ ljifox?
• sf/0fLsf] gfd, 7]ufgf, ldlt, JolQmsf] xsdf gful/stf÷kf;kf]6{ gDa/ tyf tLg k':t],
• Dofb, cjlw, k|of]hg,
• sf/0fLsf] ;DaGwdf ;DalGwt a}+s tyf ljQLo ;+:yf4f/f ;gfvt,
• /sd,
• ;fIfL -Witness_,
• x:tfIf/ klxrfg ug]{ k|of]hgsf] nflu ;DalGwt sf/0fLsf] gfd,
• cGo cfjZos b]lvPsf ljifox? .
!@= ?= @) nfv eGbf a9Lsf] ;+:yfks z]o/ wf/0f ug]{ ;+:yfks z]o/ wgLx?sf] ljj/0f k7fpg' kg]{ .
cfly{s jif{ @)%(÷^) b]lv xfn;Dd :yfkgf e} ;+rfngdf cfPsf afl0fHo a+}s, ljsf; a}+s / ljQ
sDkgLx?sf] ?= @) nfv eGbf a9Lsf]] ;+:yfks z]o/ wf/0f ug]{ ;+:yfks z]o/ wgLx?sf] ljj/0f lgDg 9fFrfdf
cfGtl/s /fh:j ljefu, nflhDkf6df oyflzw| pknAw u/fpg' kg]{5 .
l;=g+= a}s÷ljQLo ;+:yfsf] gfd z]o/wgLsf] gfd 7]ufgf kmf]g g+= nufgLu/]sf] /sd s}lkmot

!#= ?= !) nfv eGbf a9Lsf] 3/shf{sf] ljj/0f k7fpg' kg]{ .


Ohfhtkqk|fKt ;+:Yffaf6 cfly{s jif{ @)^)÷^! kl5 xfn -ldlt @)^%÷)(÷@$_ ;Dd 3/shf{sf] ?kdf ?= bz
nfv eGbf a9L shf{ k|jfx ul/Psf JolQmx?sf] gfd gfd];L tyf shf{ /sd ;d]t v'nfO{ oyflz3| cfGtl/s
/fh:j ljefu, nflhDkf6df pknAw u/fpg' kg]{5 .
!$= Electronic payment sf] ;DaGwdf .
OG6/g]6, df]jfO{n, ljleGg k|sf/sf sf8{ -Card_ tyf cGo O{n]S6«f]lgs e'StfgL k|0ffnL -Electronic payment_ sf]
dfWodaf6 vl/b ul/Psf a:t' tyf ;]jfsf] e'StfgL ug]{ k|of]hgsf nflu O{R5's sDkgLn] k|rlnt P]g sfg'g
tyf lgDg zt{x?sf] clwgdf /xL Electronic payment sf] dfWodaf6 e'StfgL ;DaGwL sfo{ ug{ ;lsg] 5 .
-s_ ljb]zL d'b|fdf x'g] sf/f]jf/ ug{ gkfO{g] / ;DalGwt sDkgLsf] cfkm\gf] k|jGwkq÷lgodfjnLdf o; k|s[ltsf]
sfo{ ug{ ;Sg] p2]Zo :ki6 pNn]v ePsf] x'g'kg]{ .
-v_ o:tf] k|sf/sf] sfo{ ;+rfng ug{ cfjZos ;Dk"0f{ ef}lts k"jf{wf/sf] Joj:yf ;DalGwt sDkgLn] u/]sf]
x'g'kg]{ .
-u_ o:tf] sfo{ ug]{ sDkgL / o; a}+saf6 Ohfhtkqk|fKt æsÆ ju{sf] s'g} afl0fHo a}+s jf /fli6«o :t/sf]
ævÆ ju{sf] s'g} ljsf; a}+sjLr ;Demf}tf jf Memorandum of Understanding ePsf] x'gkg]{ .

196
-3_ To:tf] ;Demf}tf jf Memorandum of Understanding df cfjZos cGo ljifox?sf cltl/Qm lj:t[t ?kdf
e'StfgL k|s[of tyf sfo{ljlw :ki6;+u v'nfPsf] x'g'kg]{ .
-ª_ o; k|of]hgsf nflu To:tf] sDkgLn] ;Demf}tf u/]sf] æsÆ ju{sf] afl0fHo a}+s jf /fli6«o:t/sf] ævÆ
ju{sf] ljsf; a}+sdf Pp6f 5'§} Non-operative vftf vf]Ng' kg]{ / To:tf] vftfdf u|fxsx?af6 ;+sng x'g]
/sd ;f]em} hDdf ug'{kg]{ .
-r_ vl/b ul/Psf a:t' tyf ;]jfsf] e'StfgL kfpg] ;DaGwLt kIf -Beneficiary_ nfO{ e'StfgL lbg] k|of]hgsf
nflu / ;Demf}tfdf pNn]v ePcg';f/ sf/f]jf/af6 x'g] cfDbfgL÷vr{sf] lx;fj ldnfg ug]{ k|of]hgsf
nflu afx]s cGo k|of]hgsf nflu To:tf] Non-operative vftfaf6 vr{ ug{ gkfO{g] .
!^= SWIFT Message sf] dfWodaf6 /sdfGt/ ug{ ;DaGwdf .
SWIFT (Society for Worldwide Interbank Financial Telecommunication) k|lalw h8fg u/]sf a}+s tyf ljQLo
;+:yfx?n] SWIFT Message sf] dfWodaf6 o; a}+s;+u sf/f]jf/ ubf{ b]xfo adf]lhd ul/Psf] 5 .
s= o:tf] sf/f]jf/sf nflu cfOtaf/b]lv laxLaf/;Dd ck/fGx @M)) jh];Dd /sdfGt/sf] nflu cg'/f]w eO{
cfPdf ;f]xL lbg /sdfGt/ ul/g] .
v= ck/fGx @M)) jh] kl5 /sdfGt/sf] nflu cg'/f]w eO{ cfPsf] cj:yfdf ;f] lbg kl5sf] csf]{ sfo{lbgdf
/sdfGt/ ul/g] .
u= z'qmaf/ lbgsf] !!M#) jh];Dd /sdfGt/sf] nflu cg'/f]w e} cfPdf ;f]xL lbg /sdfGt/ ul/g] .
3= z'qmaf/ lbgsf] !!M#) jh] kl5 /sdfGt/sf] nflu cg'/f]w eO{ cfPsf] cj:yfdf ;f] lbg kl5sf] csf]{
sfo{lbgdf /sdfGt/ ul/g] .
!&= a}+sb/ -Bank Rate_ ;DaGwdfM
cGt/a}+s / v'nf ahf/ tyf :yfoL t/ntf ;'ljwfaf6 cfjZos t/ntf cfk"lt{ x'g g;s]sf] cj:yfdf o;
a}+sdf vftf /x]sf jfl0fHo a}+s tyf ljQLo ;+:yfnfO{ a9Ldf ^ dlxgfsf] nflu k|rlnt a}+sb/df clGtd
C0fbftf ;'ljwf lbOg] Joj:yf ul/Psf] / o; a}+sdf clgjfo{ df}Hbft sfod ug{sf] nflu /fv]sf] gub
df}Hbft, g]kfn ;/sf/sf] ;'/If0fkq / c;n shf{sf] lwtf]df o:tf] ;'ljwf k|bfg ul/g] 5 .
!*= lgof{t k'gs{hf{b/ -Export Re-financing Rate_ ;DaGwdfM
g]kfnL d'b|fdf k|jfx x'g] lgof{t k'gs{hf{b/ nfO{ ;fljssf] @=% k|ltztaf6 36fO{ @=) k|ltzt sfod ul/Psf] 5 .
jfl0fHo a}+sx¿n] of] ;'ljwf pkof]u u/L ;DalGwt C0fLnfO{ C0f k|jfx ubf{ %=) k|ltzt eGbf a9L Aofh lng
kfpg] 5}gg\ .
!(= cfo;|f]t -Income Source_ ;DaGwdfM
h'g;'s} k|of]hgsf] nflu kF"[hL j[l4 ug]{ ;Gbe{df a}+s tyf ljQLo ;+:yfsf ;+:yfks÷;+:yfks ;d"xsf] z]o/
vl/b ubf{ ;+:yfks z]o/wgLx¿n] tf]lsPsf] 9fFrfdf -a}+s÷ljQLo ;+:yf ;+:yfkgf Pj+ ljQLo sf/f]jf/ ug{]
Ohfhtkq ;DjGwL gLltut Pj+ k|s[ofut Aoj:yfM @)^# sf] ;+zf]lwt cg';"rL # sf] a'Fbf g+= !^ sf] ljj/0f_
nufgL x'g] /sdsf] cfo;|f]t;DaGwL ljj/0f clgjfo{ ¿kdf k]z ug'{kg]{ 5 . ;f] sf] clen]v ;DalGwt a}+s
tyf ljQLo ;+:yfn] cBfjlws u/L /fVg'kg]{ tyf ;f] ;DaGwL ;Dk"0f{ clen]vsf] k|ltlnlk o; a}+ssf] a}+s tyf
ljQLo ;+:yf lgodg ljefudf ;d]t k]z ug'{kg]{ 5 .
@)= k|fljlws ;]jf -Technical Service_ ljb]zL a}+s tyf ljQLo ;+:yfx?nfO{ k|bfg ug{ ;lsg] ;DaGwdf .
g]kfnaf6 ljb]zdf k+"hLut nufgL ug]{ u/L k+"hL vftf v'Nnf gul/Ptf klg o; a}+saf6 Ohfhtkqk|fKt æsÆ
ju{sf jfl0fHo a}+sx?n] cfkm\gf] k|aGwkqdf o; a}+ssf] k"j{l:js[lt lnO{ ljb]zdf k+"hLut nufgL gx'g] u/L
u}¥x sf]ifdf cfwfl/t ljleGg k|fljlws ;]jf -Technical Service_ ljb]zL a}+s tyf ljQLo ;+:yfx?nfO{ k|bfg
ug{ ;lsg] 5 .
@!= ;]km l8kf]lh6 eN6, ns/ ;]jf ;+rfng ;DaGwdf .
Ohfhtkqk|fKt /fli6«o:t/sf] æuÆ ju{sf ljQLo ;+:yfn] ;]km l8kf]lh6 eN6, ns/ ;]jf -Safe Deposit Vault,
Locker Service_ pknAw u/fpFbf b]xfo adf]lhdsf] zt{x?sf] clwgdf /xL ;+rfng ug{;Sg] 5g\ .
!= ;+:yfsf] r'Qmf k'FhL o; a}+sn] tf]s] adf]lhd k'u]sf] x'g' kg]{ -xfnsf] nflu ?=@) s/f]8 / ?=#) s/f]8_ .
@= ;+:yfsf] ;]km l8kf]lh6 eN6 ;Grfngsf] nflu 5'§} lgb]{lzsf÷ljlgod x'g'kg]]{ .
#= ;+:yfn] cfk"m;+u lgIf]k / shf{sf] sf/f]jf/ u/]sf cfkm\gf u|fxsx?nfO{ dfq ;]km l8kf]lh6 eN6sf] ;]jf
pknJw u/fpg' kg]{ .

197
$= ;]km l8kf]lh6 eN6 ;Grfng ug'{ cufj} ;'/Iffsf] nflu CCTV h8fg x'g'kg]{ ;fy} cnfd{ k4lt -Alarm
System) sf] Joj:yf u/L ;f] cnfd{ k4ltaf6 ;/sf/L ;'/Iff lgsfo;Dd ;"rgf k|jfx ug{ ;lsg]
lsl;dsf] Joj:yf clgjfo{ ?kdf x'g'kg]{ / ;f]sf] hfgsf/L o; a}+snfO{ lbg'kg]{ .
%= ;fOhsf] cfwf/df ;]km l8kf]lh6 eN6sf] juL{s/0f u/L ;f]xL cg'?k clgjfo{ jLdf u/]sf] x'g'kg]{ .
@@= lnnfdL ubf{ :jfldTj tyf ef]uflwsf/ x:tfGt/0f ;DaGwdf
Ohfhtkqk|fKt ;+:yfn] af]nsjf]nsf] dfWodaf6 lwtf] lnnfdL -Auction_ ubf{ ;DalGwt af]nsjf]njfnf
-Bidder_ JolQm jf ;+:yfsf] gfddf g} pQm ;DklQsf] :jfldTj tyf ef]uflwsf/ -Ownership & Possession_
x:tfGt/0f ug'{kg]{ 5 .
@#= ;fwf/0f÷;+:yfks z]o/x? hkmt ug]{ ;DaGwdf .
o; a}+saf6 Ohfhtkqk|fKt ;+:yfx?sf] ;fwf/0f z]o/ tyf ;+:yfks z]o/df sf/jfxLdf k/]sf JolQm /
lghsf] Psf3/ kl/jf/n] nufgL u/]sf] cj:yfdf To:tf ;fwf/0f÷;+:yfks z]o/x? hkmt u/L lnnfd ug]{ /
To;/L k|fKt x'g cfpg] /sd shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug{kg]{ 5 .
@$= a}+s tyf ljQLo ;+:yfaf6 shf{ lnO{ C0f gltg]{ C0fLx?nfO{ sf/jfxL ug]{ ;DaGwdf .
g]kfn ;/sf/ -dGqL:t/Lo_ sf] ldlt @)^#.!).@( sf] lg0f{ofg';f/ ?= % s/f]8eGbf a9L ;fjfF /sd C0f lnO{
o;} kq ;fy ;+nUg tLg k':t] gfd / 7]ufgf ;lxtsf] ;"rLdf pNn]lvt C0fL tyf C0f;+u ;DalGwt
JolQmx?nfO{ b]xfo adf]lhdsf] sf/jfxL ul/Psf] .
-s_ lghx?sf] gfddf hf/L ePsf] /fxbfgL hkmt ug]{ / gofF hf/L ug{ /f]s nufpg] .
-v_ lghx?nfO{ sDkgL P]g cGtu{t btf{ ePsf jf x'g] s'g} klg sDkgLsf] ;~rfns x'g /f]s nufpg] .
-u_ lghx?sf] :jfldTjdf /x]sf] s'g} klg rn÷crn ;DklQ /f]Ssf /fVg] .
-3_ lghx?af6 ;/sf/L ;'/If0fkqx?df ePsf] nufgL hkmt u/L lnnfd ug]{ / To;/L k|fKt x'g cfpg] /sd
shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ .
g]kfn ;/sf/sf] lgb]{zfg';f/ k|:t't ;"rLdf k/]sf C0fLx?nfO{ ul/Psf] sf/jfxLsf] hfgsf/L u/fpg] Joj:yf ug{
tyf sf/jfxLdf k/]sf C0fLn] C0f e'Qmfg jf k'g;+/rgf / k'gtflnsLs/0f u/]df ;DalGwt a}+sn] ;DalGwt
C0fLnfO{ ;fljsdf u/]sf] sf/jfxL lkmtf{ ug{ t'?Gt kxn ug{ ;d]t ;DalGwt a}+sx?nfO{ hfgsf/L u/fO
;lsPsf] 5 .
;fy}, g]kfn ;/sf/ cy{ dGqfno, cf=sf=lj= tyf gL=lj= dxfzfvfsf] k=;+= @)^#÷^$ r=g+=^%! ldlt
@)^#.!!.!! sf] kqaf6 g]kfn ;/sf/ -d+=k=_ sf] lg0f{ofg';f/ sf/jfxLdf k/]sf ;+nUg ;"rL cg';f/sf C0fL
/ C0fL;+u ;DalGwt JolQmx?sf] :jfldTjdf /x]sf] s"g} klg rn ;DklQ /f]Ssf /fVg cfjZos Joj:yfsf]
nflu cg'/f]w e} cfPsf] x'Fbf ;j} Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?af6 b]xfo cg';f/ ug{[' x'g cg'/f]w
ub{5' .
-s_ C0fL / C0fL;+u ;DalGwt JolQmx?nfO{ ;a} lsl;dsf lgIf]k -:jb]zL tyf ljb]zL_ sf] e'QmfgLdf /f]s
nufpg] .
-v_ C0fL / C0fL;+u ;DalGwt JolQmx?nfO{ k|bfg ul/Psf] ns/ ;'ljwf cg';f/ ns/df /flvPsf ;a} ;+klQ
/f]Ssf /fVg] .
@%= a}+s tyf ljQLo ;+:yfaf6 shf{ lnO{ C0f gltg]{ C0fLx?nfO{ sf/jfxL ug]{ ;DaGwdf .
g]kfn ;/sf/ -dGqL:t/Lo_ sf] ldlt @)^$.$.* sf] lg0f{ofg';f/ ?= % s/f]8eGbf a9L ;fjfF /sd C0f lnO{
o;} kq ;fy ;+nUg tLg k':t] gfd / 7]ufgf ;lxtsf] ;"rLdf pNn]lvt C0fL tyf C0f;+u ;DalGwt
JolQmx?nfO{ b]xfo adf]lhdsf] sf/jfxL ul/Psf] .
-s_ lghx?sf] gfddf hf/L ePsf] /fxbfgL hkmt ug]{ / gofF hf/L ug{ /f]s nufpg] .
-v_ lghx?nfO{ sDkgL P]g cGtu{t btf{ ePsf jf x'g] s'g} klg sDkgLsf] ;~rfns x'g /f]s nufpg] .
-u_ C0f ltg]{ k|of]hgsf nflu afx]s lghx?sf] :jfldTjdf /x]sf] s'g} klg rn÷crn ;DklQ /f]Ssf
/fVg] .
-3_ C0f ltg]{ k|of]hgsf nflu afx]s lghx?sf] :jfldTjdf /x]sf] z]o/sf] vl/b ljqmL /f]Ssf /fVg] .
-ª_ lghx?af6 ;/sf/L ;'/If0fkqx?df ePsf] nufgL hkmt u/L lnnfd ug]{ / To;/L k|fKt x'g cfpg]
/sd shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ .
o; a}+ssf] kq ;+Vof a}+ljlglj.gLlt.kl/kq.@@.)^#.^$ ldlt @)^#.!!.!% sf] kq;fy ;+nUg ljj/0fdf
pNn]lvt JolQmx? a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf %& sf] pkbkmf -!@_ adf]lhd g]kfn
198
;/sf/sf] lg0f{ofg';f/ sf/jfxLdf kl/;s]sf JolQmx?dWo] klg sltko JolQmx? ljleGg a}+s tyf ljQLo
;+:yfx?af6 ;d]t sf/jfxLsf nflu l;kmfl/; e} cfPsf] x'Fbf lghx? pk/ sf/jfxLsf nflu k'gM l;kmfl/;
gul/Psf] .
ctM o;k6s sf/jfxLdf k/]sf tyf o; cl3 sf/jfxLdf k/]sf C0fLn] C0f e'QmfgL jf k"g{;+/rgf÷
k'g{tflnsLs/0f u/]df ;DalGwt a}+sn] ;DalGwt C0fLnfO{ ;fljsdf u/]sf sf/jfxL lkmtf{ ug{ t'?Gt kxn
ug]{ / pQm Joj:yf cGtu{t tL C0fLnfO{ ul/Psf sf/jfxL lkmtf{sf nflu g]kfn ;/sf/nfO{ l;kmfl/; ug'{
cl3 h'g h'g a}+sx?af6 sf/jfxLsf nflu l;kmfl/; ul/Psf] xf] tL ;a} a}+sx?af6 sf/jfxL lkmtf{sf nflu
l;kmfl/; ug'{kg]{ Joj:yf ul/Psf] / s'g} Ps a}+saf6 To:tf] sf/jfxL lkmtf{sf nflu l;kmfl/; ePsf] v08df
;DalGwt cGo a}+sx?af6 ;d]t ;f]sf] PsLg u/L sf/jfxL lkmtf{sf nflu g]kfn ;/sf/ ;dIf cg'/f]w ul/g]
Joj:yf ul/Psf] .
;fy}, g]kfn ;/sf/ cy{ dGqfno, cf=sf=lj= tyf gL=lj= dxfzfvfsf] k=;+= @)^$÷^% r=g+= $* ldlt
@)^$.$.!) sf] kqaf6 g]kfn ;/sf/ -d+=k=_ sf] lg0f{ofg';f/ sf/jfxLdf k/]sf ;+nUg cg';"rL @)=#
cg';f/sf C0fL / C0fL;+u ;DalGwt JolQmx?sf] :jfldTjdf /x]sf] s'g} klg rn÷crn ;DklQ /f]Ssf /fVg
cfjZos Joj:yfsf] nflu cg'/f]w e} cfPsf] x'Fbf ;j} Ohfhtkqk|fKt a}+s tyf ljQLo ;+:yfx?af6 b]xfo
cg';f/ ug{['÷u/fpg' x'g .
-s_ C0f ltg]{ k|of]hgsf nflu afx]s C0fL / C0fL;+u ;DalGwt JolQmx?nfO{ ;a} lsl;dsf lgIf]k
-:jb]zL tyf ljb]zL_ sf] e'QmfgLdf /f]s nufpg] .
-v_ C0fL / C0fL;+u ;DalGwt JolQmx?nfO{ k|bfg ul/Psf] ns/ ;'ljwf cg';f/ ns/df /flvPsf ;a}
;DklQ /f]Ssf /fVg] .
@^= a}+s tyf ljQLo ;+:yfaf6 shf{ lnO{ C0f gltg]{ C0fLx?sf] /fxbfgL /f]Ssf tyf hkmt ug]{ nufotsf
sf/jfxLsf ;DaGwdf .
o;} lgb]{zg g+= !@ sf] a'Fbf g+= !* df pNn]v eP adf]lhd g]kfn ;/sf/ -dlGqkl/ifb\_ sf] ldlt @)^#.*.@(
sf] lg0f{ofg';f/ ;fFjf C0f ?= kfFr s/f]8 eGbf a9L lnPsfx? dWo]af6 ;a}eGbf a9L C0f lng] C0fLx?nfO{
k|fyldstfsf] cfwf/df ;DalGwt a}+sn] qmdzM sf/jfxL cuf8L a9fpg] Joj:yf ePsf] Joxf]/f ;d]t txfFnfO{
cjut g} 5 .
;f]xL adf]lhd ljleGg a}+s tyf ljQLo ;+:yfx?af6 a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf %&
sf] pkbkmf -!@_ adf]lhdsf] sf/jfxLsf nflu o; a}+s ;dIf l;kmfl/; e} cfPsf] tyf o; a}+ssf] /fo
l;kmfl/; ;lxt g]kfn ;/sf/nfO{ cg'/f]w ul/Psf] / g]kfn ;/sf/af6 k6s k6s u/L !!@ hgf JolQmx?
pk/ sf/jfxL e} ;s]sf] af/] o; a}+ssf] kq;+Vof a}+=lj=lg=lj=÷gLlt÷kl/kq÷@)÷)^#÷^$ ldlt 2063/11/
15 tyf kq;+Vof a}+=lj=lg=lj=÷gLlt÷kl/kq÷$÷)^$÷^% ldlt 2064/4/15 sf kqx?af6 cjut u/fO{
;lsPsf] .
s]xL a}+s tyf ljQLo ;+:yfx?af6 C0f -;fFjf tyf Jofh_ ?= % s/f]8eGbf sd t/ ?= ! s/f]8eGbf a9Ln]
efvf gf3L C0f c;"n pk/ x'g g;sL a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# sf] bkmf %& sf] pkbkmf -
!@_ adf]lhdsf] sf/jfxLsf nflu o; a}+s ;dIf l;kmfl/; e} cfPsf]df g]kfn ;/sf/ ;dIf To:tf C0fL tyf
hdfgtstf{x? pk/ ;d]t cfjZos sf/jfxL ug]{ Joj:yf ug{sf nflu cg'/f]w ul/Psf]df cy{dGqfnosf]
ldlt @)^$.$.!) sf] kqaf6 g]kfn ;/sf/ -dlGqkl/ifb\_ sf] ldlt @)^#.*.@( sf] lg0f{ofg';f/ ?= %
s/f]8eGbf dflysf] xsdf sf/jfxL afFsL eP gePsf] hfgsf/L dfu ePsf] / ;f] hfgsf/L k|fKt ePkl5
clu|d sf/jfxL ug{ dgfl;j x'g] eGg] Joxf]/f hfgsf/L x'g cfPsf] x'Fbf To; a}+s÷ljQLo ;+:yfaf6 ;fFjf C0f
?= % s/f]8eGbf a9L lnO{ C0f gltg]{ C0fL tyf hdfgtstf{x? pk/ ug'{kg]{ sf/jfxL ug{ afFsL /x]sf] cj:yf
5÷5}g\ ;f]sf] hfgsf/L of] kq k|fKt ePsf] ldltn] & lbg leq hfgsf/L u/fpg' x'gsf ;fy} To:tf] sf/jfxL
ug'{kg]{ cj:yf ePdf tf]lsP adf]lhdsf] ljj/0f tof/ u/L cfjZos sfuhft;lxt sf/jfxLsf] l;kmfl/;
;lxt k]z ug'{ x'g .
@&= sf/jfxL km's'jf ul/Psf] ;DaGwdf .
o; a}+ssf] kq;+Vof a}+=lj=lg=lj=÷gLlt÷kl/kq÷@@÷)^#÷^$ ldlt 2063/11/15 sf] kl/kqdf pNn]lvt ;fFjf
C0f ?= kfFr s/f]8 eGbf a9L lnPsf *) C0fLx?nfO{ sf/jfxLsf] nflu n]lv k7fOPsf] dWo] g]kfn ;/sf/,
cy{ dGqfno, cf=sf=lj= tyf gL=lj= dxfzfvfsf] k=;+= @)^$÷^% r=g+= d'=j} . C0f . %^ ldlt
@)^$÷$÷!$ / k=;+= @)^$÷^% r=g+= d'=j} . C0f . c ! ldlt @)^$÷$÷@! sf kqx?af6 b]xfo
adf]lhdsf ^ hgf JolQmx?nfO{ g]kfn ;/sf/, cy{ dGqfnosf] -;lrj :t/sf]_ ldlt @)^$.$.!! sf]
lg0f{ofg';f/ pQm ldlt @)^#.!!.!% sf] kl/kqaf6 tkl;ndf pNn]v ul/Psf] sf/jfxL km's'jf ul/Psf] .
199
l;=g+= sf/jfxL km's'jfdf k/]sf 7]ufgf afa'sf] gfd afh]sf] gfd
JolQmsf] gfd
1. /fh s'df/ cu|jfn jL/u~h p=d=g=kf=–!# agj/Lnfn cu|jfn x/{ofgbf; cu|jfn
2. ;'/]z s'df/ cu|jfn jL/u~h p=d=g=kf=–!# agj/Lnfn cu|jfn x/{ofgbf; cu|jfn
3. ;'l;n s'df/ cu|jfn jL/u~h p=d=g=kf=–!# agj/Lnfn cu|jfn x/{ofgbf; cu|jfn
4. ;'af]w s'df/ cu|jfn jL/u~h p=d=g=kf=–!# agj/Lnfn cu|jfn x/{ofgbf; cu|jfn
5. ;lGbk s'df/ cu|jfn jL/u~h p=d=g=kf=–!# /fh s'df/ cu|jfn agj/Lnfn cu|jfn
6. /fx'n s'df/ cu|jfn jL/u~h p=d=g=kf=–!# /fh s'df/ cu|jfn agj/Lnfn cu|jfn
tkl;nsf sf/jfxLx? .
-s_ ;/sf/L jf ;+ul7t ;fj{hlgs lgsfodf lj1÷k/fdz{bftf nufot ;fj{hlgs lhDj]bf/Lsf cf]xbf tyf
/fhg}lts lgo'lQmsf kbx?df lgo'Qm gug]{ / lgo'Qm eO{ sfo{/t /x]sf 5g eg] kbjf6 tTsfn
cjsf; lbg] .
-v_ dfg kbjL ;Ddfg jf /fHoaf6 lbOg] s'g} klg lsl;dsf] ;'ljwf jf ;x'lnot k|bfg gug]{ .
-u_ ;~rfns x'g /f]s nufpg] .
-3_ rn crn ;DklQ /f]Ssf /fVg] .
-ª_ ;/sf/L ;'/If0f kqdf ePsf] nufgL hkmt ug]{ .
-r_ /fxbfgL hkmt tyf /f]Ssf ug]{ .
pk/f]Qm ^ hgf JolQmx?nfO{ o; a}+ssf] k=;+=a}=lj=lg=lj=÷gLlt÷kl/kq÷@@÷)^#÷^$ldlt M @)^#÷!!÷!% sf]
kqdf pNn]v eP adf]lhdsf b]xfo cg';f/sf sf/jfxLx? klg oyflz3| km's'jf ug'{÷u/fpg' x'g cg'/f]w ub{5' .
-s_ C0fL / C0fL;+u ;DalGwt JolQmx?nfO{ ;a} lsl;dsf lgIf]k -:jb]zL tyf ljb]zL_ sf] e'QmfgLdf /f]s
nufpg] .
-v_ C0fL / C0fL;+u ;DalGwt JolQmx?nfO{ k|bfg ul/Psf] ns/ ;'ljwf cg';f/ ns/df /flvPsf ;a} ;DklQ
/f]Ssf /fVg] .
@*= sfnf];"rLsf C0fLx?nfO{ ul/g] sf/jfxL af/] .
a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# tyf g]kfn ;/sf/ -dlGq:t/_ af6 ldlt @)^%.!).@( sf] lg0f{o cg';f/
a}+s tyf ljQLo ;+:yfx?;+u shf{ lnO{ lgotj; C0f gltg]{ tklzndf pNn]lvt JolStx?sf] ;DaGwdf b]xfo
adf]lhdsf] sf/jfxLsf nflu g]kfn ;/sf/ -;lrj :t/_ ldlt @)^^.!.!$ sf] lg0f{ofg';f/ hfgsf/L Pj+ cfjZos
sfof{y{ cg'/f]w .
-!_ C0fL / C0f;+u ;DalGwt JolQmx?nfO{ ;a} lsl;dsf lgIf]k -:jb]zL tyf ljb]zL_ sf] e'QmfgLdf /f]s nufO{
To:tf] lgIf]k /sd a}+s÷ljQLo ;+:yfsf] shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ / lghx?nfO{ k|bfg
ul/Psf] ns/ ;'ljwf cg';f/ ns/df /flvPsf ;a} ;DkQL /f]Ssf /fVg] .
-@_ o; a}+saf6 Ohfhtkqk|fKt a}+s÷ljQLo ;+:yfx?sf] ;+:yfks z]o/df sf/jfxLdf k/]sf JolQm / lghsf]
Psf3/ kl/jf/n] nufgL u/]sf] cj:yfdf To:tf] ;+:yfks z]o/x? hkmt u/L lnnfd ug]{ / To;/L k|fKt x'g
cfpg] /sd shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ .
-#_ a}+s tyf ljQLo ;+:yfx?af6 To:tf C0fLx?sf] gfddf hf/L ul/Psf] 8]la6 sf8{, qm]l86 sf8{ h:tf
;'ljwfx? tTsfn /f]Ssf /fVg] .
tklzn
a}+s tyf ljQLo ;+:yfaf6 shf{ lnO{ C0f gltg]{ C0fLx?sf] ;"rL
a}+ssf] gfd C0fL C0fLsf] gfd C0f;+u 7]ufgf afa'sf] gfd afh]sf] gfd
;d"xsf] ;DalGwt
gfd JolQmsf] gfd
g]kfn u+ufw/d s6g a}s'07 nfld5fg] lrtjg lhNnf /Tggu/ s[i0f u+ufw/
P;lacfO{ P08 6]l/ g=kf= j8f g+= # nfld5fg] nfld5fg]
a}+s lnld6]8 km]lj|S; k|f=ln=
gljn a}+s g]sf]g g]sf]g Po/ d's'Gb eQm >]i7 /]8qm; dfu{, sflndf6L, lji0f' eQm a'l4 gf/fo0f
lnld6]8 Po/ lnld6]8 sf7df8f}+ !# >]i7 >]i7
lnld6]8 ljgf]b axfb'/ >]i7 emlD;v]n, nlntk'/ h'4 axfb'/ >]i7 nfn axfb'/ >]i7
;fy}, dfly pNn]lvt C0fLx? / lghsf Psf3/ kl/jf/n] ;/sf/L ;'[/If0f kqx?df u/]sf] nufgL hkmt u/L lnnfd
ug]{ / To;/L k|fKt x'g cfpg] /sd shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ lg0f{o ePsf]n] pk/f]Qm adf]lhdsf
200
C0fL tyf lghsf Psf3/ kl/jf/n] ;/sf/L ;'/If0f kqx?df u/]sf] nufgL hkmt u/L lnnfd ug{ / To;/L k|fKt x'g
cfpg] /sd shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug{ cfjZos Joj:yfsf] nflu o; a}+ssf] /fi6« C0f Joj:yfkg
ljefu;+u ;dGjo u/L sfof{Gjog ug'{ x'g ;d]t cg'/f]w 5 .
@(= sf/jfxL km's'jf ul/Psf] ;DaGwdfM
a}+s tyf ljQLo ;+:yfx?jf6 C0f lnO{ lgotj; C0f gltg]{ C0fLx? pk/ g]kfn ;/sf/4f/f ljleGg ldltdf ul/Psf]
sf/jfxLdf k/]sf b]xfodf plNnlvt C0fLx?sf] sf/jfxL g]kfn ;/sf/4f/f km's'jf ug]{ lg0{fo ePsf] x'Fbf cfjZos
hfgsf/L Pj+ sfof{y{ cg'/f]w .
km's'jf
;DjlGwt
ePsf] C0fLsf] gfd 7]ufgf afj'sf] gfd afh]sf] gfd lni6
a}+s
ldlt
2064÷4 g]kfn /fhs'df/ cu|jfn la/u~h pdgkf !# agjf/L nfn cu|jfn x/{ofg bf; cu|jfn klxnf]
÷11 a}+s ;'/]zs'df/ cu|jfn la/u~h pdgkf !# agjf/L nfn cu|jfn x/{ofg bf; cu|jfn lni6
lnld6]8 ;'l;ns'df/ cu|jfn la/u~h pdgkf !# agjf/L nfn cu|jfn x/{ofg bf; cu|jfn
;'af]ws'df/ cu||jfn la/u~h pdgkf !# agjf/L nfn cu|jfn x/{ofg bf; cu|jfn
;GbLks'df/ cu|jfn la/u~h pdgkf !# /fhs'df/ cu|jfn agjf/L nfn cu|jfn
/fx'ns'df/ cu|jfn la/u~h pdgkf !# /fhs'df/ cu|jfn agjf/L nfn cu|jfn
s[lif bf]>f]
2064÷7 zf/bf;bg, sdnfbL,
ljsf; lbjz ljqmd zfx k|fKt gePsf] k|fKt gePsf] lni6
÷16 sf7df08f}+
a}+s ln=
2065÷11 g]kfn d}qb]j kf7s sdnkf]v/L, sf7df08f}+ uf]ljGbb]j kf7s s'nb]j kf7s klxnf]
÷1 a}+s k|lj0fb]j kf7s sdnkf]v/L, sf7df08f}+ zfGtb]j kf7s d}qb]j kf7s lni6
lnld6]8
zfGtb]j kf7s sdnkf]v/L, sf7df08f}+ d}qb]j kf7s uf]ljGbb]j kf7s
sdnkf]v/L, sf7df08f}+ uf]ljGbb]j kf7s
>Ldlt ljdnfb]jL kf7s d}qb]j kf7s->Ldfg_
-;;'/f_
2065÷12 /fli6«o lhNnf slknj:t', s[i0fgu/ klxnf]
jL/]Gb|s'df/ sgf}l8of cf]dk|sfz sgf}l8of /fd]Zj/nfn sgf}l8of
÷30 afl0fHo g=kf=, j8f g+= % lni6
a}+s lhNnf slknj:t', s[i0fgu/
cf]dk|sfz sgf}l8of /fd]Zj/nfn sgf}l8of
lnld6]8 g=kf=, j8f g+= %
#)= :ki6 ul/Psf] ;DaGwdf .
o; a}+sjf6 ldlt @)^%÷!!÷)^ df hf/L ePsf] k=;+=a}=lj=lg=lj=÷gLlt÷kl/kq÷#@÷)^%÷^^ sf] j'bf+ g+= !
df æC0fL / C0f;+u ;DalGwt JolQmx?nfO{ ;a} lsl;dsf lgIf]k -:jb]zL tyf ljb]zL_ sf] e'QmfgLdf /f]s
nufO{ To:tf] lgIf]k /sd a}+s÷ljQLo ;+:yfsf] shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ / lghx?nfO{
k|bfg ul/Psf] ns/ ;'ljwf cg';f/ ns/df /flvPsf ;a} ;DkQL /f]Ssf /fVg]Æ eGg] Joj:yfnfO{ lgDg
adf]lhd :ki6 ul/Psf] .
æC0fL / C0f;+u ;DalGwt JolQmx?nfO{ ;a} lsl;dsf lgIf]k -:jb]zL tyf ljb]zL_ sf] e'QmfgLdf /f]s nufO{
To:tf] lgIf]k /sd a}+s÷ljQLo ;+:yfsf] shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ / lghx?nfO{ k|bfg
ul/Psf] ns/ ;'ljwf cg';f/ ns/df /flvPsf ;a} ;DkQL /f]Ssf /fVg]Æ t/ kmd{÷sDkgLsf xsdf b]xfosf]
zt{df o; a}+ssf] a}=lj=lg=lj=÷gLlt÷kl/kq÷#@÷)^%÷^^ ldlt @)^%÷!!÷)^ df ;+nUg lni6df pNn]v
gePsf kmd{÷sDkgLx?nfO{ pk/f]Qmfg';f/sf] sf/jfxL ug{ gkg]{ .
zt{M
;DjlGwt kmd{÷sDkgLsf] ljqmLjf6 k|fKt x'g] k|To]s sf/f]jf/sf] Go"gtd % k|ltzt /sd sf/f]jf/ x'g] a}+s jf
ljQLo ;+:yfdf Escrow Account vf]ln /fVg'kg]{, To:tf] vftfsf] lhDd]jf/L vftf ;+rfng ug]{ a}+s jf
ljQLo ;+:yfdf /xg] / ;f] /sd sDkgLsf] cg'/f]wdf cfjZostfg';f/ h'g a}+s tyf ljQLo ;+:yfdf shf{
/x]sf] 5, pQm shf{ e'QmfgLdf clgjfo{ ?kdf pkof]u ug'{kg]{ .
#!= a}+s tyf ljQLo ;+:yfaf6 shf{ lnO{ C0f gltg]{ C0fLx?nfO{ ul/Psf] sf/jfxLsf ;DaGwdf
a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)^# tyf g]kfn ;/sf/ -dlGqkl/ifb\_ sf] ldlt @)^%.!).@( sf]
lg0f{ofg';f/ a}+s tyf ljQLo ;+:yfx?;+u shf{ lnO{ lgotj; C0f gltg]{ o;};fy ;+nUg ;"lrdf pNn]lvt
JolStx?sf] ;DaGwdf lgDglnlvt sf/jfxL cl3 a9fpg] lg0f{o ePsf]n] hfgsf/L Pj+ cfjZos sfof{y{
cg'/f]w .

201
-!_ C0fL / C0f;+u ;DalGwt JolQmx?nfO{ ;a} lsl;dsf lgIf]k -:jb]zL tyf ljb]zL_ sf] e'QmfgLdf /f]s
nufO{ To:tf] lgIf]k /sd a}+s÷ljQLo ;+:yfsf] shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ /
lghx?nfO{ k|bfg ul/Psf] ns/ ;'ljwf cg';f/ ns/df /flvPsf ;a} ;DkQL /f]Ssf /fVg] .
-@_ o; a}+saf6 Ohfhtkqk|fKt a}+s÷ljQLo ;+:yfx?sf] ;+:yfks z]o/df sf/jfxLdf k/]sf JolQm / lghsf]
Psf3/ kl/jf/n] nufgL u/]sf] cj:yfdf To:tf] ;+:yfks z]o/x? hkmt u/L lnnfd ug]{ / To;/L k|fKt
x'g cfpg] /sd shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{ .
-#_ a}+s tyf ljQLo ;+:yfx?af6 To:tf C0fLx?sf] gfddf hf/L ul/Psf] 8]la6 sf8{, qm]l86 sf8{ h:tf
;'ljwfx? tTsfn /f]Ssf /fVg] Joj:yf ug]{ .
;fy}, o;};fy ;+nUg ;"lrdf pNn]lvt C0fLx? / lghsf Psf3/ kl/jf/n] ;/sf/L ;'[/If0f kqx?df u/]sf]
nufgL hkmt u/L lnnfd ug]{ / To;/L k|fKt x'g cfpg] /sd shf{ r'Qmf ug]{ k|of]hgsf nflu pkof]u ug]{
lg0f{o ePsf]n] ;+nUg ;"rLdf tLgk':t] gfd / 7]ufgf pNn]v ePsf C0fL tyf lghsf Psf3/ kl/jf/n]
;/sf/L ;'/If0f kqx?df u/]sf] nufgL hkmt u/L lnnfd ug{ / To;/L k|fKt x'g cfpg] /sd shf{ r'Qmf ug]{
k|of]hgsf nflu pkof]u ug{ cfjZos Joj:yfsf] nflu ;d]t n]vL cfPsf] x'Fbf ;f] ;DaGwdf o; a}+ssf] /fi6«
C0f Joj:yfkg ljefu;+u ;dGjo u/L sfof{Gjog ug'{ x'g ;d]t cg'/f]w .
#@= sf/jfxL km's'jf ul/Psf] ;DaGwdfM
a}+s tyf ljQLo ;+:yfx?jf6 C0f lnO{ lgotj; C0f gltg]{ C0fLx? pk/ g]kfn ;/sf/4f/f ul/Psf]
sf/jfxLdf k/]sf /fli6«o afl0fHo a}+s ln= ;+u ;DalGwt b]xfodf plNnlvt C0fLx? pk/ ul/Psf] sf/jfxL
g]kfn ;/sf/ -df= dGqL:t/_ sf] ldlt @)^^÷#÷$ sf] lg0f{ofg';f/ km's'jf ePsf] x'Fbf cfjZos hfgsf/L Pj+
sfof{y{ cg'/f]w ub{5' .
l;=g+= C0fL C0fL tyf C0fL;Fu 7]ufgf afa'sf] gfd afh]sf] gfd
;d"xsf] gfd ;DalGwt JolQmsf] gfd
!= lxdfnog >L df]xg axfb'/ zfxL zf]efu[x, sdnfbL pHjn axfb'/ O{Zj/ axfb'/
@= a|'c/L ln= >L uf]kfn axfb'/ zfxL zfxL ;bg, l8NnLjhf/ pHjn axfb'/ O{Zj/ axfb'/
#= >L k|sfz axfb'/ zfxL zfxL ;bg, l8NnLjhf/ pHjn axfb'/ O{Zj/ axfb'/
##= vf/]hL / arfp
-!_ o; a}+saf6 o;cl3 hf/L ul/Psf b]xfosf lgb]{zgx? vf/]h ul/Psf] 5 M–
-s_ k=;+= a}=lj=lg=lj=÷of]÷a}+s÷kl/kq÷!÷)^@÷^# ldlt @)^@.%.# sf] kl/kq .
-v_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷&÷)^@.^# ldlt @)^@.!@.# sf] kl/kq .
-u_ k=;+= a}+=lj=lg=lj=÷gLlt÷kl/kq÷!%÷)^#÷^$ dlt @)^#.&.@( sf] kl/kq .
-3_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!(÷)^#.)^$ ldlt @)^#.(.!* sf] kl/kq .
-ª_ k=;+= a}+=lj=lg=lj=÷gLlt÷kl/kq÷@!÷)^#÷^$ ldlt @)^#.!).@# sf] a'Fbf g+= @ .
-r_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@*÷)^#÷^$ ldlt @)^$÷#÷% sf] kl/kq .
-5_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#÷)^$÷^% ldlt @)^$÷$÷!# sf] kl/kqsf] a'Fbf g+= ! / @ .
-h_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷(÷)^$÷^% ldlt @)^$÷%÷!) sf] kl/kq .
-em_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!)÷)^$÷^% ldlt @)^$.%.@$ sf] kl/kq .
-`_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!!÷)^$÷^% ldlt @)^$÷^÷$ sf] kl/kq .
-6_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!@÷)^$÷^% ldlt @)^$÷^÷!) sf] kl/kq .
-7_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!^÷)^$÷^% ldlt @)^$÷^÷@& sf] kl/kq .
-8_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!(÷)^$÷^% ldlt @)^$÷*÷!^ sf] v08 æsÆ .
-9_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@)÷)^$÷^% ldlt @)^$÷(÷# sf] kl/kq .
-0f_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@%÷)^$÷^% ldlt @)^$÷!)÷!) sf] kl/kqsf] a'Fbf g+= ævÆ / æuÆ .
-t_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@*÷)^$÷^% ldlt @)^$÷!!÷! sf] kl/kq .
-y_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#!÷)^$÷^% ldlt @)^$÷!@÷# sf] kl/kq .
-b_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#*÷)^$÷^% ldlt @)^%÷)@÷@) sf] kl/kq .
-w_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@)÷)^%÷^^ ldlt @)^%÷*÷@ sf] kl/kqsf] a'Fbf g+= @ .
-g_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@*÷)^%÷^^ ldlt @)^%÷!)÷!& sf] kl/kq .
-k_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#&÷)^%÷^^ ldlt @)^^÷!÷@ sf] kl/kqsf] a'Fbf g+= # .
-km_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!%÷)^%÷^% ldlt @)^%÷^÷!( sf] kl/kq .
202
-a_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@&÷)^%÷^^ ldlt @)^%÷!)÷@ sf] kl/kqsf] a'Fbf g+= $ .
-e_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷@^÷)^%÷^^ ldlt @)^%÷)(÷@$ sf] kl/kq .
-d_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷(÷)^%÷^^ ldlt @)^%÷)%÷!^ sf] kl/kq .
-o_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷*÷)^%÷^^ ldlt @)^%÷)%÷!^ sf] kl/kq .
-/_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!@÷)^%÷^^ ldltM @)^%÷)^÷)% sf] kl/kq .
-j_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#)÷)^%÷^^ ldlt @)^%÷!)÷@* sf] kl/kq .
-z_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷!$÷)^%÷^^ ldlt @)^%÷)^÷!& sf] kl/kqsf] a'Fbf g+= !, #, $ / ^ .
-if_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#!÷)^%÷^^ ldlt @)^%÷!!÷^ sf] kl/kqsf] a'Fbf g+= # .
-;_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#^÷)^%÷^^ ldlt @)^%÷!@÷!@ sf] kl/kqsf] a'Fbf g+= ! .
-x_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#(÷)^%÷^^ ldlt @)^^÷!÷& sf] kl/kqsf] a'Fbf g+= ! / @ .
-If_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷ @@÷)^#÷^$ ldlt @)^#÷!!÷!% sf] kl/kq .
-q_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷$÷)^$÷^% ldlt @)^$÷$÷!% sf] kl/kq .
-1_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷%÷)^$÷^% ldlt @)^$÷$÷!^ sf] kl/kq .
-ss_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷$^÷)^%÷^^ ldlt @)^^÷@÷!( sf] a'Fbf g+= v / 3 .
-sv_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷^÷)^$÷^% ldlt @)^$÷$÷@@ sf] kl/kq .
-su_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷$!÷)^%÷^^ ldlt @)^^÷!÷@@ sf] kl/kq .
-s3_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷$$÷)^%÷^^ ldlt @)^^÷)@÷! sf] kl/kq .
-sª_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#%÷)^%÷^^ ldlt @)^%÷!@÷)@
-sr_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#$÷)^%÷^^ ldlt @)^%÷!!÷@% sf] kl/kq .
-s5_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷%!÷)^%÷^^ ldltM @)^^÷)#÷@^
-sh_ k=;+= a}=lj=lg=lj=÷gLlt÷kl/kq÷#@÷)^%÷^^ ldlt @)^%÷!!÷)^ sf] kl/kq .
-@_ pkbkmf -!_ adf]lhd vf/]h ul/Psf] lgb]{zg adf]lhd eP u/]sf sfd sf/jfxL o;} lgb]{zg adf]lhd eP
u/]sf] dflgg]5 .

203
cg';"rL @)=!
Tamil Rehabilitation Organization -TRO_

According to he U.S. Treasury announcement, "the following entities [with address as stated] have
been added to Office of Foreign Assets Control (OFAC)'s Specially Designated Ntionals (SDN list):

TAMILS REHABILITATION ORGANISATION (a.k.a. ORGANISATION DE REHABILITATION


TAMOULE; a.k.a. ORGANISATION PRE LA REHABILITATION TAMIL; a.k.a. ORGANIZZAZIONE
PER LA RIABILITAZIONE DEI TAMIL; a.k.a. ORT FRANCE; a.k.a. TAMIL REHABILITATION
ORGANIZATION; a.k.a. TAMIL REHABILITERINGS ORGANISASJONEN; a.k.a.TAMILISCHE
REHABILITATION ORGANISATION; a.k.a.TAMILS REHABILITATION ORGANIZATION;
a.k.a.TAMILSK REHABILITERINGS ORGANISASJON; a.k.a.TRO; a.k.a.TRO DANMARK;
a.k.a.TRO ITALIA; a.k.a.TRO NORGE; a.k.a.TRO SCHWEIZ; a.k.a.TSUNAMI RELIEF FUND
COLOMBO, SRI LANKA; a.k.a.WHITE PIGEON; a.k.a.WHITEPIGEON), 2390 Eglington Avenue
East, Suite 203A, Toronto, Ontario MIK 2P5, Canada; 26 Rue du Department, Paris 75018,
France, Via Dantc 210, Palenno 90141, Italy; Address Unknown, Belgium, Langelinie 2A, St, TV
1079, Vejile 7100, Denmark; Address Unknown, Finland; Postfach 2018, Emmenbrucke 6021,
Switzerland; Tribscheastri, 51, Luccrene 6005, Switzerland; 8 Gereini - CRT, Wheelers Hill 3150,
Australia, Box 4254, Knox City, VIC 3152, Australia; Vociklinger Str. 8, Wupperial 42285, Germany
Grallolaum 45, BM landgrsaf 6373, Netherlands; M.G.R. Lemmens,str o9, BM Landgraff 6373,
Nethrlands; Warburgstr, 15, Wupperial 40080, Germany P.O. Box 4742, Sofienberg, Oslo 0505,
Norway; Box 44, tumtoa 14721, Sweden; 356 Barkers Road, Hawthorn, victoria 3122, Australia,
P.O. Box 10267, Dominion Road, Aukland, New Zealand; 371 Dominion Road, Mt. Eden, Aukland,
New Zealand; Address Unknown, Durban, South Africa; No. 6 Jalan 6/2, Petaling Jaya 46000,
Malaysia; 517 Old Town Road, Cumberland, MI) 21502; 1079 Garratt Lane, London SW17 OLN,
United Kingdom, 410/12 Buller Street, Buddhaloga Mawatha, Colombo 7, Sri Lanka; Kaodasamy
Koviladi, Kandy Road (A9 Road), Kilinochchi, Sri Lanka; 254 Jaffna Road, Kilinochchi, Sri Lanka;
Ananthapuram, Krlinochchi, Sri Lanka; 41C/412 Bullers Road, Colombo / Sri Lanka, 75/4 Barnes
Place, Colombo 7, Sri Lanka; No. 9 Main Street, Mannar, Sri Lanka; No. 69 Kalikovil Road,
Kurumankadu, Vavuniya, Sri Lanka; 9/1 Saradha Street, Trincomalee, Sri Lanka, Arasaditivu
Kokkadicholai, Batticaloa, Sri Lanka; Ragama Road Akkaraipattu-07, Amparai, Sri Lanka;
Paranthan Road, Kaiveli Puthukkudiyiruppu, Mullaitivu, Sri Lanka; Address Unknown, Vaharai, Sri
Lanka; Registration ID 50706 (Sri Lanka); alt. Registration ID 6205 (Australia); alt. Registration 1D
50706 (Sri Lanka); alt. Registration ID 6205 (Australia); alt. Registration ID 1107434 (United
Kingdom); alt. Registration ID D4025482 (United States); alt. Registration ID 802401-0962
(Sweden); Tax ID No. 52-1943868 (United States) [SDGT]"

204
cg';"rL @)=@

LONG FORM AUDIT REPORT


Of
………………….…………………. LIMITED

For the year ended ….. Ashad 206…

(Corresponding to …..July 200…)

Auditor:
…………………………………
M/s …………………………………
……………………….

205
1. AUDIT APPROACH
1.1 Brief description of the Audit plan with focus on the following areas, at minimum:
• Declaration of Independence of Audit Firm and Members
• Standards followed
• Composition of the audit team
• Audit schedule
1.2 Brief description of the Audit process and procedures
• Audit areas' Risk Assessment
• Audit procedures adapted to mitigate identified Audit Risks
• Quality control mechanism
1.3 Brief description of the Sampling Procedure and sample size
• Sampling methodology
• Sample size
• Use of system based approaches
1.4 Remarks on the execution of audit plan
• Execution of audit and the audit plan
• Problems encountered during the audit, if any
• Limitations of scope of Audit, if any.
2. RISK MANAGEMENT SYSTEMS
Opinion on the following:
2.1 Credit Risk Management Systems
2.1.1 Brief description and comment on the adequacy of credit appraisal systems,
2.1.2 Brief description and comment on the adequacy of credit monitoring systems,
2.1.3 Brief description and comment on the adequacy of the credit recovery systems,
2.1.4 Adequacy of Policies and procedure for Write off of Loans,
2.1.5 Adequacy of Policies, guidelines and Controls over Off Balance Sheet Items.
2.1.6 Comment on the concentrations in the credit and investment portfolio,
2.1.7 Risk Management Committees and their effectiveness,
2.1.8 Overall audit opinion on Credit risk management.
2.2 Market Risk (Interest Rate, Liquidity and Foreign Exchange) Management Systems
2.2.1 Adequacy of policies, procedures and guidelines for the market risk management.
2.2.2 Adequacy of the system for measuring, monitoring and mitigation of Market risk.
2.2.3 Risk Management Committees and their effectiveness
2.2.4 Overall audit opinion on Market & liquidity risk management.
2.3 Operational Risk Management System
2.3.1 Adequacy of policies, procedures and guidelines for the Operational risk management.
2.3.2 Adequacy of the system for measuring, monitoring and mitigation of Operational Risk.
2.3.3 Risk Management Committees and their effectiveness
2.3.4 Overall audit opinion on Operational risk management.
3. INTERNAL CONTROL SYSTEMS
Opinion on the following areas:
3.1 Effectiveness of the Audit committee
3.2 Effectiveness of the Internal Audit Function
3.3 Rectification of the deficiencies identified in the previous internal and external audit reports
3.4 Adequacy of the controls in Credit operations
3.5 Adequacy of the controls in Treasury operations
3.6 Adequacy of the controls in Branch operations
3.7 Adequacy of control over Nostro Bank Operations
3.8 Adequacy of the controls in procedures related to expenditure
3.9 Adequacy of the control over fixed assets.
3.10 Adequacy of the Management Information System (MIS)
3.11 Adequacy of controls over e-banking and Card Operations
3.12 Adequacy of controls in Information Technology and related support functions.
206
3.13 Effectiveness of the Inter-branch and agency Reconciliation function
3.14 Adequacy of controls to prevent and/or minimize Fraud and forgeries
3.15 Instances of Fraud and Forgery in the review period
3.16 Other Control Issues, if any
3.17 Auditors overall assessment of the internal control system
4. COMPLIANCE WITH APPLICABLE RULES AND REGULATIONS
Prevailing Statute, Act, Directive and Regulation, at minimum, in the following areas
4.1 Nepal Rastra Bank Act 2058
State whether the conditions as stipulated in Section 86 of Nepal Rastra Bank Act 2058 prevails, if
yes please specify.
4.2 Bank and Financial Institution Act 2063
4.2.1 Whether fees and benefits of Chairman and board members are as specified in
AOA/MOA
4.2.2 Appointment, qualification and benefits of the chief executive
4.2.3 Profit Appropriation to General Reserve
4.2.4 Appropriation to Exchange Fluctuation Reserve
4.2.5 Distribution of Dividend
4.2.6 Whether the activities are within the scope as defined by BAFIA?
4.2.7 Whether prohibited activities are being pursued?
4.2.8 Control & notification of dormant deposit accounts and unclaimed dividend
4.3 Foreign Exchange Rules and Regulations
4.3.1 Whether payments of goods imported and invisible import are made as per circulars.
4.3.2 Whether deposit accounts of foreign currency are opened and operated as per circulars.
4.3.3 Whether card transactions are done as per circulars.
4.3.4 Whether foreign exchange transactions are properly recorded and reported in a timely
manner.
4.3.5 Whether investment in foreign currency are made as per standard approved by the Board
of Directors.
4.3.6 Whether payments of exports are received and reported timely as per circulars.
4.3.7 Whether transactions of Indian currency are made as per circulars.
4.4 Capital fund (Directive No. 1)
4.4.1 Computation of Core Capital, Supplementary Capital and Capital Fund
4.4.2 Computation of Risk Weighted Assets
4.4.3 Comment on the Capital Plan
4.4.4 Overall opinion on capital adequacy
4.5 Loan Classification and Loan Loss Provisioning (Directive No.2)
4.5.1 Comment on the Assets Quality and Classification
4.5.2 Adequacy of Loan Loss Provisions
4.5.3 Whether the rescheduling/restructuring comply with the provisions of the directive
4.5.4 Loan Loss Provisions in case of restructuring and rescheduling of loans
4.5.5 Loan Classification and loan loss provision in respect of force loans
4.5.6 Loan Classification and loan loss provision in respect of loan against personal/corporate
guarantees
4.5.7 Whether the adjustment and Write back of loan loss provision comply with the provisions
of the directive
4.5.8 Overall opinion on Loan classification & provisioning
4.6 Single Obligor Limit (Directive No.3)
4.6.1 Bank's procedures to identify a group of borrowers
4.6.2 Comment on the Facilities in excess of Single Obligor Limits, if any
4.6.3 Loan Loss Provision in case of borrowers availing facilities in excess of the SOL
4.6.4 Review and ratification mechanisms for excessive exposures in respect of sectoral credit.
4.7 Presentation and Disclosure in the Financial Statement (Directive No.4)
4.7.1 Comment on the Consistency of the Accounting Policies and financial reporting framework.
4.7.2 Recognition of interest income from loans and advances
4.7.3 Reconciliation of Interest Receivable and Interest Suspense
207
4.7.4 Recognition of other interest, fees and commission and expenses.
4.7.5 Publication of annual accounts and periodical highlights
4.7.6 Non-compliance/deviations in accounting policies followed as compared to prescribed
accounting policies by NRB/Nepal Accounting Standard
4.8 Risk Minimization (Directive No 5)
4.8.1 Mechanisms to minimize liquidity risk
4.8.2 Use of GAP Analysis and other mechanisms to measure and manage interest rate risk
4.8.3 Mechanisms to minimize foreign exchange risk
4.9 Corporate Governance (Directive No.6)
4.9.1 Formulation and implementation of required plans, policies and guidelines
4.9.2 Code of conduct of Directors, Chief Executive and Employees
4.9.3 Cases of conflict of interest of Directors, Chief Executive and Employees
4.9.4 Mechanism to identify related parties promoters, directors or senior management.
4.9.5 Lending to directors, chief executive, employees (except as per employee rules) and their
related parties, if any
4.10 Implementation of Supervisory Findings (Directive No.7)
Auditor's finding on the status of compliance of directions given by NRB based on its onsite
and offsite supervision.
4.11 Investments in Shares and Debentures (Directive No.8)
4.11.1 Investments in unlisted companies
4.11.2 Investment in companies with financial interest
4.11.3 Investment in shares of other bank/FIs
4.11.4 Investments arising out of Underwriting Commitments
4.11.5 Investment in shares and debentures exceeding the limits
4.11.6 Review of the investment portfolio
4.11.7 Adequacy of Provisioning requirements
4.12 Reporting Requirements (directive No.9)
Comment upon the reliability of mechanism used for NRB reporting and the accuracy of such
returns
4.13 Sale or Transfer of Promoters Share (Directive No. 10)
4.13.1 Sale or transfer against the statutory requirements
4.13.2 Sale or pledge of promoter shares, during the lock-in period
4.13.3 Where the promoter of the Bank is an entity, unauthorized transfer of ownership of
such entity
4.14 Consortium Financing (Directive No.11)
4.14.1 Formation and dissolution of consortium
4.14.2 Fulfillment of the specified duties of lead bank/member bank, where applicable.
4.14.3 Frequency of consortium meetings where it is lead bank/FI
4.14.4 Adherence to the spirits of consortium
4.15 Credit Information and Blacklisting (Directive No.12)
4.15.1 Periodic Submission of information to CIC
4.15.2 Mechanism to obtain required information from borrowers
4.15.3 Credit Information at the time of sanction/renewal/restructuring/rescheduling of
facilities
4.15.4 Recommending defaulted borrower to the CIC for blacklisting
4.15.5 Lending to individual/firm/company included in the blacklist
4.16 Cash Reserve Requirement (Directive No. 13)
Comment on any exceptions on the maintenance of CRR as stipulated by the directive
4.17 Branch/Office Operation (Directive No. 14)
4.17.1 Unauthorized branches/offices/extension counters/remittance counters
4.17.2 Unauthorized transactions
4.18 Interest Rates (directive No. 15)
4.18.1 Interest rate determination procedures
4.18.2 Publication of interest rates
4.19 Mobilization of Financial Resources (Directive No. 16)
208
4.19.1 Concentration of deposits
4.19.2 Resource mobilization beyond the limit
4.19.3 Issuance of debenture and other debt instruments
4.20 Deprived Sector Lending (Directive No.17)
4.20.1 Comment on the exceptions observed in the deprived sector lending
4.20.2 Whether the loans classified as deprived sector lending meet the stipulated pre-requisite
conditions
4.20.3 Monitoring mechanism for utilization of deprived sector lending on a half yearly basis
4.21 Compliance with internal rules, regulations and guidelines
Comment on the overall state of compliance with the internal rules, regulations and guidelines.
5. OTHERS
5.1 Whether guarantees and all other contingent liabilities are properly recorded and disclosed
5.2 Whether banks have entered into any contracts with related parties including the promoters,
directors, shareholders holding more than 1% and their undivided family
5.3 KYC norms formulated and followed by the banks
5.4 Compliance of pre-requisite conditions for Purchase of fixed assets
5.5 Any comments or issues, which the auditor feels appropriate to be communicated to the supervisor
and is not covered by the above.
6. CONCLUSION
6.1 Type of Audit opinion expressed in the final audit Report
6.1.1 Unqualified
6.1.2 Qualified
6.1.3 Disclaimer
6.1.4 Adverse
6.2 Main reason for the qualified, disclaimer or adverse opinion on the financial statement produced, where
applicable.
6.3 Areas of operation where it is exposed to excessive risk
6.4 The risk areas where bank/FI has not been able to properly address these risks
6.4 Comment on the Major Problems faced by the Bank/FI
6.5 Overall opinion of the auditor on the operation and financial standing of the bank/FI

209
cg';"rL @)=#
cl3Nnf jif{x?df sf/jfxLdf k/]sf % s/f]8 jf ;f] eGbf j9Lsf] C0f gltg]{x?sf] tLgk':t] gfd / 7]ufgf -klxnf] lni6_
a}+ssf] gfd l;= C0fL tyf C0f;+u ;DalGwt JolQmsf] 7]ufgf afa'sf] gfd afh]sf] gfd
g+= gfd
g]kfn a}+s 1. lko'if axfb'/ cdfTo O{Gb|rf]s (.$&& s[i0f axfb'/ cdfTo rGb|axfb'/ cdfTo
lnld6]8 -lxdfnog a}+s ;d]t_ sf7df08f}+
2. >LdtL u+uf cdfTo O{Gb|rf]s (.$&& lko'if axfb'/ cdfTo s[i0f axfb'/ cdfTo
sf7df08f}+ -klt_ -;;'/f_
3. ljgf]b axfb'/ cdfTo O{Gb|rf]s (.$&& s[i0f axfb'/ cdfTo rGb|axfb'/ cdfTo
-lxdfnog a}+s ;d]t_ sf7df08f}+
4. >LdtL ;~h' cdfTo O{Gb|rf]s (.$&& lko'if axfb'/ cdfTo s[i0f axfb'/ cdfTo
sf7df08f}+
5. bdg axfb'/ cdfTo O{Gb|rf]s (.$&& s[i0f axfb'/ cdfTo rGb|axfb'/ cdfTo
-lxdfnog a}+s ;d]t_ sf7df08f}+
6. lx/]Gb| axfb'/ cdfTo O{Gb|rf]s (.$&& s[i0f axfb'/ cdfTo rGb|axfb'/ cdfTo
-lxdfnog a}+s ;d]t_ sf7df08f}+
7. s[i0f axfb'/ cdfTo O{Gb|rf]s (.$&& rGb|axfb'/ cdfTo k|fKt gePsf]
sf7df08f}+
8. /f]lxt k|;fb >]i7 a'6jn ^, ?kGb]xL nfnk|;fb >]i7 x/Lk|;fb >]i7
9. nfn k|;fb >]i7 a'6jn ^, ?kGb]xL x/Lk|;fb >]i7 bzgf/fo0f >]i7
10. /lxz k|;fb >]i7 a'6jn ^, ?kGb]xL nfnk|;fb >]i7 x/Lk|;fb >]i7
11. ;f]ljt k|;fb >]i7 a'6jn ^, ?kGb]xL nfnk|;fb >]i7 x/Lk|;fb >]i7
12. nIdLk|;fb cfrfo{ emfkf, xfn sf7df08f} #@, gGbnfn cfrfo{ xl/nfn cfrfo{
3§]s'nf]
13. e/t/fh sf]O{/fnf df]/Ë av/L, xfn uf]kfn k|;fb sf]O{/fnf p4j k|;fb sf]O{/fnf
sf7df08f} #@ 3§]s'nf]
14. lr/GhLjL cfrfo{ emfkf, u/fdlg * gGbnfn cfrfo{ xl/nfn cfrfo{
15. s[i0f k|;fb n'O{6]n l;Gw'nL, xfn sf7df08f}, t]h k|;fb n'O{6]n nf]sgfy n'O{6]n
;t'Ën &
16. df]tL k|;fb pk|]tL sf7df08f}+ $, w'Djf/fxL lji0f' k|;fb pk|]tL 5ljnfn pk|]tL
17. ?b| k|;fb e§/fO{ df]/Ë /fh3f6 * g/ktL e§/fO{ bTt' kfWofo e§/fO{
18. cRo't k|;fb l/hfn lrtjg, ;f}/fxf, xfn xl/nfn l/hfn pdfgfy l/hfn
sf7df08f}+ & rfjlxn
19. df]xg zfxgL g]kfnu~h %, afFs] s0f{ axfb'/ zfxgL d0fL /fd zfxgL
20. ljgf]b zfxL -v8uL_ sf7df08f}+ @$, lx/fdfg zfxL nIdLgf/fo0f zfxL
ef}l;sf]6f]n
21. dgf]h s'df/ kl08t nlntk'/ !$ lzj axfb'/ kl08t g/ axfb'/ kl08t If]qL
22. b'uf{bQ kf08]o sf7df08f}+ $, dxf/fhu~h l4h /fh kf08]o efn rGb| kf08]o
23. x]df zfxL hf]zL sf7df08f}+ !$, s'n]Zj/ cfgGb aNne hf]zL b'uf{bQ kf08] -klt_
24. k|sfz /fgf sf7df08f}+ *, eb|sfnL u0f]z axfb'/ /fgf /fh axfb'/ /fgf
rknL
25. k'?iff]Qd e§ kf08] sf7df08f}+ !$, anaxfb'/ e§ If]qL g/axfb'/ e§ If]qL
26. ljBf kl/of/ sf7df08f}+ !&, If]qkf6L e'G6] kl/of/ uf]/] kl/of/
27. k|lbk /Tg t'nfw/ sf7df08f}+ @&, c;g lbJo/Tg t'nfw/ cfzf /Tg t'nfw/
28. zflGt >]i7 sf7df08f}+ !@, 6]s' uf]ljGb dfg hf]zL lgdf{0f hf]zL
29. s0f{aL/ l;x+ pk/sf]6L a'sf]6, uf]/vf a'l4dfg l;x+ pk/sf]6L la/dfg l;x+ pk/sf]6L
30. lji0f' k|;fb yfkf sf7df08f}+ !^, afnfh' sfn' yfkf /fd yfkf
31. u'9 /fh ;'a]bL sf7df08f}+ $, ljzfngu/ lji0f' k|;fb ;'j]bL kbd nfn ;'j]bL
32. Clif /fd l3ld/] eQmk'/ ljZjgfy l3ld/] O{Zj/L k|;fb l3ld/]
33. d+ut'/fd cu|jfn -/f=jf=a}+s ;d]t_ lj/f6gu/, df]/Ë xg'dfg aS; cu|jfn k|fKt gePsf]
34. s[i0f s'df/ cu|jfn -/f=jf=a}+s ;d]t_ lj/f6gu/, df]/Ë d+ut'/fd cu|jfn xg'dfg aS; cu|jfn
35. ;'jf]w s'df/ cu|jfn -/f=jf=a}+s ;d]t_ lj/f6gu/, df]/Ë d+ut'/fd cu|jfn xg'dfg aS; cu|jfn
36. ;'/]z s'df/ cu|jfn -/f=jf=a}+s ;d]t_ lj/f6gu/, df]/Ë d+ut'/fd cu|jfn xg'dfg aS; cu|jfn
37. laho k|;fb nf]xgL sf7df08f}+ #%, sf]6]Zj/ lji0f' k|;fb nf]xgL ?b| k|;fb nf]xgL
38. dx]Gb| k|;fb utf}{nf Uff}/Lu+h *, emfkf dxfgGb utf}{nf df]ltZj/ utf}{nf
39. s]zj k|;fb e§/fO{ uf}zfnf &, dxf]Q/L d's'Gb k|;fb e§/fO{ /ljnfn e§/fO{
40. nId0f s]=;L= sf7df08f}+ !) wg axfb'/ s]=l;= -If]qL_ x]d axfb'/ s]=l;=
41. >LdtL sNkgf nf]xgL sf7df08f}+ #%, sf]6]Zj/ ljho k|;fb nf]xgL lji0f' k|;fb nf]xgL
->Ldfg_ -;;'/f_
42. lg/~hg s'df/ ;/fkm uf}zfnf /f]8, 306f3/, ljZj df]xg ;/fkm /fd cjtf/ /fd ;f]g/
la/u~h

210
43. ;l/tf s'df/L ;/fkm uf}zfnf /f]8, 306f3/, ljZj df]xg ;/fkm /fd cjtf/ /fd ;f]g/
la/u~h
44. ;f/wf s'df/L ;/fkm uf}zfnf /f]8, 306f3/, ljZj df]xg ;/fkm /fd cjtf/ /fd ;f]g/
la/u~h
45. clgn s'df/ hl6of gS;fn !, sf7df08f}+ rpyfdn hl6of ;'e s/0f hl6of
46. k'ikf b]lj hl6of gS;fn !, sf7df08f}+ rpyfdn hl6of ;'e s/0f hl6of
->Ldfg_ -;;'/f_
47. /d]z s'df/ hl6of gS;fn !, sf7df08f}+ rpyfdn hl6of ;'e s/0f hl6of
48. ;'lgn s'df/ hl6of gS;fn !, sf7df08f}+ rpyfdn hl6of ;'e s/0f hl6of
/fli6«o 49. bfdf]b/ k|;fb cu|jfn lj/f6gu/ * df]/Ë d+ut'/fd cu|jfn xg'dfg aS; cu|jfn
jfl0fHo a}+s 50. gf/fo0f k|;fb cu|jfn lj/f6gu/ * df]/Ë d+ut'/fd cu|jfn xg'dfg aS; cu|jfn
51. la/]Gb| s'df/ sgf}l8of slknj:t' g=kf= s[i0fgu/, cf]dk|sfz sgf}l8of /fd]Zj/nfn sgf}l8of
jf=g+=%
52. cf]dk|sfz sgf}l8of slknj:t' g=kf= s[i0fgu/, /fd]Zj/nfn sgf}l8of
jf=g+=%
53. ljho s'df/ h'g]hf Go" lbNnL !!))@) sflZd/Lnfn h'g]hf js{t/fd
54. lbjfs/ rGb sf=d=g=kf= !# 5fpgL h+u axfb'/ rGb wfgL rGb
55. /hgL rGb sf=d=g=kf= !# 5fpgL lzj/tg b]j l;+x hutb]j l;+x
56. s';'d h'g]hf Go" lbNnL !!))@) sflZd/Lnfn h'g]hf js{t/fd
57. ljj]s rGb sf=d=g=kf= !# 5fpgL lbjfs/ rGb h+uaxfb'/ rGb
58. O{Gb|;]g cu|jfn lj/f6gu/ # k|Nnfb /fo cu|jfn efO{wg bf;
59. ljgf]b s'df/ cu|jfn lj/f6gu/ # k|Nnfb /fo cu|jfn efO{wg bf;
60. >LdtL zlz cu|jfn lj/f6gu/ # O{Gb|;]g cu|jfn k|Nnfb /fo cu|jfn
61. ljkLg cu|jfn sf=d=g=kf= ( jlQ;k'tnL dxflj/ k|;fb cu|jfn hulbz k|;fb cu|jfn
glan a}+s 62. bLkdl0f /fhe08f/L sfnwf/f, sf7df08f}+ !^ O{Gb|dl0f /fhe08f/L k"0f{nfn /fhe08f/L
lnld6]8 63. /ljGb| >]i7 w'Daf/flx, sf7df08f}+ $ uf]/v axfb'/ >]i7 o1 axfb'/ >]i7
lxdfnog 64. huGgfy k|;fb ;f]gf/ k;f{ @, jL/u~h /fd cjtf/ zfx nfn lszg zfx
a}+s 65. lht]Gb| l8= e§ Px]dbfafb, ef/t
lnld6]8
g]kfn 66. dx]z s'df/ cu|jfn -n'lDagL a}+s Emfkf, eb|k'/ g=kf= j8f g+= df]xg nfn cu|jfn ;To gf/fo0f cu|jfn
O08li6«on ;d]t_ $
P08 67. df]xg nfn cu|jfn -n'lDagL a}+s ;d]t_ Emfkf, eb|k'/ g=kf= j8f g+= ;To gf/fo0f cu|jfn u0f]z bf;
sdlz{on $
a}+s 68. ;'/]z s'df/ cu|jfn -n'lDagL a}+s Emfkf, eb|k'/ g=kf= j8f df]xg nfn cu|jfn ;To gf/fo0f cu|jfn
lnld6]8 ;d]t_ g+= $
n'lDagL a}+s 69. leiddfg >]i7 sf7df8f}+ g=kf= @* dy'/f dfg >]i7 ;d'Gb|dfg >]i7
lnld6]8 70. ;+uLtf lqkf7L sf7df8f}+ g=kf= @@ k"0f{ k|;fb lqkf7L÷z]if b]jL k|;fb
k|;fb -afa'_

cl3Nnf jif{x?df sf/jfxLdf k/]sf % s/f]8 jf ;f] eGbf j9Lsf] C0f gltg]{x?sf] tLgk':t] gfd / 7]ufgf -bf]>f] lni6_
a}+ssf] gfd l;=g+= C0fL ;d"xsf] gfd C0fL tyf C0f;+u 7]ufgf afa'sf] gfd afh]sf] gfd
;DalGwt JolQmsf] gfd
/fli6«o 1. Bf}ln;tL ufd]{06 ;'jf; s'df/ ;/f{km sf=d=g=kf=@#, ljzfngu/ l;tf/fd ;/f{km v];Lbf; ;/f{km
afl0fHo a}+s O{i8li6«h
lnld6]8 2. dxfnIdL ufd]{06 j[h uf]kfn O{gf0fL g/l;+x s'Gh, afg]Zj/ g/l;Fxnfn df]xg uf]kfn O{gf0fL
O{gf0fL
3. Go" ldQn ;d"x /]0f' s'df/L ldQn uf}/ ! /f}tx6 df]xgnfn ldQn- gf}/u ldQn
df8jf/L_
4. lji0f' s'df/L ldQn uf}/ ! /f}tx6 df]xgnfn ldQn gf}/u ldQn
-df8jf/L_
5. >LdtL aljtf ldQn uf}/ ! /f}tx6 /fhlszf]/ ldQn df]xgnfn ldQn
6. /fh]Gb| s'df/ cu|jfn lj=p=d=g=kf=* r]t/fd cu|jfn ljxf/Lnfn cu|jfn
7. >LdtL ;'wf cu|jfn lj=p=d=g=kf=* /fh]Gb| s'df/ r]t/fd cu|jfn
cu|jfn
8. nf]s/fh ldQn uf}/ ! /f}tx6 df]xgnfn ldQn gf}/u ldQn
-df8jf/L_
9. h]=lk= ;d'x ;'/]Gb| s'df/ ;/f{km lj=p=d=g=kf= & ;/f{km hu/gfy k|;fb ls;g nfn ;fx
dfs]{6 ;f]gf/ ;f]gf/
10. lxdfnog a'|c/L df]xg axfb'/ zfxL zf]efu[x sdnfbL pHHn axfb'/ O{Zj/ axfb'/
11. uf]kfn axfb'/ zfxL zfxL ;bg l8NnLahf/ pHHn axfb'/ O{Zj/ axfb'/
12. k|sfz axfb'/ zfxL zfxL ;bg l8NnLahf/ pHHn axfb'/ O{Zj/ axfb'/

211
a}+ssf] gfd l;=g+= C0fL ;d"xsf] gfd C0fL tyf C0f;+u 7]ufgf afa'sf] gfd afh]sf] gfd
;DalGwt JolQmsf] gfd
a}+s ckm 13. ;'/fgf u|'k lg/h s'df/ ;'/fgf sfdgkf gS;fn–! nfnrGb ;'/fgf hjfx/dn ;'/fgf
sf7df08"
lnld6]8
g]kfn 14. Pg=lj= ufd]{G6;\ s[i0f/fh hf]zL j8f g+= !) afg]Zj/ xfO{6 vu]Gb| /fh hf]zL
j+unfb]z k|f=ln= sf7df08f}
a}+s 15. s}nfz /fh hf]zL j8f g+= !) afg]Zj/ xfO{6 s[i0f/fh hf]zL vu]Gb| /fh hf]zL
lnld6]8 sf7df08f}
16. d'hLa/ /xdfg rf}w/L @), k'/fgf kN6gn]g, df]xDdb l8
9fsf, a+unfb]z ;lkms'/ /xdfg
rf}w/L
17. dxd'b cJb'/ /f}km %(, z'sjfb 9fsf, cAb'g g'/
a+unfb]z
s[lif ljsfz 18. Jff;'lnË ;'u/ c?0f rGb jf;'lnË !, a}t8L nf]s]Gb|jxfb'/ dxfjL/ rGb
a}+s ln= P08 hg/n rGb
19. O{G8li6«h ln= ljhos'df/ uf]on s]–!!, s}nfz sf]nf]gL gofF d'/nL dgf]x/ k|fKt gePsf]
lbNnL–$*, ef/t
20. z'lznf /f0ff sf=d=g=kf=!& wf]ljrf}/ k|fKt gePsf] k|fKt gePsf]
21. xs{jxfb'/ rGb jf;'lnË–&, a}t8L k|fKt gePsf] k|fKt gePsf]
22. /fh]Gb|jxfb'/ rGb >Lsf]6–!, a}t8L k|fKt gePsf] k|fKt gePsf]
23. u0f]zbQ e§ u'vf]nf–$, a}t8L k|fKt gePsf] k|fKt gePsf]
24. c?0f dNn afem–*, aemfË k|fKt gePsf] k|fKt gePsf]
25. n'gf g]kfn czf]ss'df/ ;'Jjf h]–@(, nfhkft gu/ gofF a'4jL/ wg?k
s]ldsN; P08 lbNnL
26. kml6{nfO{h;{ sdnf ;'Jjf h]–@(, nfhkft gu/ gofF klt czf]ss'df/ ;;'/f a'4jL/
k|f=ln= lbNnL ;'Jjf
27. u+uf lnËb]g cgf/d'gL–*, emfkf SljWjh sGbf]jf klt d]3]Gb|Wjh/fh
lnËb]g
28. O{Zj/f lnËb]g ck|fKt dx]Gb|/fh
29. t]hk|sfz zfx tfxfrn sf7df08f}+ k|fKt gePsf] k|fKt gePsf]
30. Nffgfd ;'Jjf h]–@(, nfhkft gu/ gofF czf]ss'df/ a'4jL/
lbNnL
31. ;} ;} xfË ;'Jjf ck|fKt czf]ss'df/ a'4jL/
g]kfn 32. Bf}ln;tL ufd]{G6 ;'ef; s'df/ ;/f{km sf=d=g=kf= #!, afuahf/ l;tf/fd ;/f{km lkm;Lbf; ;/f{km
j+unfb]z pBf]u
a}+s
g]kfn 33. dxfnIdL ufd]{06;\ j[h uf]kfn O{gf0fL 3 ! #** 1fg]Zj/ g/l;Fxnfn df]xg nfn O{gf0fL
qm]l86 P08 sf7df08f} . O{gf0fL
sd;{ a}+s
lnld6]8

? ! s/f]8 / ;f] eGbf j9Lsf] efsf gfw]sf] C0fLx?sf] tLgk':t] gfd / 7]ufgf
C0f;+u ;DalGwt
C0fL ;d'xsf]
a}+ssf] gfd qm=;+= sf/jfxL l;kmf/Lz 7]ufgf afa'sf] gfd afh]sf] gfd
gfd
ul/Psf] JolQmsf] gfd
1 != xl/ k|sfz a'9fyf]sL != lrtjg, /Tg gu/, 6fF8L–# != rqm axfb'/ a'9fyf]sL != g/ axfb'/ a'9fyf]sL
Pe/]i6 a}+s ln=

l;4]Zj/L @= z}n]Gb| k|sfz a'9fyf]sL @= lrtjg, /Tg gu/, 6fF8L–# @= rqm axfb'/ a'9fyf]sL @= g/ axfb'/ a'9fyf]sL
O08li6«h 2
k|f=ln=, #= /df a'9fyf]sL #= lrtjg, /Tg gu/, 6fF8L–# #= rqm axfb'/ a'9fyf]sL #= g/ axfb'/ a'9fyf]sL
3
-;;'/f_ -;;'/f afh]_
4 != kbd s]= cu|jfn != eb|k'/, emfkf != rDkfnfn cu|jfn
glan a}+s

;f]Ne]S; 5 @= zflGt s]= cu|jfn @= a}+s /f]8, jL/u~h @= rDkfnfn cu|jfn


ln=

g]kfn k|f= ln=


6 #= /fhs'df/ tf]lb #= afg]Zj/, sf7df8f}+ #= uf]lks[i0f cu|jfn #= 8]8/fh cu|jfn
lzjfno 7 != ljk"n s'df/ h}g != lj/f6gu/–! != v]drGb h}g != ef]d/fh h}g
OGe]i6d]G6
a}+s ln=

d]6N;
g]kfn

O{08li6«h @= v]drGb h}g @= lj/f6gu/–! @= ef]d/fh h}g


8
k|f=ln=

212
9
!= d]xa"a cnL != UoflnlS; 6«]l8Ë sDkgL, != cAjf; cnL

lxdfnog a}+s ln=


s/frL, kfls:tfg
10
@= df] x Ddb /fhf lx/fgL @= UoflnlS; 6«]l8Ë sDkgL, @= x';]g cln lx/fgL
s/frL, kfls:tfg
#= u'nfd cAaf; lx/fgL #= UoflnlS; 6«]l8Ë sDkgL, #= x';]g cln lx/fgL
11
s/frL, kfls:tfg
12 != gfu]Gb| lu/L != k;f{ lhNnf, kf]vl/of != sGx' lu/L != ;Gt' lu/L
lxdfnog
a}+s ln=

13
@= dx]Gb| kfn l;+x @= !!÷!^, yfkfynL, sf7df08f}+ @= lk|td l;+x @= sxfg l;+x
lxdfno

ljdn s'df/ v]tfg sf=lh=sf=d=g=kf= j8f g+= ## gu/ dn v]tfg jnb]j bfz
g a}+s

14
ln=

!= cg'/fu nfe != n=p=d=g=kf=– @@, rfs'kf6 !=j;Gt s'df/ jdf{ != cfgGb nfe -klt_
15
g]kfn O08li6«on P08 sdl;{on

@= cfgGb nfe @=lkk|f uf=lj=;=– ! dxf]Q/L eO{ @= ljZjgfy nfe @= nlIdgf/fo0f nfe
16 xfn n=p=d=g=kf=– @@, rfs'kf6
a}+s ln=

cg' qmfˆ6 #= gjLg nfe #= lkk|f uf=lj=;=– ! dxf]Q/L #= ljZjgfy nfe #= nlIdgf/fo0f nfe
17 eO{ xfn n=p=d=g=kf=– @@,
rfs'kf6
$= lbg]z dlNns $= sf=d=g=kf=–##, 1fg]Zj/ $= jf]w/fh dlNns $= bfz'/fd dlNns
18

!= k|1fg zdz]/ h=a=/f= != sf=d=g=kf=–@, nflhDkf6, != k|s[lt zdz]/ h=a=/f= != OGb' zdz]/ h=a=/f=
19
Dff5fk'R5|] a}+s ln=

sf7df08f}
Dffp06]g Po/ @= l;l4bf /f0ff @= sf=d=g=kf=–@, nflhDkf6 @= k|1fg zdz]/ h=a=/f=- @= k|s[lt zdz]/ h=a=/f=
k|f=ln= 20
klt_ -;;'/f_
#= lzj]Gb| axfb'/ a:g]t #= nk' =p= d= g=kf=– #= z'/]Gb| axfb'/ a:g]t #= g/ad a:g]t
21
%,hfjnfv]]n, nlntk'/
!= ;dtf cu|jfn != ;fljs sf=d=g=kf=–@%, != ls;g wgfjt -klt_ != ;Togf/fo0f wgfjt -
g]kfn P;lacfO{ a}+s g]kfn P;lacfO{ a}+s

22 e]8fl;+ xfn lj=p=d=g=kf=– ;;'/f_


#÷#*^, ltgk}gL, df]/Ë
ln=

23
@= x/L k|;fb wgfjt @= lj=p=d=g=kf=–#÷#*^, @= ;Togf/fo0f wgfjt @= l;tf/fd wgfjt
ltgk}gL, df]/Ë
#= ls;fg wgfjt #= lj=p=d=g=kf=–#÷#*^, #= ;Togf/fo0f wgfjt #= l;tf/fd wgfjt
24
ltgk}gL, df]/Ë
!= ;'/]z s'df/ nf]lxof != w/fg g=kf=–%, ;'g;/L != l;tf/fd != j+lww/
25 3/eO{ xfn sf=d=g=kf=–!,
;'/]z s'df/ gSzfn, sf7df08f}+
ln=

nf]lxof ;d'x @= pkdf nf]lxof @= lj=p=d=g=kf=–(, df]/Ë @=;'/]z s'df/ nf]lxof @= l;tf/fd -;;'/f_
26 3/eO{ xfn sf=d=g=kf=–!, -klt_
gSzfn, sf7df08f}+
27 != tf]ofgfy nfld5fg] != /Tggu/ g=kf=–#, lrtjg != u+ufw/ nfld5fg] != 5ljnfn nfld5fg]
g]kfn P;lacfO{ a}+s ln=

28 @= åf/Lsf nfld5fg] 2 /Tggu/ g=kf=–$, lrtjg

29
#= lgns07 nfld5fg] #= /Tggu/ g=kf=–$, lrtjg #= k"0f{ k|;fb nfld5fg] #= u+ufw/ nfld5fg]

$= k"0f{ k|;fb nfld5fg] $= /Tggu/ g=kf=–$, lrtjg $= u+ufw/ nfld5fg] $= 5ljnfn nfld5fg]
30

31
%= lktfDa/ nfld5fg] %= /Tggu/ g=kf=–$, lrtjg %= k"0f{ k|;fb nfld5fg] %= k"0f{ k|;fb nfld5fg]

Olb|; cxdb sfgk'/, ef/t clg; cxdb


P;lacf
O{ a}+s
g]kfn

32
ln=

!= gfu/fh b'u8 != lj=p=d=g=kf=–*, df]/Ë 3/ != z'es/0f b'u8


g]kfn P;lacfO{ a}+s ln=

33 eO{ xfn n=k'= p= d=g=kf=–!,


s'k08f]n
@= >Ldlt ;'/h b'u8 @= sf=d=g=kf=–@@÷!# 3/ eO{ @= gfu/fh b'u8 -klt_ @= z'es/0f b'u8 -;;'/f_
34 xfn n=k'= p= d=g=kf=–!,
s'k08f]n
35 #= dgf]h b'u8 #= sf=d=g=kf=–!#

213
n g]kfn g]kfn P;lacfO{
!= kjg s'df/ nf]lxof != l;=8f]e/ /f]8 sfnsf]Qf–!(, != /Ë /fo nf]lxo != k|]d ;'vbf; nf]lxof
36
ef/t
a}+s a}+s ln= a}+s ln=
@= :d[lt nf]lxof @= l;=8f]e/ /f]8 sfnsf]Qf–!(, @= kjg s'df/ nf]lxof @= /Ë /fo nf]lxo
37 ef/t
!= ljZj lk|of dNn != wflbË, # xfn sf7df08f}+ != an axfb'/ dNn != k"0f{ axfb'/ dNn
lk= lh= :6f]/ 38 dxfb]j:yfg
;d'x @= /fd k|;fb clwsf/L @= sf7df8f}+ !$ @= rGb|dfg clwsf/L @= lji0f' k|;fb clwsf/L
39
g]kf

ln=

40
!= ef]nf axfb'/ s]=;L= != sf=d=g=kf=–!$, sn+sL != s[i0f axfb'/ s]=;L= != b]jL jxfb'/ s]=;L=
g]kfn a}+s ln=

cflz{of ;d"x @= ;'/]z s[i0f lai6


41 @= lj=p=d=g=kf=–#, df]/Ë @= /fds[i0f lji6
42
#= wd{ axfb'/ rGb #= /f]8L b]jn uf=lj=;=–^, a}t8L #= sdn rGb #= b'uf{ rGb

!= e"kfn tfdfª != nf]kN6fxf/f vf]nf uf=lj=;=– != /fd axfb'/ tfdfË != s[i0f axfb'/ tfdfË
43 #, l;Gw'nL
@= u'~hnfn l;+x @= s6'Gh] uf=lj=;=–^, eQmk'/ - @= ;'enfn l;+x @= ulDe/ l;+x
44 k/jfgLk'/–&, dn+ujf, ;nf{lx_
g]kfn a}+s ln=

#= >Ldlt OGb| s'df/L #= skg uf=lj=;=–!, sf7df08f}+ #= pk]Gb| ljqmd /f0ff #= s]z/ jxfb'/ dfGgw/ -
e"kfn ;d"x 45 dfgGw/ -sf7df08f}–!&, 7lxl6_ klt_

46
$= gf/fo0f axfb'/ yfkf $= skg uf=lj=;=–!, sf7df08f}+ $= lbk jxfb'/ yfkf $= OGb| jxfb'/ yfkf

%= s]bf/ k|;fb ;fksf]6f %= hd'lg uf=lj=;=–^, jlb{of %= /fdxl/ ;fksf]6f %= lnnf ;fksf]6f
47 xfn hf]/kf6L, af}4, sf7df08f}+

48 != cfTdf/fd rGb 7s'/L != ;}+j' uf=lj=;=–!, nlntk'/ != x:t jxfb'/ rGb != k"0f{ jxfb'/ rGb
@= lji0f' axfb'/ lzjfsf]l6 @= n=k'=p=d=g=kf=–@@, @= wd{Wjh lzjfsf]l6 @= /0f;'/ lzjfsf]l6
49
s'De]Zj/, nlntk'/
#= /fdz/0f vqL #= n=k'=p=d=g=kf=–!$ s';'GtL #= xl/jxfb'/ vqL #= ;d/ jxfb'/ vqL
50 nlntk'/
$= led axfb'/ /fgfdu/ $= /Ëk'/ uf=lj=;=–*, /f}tx6 $= x:t axfb'/ /fgfdu/ $= 6+s axfb'/ /fgfdu/
g]kfn a}+s ln=

cfTdf/fd 51
rGb 7s'/L %= /fd axfb'/ dxt %= n=k'=p=d=g=kf=–!$ glvkf]6 %= nlnt axfb'/ dxt %= l6sf axfb'/ dxt
;d"x 52
nlntk'/
53
^= afa' z/0f ;'j]bL ^= ;}+j' uf=lj=;=–%, nlntk'/ ^= gLdgfy ;'j]bL ^= j'l4;fu/ ;'j]bL

54
&= ld7' k|;fb uf}td &= ;}+j' uf=lj=;=–$, nlntk'/ &= xl/ k|;fb uf}td &= sflzgfy uf}td

55 *= an/fd e08f/L *= nlntk'/ –!#, gVv' *= ;f]d jxfb'/ e08f/L *= anjxfb'/ e08f/L
56 (= b]jL k|;fb uf}td (= sf7df08f}+, #$ (= tf/fgfy uf}td (= dgf]/y uf}td
57 != an axfb'/ k'g != nlntk'/ – !#, a"nlGb != s"n axfb'/ k'g != jL/ axfb'/ k'g
@= /d]z k|;fb wdnf @= xf]6n ;]G6/ KjfO{G6 @(, @= ;"o{ k|;fb wdnf @=lji0f' k|;fb wdnf
g]kfn a}+s ln=

58
7d]n
59 #= s[i0ff k'g #= nlntk'/ – !#, a"nlGb #= an axfb'/ k'g #= s'n axfb'/ k'g
60 $= wg s'df/L k'g $= nlntk'/ – !#, a"nlGb $= hLt jxfb''/ du/ $= t'nf/fd wlt{du/
61 %= g/]z k'g %= nlntk'/ – !#, a"nlGb %= an axfb'/ k'g %= s'n axfb'/ k'g
bfdf]b/ zdf{ lj=p=d=g=kf=–!, df]/Ë s'znL /fd zdf{ lzj rGb| zdf{
g]kfn

62
a}s
ln=

bfdf]b/ zdf{
+

63 xl/ k|;fb wgfjt lj=p=d=g=kf=–#, df]/Ë ;To gf/fo0f wgfjt ;Ltf/fd wgfjt
g]kf

a}+s ln= a}+s


ln=
g]kfn n

64 != d~h' b]jL wgfjt != lj/f6gu/–#, df]/Ë != ;Togf/fo0f wgfjt != ;Ltf/fd wgfjt


wgfjt ;d"x
65 @= lszg b]jL wgfjt @= lj/f6gu/–#, df]/Ë @= ;Togf/fo0f wgfjt @= ;Ltf/fd wgfjt
z'l;n zD;]/ 66
!= ;'lzn zdz]/ ha/f != sf=d=g=kf=–@@, jfub/jf/
g]kfn a}+s ln=

67 @= rGb|snf cfFrn /f0ff @= n=k'=p=g=kf=–$, ;fg]kf


68
#= ldg' /f0ff #= sf=d=g=kf=–@@, jfub/jf/

$= eujfg bf; cu|jfn $= Pg=l;=cf/= n}08 8]enk;{


69
ln= ef/t
214
%= c/ljGb cu|jfn %= Pg=l;=cf/= n}08 8]enk;{
70
ln= ef/t
^= b]jL k|;fb hnfg ^= u'dfGh]h Eo" @÷@, ;lTsof
71 :s'n /f]8 xfj8f klZrd j+ufn,
ef/t
72 &= O{Gb| eQm >]i7 &= O{Gbrf]s, sf7df08f}+
73 != r}tGo k|;fb l;6f}nf != r'xfg8fF8f–#, t]x\y'd != xl/r/0f l;6f}nf != b|f]0frfo{ l;6f}nf
g]kfn a}+s ln=

@= O{Zj/L yklnof @= b/fplb uf]vf{ xfn @= u+ufbQ yklnof


74
sf=d=g=kf=–@, nflhDkf6
75 #= lbk s'df/ sfls{ #= s6'[Gh], eQmk'/ #= dfgjxfb'/ sfls{ #= wd{Wjh sfls{
76 != dxGt nfn >]i7 != sf=d=g=kf= #), ef]6flxl6 != nfn axfb'/ >]i7 != xl/bf; >]i7
g]kfn a}+s

dxGt nfn 77 @= j;Gt nfn >]i7 @= sf=d=g=kf= #), ef]6flxl6 @= dxGt nfn >]i7 @= nfn axfb'/ >]i7
ln=

;d"x
78 $= zl;b| >]i7 $= sf=d=g=kf= @$, vl;s]j $= uf]/v axfb'/ >]i7 $= o1 abfb'/ >]i7
79 != 7fs'/ k|tfk yfkf != sdnkf]v/L, sf7df08f}+ != g/ k|tfk yfkf != lzj k|tfk yfkf
g]kfn a}+s
ln=

80 @= >Ldlt lgn' yfkf @= sdnkf]v/L, sf7df08f}+ @= 7fs'/ k|tfk yfkf -klt_ @= g/ k|tfk yfkf -;;'/f_
81 #= k|l;4 axfb'/ yfkf #= nflhDkf6, sf7df08f}+ #= Zofd axfb'/ kf08] #= ?b| axfb'/ yfkf
!= /rgf b]jL l/dfn != nlntk'/ &, nugv]n != ;/f]hd0fL cfrfo{ != ;/bf/ /fdd0fL cfrfo{
82
lbILt lblIft
83 @= ;'lgn gfy l/dfn @= nlntk'/ &, nugv]n @= l;4gfygfy l/dfn @=
#= uf]kfn ;fksf]6f #= cfgGbjfg uf=lj=;= #, #= kz'klt ;fksf]6f #=
g]kfn a}+s ln=

84
?kGb]lx
85 $= ;+ufldq l/dfn $= nlntk'/ ^, nugv]n $= ;'lgn gfy l/dfn $= l;l4gfy l/dfn
%= ;+ho dl0f cfrfo{ %= e}/xjf &, ?kGb]xL %= ;/f]h dl0f cfrfo{ %= ;/bf/ /fdd0fL cfrfo{
86
lbIfLt lbIfLt bLlIft
87 ^= kbdf b]jL bLlIft ^= ^= lr;] gfy vgfn ^=
88 &= hlx sf]O/fnf bLlIft &= &= x/L k|;fb sf]O/fnf &=
!= df]xg /fh dNn != ehgL uf=lj=;= j8f g+= != lblnk l;+x dNn != xl/dfg l;+x dNn
89 ;fljs # xfn $, s}nfnL
g]kfn a}+s ln=

ehgL /fO; @= dbg axfb'/ dNn @= ehgL uf=lj=;= j8f g+= @= lblnk l;+x dNn @= xl/dfg l;+x dNn
ldn ;d"x 90 ;fljs # xfn $, s}nfnL
#= 6]s axfb'/ dNn #= dg'jf cfbz{ uf=lj=;= ^, #= lblnk l;+x dNn #= xl/dfg l;+x dNn
91 s}nfnL
!= cf]dsf/ rfkfufO{+ != lj/f6gu/ %, rfFbgL rf}s != n]vgfy rfkfufO{+ != k|ofugfy rfkfufO{+
92
g]kfn a}+s ln=

@= ;l/tf rfkfufO{+ @= lj/f6gu/ %, rfFbgL rf}s @= cf]dsf/ rfkfufO{+ - @= 1fg k|;fb vgfn -
93
klt_ lktf_
94 #= afnrGb vgfn #= sf7df08f}+ ##, d}ltb]lj #= 1fg k|;fb vgfn #=
!= >Ldlt zf]ef /fh != af;jf/L #, sf7df08f}+ != sNof0f /fh s]=;L= - != cDj/ axfb'/ vlq -
g]kfn a}+s ln=

95
vqL P08 s]=;L= klt_ ;;'/f_
sDkgL ;d"x 96 @= uug /fh s]=;L= @= af;jf/L #, sf7df08f}+ @= sNof0f /fh s]=;L= 2= cDj/ axfb'/ vlq
97 #= uDeL/ /fh s]=;L= #= af;jf/L #, sf7df08f}+ #= sNof0f /fh s]=;L= #= cDj/ axfb'/ vlq
!= zflGt s'df/ cu|jfn != O{Gb|k'/ (, dfgk'/, afFs] != rDknfn cu|jfn != gydn cu|jfn
g]kfn a}+s

lk=s]=P;=s]= 98
ln=

;d"x
99 2 kbd s'df/ cu|jfn @= O{Gb|k'/ (, dfgk'/, afFs] @= rDknfn cu|jfn @= gydn cu|jfn
100 != lszf]/ s'df/ vgfn != sf=d=g=kf= !#, lqk'/]Zj/ != u'0f/fh vgfn != xif{gfy vgfn
g]kfn a}+s ln=

@= k|ef vgfn @= sf=d=g=kf= !#, lqk'/]Zj/ @= lszf]/ s'df/ vgfn - @= u'0f/fh vgfn -;;'/f_
lszf]/ vgfn 101 klt_
;d"x 102 #= s}nfz s'df/ vgfn #= sf=d=g=kf= !#, lqk'/]Zj/ #= lszf]/ s'df/ vgfn #= u'0f/fh vgfn
103 $= ;f}/e s'df/ vgfn $= sf=d=g=kf= !#, lqk'/]Zj/ $= lszf]/ s'df/ vgfn $= u'0f/fh vgfn
!= ofbj k|;fb kf]v/]n != sf=d=g=kf= (, gf/fo0f != ejgfy kf]v/]n != /ljnfn kf]v/]n
104
g]kfn a}+s

uf]kfn dfu{,
ln=

@= dfwj k|;fb e08f/L @=sf=d=g=kf= (, gf/fo0f uf]kfn @= uf]s'n gfy e08f/L 2


105
dfu{,

215
106 != kjg s'df/ vgfn != sf=d=g=kf= !!, lqk'/]Zj/ != u'0f/fh vgfn != xif{gfy vgfn
2 lszf]/ s'df/ vgfn @= sf=d=g=kf= !!, lqk'/]Zj/ 2 u'0f/fh vgfn @= xif{gfy s'df/ vgfn
g]kfn a}+s ln= -gfd bf]xf]/f] k/]sf]_
kjg vgfn
;d"x 107 #= cgGt s'df/ vgfn #= sf=d=g=kf= !!, lqk'/]Zj/ #= u'0f/fh vgfn #= xif{gfy s'df/ vgfn
108 $= dfwj /fh vgfn $= sf=d=g=kf= !!, lqk'/]Zj/ $= u'0f/fh vgfn $= xif{gfy vgfn
%= k|ld vgfn %= sf=d=g=kf= !!, lqk'/]Zj/ %= kjg s'df/ vgfn - %= u'0f/fh vgfn -;;'/f_
109
klt_
!= df]xDdb Ohf/ ldof != jL/u+h @, 5ks}of, k;f{ != df]xDdb hflx/ != cxd b'Nnfxf
a+unfb]z a}+s

110
g]kfn

ln=

111 @= df]ljg Oˆtvf/ ldof @= jL/u+h @, 5ks}of, k;f{ @= df]xDdb Ohf/ ldof @= df]xDdb hflx/
112 #= h'd}b Oˆtvf/ ldof #= jL/u+h @, 5ks}of, k;f{ #= df]xDdb Ohf/ ldof #= df]xDdb hflx/
113 != >L/fd zdf{ b]jsf]6f != jL/u+h @, , k;f{ != s[i0fsfGt zdf{
g]kfn a+unfb]z
a}+s ln=

114 @= ;'/]z s'df/ cu|jfn @= uf}/ !, /f}tx6 @= ;Ltf/fd cu|jfn


115 #= cfgGb zdf{ l3ld/] #= sflndfl6 !#, sf7df08f}+ #= k"0f{ k|;fb zdf{
lht]Gb| s'df/ snjf/ jL/u+h p=d=g=kf= *, k;f{ lqe'jg k|;fb snjf/ /fhfnfn cfo{
g]kfn a+unf
gkfn

116
+ ln= a}+s
a+unfb]z a+unfb]z b]z

ln

117 != bfdf]b/ zdf{ != s6x/L uf=lj=;=!, df]/Ë != s';fln/fd zdf{ != lzjrGb| /fd zdf{
cf/= Pg l8=
s]ldsN; 118 @= lgs]z zdf{ @= s6x/L uf=lj=;=!, df]/Ë @= bfdf]b/ zdf{ @= s';fln/fd zdf{
+ ln= a}s

nfnjfgL P08 g]drGb h}g nfnjfgL lj/f6gu/ p=d=g=kf= !, df]/Ë e'd/fh h}g ls;g nfn h}g
g]kfn

119
sDkgL
a}s

120 != ;d/ axfb'/ hf]zL != emlD;v]n @, nlntk'/ != ;'gGb axfb'/ hf]zL != hut axfb'/ hf]zL
g]kfn a+unfb]z

121 @= ldgf sdn dfy]df @= Kofkmn, sf7df08f}+ @= @=


a}+s ln=

#= zfGtL hf]zL #= emlD;v]n @, nlntk'/ #= u0f]z s'df/ l;+x #= 1fg s'df/ l;+x dfy]df
122
dfy]df
123 $= hf]T;gf hf]zL $= emlD;v]n, nlntk'/ $= $=
a+unfb]z a+unfb]z

124 != lzlz/ /l~htsf/ != j8f @#, cf]djxfn !=uf]ljGb k|;fb /l~htsf/ != Hofgsflh /l~htsf/
a}+s ln= a}+s ln=
g]kfn g]kfn

125 @= Clifs]z 9sfn @= xlNbjf/L #, emfkf @= 9'l08/fh 9sfn @=


126 != dfd'n ;nfd != Ps8{ Pk/]N; ln=,j+unfb]z
127 @= Pd= hnfn'l2g rf}w/L @=lSnkm6g km]zg ln=, j+unfb]z
!= nf]s gf/fo0f lkof != j8f #@, k'tln;8s, != lqe'gf/fo0f lkof !=
128
g]kfn a+unfb]z

sf7df08f}+
a}+s ln=

@= hLjg nfn lkof @= != j8f #@, k'tln;8s, @= nf]s gf/fo0f lkof @= lqe'gf/fo0f lkof
lr/fu u|'k 129
sf7df08f}+
#= sfh'g lkof #= != j8f #@, k'tln;8s, #= hLjg nfn lkof #= nf]s gf/fo0f lkof
130
sf7df08f}+
131
!= >LdtL ld/f >]i7 != j8f g+= !!, lqk'/]Zj/, != lnnfw/ j}B != /fdbf; j}B
g]kfn a+unfb]z

sf7df08f}+
a}+s ln=

132
@= ;'>L l/tf j}B @= j8f g+= !!, lqk'/]Zj/, @= lnnfw/ j}B @= /fdbf; j}B
sf7df08f}+
#= k|sfz rGb| >]i7 #= j8f g+= !!, lqk'/]Zj/, #= lji0f' axfb'/ >]i7 #= /fd axfb'/ >]i7
133
sf7df08f}+
a+unfb]z

;fj/dn cu|jfn j8f g+= ##, 1fg]Zj/, sf7df08f}+ k|Nxfb /fo cu|jfn df]xgnfn cu|jfn
a}+s ln=
g]kfn

134

!= >LdtL gfg'b]jL >]i7 != j8f g++= #!, afujhf/, != km'n axfb'/ >]i7 != OGb| axfb'/ >]i7
135
g]kfn a+unfb]z

sf7df08f}+
a}+s ln=

136
@= ab|L gf/fo0f dfgGw/ @= j8f g++= !&, 7lxl6, @= xl/ gf/fo0f dfgGw/ @= ci6 gf/fo0f dfgGw/
sf7df08f}+
137 #= ;'/]Gb| s'df/ n3' #= j8f g++= !), l;6f]n, eQmk'/ #= jlb|| s'df/ n3' #=
!= g/]Gb| dfg l;+x != j8f g+= @@, 6]jfxn, != 4fl/sfdfg l;+x != efg' dfg l;+x
g]kfn a+unfb]z

138
sf7df08f}+
a}+s ln=

@= gf/fo0f axfb'/ sfls{ @= vf]6fË lh= jf]k'Ë uf=lj=;= & @= kbd axfb'/ sfls{ @= g/ axfb'/ sfls{
139 xfn j8f g+= @@, 6]jfxn,
sf7df08f}+
216
#= z+s/ >]i7 #= 3'Dyfs uf=lj=;= $, #= lty{ axfb'/ >]i7 #=
140 l;Gw'kfNrf]s xfn j8f g+= #!,
afujhf/, sf7df08f}+
141
$= 1fn]Gb| >]i7 $= y}j uf=lj=;= &, nlntk'/ $= s[i0f axfb'/ >]i7 $= xl/ d]x/ >]i7
!= P;= hldd zfx != j8f g+= #!, afuahf/, != P;= df]log zfx != ;db zfx
/fli6«o jfl0fHo a}+s g]kfn a+unfb]z a}+s g]kfn a+unfb]z
142 sf7df08f}+
a}+s ln=

:k]z ;d'x
@= axfb'/ s[i0f tfd|fsf/ @= j8f g+= !!, b/jf/ :jfo/ @= s]zj gf/fo0f tfd|fsf/ @= x]/f axfb'/ tfd|fsf/
143 eQmk'/
!= >LdtL k|ef zdf{ != jL=p=d=g=kf= @, 3/ eO{ xfn != led r/0f yfkf
144 b]jsf]6f 3/ g+=($÷(@ jfkmn, tfxfrn,
sf7df08f}+
ln=

2 >L/fd zdf{ b]jsf]6f @= jL=p=d=g=kf= @, 3/ eO{ @= s[i0f sfGt zdf{


-gfd bf]xf]/f] k/]sf]_ xfn 3/ g+=($÷(@ jfkmn,
tfxfrn, sf7df08f}+
145 != lqe'jg dfg >]i7 != lj/f6gu/ !$ != lji0f' dfg >]i7 != nf]s dfg >]i7
146 @= ;l/tf >]i7 @= lj/f6gu/ !$ @= lqe'jg dfg >]i7 -klt_ @= lji0f' dfg >]i7 -;;'/f_
lgSsL h'6 147 #= lbk]z k|wfg #= O{nfd lkmSsn uf=lj=;=3 #= rGb| a= k|wfg #= dxflji0f'
ln=

pBf]u
148 $= lzj s'df/ hfl6of $= sf=d=g=kf= gSzfn $= z'es/0f hfl6of $=
149 ^= /d]z rqm g]d]l6of ^= sf=d=g=kf= gSzfn ^= ^=
150 != df]xgnfn cu|jfn != lj/f6gu/ !( != !=
jfl0fHo /fli6«o jfl0fHo a}+s ln=

151 @= s]z/L b]jL cu|jfn @= lj/f6gu/ !( @= @=


czf]s
6]S;6fO{n O+= #= kjg s'df/ nf]lxof #= lj/f6gu/ !( #= #=
k|f=ln= -gfd bf]xf]/f] k/]sf]_
152 $= l;tf/fd cu|jfn $= lj/f6gu/ !( $= $=
153 %= hj/+u /fo cu|jfn %= lj/f6gu/ !( %= k|]d ;'vbf; cu|jfn %= u'dfgL /fo
154 != Zofd ;'Gb/ v]tfg != g]=u=g=kf= !) != uf]jw{g bf; v]tfg != jlb|bf; v]tfg
a}+s ln=

zx:q km'8
/fli6«o

k|f]8S6 k|f=ln= 155 2 d~h' v]tfg @= g]=u=g=kf= !) @= Zofd ;'Gb/ v]tfg - @= uf]jw{g bf; v]tfg -
klt_ ;;'/f_
!= ;'lzn zdz]/ ha/f != ;fg]kf, nlntk'/
/fli6«o jfl0fHo

-gfd bf]xf]/f] k/]sf]_


a}+s ln=

j++lzw/ 2 rGb|snf cfFrn /f0ff @= ;fg]kf, nlntk'/


O{08li6«h
-gfd bf]xf]/f] k/]sf]_
156 #= w|'j yfkf #= ;fg]kf, nlntk'/
157 != hgs a= sfsL{ != lj/f6gu/ !% != cf]d a= sfsL{ != xs{ a= sfsL{
jfl0fHo a}+s /fli6«o jfl0fHo a}+s ln=

158 @= s]zj a= sfsL{ @= lj/f6gu/ !% @= cf]d a= sfsL{ @= xs{ a= sfsL{


;xf/f Aofl6« 159 #= tf/f k|;fO{+ sfsL{ #= lj/f6gu/ !% #= hgs a= sfsL{ #= uf]kfn k|;fO{+ ->Ldlt_
k|f=ln= 160 $= k|ldnf sfsL{ $= lj/f6gu/ !% $= lrq a= sfsL{ $= 5f]/L v8s a= sfsL{
161 %= /fh]Gb| yfkf %= cd/bx $ %= 6]s axfb'/ sfsL{ %= cf]d dfg l;+x
162 ^= ;'/]Gb| sfsL{ ^= lj/f6gu/ !% ^= v8\s a= sfsL{ ^= lrq a= sfsL{
163 != sdn s'df/ k6j/L != lj/f6gu/ # != df]xg nfn k6j/L != n'g s/0f k6j/L
/fli6«o

k6jf/L ;d"x 164 @= ;'lgn s'df/ s0f{ @= lj/f6gu/ # @= u0f]z s0f{ @=


ln=

165 #= dw' k6j/L #= lj/f6gu/ # #= sGx}of nfn n'lgo #=sdn s'df/ k6j/L-klt_
/fli6«o jfl0fHo

166 != /fdx/L 9sfn != sf=lh= dgd}h' uf=lj=;= != s[i0f k|;fb 9sfn != ob' s'df/
uf}/Lz+s/
+ ln=

lkm8 ldN; 167 @= s[i0f k|;fb 9sfn @= sf=lh= km'6'ª uf=lj=;= @ @= ob' s'df/ @= glGb s]z/
a}s

k|f=ln=
168 #= lzj ljqmd zfx #= sf=d=g=kf= !^ #= oIf ljqmd #= b'uf{ k|;fb
:6f/ 169 != rfbdn /f7L != s6x/L * != d'/lnw/ != /fwfs[i0f
a}+s ln=
jfl0fHo
/fli6«o

6]S;6fon 170 @= b]jsL gGbg cu|jfn @= s6x/L * @= lbg bofn cu|jfn @= eut/fd cu|jfn
;d"x 171 #= sdn]z s'= cu|jfn #= s6x/L * #= lbg bofn cu|jfn #= eut/fd cu|jfn
172 != k'is/ a= e08f/L != sf=d=g=kf=, d}ltb]lj != k[lYj axfb'/ != avt h+u
a}+s ln=
jfl0fHo

lj=l6=P;=6]«8;{
/fli6«o

173 @= kj{t a= e08f/L @= lj/f6gu/ # @= k'is/ a= e08f/L @= k[lYj axfb'/


k|f=ln=
174 #= lxdfn e08f/L #= lj/f6gu/ # #= k'is/ a= e08f/L #= k[lYj axfb'/
217
!= g]drGb h}g != lj/f6gu/ $ != ef]d/fh != ls;gnfn

jfl0fHo a}+s /fli6«o jfl0fHo a}+s ln=


-gfd bf]xf]/f] k/]sf]_
175 2 clgn s'df/ h}g @= lj/f6gu/ $ @= ef]d/fh 2 ls;gnfn
nfnjfgL 176 #= /tgnfn h}g #= lj/f6gu/ $ #= ef]d/fh #= ls;gnfn
;d"x
177 $= a4 /fh kf/v $= lj/f6gu/ $ $= $=
178 %= sNof0f s'df/ cu|jfn %= lj/f6gu/ $ %= %=
179 ^= ljho s'df/ kf/v ^= lj/f6gu/ $ ^= ^=
l8Gs' lkGs' != k|sfz rGb| >]i7 != sf=d=g=kf= !! lqk'/]Zj/ != lji0f' >]i7 != /fd a= >]i7
-gfd bf]xf]/f] k/]sf]_
/fli6«o

ufd]{G6 k|f=ln=
ln=

/ ef]u ufd]{G6 180 2 l/gf >]i7 @= sf=d=g=kf= !! lqk'/]Zj/ @= k|sfz rGb| >]i7 @=
181 != /Ltf s'df/L sfo:y != lj/f6gu/ != df]xgnfn bf; 5f]/L !=
182 @= zDe' k|= cu|jfn 2 lj/f6gu/ !$ @= jfj' d:t/fd @= >Lnfn cu|jfn
#= nIdL b]jL cu|jfn #= lj/f6gu/ !$ #= d:t/fd sL a'xf/L #=
183
/fli6«o jfl0fHo a}+s ln=

ljgf]b cu|jfnsL >Ldlt


$=ld/f s'df/L cu|jfn $= lj/f6gu/ ! $=jgjf/L nfn cu|jfnsf] $=cf]d k|sfzsf] >Ldlt
184
Go" Hof]tL 5f]/L
;d"x %= ;+lhtf cu|jfn %= %= /fhs'df/ cu|jfnsf] %=
185
5f]/L
186 ^= nIdL k|= /f}lgof/ ^= lj/f6gu/ !@ ^= ^=
&=ld/f b]jL cu|jfn &= lj/f6gu/ !$ &= lr/lGhlj cu|jfnsL &=
187
5f]/L
*=;+ho cu|jfn
188 *=lj/f6gu/ !$ *= d:t/fd cu|jfn *= >Lnfn cu|jfn
189 != e"k]Gb| s'df/ a:g]t != sf=d=g=kf=( != sNof0f a:g]t != dfyjL/ hu+ a:g]t
jfl0fHo a}+s

ljBf Pk/]N;
/fli6«o

ln=

k|f=ln= 190 @= ljBf a:g]t @= sf=d=g=kf=( @=e"k]Gb| s'df/ a:g]t-klt_ @= zDz]/ a= yfkf
191 #= hgs a= yfkf #= sf=d=g=kf=( #= #=
192 != kml0fGb| dfg >]i7 != kf]=p=d=g=kf= # != kxn dfg >]i7 != k[lYjnfn >]i7
/fli6«o jfl0fHo a}+s ln=

193 @= cf]d s'df/ u'?ª @= kf]=p=d=g=kf= ( @= lrq a= u'?ª @= kxndfg u'?ª


194 #= dx]Gb| axfb'/ sfsL{ #= kf]=p=d=g=kf= !) #= cd/ axfb'/ sfsL{ #= b'of]{wg sfsL{
cg'kd km'8\; 195 $= k|sfzdl0f e08f/L $= kf]=p=d=g=kf= # $= lx/fdl0f e08f/L $=;f]dgfy e08f/L
196 %= lbn a= u'?ª %= kf]=p=d=g=kf= * %= jnt a= u'?ª %= avt a= u'?ª
197 ^= pd]z k|;fb >]i7 ^= kf]=p=d=g=kf= @ ^= zf/bf k|;fb >]i7 ^= uf]ljGb bf; >]i7
198 &= /d]z dfg >]i7 &= kf]=p=d=g=kf= # &= kml0fGb| dfg >]i7 &= kxn dfg >]i7
199 != r+rn s'df/ rf}/l8of != sf=d=g=kf=@ u}l/wf/f != hLjgdn rf}/l8of != h]7dn rf}/l8of
/fli6«o jfl0fHo /fli6«o jfl0fHo a}+s /fli6«o jfl0fHo /fli6«o jfl0fHo a}+s

200 @= o'lw/ ;/bf/ @= @= @=


Df]f8]nfdf 201 #= w'y/ ;/bf/ #= sf=d=g=kf=!) jfg]Zj/ #= #=
ln=

;d"x
202 $= xl/gf/fo0f d08n $= $= $=
203 %= /fh]Gb| s'df/ rf}/l8of %= sf=d=g=kf=!) jfg]Zj/ %= hLjgdn rf}/l8of %= h]7dn rf}/l8of
lqj]0fL 204 @= /f]ljt k|;fb >]i7 @= ?kGb]lx lh=, l;=g=kf= % @= nfn k|;fb >]i7 @= xl/ k|;fb >]i7
l8li6n/L /
+ ln=

#= nIdL >]i7 #= ?kGb]lx lh=, l;=g=kf= % #= nfn k|;fb >]i7 -klt_ #= xl/ k|;fb >]i7 -
lqj]0f ;;'/f_
a}s

l8li6n/L 205
k|f=ln=
206 != jL/ a= /fO{ != gf/fo0fk'/ j8f g+= $

jL/ ls/f+t 207 @= b'uf{ /fO{ @= gf/fo0fk'/ j8f g+= $


ln=

;d"x 208 #= ad axfb'/ e08f/L #= gf/fo0fk'/ j8f g+= $


209 $= /fd axfb'/ s'Fj/ $= gf/fo0fk'/ j8f g+= $
lj/f6 kmdf{ 210 != ;'j0f{ eQm hf]zL != lj/f6gu/ # != kz'klt eQm hf]zL != s]zj eQm hf]zL
;d"x
a}+s ln=

211 @= cfgGb e08f/L @= sf7df08f}+ & @= nlId e08f/L @= cRotfgGb e08f/L


212 #= lszf]/ k|wfg #= /fhlj/fh % #= nId0f k|wfg #= lx/fnfn k|wfg
213 $= k|sfz eQm hf]zL $= lj/f6gu/ # $= kz'klt eQm hf]zL $= s]zj eQm hf]zL

218
%= ;'l:dtf sf]O/fnf %= 6+s];'gjf/L @ %= Clif/fh sf]O/fnf - %= nlId kf}8]n -lktf_
214
klt_
!= lht]Gb|kfn l;+x ;'bg != sf=d=g=kf=–%, xfFl8ufpF, != 1fg l;+x ;'bg != lj;g l;+x ;'bg

g]kfn qm]l86 P08


215

sdz{ a}+s ln=


6+ufn
lht' ;d"x @= 1fg l;+x ;'bg @= sf=d=g=kf=–%, xfFl8ufpF, @= lj;g l;+x ;'bg @=
216
6+ufn
217 #= O{GbL/f sf}/ #= #= #=
g]kfn qm]l86 g]kfn qm]l86

218 != >Ldlt k|zl:t yfkf != sf=d=g=kf=–$, w'Daf/fxL != a'l4 axfb'/ aflgof != hut axfb'/ aflgof
P08 sdz{ a}+s P08 sdz{

Uff]/vsfnL
a}+s ln=

ufd]{G6;\ 2 /fhs'df/ yfkf @= sf=d=g=kf=–$, w'Daf/fxL @= @=


O08li6«h 219
-k|f]k|fO6/sf klt_
!= efis/ zdf{ != n=k'=p=d=g=kf=% , dfgejg != bftf/fd zdf{ != nf]sgfy zdf{
220
Plzog
ln=

km]zG; @= >Ldlt /ZdL zdf{ @= n=k'=p=d=g=kf=% , dfgejg @= dw' zdf{ @= bftf/fd zdf{ -;;'/f_
221

!= gj/fh zdf{ != uf}l/u+h uf=lj=;=^, emfkf != s]bf/gfy zdf{ != j}Bgfy zdf{


g]kfn qm]l86 P08

222
sdz{ a}+s ln=

eO{ xfn sf=d=g=kf= !),


jfg]Zj/
zfn'h ;d'x
@= k|sfz zdf{ @= h'/]kfgL uf=lj=;=^, emfkf @= @=
223 eO{ xfn sf=d=g=kf= !),
jfg]Zj/
a}+s ckm @= ljho ;'/fgf @= lj=p=d=g=kf=(, df]/Ë @= ;'/hdn ;'/fgf @= nfnrGb ;'/fgf
sf7df8f}+ ;'/fgf u|'k 224
ln=
!= Hof]tL k|wfg != sf=d=g=kf= #, dxf/fhu+h != s]zjnf k|wfg != lrlgonfn k|wfg
sf7df8f}+ ln= sf7df8f}+ ln=

225
a}+s ckm

cfo'iff ufd]{G6
O08li6«h @= /fh]Gb| k|;fb >]i7 @= sf=d=g=kf= #, dxf/fhu+h @= gu]Gb| k|;fb >]i7 @= xl/x/nfn k|;fb >]i7
226

u0fktL pgL 227 != ljgo cu|jfn != sf=d=g=kf= $, != ljZjgfy cu|jfn != huGgfy cu|jfn
a}+s ckm

wfuf] s6fO{ @= cd/ cu|jfn @= k8;/L uf=lj=;= $, ?kGb]xL @= ljZjgfy cu|jfn @= huGgfy cu|jfn
pBf]u 228

leleb d]xa'a cnL -kfls:tfgL sf=d=g=kf= #, dxf/fhu+h


sf7df8f}+