Nepal Rastra Bank (NRB) has revised its unified directive, allowing banks and financial institutions to recognize interest collected until Shrawan 15 as income and profit for the previous fiscal year ending in Ashadh.

Under the amended provision, banks will receive a grace period until Shrawan 15 to collect interest that had accrued by the end of Ashadh. Interest recovered during this period can still be recorded as income for the previous fiscal year rather than the new financial year.

The revised rule enables banks to more accurately reflect earnings generated before the fiscal year-end while providing additional time to recover outstanding interest payments. The provision is expected to improve the accuracy of financial reporting and year-end profit recognition across the banking sector.

According to NRB, the amendment aims to make financial reporting more practical while ensuring greater consistency in the accounting treatment of accrued interest.