Nepal Rastra Bank (NRB) has announced it will invest Rs 1.2 billion in fixed deposits across commercial banks, development banks, and finance companies. The investment will be made from the central bank’s subsidy and pension fund, with applications open until September 15.
According to NRB, Rs 1.04 billion will be deposited in Class ‘A’ commercial banks, Rs. 195 million in Class ‘B’ development banks, and Rs. 65 million in Class ‘C’ finance companies.
Eligible institutions must meet strict requirements: maintaining the minimum capital adequacy ratio, ensuring non-performing loans do not exceed eight percent, and keeping net non-performing loans below three percent.
Applicants are required to submit proposals specifying both the desired deposit amount and the interest rate they are willing to offer.
