Nepal Rastra Bank (NRB) has decided to invest Rs 3.3 billion from its Grant and Pension Fund in banks and financial institutions.
According to a notice issued by the central bank, the investment will be made for a period of 366 days. NRB stated that the investment will be directed toward banks and financial institutions classified under categories ‘A’, ‘B’, and ‘C’.
The notice further mentions that eligible banks and financial institutions must have been in operation for at least two years, maintained the minimum required capital adequacy ratio, and ensured that their non-performing loans (NPLs) do not exceed 8 percent of total loans, with a net NPL ratio below 3 percent.
Interested banks and financial institutions are required to submit their applications by October 16 (Ashoj 30), specifying the amount they wish to obtain and the proposed interest rate for the investment.
