Kathmandu. Nepal Rastra Bank is going to invest the amount in the Employee Provident Fund in banks and financial institutions as interest. The bank has issued a notice on Falgun 23 (Friday) stating that it will invest Rs 200 million in banks and financial institutions as interest.
The bank has stated that it is going to invest Rs 160 million in ‘A’ class commercial banks, Rs 30 million in ‘B’ class national level development banks and Rs 10 million in ‘C’ class national level finance companies as fixed deposits.
The bank has called for the amount desired to be taken as fixed deposits for 366 days from 2081 Chaitra 3 to 2082 Chaitra 3 and to propose the interest rate by Falgun 26. The bank has stated that to receive the deposit, the bank and financial institution must have completed at least 2 years of operation and maintain the minimum capital fund specified by the bank.
Similarly, the NRB has stated that the non-performing loan (NPL) ratio of total loans should not exceed 8 percent and the net non-performing loan (net NPL) ratio should not exceed 3 percent. Previously, the NRB and other government institutions were required to have a minimum NPL of 5 percent to accept deposits and conduct other financial transactions.
Similarly, the NRB has informed through a notification that it will invest in banks that have maintained a net liquid asset ratio within the limits determined by the bank from time to time.
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