Kathmandu. Nepal Rastra Bank (NRB) has decided to invest the amount in gratuity and pension fund in interest in banks and financial institutions. Issuing a notice on May 29, the bank said it would invest Rs 700 million in banks and financial institutions at interest rate.
Nepal Rastra Bank (NRB) is investing Rs 560 million in ‘A’ class commercial banks, Rs 105 million in ‘B’ class national-level development banks and Rs 350 million in ‘C’ class national-level finance companies.
The bank has called for offering interest rates by 1:30 pm on June 15, 2018, disclosing the amount it wants to take as a fixed deposit for 366 days from July 20, 2018 to July 1, 2018. To receive the deposit, the bank and financial institution should have completed at least two years of operation and the minimum capital fund prescribed by the bank should be maintained.
Similarly, the non-performing loan (NPL) ratio should not exceed 8 percent of the total loan amount and the net npl ratio should not exceed 3 percent. According to the NRB, the net liquid asset ratio should be within the limits set by the bank from time to time.
Similarly, according to the NRB, the ratio of loan deposits is within the limits set by the bank from time to time, is in net profit as per the profit and loss account of the nearest previous financial year, and if the bank and financial institution are in prompt corrective action, then at least six months of the withdrawal of such action should have been completed.
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