Nepal Rastra Bank to Invest NPR 9.35 Billion in Fixed Deposits with Financial Institutions
Summary
Nepal Rastra Bank plans to invest NPR 9.35 billion from its Provident and Pension Funds as fixed deposits in licensed banks and financial institutions for one year, with specific eligibility criteria for applicants.
Key Points
- Nepal Rastra Bank will invest NPR 9.35 billion held in Provident Fund and Pension Fund as fixed deposits.
- The investment period is set for one year in licensed banks and financial institutions.
- Banks and financial institutions must meet specific criteria including NPL ratio below 8%, minimum capital fund, and profitability to qualify.
- Allocations include NPR 7.48 billion for commercial banks, NPR 1.4025 billion for development banks, and NPR 467.5 million for finance companies.
