NRB to Invest Rs 3.3 Billion in Banks Through Gratuity and Pension Fund
Summary
Nepal Rastra Bank plans to invest Rs 3.3 billion from its gratuity and pension fund in qualified banks and financial institutions for one year under competitive terms.
Key Points
- Nepal Rastra Bank will invest Rs 3.3 billion in A, B, and C class banks and financial institutions.
- Eligible institutions must have operated for at least two years and meet capital and non-performing loan criteria.
- Institutions must maintain non-performing loans below eight percent and net non-performing loan ratio within three percent.
- Applications for borrowing from the fund must be submitted by September 30 with proposed amount and interest rate.
