NRB to invest Rs 3.3 billion in financial institutions
Summary
Nepal Rastra Bank plans to invest Rs 3.30 billion from its Gratuity and Pension Fund into eligible banks and financial institutions for 366 days, setting criteria for applicants.
Key Points
- Nepal Rastra Bank will invest Rs 3.30 billion from its Gratuity and Pension Fund into banks and financial institutions.
- Funds are to be invested for a duration of 366 days.
- Investment targets Class ‘A,’ ‘B,’ and ‘C’ category banks and financial institutions.
- Applicants must meet conditions related to operation duration, capital fund, and non-performing loan ratios.
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