Nepal Rastra Bank is to invest 1.26 billion in banks and financial institutions as deposits.

Kathmandu, August 9 – Nepal Rastra Bank is to invest 1.26 billion in banks and financial institutions as deposits.

NRB has stated that the deposit will be made for 366 days for a period of 366 days with effect from 1st September, 2079 BS.

Banks and financial institutions wishing to take deposits can offer the desired amount and interest rate.

NRB will deposit 63 million in Class C financial institutions, Rs. 189 million in Class B development banks and 1.8 billion in Class A commercial banks.

Banks and financial institutions that have maintained minimum capital fund and are within the non-performing loan limit will make proposals for deposit.