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Nepal Rastra Bank will keep 1 billion rupees in fixed deposits in banks and financial institutions. The National Bank has issued notices to banks and financial institutions to send proposals for this. The National Bank is going to keep the amount in the gratuity and pension fund in fixed deposit for one year.
According to which, a notice has been issued to keep Rs 80 crore in commercial banks, Rs 15 crore in development bank and Rs 5 crore in finance companies. Banks and financial institutions interested in
will have to send a proposal to Rashtra Bank with the interest rate they will give by this 14th of July (by Wednesday).
In this way, the banks and financial institutions have to follow the conditions set for keeping the money of Rashtra Bank in term deposit. According to which, the relevant institution should have been in operation for at least 2 years, the minimum capital fund ratio should be maintained, the non-performing loan ratio should not exceed 8 percent of the total assets and the net non-performing loan ratio should not exceed 3 percent, and the loan deposit (CD) ratio should be within the specified limits.
