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Kathmandu, Nepal December 7, 2021: Nepal Rastra Bank (NRB), the central bank of Nepal, is investing Rs 3.05 billion in ‘A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies for a year period.
The NRB has issued a notice requesting to the interested Banks and Financial Institutions (BFIs) to submit their duly sealed price quotation to take Fixed Deposit (FD) by December 8.
The central bank is investing the funds accumulated in its Employee Gratitude and Pension Fund as FD in the BFIs from December 16, 2021 to December 15, 2022.
According to the notice, Rs 2.44 billion will be invested in 'A' listed commercial bank, Rs 457.5 million in 'B' listed national level development banks and Rs 152.5 million in 'C' listed national level finance companies.
The NRB has set a condition that the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.
