NRB to Invest Rs. 1.20 Billion from Employees’ Security Fund in BFIs

Nepal Rastra Bank (NRB) has announced plans to invest Rs. 1.20 billion from the Employees’ Security Fund in banks and financial institutions (BFIs).

Through a public notice, the central bank has invited eligible BFIs to submit applications by 22 December, stating the amount they wish to receive and the proposed interest rate on fixed deposits.

Of the total amount, Rs. 960 million will be invested in Class A commercial banks, Rs. 180 million in Class B development banks, and Rs. 60 million in Class C finance companies.

Institutions applying must have been in operation for at least two years, meet the minimum capital adequacy requirements, maintain the credit-to-deposit ratio within the prescribed limit, and keep the net non-performing loan ratio below three percent, among other criteria.