Nepal Rastra Bank has announced plans to invest Rs 9.35 billion from its gratuity and pension fund for a period of one year.
The central bank stated that the amount will be placed as fixed deposits in licensed banks and financial institutions. Interested banks and financial institutions can submit applications from 10:00 AM to 12:00 PM on Falgun 10, 2082.
Out of the total amount:
- Rs 7.48 billion has been allocated for commercial banks,
- Rs 1.40 billion and 25 million for development banks, and
- Rs 467.5 million for national-level finance companies.
Eligibility Criteria
Banks and financial institutions seeking the deposit must meet several conditions:
- Non-performing loans (NPL) must not exceed 8 percent of total loan investment.
- The institution must have completed at least two years of operation.
- It must maintain the minimum total capital fund as prescribed by the central bank.
- It must maintain the required net liquid asset ratio.
- The credit-deposit ratio must remain within the limits set by the central bank.
- It must have reported a net profit in the most recent fiscal year.
- If previously under Prompt Corrective Action, at least six months must have passed since its release.
- It must not have been declared problematic under Section 86(Kha) of the Nepal Rastra Bank Act, 2058, or if declared so, at least six months must have passed since removal.
- It must have already issued shares allocated to the general public.
The central bank said the investment will be made in accordance with prevailing laws and regulations.
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