Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has decided to invest Rs 650 million in fixed deposits of banks and financial institutions. Nepal Rastra Bank (NRB) has decided to invest Rs 650 million in fixed deposits of banks and financial institutions.

Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to submit a proposal along with the interest rate they want to receive and the interest rate they want to borrow.

Nepal Rastra Bank (NRB) has called for the government to propose the interest rate by May 31, disclosing the amount it wants to take as fixed deposit for 366 days.

NRB will invest Rs 520 million in commercial banks, Rs 97.5 million in national level development banks and Rs 32.5 million in national level finance companies. For this, the bank or financial institution should have been in operation for at least two years and should maintain the minimum total capital fund determined by the bank.

The non-performing loan of the bank or financial institution should not exceed 8 percent of the total loan and the net non-performing loan ratio should not exceed 3 percent.

nepal rastra bank