Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has decided to invest Rs 1.20 billion in the Employees Protection Fund (SSF) in banks and financial institutions.

The central bank has urged the banks and financial institutions (BFIs) to apply for the loan amount and interest rate by December 21.

As per the notice, Rs 960 million will be invested in ‘A’ class commercial banks, Rs 180 million in ‘B’ class development banks and Rs 60 million in ‘C’ class finance companies.

The bank or financial institution should have at least two years of operation, should have maintained minimum total capital fund, should have eight percent of total loan and should not have more than three percent non-performing loan ratio.