Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has decided to invest Rs 5.55 billion in fixed deposits of various banks and financial institutions.
The central bank will invest Rs 5.55 billion in fixed deposits of banks and financial institutions.
Nepal Rastra Bank (NRB) has urged the banks and financial institutions (BFIs) to propose the interest rate by 7:00 pm on January 31.
According to the NRB, Rs 4.44 billion will be invested in commercial banks, Rs 832.5 million in national level development banks and Rs 277.5 million in fixed deposits of national level finance companies. It is valid for 366 days.
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