Nepal Rastra Bank plans to channel Rs 7.6 billion into banks and financial institutions using resources from its pension, gratuity and Employee Security Funds. Of this amount, Rs 6.60 billion from the pension and gratuity fund will be invested in ‘A’, ‘B’ and ‘C’ class banks and finance companies. An additional Rs 1 billion from the Employee Security Fund will also be allocated under similar criteria. Eligible institutions must meet standards related to capital adequacy, operating history and non-performing loan levels. Interested institutions are required to submit proposals quoting interest rates, with deadlines set for December 14 and February 15.
