Nepal, Dec. 20 -- According to the notice, NRB plans to invest Rs 960 million in Class A commercial banks, Rs 180 million in Class B development banks, and Rs 60 million in Class C finance companies.

Nepal Rastra Bank (NRB) has decided to invest Rs 1.20 billion from the Employees' Security Fund in banks and financial institutions (BFIs).

Issuing a public notice, the central bank has invited banks and financial institutions to submit applications by 22 December, proposing the amount they seek to deposit along with the interest rate on fixed deposits.

According to the notice, NRB plans to invest Rs 960 million in Class A commercial banks, Rs 180 million in Class B development banks, and Rs 60 million in Class C finance companies.

Eligib...