Monitory Policy 2072/73

Jul 24, 2015

 Monetary policy for the new fiscal year 2072/73 has been announced by Governor Dr. Chiranjibi Nepal of Nepal Rastra bank Yesterday.

As per   Monetary Policy 2072/73 , the commercial banks would have to increase their paid-up capital to Rs8 billion from existing Rs2 billion. Depending on their working areas, development banks will have to increase their capital to Rs500 million-Rs1.20 billion from Rs640 million. Likewise, the finance companies will have to raise their capital to Rs400 million-Rs800 million from existing Rs 200 million.

Monetary Policy has aimed Bank and Financial Institutions to bring an increment of 0.5 percent in the compulsory deprive sector lending. NRB had increased the level of compulsory deprived sector lending to 5 percent, 4.5 percent and 4 percent of total loan portfolio for commercial banks, development bank and finance companies, respectively.

Cash Reserve Ratio and The Statutory Liquidity Ratio remained unchanged.