Monetary Policy 2075/76
Mazor 10 Points
1. As the provision secured in BAFIA 2073 of " Nepal Infrastructure Bank Limited " the licencing processhas been fully accomplished to establishment of this bank.
2. Out of 28 commercial banks 25 banks are fully sucessfull in maintaining the required paid-up capital. Two banks are under process to reach out level and 1 bank is are under resolution process.
3.The decision has made to increase the minimum paid-up capital of banks and financial institutions 162 banks and financial institutions are in merger process and 121 has got clearance from NRB.
4.Now the number of A class bank is 28, B class is 33 and c class is 25.
5.The policy aims to keep CPI within 6.5%
6. A provision of taking two weeks repo rate as a policy rate has been kept unchanged, however such rate has been fixed at 5%
7. Capital Reserve Ratio (CRR) of commercial banks , development banks and finance companies is fixed at 4%
8.Statutory Liquidity Ratio (SLR) of commercial banks 10%, development banks 8% and finance company is at 7%.
9. Commercial banks and micro finance companies are allowed to bring 25% loan of it's core capital.
10. Income tax clearance certificate made maditory to apply for loans in banks and financial institutions.
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