Monetary Policy of 2072/73 released today

Kathmandu, July-23 Monetary policy for the new fiscal year 2072/73 has been announced by Governor Dr. Chiranjibi Nepal of Nepal Rastra bank today.

As per   Monetary Policy 2072/73 Commercial Banks  need to  increase their capital to Rs 8 arba, National level  Development Bank to Rs 2.56 arba, Development Bank with  working area of  4-10 districts need to  increase their paid up to Rs 1.20 arba, Development Bank with working area of 1-3 districts to Rs 40 crore.

National level Finance Companies or Finance Companies with working area of 4-10 districts must have a paid up capital of Rs 80 crore whereas Finance Companies with working area of 1-3 districts need to increase their paid of capital to 40 crore by the end of Fiscal Year 2073/74.

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.

SUMMARY OF MONETARY POLICY 2072/73