The Central bank of Nepal has issued a new monetary policy directing banks and financial institutions to raise their paid-up capital to 8 billion in the next two years. The decision cams in action while unveiling the Monetary Policy 2015-16. NRB Governor Chiranjibi Nepal said commercial banks would have to increase minimum paid-up capital from existing Rs 2 billion to Rs 8 billion by mid-July 2017.
Following National-level development banks to raise minimum paid-up capital from Rs 640 million to Rs 2.5 billion by mid-July 2017, while national-level finance companies, including those operating in four to 10 districts, will have to jack up minimum paid-up capital from Rs 300 million to Rs 800 million.
Following National-level development banks to raise minimum paid-up capital from Rs 640 million to Rs 2.5 billion by mid-July 2017, while national-level finance companies, including those operating in four to 10 districts, will have to jack up minimum paid-up capital from Rs 300 million to Rs 800 million.
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