KATHMANDU: The total paid-up capital of banks and finance companies has reached Rs 330 billion.
According to Nepal Rastra Bank (NRB), the total paid-up capital of commercial banks, development banks, and finance companies other than microfinance institutions has reached this ratio by mid-August.
During this period, the total paid-up capital of commercial banks alone has reached Rs 284.81 billion.
The increase in the banks’ paid-up capital is also because the commercial banks have increased paid-up capital from Rs 2 billion to Rs 8 billion after the NRB fully implemented Basel III in line to strengthen the financial sector.
According to the central bank, the total paid-up capital of development banks was Rs 31.96 billion during this period.
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