NRB makes it mandatory for Infrastructure Development Banks to enter details of inter-bank transactions, liquidity in SIS portal

Published On: January 18, 2023 12:05 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Jan 18: Nepal Rastra Bank has revised the Unified Directives to Infrastructure Development Banks and Financial Institutions, 2078 BS'.

Through revision the central bank has instructed the licensed infrastructure bank to mandatorily enter the details of their daily liquidity situation and inter-bank transactions in the 'Supervisory Information System' (SIS) reporting portal.

Earlier, it had to be uploaded on the reporting portal of the bank by 12 noon of the next working day. However, now the liquidity statement must be submitted through the SIS by 12 noon of the next working day and the statement of inter-bank transactions upon completion of the transaction.

Similarly, the returns to be submitted must also be compulsorily updated on the Supervisory Information System reporting portal. Now, the infrastructure development banks will also have to update interest rate details of deposits and loans through the same system.