Kathmandu. The Insurance Committee has decided to keep deposits in banks. The committee issued a notice asking the Commerce and Development Bank, which wants to make a deposit within seven days, to submit a sealed bid letter along with the tariff and financial details.

In order to keep the deposit in the committee, the banks will have to submit maximum interest rate, last quarterly financial statement, profit and loss statement of last three years. Similarly, details of non-performing assets, loan-to-deposit ratio, capital adequacy fund of banks should also be submitted.