The Nepal Rastra Bank (NRB) has issued new directives to govern the operations of 34 co-operatives with permission that have been permitted to do limited banking. The 12 July central bank directives require these institutions to hold on to 10 percent of their capital. Seven percent of the deposits are for capital adequacy, one percent in an account with the central bank and the remaining two percent as total liquid funds in vaults or in current accounts at a commercial bank.