NRB Mopping Rs 40 Billion From Banking System Today
Summary
Nepal Rastra Bank is withdrawing Rs 40 billion from the banking system today to manage excess liquidity, with funds collected for 89 days through a bidding process.
Key Points
- Nepal Rastra Bank (NRB) is withdrawing Rs 40 billion today to control excess liquidity in the market.
- The collected funds will be for a period of 89 days through NRB's deposit collection instrument.
- NRB has invited eligible banks and financial institutions to participate in the bidding at 3 PM today.
- Principal and interest payments on the collected amount will be settled on May 17, 2026.
