Nepal Rastra Bank to Withdraw NPR 40 Billion in Deposits Amid Excess Liquidity
Summary
Nepal Rastra Bank is withdrawing NPR 40 billion in deposits to manage persistent excess liquidity in the financial system through a competitive bidding process.
Key Points
- Nepal Rastra Bank is withdrawing NPR 40 billion in deposits amid excess liquidity.
- The withdrawal is done via a competitive bidding process for 88 days.
- Only 'A', 'B', and 'C' class licensed banks and financial institutions can participate.
- Total deposits have exceeded NPR 77 trillion, with significant liquidity absorption through various instruments.
