Nepal Rastra Bank to Withdraw NPR 40 Billion in Deposits to Manage Excess Liquidity
Summary
Nepal Rastra Bank plans to withdraw NPR 40 billion via deposit collection auction to manage excess liquidity in the financial system.
Key Points
- Nepal Rastra Bank will withdraw NPR 40 billion in deposits via deposit collection auction on Sunday.
- Currently, total deposits exceed NPR 77 trillion.
- The bank uses deposit collection instrument and Standing Deposit Facility to manage liquidity and interest rates.
- Only 'A', 'B', and 'C' class banks and financial institutions licensed by NRB can participate in the auction.
