Nepal Rastra Bank to Absorb 40 Billion Rupees in Liquidity via Deposit Collection
Summary
Nepal Rastra Bank will collect 40 billion rupees deposits for 56 days to manage excess liquidity and stabilize interest rates in the financial system.
Key Points
- Nepal Rastra Bank will collect 40 billion rupees in deposits for 56 days starting today.
- The deposit collection aims to manage excess liquidity within banks and financial institutions.
- Only 'A', 'B', and 'C' class licensed banks and financial institutions can participate in the bidding.
- The bidding prioritizes lowest interest rate bids and will be conducted online with payment of principal and interest due on 2083 Baishakh 27.
