NRB to mop Rs 40 billion from BFIs for liquidity management
Summary
Nepal Rastra Bank plans to mop Rs 40 billion from banks and financial institutions through a 56-day bidding process starting April 5 for liquidity management.
Key Points
- Nepal Rastra Bank (NRB) is set to mop Rs 40 billion from the market for liquidity management.
- The mop-up will be conducted through a bidding process with a tenure of 56 days.
- NRB has invited proposals from banks and financial institutions for this purpose.
- The principal and interest repayment is scheduled for May 31, with Rs 497.8 billion still outstanding from previous instruments.
