Nepal Rastra Bank to Withdraw Rs 40 Billion from Banking System via Deposit Collection Tool
Summary
Nepal Rastra Bank plans to withdraw Rs 40 billion from the banking system over 160 days using a deposit collection tool to manage excess liquidity.
Key Points
- Nepal Rastra Bank will withdraw Rs 40 billion from the banking system using a deposit collection tool for 160 days.
- The move aims to absorb excess liquidity caused by stagnant credit demand.
- Only 'A', 'B', and 'C' class banks and financial institutions licensed by NRB can participate in the bidding.
- The deposit instrument's principal and interest will be repaid on Ashoj 21.
