Nepal Rastra Bank to Withdraw Rs 120 Billion from Market via Deposit Collection
Summary
Nepal Rastra Bank plans to withdraw Rs 120 billion from the market by collecting deposits over 19 days, managing excess liquidity and interest rates via an online bidding process.
Key Points
- Nepal Rastra Bank will collect Rs 120 billion from the market for 19 days through deposit collection.
- Only 'A', 'B', and 'C' class banks and financial institutions licensed by NRB can participate in the bidding.
- Bids with the lowest interest rates will be prioritized until the total amount is reached.
- The principal and interest will be paid on 2083 Baishakh 30, with a minimum bid of Rs 100 million and multiples of Rs 50 million.
