Nepal Rastra Bank to Collect Rs 40 Billion in Deposits Today
Summary
Nepal Rastra Bank is collecting Rs 40 billion in deposits today through an auction, managing excess liquidity by prioritizing bids with the lowest interest rates from licensed banks and financial institutions.
Key Points
- Nepal Rastra Bank is collecting Rs 40 billion in deposits today through an auction to manage excess liquidity.
- Total deposits have now exceeded Rs 78 trillion in the financial system.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions can participate in the auction.
- Interest rates for the deposit collection instrument will be determined through bidding, with minimum bids of Rs 100 million.
