Central Bank to Collect Rs. 40 Billion from Banks via Auction
Summary
Nepal Rastra Bank will collect Rs. 40 billion from licensed banks and financial institutions via a 49-day auction starting April 29 to manage excess liquidity in the banking system.
Key Points
- Nepal Rastra Bank plans to collect Rs. 40 billion through an auction from banks and financial institutions.
- The bidding will occur on April 29 via the Online Bidding System for a 49-day deposit period.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions approved by NRB can participate.
- Deposited funds will not count towards the cash reserve ratio but will be accounted for other liquidity measures.
