Central Bank to Collect Rs. 20 Billion from Banks Through Bidding Today
Summary
Nepal Rastra Bank will collect Rs. 20 billion from banks and financial institutions via a bidding process to manage excess liquidity, with a 44-day deposit period and interest rates decided by bids.
Key Points
- Nepal Rastra Bank is collecting Rs. 20 billion from banks and financial institutions through a bidding process.
- The deposit period is 44 days with interest rates determined by bidding.
- Only licensed A, B, and C class banks and financial institutions approved by NRB can participate.
- Deposited amount will not count as cash reserve ratio but will affect other liquidity measures.
