NRB to Collect Rs. 45 Arba from Bank and Financial Institution Today
Summary
Nepal Rastra Bank will collect Rs. 45 billion from licensed banks and financial institutions through a bidding process on May 15 to manage liquidity in the banking system.
Key Points
- Nepal Rastra Bank (NRB) announced it will collect Rs. 45 billion from banks and financial institutions through bidding.
- The bidding will occur on Jeshta 1 (May 15) via an Online Bidding System with the interest rate decided by bids.
- Only licensed ‘A’, ‘B’, and ‘C’ class banks and financial institutions approved by NRB can participate.
- Deposited amount will not count towards the cash reserve ratio but will be considered in other liquidity calculations, and early withdrawal is not allowed.
