Central Bank to Collect Rs. 30 Billion From BFI Today
Summary
Nepal Rastra Bank will collect Rs. 30 billion from licensed banks and financial institutions through a bidding process for 91-day deposits.
Key Points
- Nepal Rastra Bank (NRB) is collecting Rs. 30 billion in deposits from banks and financial institutions via bidding.
- The bidding will take place on Jestha 6 (May 20) through the Online Bidding System with interest rates decided via bidding.
- Minimum bidding amount is Rs. 10 crore, with a maximum limit in multiples of Rs. 5 crore up to Rs. 30 billion total.
- Deposits will not count towards cash reserve ratio but will affect other liquidity measures; early withdrawal is not allowed.
