NRB to Collect Rs. 100 Arba From Bank and Financial Institution Today
Summary
Nepal Rastra Bank will collect Rs. 100 Arba deposits from banks and financial institutions through a bidding process for 61 days starting May 22, 2024.
Key Points
- Nepal Rastra Bank announced it will collect Rs. 100 Arba from banks and financial institutions through bidding on May 22, 2024.
- The deposits will be for a 61-day period with interest rates decided via bidding.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions can participate.
- Deposits won't count towards cash reserve ratio but will affect other liquidity measures and cannot be withdrawn before maturity.
