Nepal Rastra Bank to Collect 70 Billion from Bank and Financial Institution Today
Summary
Nepal Rastra Bank will collect Rs. 70 billion from banks and financial institutions through an online bidding system over 77 days to manage excess liquidity.
Key Points
- Nepal Rastra Bank announces collection of Rs. 70 billion deposits from banks and financial institutions.
- The collection will be via an online bidding process on June 5 for a 77-day period.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions can participate.
- The deposited amount will not count as cash reserve ratio but will affect other liquidity measures.
