Central Bank to Collect 60 Billion From Bank and Financial Institution Today
Summary
Nepal Rastra Bank is set to collect deposits worth Rs. 60 billion from licensed banks and financial institutions through a bidding process on June 10 for a period of 23 days to manage excess liquidity.
Key Points
- Nepal Rastra Bank will collect Rs. 60 billion deposits from banks and financial institutions via bidding on June 10.
- Deposits will be for 23 days and interest rates decided through the bidding process.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions can participate.
- Deposited amount won't count as CRR but will affect other liquidity measures and early withdrawal is prohibited.
