NRB Opens Bidding to Absorb Rs. 100 Billion from Banks and Financial Institutions
Summary
Nepal Rastra Bank has announced a bidding process to collect Rs. 100 billion deposits from licensed banks and financial institutions, aiming to manage excess liquidity for a period of 19 days.
Key Points
- Nepal Rastra Bank will collect Rs. 100 billion deposits from banks and financial institutions through bidding.
- The bidding will occur on Jestha 29 (June 12) via the Online Bidding System with interest rates decided through bids.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions approved by NRB can participate.
- Deposits collected will be returned with interest on Ashad 17, 2083 (July 1, 2026), and early withdrawal is not allowed.
