Nepal Rastra Bank to Collect 70 Billion from Bank and Financial Institution Today for 79 Days
Summary
Nepal Rastra Bank will collect deposits worth Rs. 70 billion from licensed banks and financial institutions via bidding for 79 days to manage excess liquidity. The bidding occurs on June 24 and the amount will be returned with interest by September 11, 2026.
Key Points
- Nepal Rastra Bank will collect Rs. 70 billion from banks and financial institutions through bidding to control excess liquidity.
- The bidding will be held on Ashad 10 (June 24) 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.
- The collected deposits will not count towards the cash reserve ratio but will be considered for other liquidity requirements.
