Nepal Rastra Bank Collecting a Massive Rs. 100 Billion Deposits from BFIs Today
Summary
Nepal Rastra Bank is collecting Rs. 100 billion deposits from licensed banks and financial institutions through a bidding process on July 15 for a 91-day term.
Key Points
- Nepal Rastra Bank announced collection of Rs. 100 billion deposits from banks and financial institutions.
- The deposits will be collected through a bidding process scheduled on Ashad 31 (July 15).
- The bidding will determine the interest rate for the 91-day deposit period.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions approved by NRB can participate.
