Nepal Rastra Bank Calls for Bids for Rs 100 Billion Deposit Collection
Summary
Nepal Rastra Bank has called for bids to collect deposits worth Rs 100 billion from 'A', 'B', and 'C' class licensed banks and financial institutions, specifying bid amounts and interest rates.
Key Points
- Nepal Rastra Bank has announced a notice inviting bids for deposit collection amounting to Rs 100 billion.
- Only 'A', 'B', and 'C' class banks and financial institutions licensed by Nepal Rastra Bank are eligible to participate in the bidding.
- Bids should specify the deposit amount intended and the proposed interest rate up to four decimal places.
- Bidding amounts must be divisible by at least Rs 100 million and at most Rs 500 million.
