Nepal Rastra Bank to Collect 30 Billion from Bank and Financial Institution Today
Summary
Nepal Rastra Bank will collect Rs. 30 billion from licensed banks and financial institutions through a bidding process today, with deposits for 179 days and interest rates decided by bidding.
Key Points
- Nepal Rastra Bank will collect Rs. 30 billion from banks and financial institutions.
- The collection will occur through an online bidding process on July 27 at 3 PM.
- The deposits will be for a period of 179 days with interest rates determined via bidding.
- Licensed ‘A’, ‘B’, and ‘C’ class banks and financial institutions approved by NRB can participate.
