Central Bank to Collect Rs. 30 Billion Deposits from Bank and Financial Institution
Summary
Nepal Rastra Bank will collect Rs. 30 billion in deposits from licensed banks and financial institutions through an online bidding system for a 61-day period starting July 29.
Key Points
- Nepal Rastra Bank announced a collection of Rs. 30 billion deposits from banks and financial institutions.
- The deposits will be collected via an online bidding system on July 29.
- The deposit tenure is set for 61 days with interest rates decided through bidding.
- Only licensed A, B, and C class banks and financial institutions approved by NRB can participate.
