Nepal Rastra Bank to Collect Rs 25 Billion in Deposits to Manage Excess Liquidity
Summary
Nepal Rastra Bank is set to collect Rs 25 billion through a 61-day deposit instrument to manage excess liquidity in the banking system, with bids accepted today via online bidding.
Key Points
- Nepal Rastra Bank decided to collect Rs 25 billion to manage excess liquidity in the banking system.
- The deposit collection will be done via a 61-day instrument with bidding through the Online Bidding System Software until 3:00 PM today.
- Interest rates will be determined by bidding, with lowest rates accepted first and pro-rata allocation if bids exceed the target amount.
- Only 'A', 'B', and 'C' class licensed banks and financial institutions can participate, and collected deposits count towards SLR and liquidity ratio but not towards CRR.
