NRB to Collect 25 Billion from BFI's for 61 Days
Summary
Nepal Rastra Bank will collect Rs. 25 billion from licensed banks and financial institutions through an online bidding system for deposits lasting 61 days.
Key Points
- Nepal Rastra Bank announced it will collect Rs. 25 billion from banks and financial institutions.
- The collection will be done through an online bidding system on July 31 (Shrawan 15).
- The deposit period is set for 61 days with interest rates decided via bidding.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions approved by NRB can participate.
