Nepal Rastra Bank to Collect Rs 60 Billion via One-Month Deposit Instrument
Summary
Nepal Rastra Bank will collect Rs 60 billion through a one-month deposit collection instrument via bidding. The central bank has set an August 22 repayment date, and only A, B and C class banks and financial institutions licensed by NRB can participate.
Key Points
- Nepal Rastra Bank is issuing a one-month deposit collection instrument worth Rs 60 billion through bidding.
- Banks and financial institutions must bid through the Online Bidding System by 3:00 PM today.
- The deposit will be allocated to the lowest interest-rate bids, with pro-rata allocation if demand exceeds supply at the same rate.
- The principal and interest will be paid on August 22, and the amount cannot be prematurely returned before maturity.
