Nepal Rastra Bank to Collect Rs. 60 Billion Through 31-Day Deposit Auction
Summary
Nepal Rastra Bank will collect Rs. 60 billion through a 31-day deposit auction to manage liquidity in the banking system. Eligible banks and financial institutions can submit bids through the central bank’s online bidding system, with repayment due on Bhadra 22.
Key Points
- Nepal Rastra Bank plans to raise Rs. 60 billion through a 31-day deposit collection instrument using competitive bidding.
- Eligible Class A, B and C banks and financial institutions must submit bids through the Online Bidding System by 3:00 PM today.
- Accepted bids will be allocated starting from the lowest interest rate, with pro-rata distribution if demand exceeds supply at the same rate.
- The deposits cannot be withdrawn before maturity and are part of NRB’s broader liquidity management operations.
