Nepal Rastra Bank to Collect 90 Billion from BFI's Today, Interest to be Returned after 119 Days
Summary
Nepal Rastra Bank will collect Rs. 90 billion from banks and financial institutions through a bidding process today for a 119-day period. The deposits, open only to licensed A, B and C class institutions, will be returned with interest on Poush 08, 2083.
Key Points
- Nepal Rastra Bank will collect Rs. 90 billion from banks and financial institutions through an online bidding process today.
- The deposits will be held for 119 days, with the interest rate determined by the bidding process.
- Only licensed A, B and C class banks and financial institutions approved by NRB can participate.
- The collected deposits will be repaid with interest on Poush 08, 2083 (23 December, 2026).
