NRB to collect Rs 30b deposits via 28-day instrument
Summary
Nepal Rastra Bank will collect Rs 30 billion in 28-day deposits through an online bidding process to manage liquidity in the banking system. Licensed Class A, B and C banks can bid until September 18, with repayment due on October 16, 2026.
Key Points
- Nepal Rastra Bank is collecting Rs 30 billion in deposits for 28 days through a deposit collection instrument.
- Bidding will be conducted through the Online Bidding System Software by 3pm on Friday, with interest rates determined through the auction process.
- Licensed Class A, B and C banks and financial institutions can participate with bids starting at Rs 100 million.
- The collected amount will count toward SLR but not CRR, and the operation is part of NRB's liquidity management efforts.
