NRB Seeks to Absorb Rs. 20 Billion from Banks Today; Market Remain Silent Despite Low Interest Rate
Summary
Nepal Rastra Bank will absorb Rs. 20 billion from banks and financial institutions today to manage excess liquidity in the market. The one-month deposit collection will be decided through bidding, while the stock market remains subdued despite low interest rates and policy reforms.
Key Points
- Nepal Rastra Bank will collect Rs. 20 billion in deposits from banks and financial institutions through a bidding process today.
- The central bank is using the one-month deposit collection to manage excess liquidity in the market.
- Only licensed A, B and C class banks and financial institutions approved by NRB can participate.
- The deposits will be repaid with interest on Kartik 13, 2083 (November 30, 2026).
