Nepal Rastra Bank to Collect Rs 30 Billion Through 28-Day Deposit Auction
Summary
Nepal Rastra Bank will raise Rs 30 billion through a 28-day deposit collection auction under its open market operations. Eligible banks and financial institutions can bid on Ashwin 21, 2083, with the funds maturing on Kartik 18, 2083.
Key Points
- Nepal Rastra Bank will collect Rs 30 billion via a 28-day deposit collection instrument.
- The auction will be held through the Online Bidding System Software on Ashwin 21, 2083, and mature on Kartik 18, 2083.
- Eligible Class A, B and C banks and financial institutions can submit multiple competitive bids of at least Rs 100 million each.
- Accepted funds will count toward SLR and liquidity ratios but not toward the Cash Reserve Ratio, and non-compliant bidders may be blacklisted.
