Nepal Rastra Bank to Collect Rs. 150 Billion Through 8-Day Deposit Auction
Summary
Nepal Rastra Bank will raise Rs. 150 billion through an 8-day deposit collection auction on Kartik 12, with interest rates set through competitive bidding. Only Class A, B and C banks and financial institutions licensed by the central bank can participate in the online auction.
Key Points
- Nepal Rastra Bank plans to collect Rs. 150 billion through an 8-day deposit collection instrument as part of monetary management operations.
- The auction will be held on Kartik 12, 2083 through the Online Bidding System Software, with the principal and interest payable on Kartik 20, 2083.
- Only Class A, B and C banks and financial institutions licensed by NRB are eligible to bid, and allocation will favor the lowest quoted interest rates.
- The deposited amount cannot be counted toward CRR but can be counted toward SLR and Liquidity Ratio; accepted bidders must maintain sufficient balance or risk blacklisting.
