NRB deposits drop to Rs 415 billion after SDF repayment
Summary
Nepal Rastra Bank’s deposits dropped from Rs 669 billion to Rs 415 billion after repaying Rs 254 billion under the Standing Deposit Facility amid weak market demand and slow lending.
Key Points
- Nepal Rastra Bank’s deposits fell from Rs 669 billion to Rs 415 billion after repaying Rs 254 billion from the financial system.
- The reduction followed a repayment under the Standing Deposit Facility (SDF).
- There is excess liquidity in the market despite steady remittance inflows due to weak market demand and slow lending.
- NRB’s recent Rs 40 billion deposit collection offer saw low participation, with banks investing only Rs 15.5 billion.
