NRB mops Rs 30 billion from BFIs for liquidity management
Summary
Nepal Rastra Bank has withdrawn Rs 30 billion from the banking system through a deposit collection auction to manage excess liquidity in the market.
Key Points
- Nepal Rastra Bank mopped Rs 30 billion from the banking system to manage excess liquidity.
- The amount was collected for 25 days via a deposit collection auction mechanism.
- Only Banks and Financial Institutions classified as “A,” “B,” and “C” were eligible to participate.
- The principal and interest of the deposit will be repaid on September 14.
