Nepal Rastra Bank is set to withdraw Rs. 60 arba from the banking system today through a short-term deposit collection tool, citing excess liquidity in banks and financial institutions.
NRB to Withdraw Rs. 60 Arba from Banks Today as Excess Liquidity Rises
In response to the rising liquidity levels in banks and financial institutions, Nepal Rastra Bank (NRB) has decided to withdraw Rs. 60 arba from the banking system today. The central bank will use a 63-day deposit collection instrument, a short-term liquidity management tool, to absorb this amount.
NRB has been regularly withdrawing liquidity from the market every Sunday and Wednesday, and this operation is part of that ongoing process. According to the central bank, the bidding process will take place today from 3:00 PM through the online bidding system.
Interested banks and financial institutions can submit a minimum bid of Rs. 10 crore. The maximum amount will be distributed in multiples of Rs. 5 crore, and bids will be accepted up to the total announced amount of Rs. 60 arba.
The maturity date for the principal and interest payment under this deposit collection has been fixed for Bhadra 18.
Only banks and financial institutions licensed by Nepal Rastra Bank under Category A, B, and C will be eligible to participate in this process.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
