With excess liquidity accumulating in the banking system, Nepal Rastra Bank (NRB) has decided to withdraw Rs. 50 arba on Ashar 11 through a deposit collection instrument.
According to NRB, banks and financial institutions willing to participate can submit bids ranging from a minimum of Rs. 10 crore to a maximum of Rs. 5 arba, within the total announced amount. The central bank is using this tool to absorb surplus liquidity from the system.
The bidding process allows banks to submit proposals with multiple interest rates. Only banks and financial institutions categorized under class ‘A’, ‘B’, and ‘C’ are eligible to participate in this deposit collection process.
NRB has announced that the principal and interest amount will be repaid on Bhadra 11.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
