To manage excess liquidity in the banking system, Nepal Rastra Bank will withdraw Rs. 40 arba today, Asar 25, through a deposit collection operation.
Nepal Rastra Bank has announced that it will withdraw Rs. 40 arba from the banking system today, Asar 25, in an effort to manage the ongoing situation of excessive liquidity in the financial sector.
According to the central bank, the amount will be collected through a deposit collection instrument via an auction process scheduled for 3 PM today.
Class ‘A’, ‘B’, and ‘C’ banks and financial institutions wishing to participate in the auction can bid with a minimum amount of Rs. 10 crore, and in multiples of Rs. 5 crore thereafter. The bidding will take place under a multiple interest rate system, allowing institutions to submit various interest rate proposals.
This deposit collection operation will have a maturity period of 63 days. Nepal Rastra Bank has clarified that both the principal and interest will be repaid on Bhadra 25.
This article was originally published on https://bajarkochirfar.com
Translated with the help of AI and reviewed by our editorial team.
