Nepal Rastra Bank is preparing to manage market liquidity by collecting Rs 60 arba through a 19-day deposit collection instrument.
Nepal Rastra Bank is set to absorb a significant Rs 60 arba from the market. This move is part of the central bank’s ongoing effort to manage liquidity within the financial system.
Bidding Process Details
The Monetary Management Department of the central bank released a notice today, inviting bids for a 19-day deposit collection instrument. The bidding process is open until 3:00 PM this afternoon, and interested parties can submit they bids through the Online Bidding System Software (OBSS).
This deposit collection instrument will be issued today itself. The principal amount along with interest payment will be made on Ashoj 23. The exact interest rate for this instrument will be determined through the competitive bidding process.
Participant Eligibility
Regarding participation, a minimum bid of Rs 10 crore is required. Applications are allowed up to the total invited amount, provided they are divisible by Rs 5 crore without any remainder. Only Class ‘A’, ‘B’, and ‘C’ banks and financial institutions, which hold license from Nepal Rastra Bank, are eligible to participate in this deposit collection.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
