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epardafas.com English.MakaluKhabar.com Nepal Press OnlineKhabar English News Enewspolar
10 sources · 13 articles
Started 4 days ago · Updated 4 days ago

Nepal Rastra Bank Withdraws Rs 100 Billion to Manage Banking System Liquidity

Photo · english.makalukhabar.com

The Nepal Rastra Bank (NRB) is set to withdraw Rs 100 billion from the banking system on May 22 as part of its ongoing liquidity management initiative. The central bank is utilizing its deposit collection instrument with a 61-day maturity period to absorb excess liquidity. The bidding process is being conducted electronically and will conclude by 3:00 PM today, with principal and interest repayment scheduled for July 21.

  • Licensed banks and financial institutions (BFIs) can participate in the auction by submitting bids starting from a minimum of Rs 100 million, with higher amounts divisible by Rs 50 million.
  • The NRB is using its Online Bidding System software for the electronic auction process.
  • This measure is intended to manage excess liquidity in the banking system, which has led to a low demand for loans.
  • The principal amount and accrued interest for this 61-day deposit collection instrument will be repaid on July 21.

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