Kathmandu. Nepal Rastra Bank (NRB) is set to withdraw Rs 1.20 trillion from the banking system on Friday. The Nepal Rastra Bank (NRB) is set to withdraw an additional Rs 120 billion on April 24 through a deposit collection tool to manage liquidity.
According to the NRB, interested banks and financial institutions have to apply for the post till 3:00 pm today. Banks and financial institutions can bid for a maximum of Rs 10 crore and a minimum of Rs 5 crore dividing the total amount of the total call amount.
Similarly, the principal and interest of the 19-day deposit collection instrument will be paid on May 14.
Although deposits in banks and financial institutions are increasing in recent times, liquidity is piling up in banks due to slow loan investment. The Nepal Rastra Bank (NRB) has been drawing money from the banking system to manage the liquidity accumulated in the banking system.
