Kathmandu. Nepal Rastra Bank (NRB) is set to withdraw Rs 120 billion from the banking system on Thursday. The Nepal Rastra Bank (NRB) is set to raise Rs 120 billion through a deposit collection tool on May 30 to manage liquidity.
According to the NRB, interested banks and financial institutions can apply for the application through the bidding process till 3:00 pm on Thursday. Banks and financial institutions willing to offer deposits can bid up to 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 97-day deposit collection instrument will be paid on August 5.
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.
