Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) is going to withdraw Rs 50 billion from the banking system on Sunday. The Nepal Rastra Bank (NRB) is set to raise additional Rs 50 billion on March 22 through a deposit collection tool to manage liquidity.
According to the NRB, interested banks and financial institutions can apply for the post through bidding till 2:00 pm on Sunday. Banks and financial institutions can bid for a minimum of Rs 10 crore and a maximum of Rs 5 crore.
Similarly, the principal and interest of the 14-day deposit collection instrument will be paid on April 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.
