Kathmandu. Nepal Rastra Bank (NRB) is going to withdraw Rs 40 billion from the banking system on Friday. The Nepal Rastra Bank (NRB) is set to raise an additional Rs 40 billion on May 8 through a deposit collection tool to manage liquidity.
According to the NRB, interested banks and financial institutions have to apply for the application through bidding till 3:00 pm on Friday. 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 96-day deposit collection instrument will be paid on August 10.
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.
