Kathmandu. Nepal Rastra Bank (NRB) is going to withdraw Rs 150 billion from the banking system on Thursday. The Nepal Rastra Bank (NRB) is going to withdraw Rs 150 billion from the deposit collection tool on October 26 to manage liquidity.
According to the Rastra Bank, interested banks and financial institutions will have to apply for bidding by 3 pm on Thursday. Banks and financial institutions who want to give deposits can bid up to the total call amount by dividing by a maximum of Rs 10 crore and a minimum of Rs 10 crore.
Similarly, the principal and interest of the 8-day deposit collection instrument will be paid on November 5, according to the NRB.
Although deposits in banks and financial institutions are increasing in recent times, liquidity is piling up in banks due to slow loan investment. In this way, the Rastra Bank has been drawing money from the banking system to manage the liquidity accumulated in the banking system.
