KATHMANDU, July 10: Nepal Rastra Bank (NRB) is mopping Rs 60 billion from the banks and financial institutions to manage liquidity.
The Monetary Management Department of the central bank issued a notice today stating that a tender has been called to collect the amount through a 19-day deposit collection instrument. The bidding will be done today by 3pm through the Online Bidding System Software (OBSS).
NRB to mop additional Rs 40 billion from banking system for liq...
It is stated that the deposit collection instrument will be issued today, and its principal and interest will be paid on the upcoming October 9. The interest rate will be determined through a bidding process.
Applications can be submitted up to the total call amount, in exact dividend while dividing by minimum Rs 50 million and maximum Rs 100 million.
Only category 'A', 'B', and 'C' banks and financial institutions licensed by NRB will be allowed to participate in the deposit collection instrument.
