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ECONOMY

NRB calls for bids to collect deposits

The central bank has stated that only licensed 'A', 'B', and 'C' class banks and financial institutions can participate in the deposit collection instrument.
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By REPUBLICA

KATHMANDU, Sept 16: Nepal Rastra Bank (NRB), Monetary Management Department has called for bids to collect one-month deposits worth Rs 6 billion. 



The central bank has stated that only licensed 'A', 'B', and 'C' class banks and financial institutions can participate in the deposit collection instrument.


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According to the central bank, the minimum bid amount should be Rs 100 million and the maximum bid amount is exactly divisible by the minimum bid amount.


 

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