KATHMANDU, Jan 26: Nepal Rastra Bank (NRB) is going to mop an additional Rs 40 billion from banks and financial institutions (BFIs) for liquidity management of the banking system.
Due to the banks' limited lending activities, the NRB plans to withdraw an additional Rs 40 billion from the market for 21 days using a bidding system.
The NRB has invited proposals from the BFIs with ample liquidity. Previously, the NRB mopped Rs 191 billion, which has not yet matured.