KATHMANDU, Dec 24: Nepal Rastra Bank (NRB) is going to mop an additional Rs 40 billion from the banking system for liquidity management.
As the banks are unable to increase their loan investment, the NRB is going to withdraw the excess money from the market for 21 days through a bidding instrument.
The NRB has asked for proposals from banks and financial institutions that have liquidity problems. The NRB has collected Rs 120.15 billion since December 17.