KATHMANDU, Nov 12: Nepal Rastra Bank (NRB) is set to raise Rs 50 billion from the market to manage liquidity through a bidding process. The central bank plans to collect the amount for a period of 175 days.
For this purpose, NRB has called on banks and financial institutions to submit their proposals. The bidding will take place online at 3 PM on Wednesday.
According to NRB, both the principal and interest will be repaid on May 6. Currently, Rs 144.95 billion collected through deposit collection instruments is yet to mature.
Similarly, the central bank has absorbed Rs 587 billion through the Standing Deposit Facility (SDF), which is a short-term deposit mechanism.