KATHMANDU, Feb 5: Nepal Rastra Bank (NRB) is going to mop an additional Rs 35 billion from the Banks and Financial Institutions (BFI) to manage liquidity.
With banks struggling to increase loan investments, NRB will absorb the excess funds from the market for 20 days through a bidding mechanism. The central bank has invited proposals from liquidity-strapped BFIs.
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Meanwhile, Rs 121 billion previously withdrawn by the NRB is yet to mature.
