KATHMANDU, Feb 8: Nepal Rastra Bank (NRB) is set to mop Rs 50 billion from the market to manage excess liquidity.
The central bank will collect the amount for 42 days through its deposit collection instrument. The bidding process for deposit collection will take place today..
Related story
Revised interest rate corridor system introduced
Interested banks and financial institutions must submit bids through online bidding by 3 pm. Only Class ‘A’, ‘B’, and ‘C’ banks and financial institutions will be eligible to participate in the bidding process.
NRB has been using the deposit collection instrument to manage surplus liquidity in the market. The principal and interest payments are scheduled to be made on March 22.
