KATHMANDU, June 25: With excess liquidity continuing to pile up in the banking system, Nepal Rastra Bank (NRB) has announced it will mop up another Rs 50 billion from the market through a 63-day deposit collection auction.
NRB has called for proposals from banks and financial institutions, with the online bidding scheduled for Wednesday at 3 pm.
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The central bank has stated that both the principal and interest will be repaid on 27 August. Meanwhile, about Rs 2.5 trillion raised earlier through various deposit instruments is still pending maturity.
