NRB to mop additional Rs 40 billion for liquidity management

Published On: July 31, 2024 06:05 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, July 31: Nepal Rastra Bank (NRB) plans to mop an additional Rs 40 billion from the banking system to manage liquidity. The NRB will conduct this operation through a bidding instrument, with the funds being held for 21 days.

Banks and financial institutions are required to submit their proposals by 3 PM on Wednesday. This new mop comes on top of the Rs 36.75 billion already mopped up earlier, which is yet to mature.

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