NRB to mop additional Rs 40 billion from banking system for liquidity management

Published On: September 11, 2024 02:25 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Sept 11: Nepal Rastra Bank (NRB) is going to mop an additional Rs 40 billion from the banking system for liquidity management.

The NRB is going to mop Rs 40 billion for 21 days through a bidding instrument. For this, banks and financial institutions have to submit proposals by 3 PM on Wednesday.

Meanwhile, Rs 121 billion mopped earlier by the central bank is yet to mature.

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