KATHMANDU, March 2: Nepal Rastra Bank (NRB) is set to withdraw an additional Rs 25 billion from the banking system for liquidity management after banks were unable to increase their lending.
The NRB is going to withdraw the excess money from the market through the bidding system.
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NRB to mop Rs 100 billion from BFIs
The NRB has sought proposals from banks and financial institutions (BFIs) with ample liquidity. Previously, the NRB mopped Rs 129 billion, which has not yet matured.
