NRB to mop Rs 30 billion from BFIs while Rs 229 billion is yet to mature

Published On: September 22, 2024 02:35 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Sept 22: The Nepal Rastra Bank (NRB) is going to mop an additional Rs 30 billion from the banking system for liquidity management while the Rs 229 billion mopped earlier is yet to mature.

The NRB is going to mop Rs 30 billion for 14 days through a bidding instrument. For this, banks and financial institutions are required to submit proposals by 3 PM on Sunday.

The Rs 229 billion mopped earlier through bidding instruments is yet to mature.

You May Like This

NRB makes it mandatory for banks to report financial status of fourth quarter within three weeks of new FY

KATHMANDU, July 21: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to report their financial status of...
Read More...

NRB asks BFIs to implement provisions on oath-taking

KATHMANDU, May 13: Nepal Rastriya Bank (NRB) has directed banks and financial institutions (BFIs) to implement oath-taking provisions as stated...
Read More...

NRB tells BFIs to stop interest rate distortion, other anomalies

KATHMANDU, Feb 9: Concluding that the banks and financial institutions (BFIs) are perpetuating anomalies in the financial sector, Nepal Rastra Bank...
Read More...