KATHMANDU, Feb 2: Nepal Rastra Bank is set to withdraw an additional Rs 40 billion from the banking system for liquidity management.
Due to the banks' limited lending activities, the NRB plans to withdraw an additional Rs 40 billion from the market for 21 days using a bidding system. Despite the continuous decline in interest rates, banks are not able to increase their lending.
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The NRB has invited proposals from the BFIs with ample liquidity. Previously, the NRB mopped Rs 206 billion, which has not yet matured.
