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ECONOMY

NRB to mop Rs 50 billion from BFIs for liquidity management

KATHMANDU, Dec 1: The Nepal Rastra Bank (NRB) is going to mop an additional Rs 50 billion from the banking system for liquidity management.
By REPUBLICA

KATHMANDU, Dec 1: The Nepal Rastra Bank (NRB) is going to mop an additional Rs 50 billion from the banking system for liquidity management.


After banks were unable to increase loan investment, the NRB is going to withdraw the excess money in the market for 21 days through the bidding system.


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The NRB has sought proposals from banks and financial institutions with liquidity problems.


 

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