KATHMANDU, OCT 29: As a part of its effort to ease the ongoing liquidity crisis with the bank and financial institutions (BFIs), Nepal Rastra Bank has expedited preparations to provide them with daily liquidity services.
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In this regard, NRB has prepared a draft on amending the working guideline of daily liquidity facility to the BFIs. Through a public notice, the central bank has sought the suggestions from the general public and stakeholders concerned.
In the proposed rule, NRB has targeted to inject additional sums to the BFIs that are unable to settle transactions instantly due to lack of adequate funds with them. The facility will be made available only to the BFIs that are providing the Real Time Gross Settlement (RTGS) system.
