Kathmandu. Nepal Rastra Bank (NRB) has decided to raise deposits of Rs 60 billion from the market.

Nepal Rastra Bank (NRB) is set to raise Rs 60 billion on August 15 due to high liquidity in the market. Banks will get back the principal and interest of Rs 60 billion that the Rastra Bank is going to raise for a period of 31 days.

According to the bank, banks and financial institutions of ‘A’, ‘B’ and ‘C’ categories can keep deposits equivalent to the number of 100 million and maximum 50 million in the rastra bank.

Bids can be made at multiple interest rates. According to the NRB, the lowest interest rate as per the bid has been given first priority while allocating the amount called for deposit collection.