Kathmandu. Banks and financial institutions have relied on the Rastra Bank to manage liquidity due to lack of credit investment due to the slowdown in the economy in the last few years.

As a result, the Rastra Bank has paid interest worth Rs 9 billion to banks and financial institutions in a year. Rastra Bank has paid the interest for collecting deposits from banks and financial institutions time and again.

Banks and financial institutions have used the permanent deposit facility provided by the Rastra Bank as there is no demand for loans in the market. Similarly, banks and financial institutions have used the facility of deposit collection provided by the Rastra Bank.

Nepal Rastra Bank (NRB) has withdrawn more than Rs 21.5 trillion from banks and financial institutions in the last 12 months of the last fiscal year through permanent deposit facility.

Nepal Rastra Bank (NRB) has withdrawn Rs 21,508.4 0 billion from banks and financial institutions in the last fiscal year. According to Nepal Rastra Bank, the interest rate on the deposit is around 3 percent on an average. Nepal Rastra Bank (NRB) has issued 149 permanent deposits from banks and financial institutions.

Nepal Rastra Bank (NRB) has paid Rs 3.84 billion in interest through deposits taken from banks and financial institutions. Rastra Bank had implemented the permanent deposit facility through the half-yearly review of the monetary policy for the fiscal year 2081/81 BS.

Nepal Rastra Bank (NRB) has been providing permanent deposit facility at deposit collection rate, which is the lower limit of the interest rate corridor, through monetary policy to effectively implement the interest rate corridor. Using this facility, banks and financial institutions have kept deposits in the Rastra Bank.

According to nrb data, rs 4,259 billion was withdrawn through deposit collection in the last fiscal year 2081/82. For this, the Rastra Bank has paid an average interest of 3 percent. Nepal Rastra Bank (NRB) has paid rs 5.15 billion to banks and financial institutions for collecting deposits.

Rastra Bank has been collecting deposits from the market repeatedly to keep the interest rate of banks and financial institutions stable. In the last two years, the credit investment of banks and financial institutions has been slowing down. As a result, the Rastra Bank is also collecting additional deposits of banks and financial institutions by bringing a procedure for permanent deposit facility.