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Nepal Rastra Bank to draw Rs 30 billion deposit to manage liquidity

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. Nepal Rastra Bank (NRB) has been pulling money continuously due to excess liquidity in the banking system. Nepal Rastra Bank (NRB) is going to withdraw Rs 30 billion from the banking system through deposit collection on June 3. According to the NRB, the bidding will take place at 3 pm today.

Banks and financial institutions (BFIs) who want to give deposits can bid up to the total call amount by dividing by a minimum of Rs 10 crore and a maximum of Rs 5 crore.TAG_OPEN_div_10

According to the Nepal Rastra Bank, the deposit collection can be bid at interest rate and multi-bidding can also be done at multiple interest rates.TAG_OPEN_div_8 Only ‘A’, ‘B’ and ‘C’ class banks and financial institutions are eligible to participate in the bidding process.

TAG_OPEN_div_6 The Nepal Rastra Bank (NRB) has issued a deposit collection tool for 56 days. According to the NRB, the principal and interest will be paid on July 26.

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