NRB to raise NPR 30 billion from banking sector

Kathmandu, September 22 — The Nepal Rastra Bank is set to raise NPR 30 billion from the banking sector today.

This decision comes in response to a buildup of deposits in banks and financial institutions due to a lack of loan disbursement.

The central bank announced that it will collect the funds through a bidding process for deposit collection, where banks and financial institutions must place a minimum deposit of NPR 100 million.

The interest and principal payments for the deposits raised over a 14-day period are scheduled to be made on October 6, 2024.