NRB to withdraw NPR 30 billion to manage liquidity surplus

Kathmandu, January 28 — The Nepal Rastra Bank (NRB) has initiated a move to withdraw NPR 30 billion from the banking system to address the excess liquidity currently available.

The central bank will use the deposit collection tool to absorb this amount for a period of 21 days.

The NRB has announced that the principal and interest payments for this operation will be made on Falgun 6 (February 17).

Banks and financial institutions wishing to participate must bid a minimum of NPR 100 million, with the maximum bid being a figure divisible by NPR 50 million without any remainder.

Additionally, the NRB has clarified that the withdrawn amount can also be used as collateral by banks and financial institutions. Only A, B, and C class banks and financial institutions are eligible to participate in this liquidity absorption scheme.