Nepal Rastra Bank to Collect Rs 60 Billion Liquidity
Kathmandu. Nepal Rastra Bank has decided to collect deposits worth Rs 60 billion with the objective of managing liquidity from the market.
The Monetary Management Department of the central bank issued a notice today stating that a bid has been called to collect the said amount through a deposit collection instrument with a maturity of 19 days. The bidding will take place through the Online Bidding System Software (OBSS) until 3:00 PM today.
According to the notice, the deposit collection instrument will be issued today itself, and its principal and interest will be paid on October 9. The interest rate will be determined through the bidding process.
A minimum bid of Rs 10 crore and a maximum bid of Rs 5 crore, divisible by Rs 5 crore, can be submitted up to the total amount called. Only 'A', 'B', and 'C' class banks and financial institutions licensed by Nepal Rastra Bank can participate in the deposit collection instrument.
This specific news has been automatically translated by AI. As a result, there may be some inaccuracies or language errors.
