Nepal Rastra Bank Plans to Collect NPR 100 Billion in Deposits
Author
NEPSE trading
Nepal Rastra Bank (NRB) plans to collect NPR 100 billion in deposits from the banking system today, Bhadra 30. This step is taken to manage excess liquidity using the deposit collection instrument.
Key Points:
Deposit Collection Amount: NPR 100 billion.
Bidding Date: Bhadra 30, at 3:00 PM.
Bidding Method: Through the Online Bidding System Software.
Deposit Period: 21 days.
Interest Payment Date: Asoj 20.
Minimum and Maximum Amount: Banks and financial institutions wishing to deposit can bid for the total called amount, with a minimum of NPR 10 million and in increments of NPR 5 million until the total amount is exhausted.
Conclusion:
Nepal Rastra Bank plans to collect NPR 100 billion at once to manage excess liquidity in the banking system. Banks and financial institutions can place deposits at various levels in this process. This deposit collection program is crucial for economic stability and strengthening the financial system.
