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Nepal Rastra Bank to Issue Deposit Collection Instrument Worth NPR 35 Billion

Author

NEPSE trading

Nepal Rastra Bank to Issue Deposit Collection Instrument Worth NPR 35 Billion

  • - Purpose: To manage excess liquidity in the market.

  • - Instrument: Deposit collection instrument worth NPR 35 billion.

  • - Bidding Date: Today, Thursday, 31st Jestha.

  • - Objective: To absorb excess liquidity from banks and financial institutions.

  • - Application Deadline: Interested banks and financial institutions can submit their bids by 3 PM today, Thursday.

  • - Usage Period: For 14 days.

  • - Repayment Date: Principal and interest repayment date is set for 13th Asar.

  • - Interest Rate: To be determined through bidding.

  • - Minimum Amount: Banks and financial institutions can bid for a minimum of NPR 100 million.

  • - Maximum Amount: Maximum bid amount can be up to NPR 5 billion per institution.

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