Central bank withdrawing Rs 100 billion to manage liquidity – The Himalayan Times – Nepal’s No.1 English Daily Newspaper

KATHMANDU, MAY 22

Nepal Rastra Bank is set to absorb Rs 100 billion from the banking system on Friday as part of its liquidity management measures.

The central bank stated that it will use its deposit collection instrument with a maturity period of 61 days.

According to an NRB notice, the auction process will be conducted electronically through the Online Bidding System and bidding will close at 3 pm today.

The principal amount along with accrued interest will be repaid on July 21.

Licensed banks and financial institutions participating in the auction can submit bids starting from a minimum of Rs 100 million. Higher bid amounts must be in multiples of Rs 50 million within the total announced ceiling.