Kathmandu. Nepal Rastra Bank (NRB) is going to infuse liquidity from the banking system for the first time for four days.
Issuing a notification today, the central bank said that it is going to withdraw Rs 50 billion from the banking system again. Rastra Bank is constantly drawing money using deposit collection tools as there is more liquidity in the banking system.
According to the Rastra Bank, the deposit collection will be held at 3 pm today. Banks and financial institutions that want to make deposits can bid up to the total call amount by dividing it by a minimum of Rs 100 million and a maximum of Rs 50 million.
According to the Rastra Bank, deposit collection will have to be bid at interest rates and multiple bids can also be made at multiple interest rates. Only ‘A’, ‘B’ and ‘C’ category banks and financial institutions will be allowed to participate in the bidding of deposit collection equipment.
According to the Rastra Bank, the principal and interest payment of this four-day deposit collection device will be made on July 15.
In recent times, there has been a liquidity crisis in the banking system due to lack of demand for credit. Banks and financial institutions are being forced to give money to the central bank at an interest rate of around 3 percent.
