NRB to Mop Up Rs. 30 Billion via 21-Day Deposit Auction This Sunday

Nepal Rastra Bank (NRB) is set to absorb Rs. 30 billion from the financial system this Sunday under its ongoing liquidity management strategy. The central bank will conduct a 21-day deposit collection auction to achieve this target.

For the process, NRB has called for proposals from banks and financial institutions. The bidding will be held online at 3 PM on Sunday.

The principal and interest amount will be repaid by the central bank on May 4. As of now, a total of Rs. 128.30 billion mobilized through various deposit collection tools by NRB remains outstanding.