NRB to Withdraw Additional Rs 20 Billion Amid Surplus Liquidity

The Nepal Rastra Bank (NRB) is set to absorb an additional Rs 20 billion from the banking system on Wednesday, aiming to manage the growing excess liquidity in banks and financial institutions. This follows a similar move on Monday when the central bank withdrew Rs 35 billion from the market.

The NRB announced that the funds will be withdrawn for a period of 21 days under its deposit collection mechanism. The central bank has been actively using such tools in recent months to stabilize liquidity and guide short-term interest rates.

As per the notice, interested banks and financial institutions can submit their bids online until 3 PM on Wednesday.