KATHMANDU, April 17: The Nepal Rastra Bank is set to withdraw Rs 100 billion from the market for a period of 56 days as part of its liquidity management measures.
The central bank will raise the amount through a bidding process, inviting proposals from banks and financial institutions. According to the bank, the auction will be conducted online at 3:00 pm on Friday.
Desperate search for missing girls as nearly 80 dead in Texas f...
The principal and interest on the amount will be repart 200 to 250 beneficiaries, with an average loan size of Rs 5 million, the statement said.
The principal and interest on the amount will be repaid on May 29.
The move comes as part of the central bank’s ongoing efforts to manage excess liquidity in the financial system. Previously, the Nepal Rastra Bank had already absorbed around Rs 500 billion through deposit collection instruments, which are yet to mature.
-1776353206.webp)
