Nepal Rastra Bank to Collect Rs 25 Billion in Deposits to Manage Excess Liquidity

Kathmandu. Nepal Rastra Bank has decided to collect deposits worth Rs 25 billion to manage the excess liquidity in the banking system. The Monetary Management Department of the Rastra Bank today published a notice inviting bids through a 61-day deposit collection instrument for the said amount.

According to the notice, bidding can only be done through the 'Online Bidding System Software' (OBSS) until 3:00 PM today. The interest rate for deposit collection will be determined through the bidding process, and the principal and interest will be paid on October 14, 2083. (Bikram Sambat)