KATHMANDU: It is planned for the Nepal Rastra Bank (NRB) to remove an additional Rs 30 billion from the banking sector in order to control liquidity. This comes after the previously mentioned but unresolved mopping of Rs 229 billion.
The NRB plans to mop up the Rs 30 billion for a period of 14 days using a bidding instrument. Banks and financial institutions are required to submit their proposals for participation by 3 PM on Sunday.
The earlier mopping of Rs 229 billion, also conducted through bidding instruments, remains active and is yet to mature.
