KATHMANDU: On Wednesday, Nepal Rastra Bank (NRB) aims to absorb Rs 50 billion from the banking sector in order to contain surplus liquidity. The procedure would include a 21-day bidding phase, with the NRB soliciting proposals from banks and financial organizations until 3 PM. Bidders must submit proposals ranging strictly between Rs 100 million and Rs 50 million, ensuring exact amounts without any remainder.
Additionally, there is Rs 950 million from previous bidding rounds that is yet to mature. As of Tuesday, NRB had already absorbed Rs 372 billion from banks and financial institutions at an interest rate of three percent through its Standing Deposit Facility (SDF).
