Kathmandu. Kathmandu: Nepal Rastra Bank (NRB) is set to raise Rs 80 billion from the market on Wednesday. Nepal Rastra Bank (NRB) is set to raise Rs 80 billion on May 14 due to high liquidity in the market.
Banks will get back the principal and interest of Rs 80 billion that the Rastra Bank is going to raise for a period of 21 days. According to the bank, banks and financial institutions of A, B and C categories can keep deposits equivalent to the remaining number in the Rastra Bank if they divide by a minimum of Rs 100 million and a maximum of Rs 50 million.
According to the Rastra Bank, deposit collection should be done at an interest rate.
Also, bids can be made at multiple interest rates. According to the NRB, while allocating the amount called for deposit collection, the lowest interest rate as per the bid will be allocated in the first priority order and the amount called for will be distributed gradually.
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