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As the amount of money that can be given to banks and financial institutions (liquidity) has increased, the National Bank is going to withdraw 50 billion rupees from the market today (Wednesday).
Rastra Bank has said that it is going to withdraw the amount for 21 days through the deposit collection tool for excess liquidity management. For this purpose, it is mentioned in the notice that the National Bank has called on the banks and financial institutions to conduct an online consultation till 3 pm today.
As there is more money (liquidity) than necessary in the market, the National Bank is going to withdraw the mentioned amount today to reduce it and fix it (manage). For about a year and a half, the National Bank has been regularly withdrawing money from the market twice a week on Sunday and Wednesday through deposit collection equipment. At the same time, it is about to go down again today.
It is mentioned in the notice that banks and financial institutions who want to deposit money in Rashtra Bank through the deposit collection device, can be divided by a minimum of 100 million and a maximum of 5 million rupees, so that the balance goes away.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in the talk of deposit collection equipment. The deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
