The National Bank has given a deadline of 3:00 PM to the banks and financial institutions to participate in the deposit collection tool talk.
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The National Bank is going to withdraw 40 billion rupees today, Wednesday, as the amount of money that can be given to banks and financial institutions (liquidity) has increased. Rastra Bank is going to withdraw the amount for 35 days through deposit collection tool for excess liquidity management.
For this purpose, the National Bank has called on the banks and financial institutions to participate online till 3 pm. It is mentioned in the notification of Rashtra Bank that when dividing by Rs.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in deposit collection device. The notice of Rashtra Bank also mentions that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
Rastra Bank has stated that while deposit collection will be negotiated on the interest rate, multiple interest rates can also be negotiated.
With the beginning of the new financial year, the amount of money that can be given to banks and financial institutions (more liquidity) has increased.
In the last 11 months of last year, there was an average amount of 6 trillion rupees that could be loaned, but it increased to 10.5 trillion rupees by the end of June, according to the data of Rashtra Bank. Since the demand for loans has not increased, the National Bank has already spent more than 10 billion rupees for interest payments as it has to draw money from two markets every week.
