In order to withdraw money from the market, the National Bank has called on banks and financial institutions to communicate online till 3 pm today.
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As the amount of money (liquidity) that can be given to banks and financial institutions has increased, the National Bank is going to withdraw 30 billion rupees on Wednesday as well. Rastra Bank has said that it is going to withdraw the amount for 25 days through the deposit collection tool for excess liquidity management.
In order to withdraw money from the market, the National Bank has called on banks and financial institutions to communicate online till 3 pm today. It is mentioned in the notice of Rashtra Bank that when dividing by Rs.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in the talk of deposit collection equipment. The National Bank has also said that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
The Rastra Bank has stated that the negotiation of deposit collection will be done on the interest rate, while the multi-interest rate can also be negotiated on multiple interest rates. In the last financial year, there was an average excess liquidity of more than 6 billion in banks and financial institutions every month. At the end of June of the last financial year, this amount had increased to 10.5 trillion rupees.
Although the first month of July of the new financial year is ending, there is more liquidity in the bank and financial system around 10 and a half trillion. This is why the National Bank is withdrawing money from the market twice a week (Sunday and Wednesday). At the same time, money is going to be withdrawn from the market today.
