The National Bank is set to withdraw Rs 60 billion from the market today (Wednesday) as the amount available for lending to banks and financial institutions has accumulated. The National Bank has stated that it is going to withdraw Rs 60 billion again as liquidity in the financial system has decreased and the maturity period of the amount withdrawn earlier has expired.

As the demand for credit has not increased while deposits have increased, liquidity (the amount available for lending) has accumulated in banks and financial institutions. The Rastra Bank is going to withdraw the amount for 28 days through the deposit collection tool for liquidity management. The Rastra Bank has stated that money is going to be withdrawn from the market again after the interbank interest rate fell below three percent.

The Rastra Bank has called on banks and financial institutions to bid online for the purchase of deposit collections by 2 pm today (Wednesday). The Rastra Bank's notice states that bidding can be done by dividing the minimum by 100 million rupees and the maximum by 50 million rupees, leaving the remainder.