The National Bank has started withdrawing the aforementioned amount today through deposit collection tools as the amount available for lending to banks and financial institutions (liquidity) is high.
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Nepal Rastra Bank is going to withdraw Rs 120 billion through the deposit collection tool today. After the amount (liquidity) that can be lent to banks and financial institutions is high, the Rastra Bank has started withdrawing the mentioned amount today through the deposit collection tool. In the same vein, the Rastra Bank has stated that it is going to withdraw about Rs 120 billion for 97 days today.
As there is no possibility of immediate decrease in liquidity in the market, the Rastra Bank, which was withdrawing money for a short period earlier, is withdrawing money for a longer period in recent days. In the same vein, today it is going to withdraw the money for about 3 and a half months. On Wednesday, the Rastra Bank had also withdrawn Rs 40 billion for 49 days.
For the last three years, the Rastra Bank has been withdrawing money from the market regularly twice a week.
According to the notice issued by the Rastra Bank, banks and financial institutions wishing to place money in deposit collection can bid online until 3 pm today. Only banks and financial institutions of categories 'A', 'B' and 'C' will be allowed to participate in the bidding for the deposit collection tool. The NRB has also stated that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
The NRB's notice states that for investment in deposit collection equipment, a minimum of 100 million and a maximum of 50 million rupees can be divided into bids, leaving the remainder. The bid for deposit collection will be made at the interest rate. The NRB's notice states that multiple bids can be made at multiple interest rates.
