२१.१२°C काठमाडौं
Rashtra Bank withdrawing 50 billion from the market for 21 days
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
After more money in the banks and financial system, the National Bank is going to withdraw 50 billion rupees again on Wednesday. Rastra Bank is going to withdraw the amount for 21 days through deposit collection tool for liquidity management. Because there is a lot of money in the financial system, the National Bank is withdrawing money from the market every day so that the interest rate does not fall too low.
After the inter-bank rate fell below three percent, the National Bank said that it is going to withdraw money from the market again. According to the current arrangement, when the inter-bank interest rate is below 3 percent, the National Bank has to withdraw money from the market, and when it exceeds 7 percent, it has to send money to the market. Now that it has fallen below three percent, money is about to be withdrawn from the market.
The National Bank of India has invited banks and financial institutions to participate online till 3 pm today (Wednesday) to collect deposits. It is mentioned in the notice of Rashtra Bank that when dividing by Rs.
The Rastra Bank has said that while deposit collection will be negotiated on the interest rate, multiple interest rates can also be negotiated.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in deposit collection device. The National Bank has also stated that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
प्रकाशित : श्रावण २, २०८१ १४:११
