Nepal Rastra Bank (NRB) has announced plans to mobilize NPR 20 billion in deposits. Due to excess liquidity in banks and financial institutions, the central bank will conduct the collection through a 63-day repo auction.
The interest rate will be determined through the bidding process, and the accrued interest will be paid by Chaitra 25, 2082 BS.
Only banks and financial institutions classified under categories “Ka,” “Kha,” and “Ga” will be eligible to participate in the bidding process for this deposit mobilization instrument.
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