NRB Issues Deposit Collection Tool to Mop up Excess Liquidity

Sep 24, 2020 12:00 PM Merolagani

Nepal Rastra Bank is issuing 28 days deposit collection tool worth Rs 30 billion to mop of excess liquidity of the banking sector.

Right now, the banking system has liquidity of Rs 200 billion. The liquidity is increasing due to the shrinking investment opportunity caused by COVID-19. Due to the excess liquidity, interest rates of both deposits and loans have decreased in the banking system.

The interested banks and financial institutions can apply for a minimum of Rs 10 million and a maximum of all offered divisible by Rs 10 million.  


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