Nepal Rastra Bank (NRB) withdrew Rs 50 billion from the banking system on Sunday through a deposit collection instrument to manage excess liquidity. The move comes as total deposits in banks surpassed Rs 76 billion. Class A, B, and C financial institutions participated in the bidding process, with a minimum bid requirement of Rs 100 million. The principal and interest will be repaid on March 22, 2027. The operation was conducted under the Open Market Operations Bylaws, which allow instruments of up to six months to help stabilize interest rates.
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