Nepal Rastra Bank (NRB) collected Rs 50 billion from banks and financial institutions on Wednesday to manage surplus liquidity in the financial system. The amount was mobilized through an online bidding process using a deposit collection instrument that concluded at 3:00 PM. The funds will remain with the central bank for 46 days, with principal and interest repayable on March 29. Interest rates were determined through a multi-rate bidding mechanism. Institutions were permitted to bid a minimum of Rs 100 million. The move is aimed at temporarily absorbing excess cash and maintaining monetary stability.
