Nepal Rastra Bank (NRB) on Wednesday raised Rs 20 billion through a deposit collection auction aimed at managing excess liquidity in the banking sector. The bidding process concluded at 3:00 PM, allowing banks and financial institutions to place electronic bids in multiples of Rs 50 million, with a minimum bid size of Rs 100 million. The 63-day instrument carries interest rates determined through competitive bidding. NRB stated that both principal and interest will be paid on April 8, with allocations made by prioritizing lower interest rate bids.
