Nepal Rastra Bank has announced plans to withdraw Rs 30 billion from the banking system for a period of 52 days to address excess liquidity. The amount will be collected through a deposit auction beginning today. Banks and financial institutions must submit online bids by 2 pm on Wednesday. Interest rates will be determined through competitive bidding, and both principal and interest will be repaid on March 25. Institutions are allowed to place multiple bids at varying rates, with allocations prioritized at the lowest offered rates until the full amount is absorbed.
