The Nepal Rastra Bank (NRB) is set to absorb Rs 40 billion from the financial system for an 18-day period by issuing deposit collection instruments today. The move aims to curb excess liquidity and stabilize interest rates. Total deposits across the banking system now exceed Rs 7.5 trillion. Only Class ‘A,’ ‘B,’ and ‘C’ institutions licensed by NRB can participate in the interest-rate bidding process. The principal and interest will be paid on December 28.
