KATHMANDU: The Nepal Rastra Bank (NRB) has announced its intention to gather deposits totaling Rs 10 billion rupees on December 17 (Poush 1).
The central bank will leverage deposit collection equipment to facilitate this substantial financial undertaking.
The deposit collection period is set to span from the December 17 to 24.
Notably, the Central Bank has structured the collection parameters, allowing for a minimum deposit of Rs 10 crore and a maximum of Rs 5 crore.
This arrangement aims to ensure a balanced distribution, enabling effective negotiation of the overall deposit amount.
Negotiations will also extend to determining the interest rate, adding a layer of flexibility to accommodate market dynamics.
Moreover, the collected deposits will carry the provision of being utilized as collateral in banks and financial institutions beyond the Central Bank, enhancing their broader economic impact.
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