KATHMANDU: Nepal Rastra Bank (NRB) has announced it will withdraw Rs 40 billion from the banking system through a 175-day deposit auction on Sunday to help manage excess liquidity.
The auction is scheduled for 3 p.m., with bids starting at a minimum of Rs 100 million and increasing in Rs 50 million increments. The interest rate will be determined through competitive bidding.
Earlier, NRB had conducted deposit collections for 21, 42, and 90 days, but the tenure has now been extended due to ongoing liquidity pressures.
The principal and interest from this auction will be repaid on April 25, 2026. Participation is limited to NRB-licensed Class ‘A’, ‘B’, and ‘C’ banks and financial institutions.
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