KATHMANDU: Nepal Rastra Bank (NRB) is injecting Rs 25 billion in the market to address liquidity crunch in the banking system.
The Central Bank is floating Rs 25 billion in the market through the outright purchase of treasury bills.
Deposit collection in the banking system, which has been declining since November 2021, is yet to improve.
In the first week of the second month of the fiscal year 2022/23, commercial banks have seen their deposits go down by Rs 7 billion. Total deposit mobilization by commercial banks currently stands at Rs 4.42 trillion.
Commercial banks have seen their deposits deplete by Rs 115 billion since the beginning of the fiscal year 2022/23 in mid-July. Commercial banks had total deposits of Rs 4.54 trillion in mid-July.
Comment